RA'ANANA, Israel, Aug. 27, 2008 (GLOBE NEWSWIRE) -- Retalix(r) Ltd. (Nasdaq:RTLX), today announced that it has scheduled its 2008 annual shareholders meeting to take place October 7, 2008 at 10:00 a.m. (Israel time), at the offices of the Company, 10 Zarhin Street, Ra'anana, Israel. If a quorum is not present by 10:30 a.m. on the date of the meeting, the meeting will stand adjourned to October 15, 2008, at the same time and place. The record date for the meeting is September 2, 2008.
The agenda of the meeting is as follows:
1. To elect the following members of the Board of Directors of
the Company to serve until the next annual general meeting of
shareholders: Barry Shaked, Gillon Beck, Brian Cooper, Ishay
Davidi, Neomi Enoch, Amnon Lipkin-Shahak, Ian O'Reilly and
Itschak Shrem.
2. To elect Dr. Zvi Lieber as an external director to the Board
of Directors of the Company.
3. To approve the compensation of our Chief Executive Officer.
4. To amend the Amended and Restated Articles of Association of
the Company to authorize the Company to donate reasonable sums
to charity.
5. To approve the grant of letters of indemnification to our
directors.
6. To re-appoint Kesselman & Kesselman, a member of
PricewaterhouseCoopers International Limited, as the Company's
independent auditors until the next annual general meeting of
shareholders, and to authorize the Board of Directors to fix
their remuneration in accordance with the volume and nature of
their services.
7. To discuss the financial statements of the Company for the
year ended December 31, 2007.
Item 1 and Items 3 through 6 require the approval of a simple majority of the shares voted on the matter. Item 2 requires the approval of a majority of the shares voted on the matter including at least two-thirds of the shares of any non-controlling shareholders voted on the matter (unless the total number of shares of non-controlling shareholders voted against the matter does not exceed one percent of the outstanding Ordinary Shares). Item 7 will not involve a vote of the shareholders.
Proxy statements and proxy cards for use by shareholders that cannot attend the meeting in person will be sent by the mail, on or about September 7, 2008, to the Company's shareholders of record and to shareholders that hold shares registered with the American Stock Transfer & Trust Company, including shares held via Depository Trust Company (DTC) members.
About Retalix
Retalix is an independent provider of enterprise-wide software solutions to retailers and distributors worldwide. Retalix solutions serve the needs of multi-national grocery chains, convenience and fuel retailers, food service operators, food and consumer goods distributors and independent grocers. The Company offers a full portfolio of software applications that automate and synchronize essential retailing, distribution and supply chain operations, encompassing stores, headquarters and warehouses. The company's International headquarters are located in Ra'anana, Israel, and its American headquarters are located in Dallas, Texas.
Retalix on the Web: www.retalix.com