NNDM - Nano Dimension Announces Additional Governance Enhancements and Convening of an Extraordinary General Meeting of Shareholders | Benzinga
Following Shareholder Feedback and Input from Governance Experts in Reference to the 9/2023 Shareholders' Meeting:
- Two Directors to Step Down - Making 6 Independent Directors Out of a Total 7 (CEO Being the Sole Non-Independent)
- Chairman of the Board and CEO Roles Were Separated: Dr. Yoav Nissan-Cohen Was Recently Appointed as Non-Executive Chairman
- U.S. Army 4-Star General (Ret.) Michael X. Garrett, Former Commanding General of U.S. Army Forces Command, a Director of Textron, Appointed to Nano Dimension's Board
Changes are Part of an Ongoing Planned Process Aimed at Strengthening Corporate Governance Practices
Waltham, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printers, today announced that it will hold an Extraordinary General Meeting of Shareholders (the "EGM") on December 13th, 2023, at which shareholders will be asked to approve compensation for the Company's Directors, including the Chairman of the Board and Nano Dimension's Chief Executive Officer. In addition, Nano Dimension today announced the continuation of its corporate governance enhancements to further align the Company's profile with gold standards and best practices based on shareholder feedback and input from governance experts, Institutional Shareholder Services and Glass Lewis, prior to the previous Annual General Meeting on September 7th, 2023.
As part of setting the board to be efficient and effective, Nano Dimension has followed ISS recommendations from March and September 2023: Igal Rotem and Amit Dror are stepping down from the Board effective immediately as part of a planned transition. Amit Dror will also resign from his position as Customer Success Officer.
With these changes, Nano Dimension's Board has been reduced, since September 2023, from nine to seven directors, with all six non-executive directors being independent.
These changes follow the previously announced separation of the Company's Chairman and CEO roles, under which independent director Dr. Yoav Nissan-Cohen was appointed Chairman of the Board, as announced on September 15th, 2023.
Yoav Stern, CEO of Nano Dimension, commented, "We intend to continue corporate governance enhancements with ...