0001144204-13-059907.txt : 20131108 0001144204-13-059907.hdr.sgml : 20131108 20131108141854 ACCESSION NUMBER: 0001144204-13-059907 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131108 FILED AS OF DATE: 20131108 DATE AS OF CHANGE: 20131108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CaesarStone Sdot-Yam Ltd. CENTRAL INDEX KEY: 0001504379 STANDARD INDUSTRIAL CLASSIFICATION: CUT STONE & STONE PRODUCTS [3281] STATE OF INCORPORATION: L3 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35464 FILM NUMBER: 131203993 BUSINESS ADDRESS: STREET 1: Kibbutz Sdot Yam CITY: MP Menashe STATE: L3 ZIP: 38805 BUSINESS PHONE: 972 4 636 4555 MAIL ADDRESS: STREET 1: Kibbutz Sdot Yam CITY: MP Menashe STATE: L3 ZIP: 38805 6-K 1 v359938_6k.htm FORM 6-K

  

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549
______________________

 

FORM 6-K

 

REPORT of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

 

For the month of November 2013

 

Commission File Number: 001-35464

 

                 Caesarstone Sdot-Yam Ltd.                 


(Translation of registrant’s name into English)

 

 

Kibbutz Sdot Yam
MP Menashe
Israel 37804

(Address of principal executive offices) 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x            Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨              No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________

 

 
 

 

EXPLANATORY NOTE

 

On November 8, 2013, Caesarstone Sdot-Yam Ltd. (the “Registrant”) published a notice that it will hold an Annual General Meeting of Shareholders of the Registrant. The Registrant will distribute a proxy statement (which will include the full version of the proposed resolutions) and a proxy card to all shareholders of record after the record date for the meeting. The notice is attached hereto as Exhibit 99.1.

 

2
 

  

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  CAESARSTONE SDOT-YAM Ltd.  
     
Date: November 8, 2013 By: /s/ Michal Oron  
  Name: Michal Oron  
  Title: Vice President Business Development & General Counsel  

 

3
 

 

EXHIBIT INDEX

 

The following exhibit is filed as part of this Form 6-K:

 

Exhibit   Description
     
99.1   Notice of the Annual General Meeting of Shareholders of the Registrant.

 

4

  

EX-99.1 2 v359938_ex99-1.htm EXHIBIT 99.1

 

EXHIBIT 99.1

 

CAESARSTONE SDOT-YAM LTD.

 

Kibbutz Sdot Yam, MP Menashe, 37804, Israel

 

Tel: +972-4-6109217

 

 

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

To be held on December 19, 2013

 

M.P Menashe, Israel, November 8, 2013 – Caesarstone Sdot-Yam Ltd. (NASDAQ: CSTE) (the “Company”), a leading manufacturer of high quality engineered quartz surfaces, today announced that an annual general meeting (the “Meeting”) of its shareholders will be held on December 19, 2013, at 17:00 Israel time, at the offices of the Company at Kibbutz Sdot-Yam, MP Menashe 37804, Israel.

 

The Meeting is being called for the following purposes:

 

(1)to re-elect Mr. Maxim Ohana, Mr. Eitan Shachar, Mr. Boaz Shani, Mr. Shachar Degani and Mr. Gal Cohen, and to elect Mr. Ram Belnikov and Mr. Amir Rotem, to serve as directors of the Company until the close of the next annual general meeting of shareholders of the Company;

 

(2)to approve the compensation terms and conditions for directors who are appointed to the Company's Board of Directors (other than external directors and independent directors), subject to, and in accordance with, the provisions of the Companies Law;

 

(3)to ratify and approve a framework terms and conditions for the extension, renewal and entering into a new insurance policy for directors’ and officers’ liability, subject to, and in accordance with, the provisions of the Companies Law;

 

(4)to approve an amendment to the Company's Articles of Association, to mainly reflect the sale by Tene Investment In Quartz Surfaces L.P of its holdings in the Company, to allow the fulfillment of vacancy in the Board of Directors of the Company (the “Board”) and to address shareholder proposals; and

 

(5)to approve the reappointment of Kost, Forer, Gabbay & Kasierer (a member of Ernst & Young Global) as the Company’s independent auditors for the year ending December 31, 2013 and its service until the annual general meeting of shareholders to be held in 2014 and to authorize the Board, upon recommendation of the Audit Committee of the Company, to determine the compensation of the auditors in accordance with the volume and nature of their services.

 

In addition, the shareholders will be requested to consider at the Meeting the Company's financial statements for the year ended December 31, 2012.

 

We are not currently aware of any other matters that will come before the Meeting. If any other matters are presented properly at the Meeting, the persons designated as proxies intend to vote upon such matters in accordance with their best judgment.

 

The affirmative vote of the holders of a majority of the voting power represented at the Meeting in person or by proxy and voting thereon is necessary for the approval of each proposal.

 

 
 

 

In addition, the approval of Proposals number (2) and (3) are also subject to the fulfillment of one of the following additional voting requirements:

 

(i)the majority of the shares that are voted at the Meeting in favor of the relevant proposal, excluding abstentions, include at least a majority of the votes of shareholders who are not controlling shareholders and do not have a personal interest in the proposal; or

 

(ii)the total number of shares held by the shareholders mentioned in clause (i) above that are voted against the proposal does not exceed two percent of the aggregate voting rights in the Company.

 

For this purpose, a “Controlling Shareholder” is any shareholder that has the ability to direct the Company’s activities (other than by means of being a director or office holder of the Company), including a person who holds 25% or more of the voting rights in the general meeting of the Company if there is no other person who holds more than 50% of the voting rights in the company; for the purpose of a holding, two or more persons holding voting rights in the Company each of which has a personal interest in the approval of the transaction being brought for approval of the company shall be considered to be joint holders. A person is presumed to be a Controlling Shareholders if it holds or controls, by himself or together with others, one half or more of any one of the “Means of Control” of the Company. “Means of Control” is defined as any one of the following: (i) the right to vote at a General Meeting of the Company, or (ii) the right to appoint directors of the Company or its Chief Executive Officer. A “personal interest” of a shareholder in an action or transaction of a company includes (i) a personal interest of any of the shareholder’s relative (i.e. spouse, brother or sister, parent, grandparent, child as well as child, brother, sister or parent of such shareholder’s spouse or the spouse of any of the above) or an interest of a company with respect to which the shareholder or the shareholder’s relative (as detailed above) holds 5% or more of such company’s issued shares or voting rights, in which any such person has the right to appoint a director or the chief executive officer or in which any such person serves as a director or the chief executive officer, including the personal interest of a person voting pursuant to a proxy whether or not the proxy grantor has a personal interest; and (ii) excludes an interest arising solely from the ownership of ordinary shares of the Company.

 

Only shareholders of record at the close of business on November 13, 2013 are entitled to notice of, and to vote at, the Meeting, or at any adjournment or postponement thereof.

 

A proxy statement describing the various matters to be voted upon at the Meeting along with a proxy card enabling the shareholders to indicate their vote on each matter will be mailed on or about November 20, 2013, to all shareholders entitled to vote at the Meeting. Such proxy statement shall also be furnished to the U.S. Securities and Exchange Commission (the “SEC”) under cover of Form 6-K and will be available on the Company’s website www.caesarstone.com on or about November 13, 2013.

 

In accordance with the Companies Law and regulations promulgated thereunder, any shareholder of the Company may submit to the Company a position statement on its behalf, expressing its position on an agenda item for the Meeting to the Company’s offices, c/o Kibbutz Sdot-Yam, MP Menashe 37804, Israel, Attention: Michal Baumwald Oron, General Counsel, or by facsimile to +972-4-6364400, no later than November 25, 2013. Any position statement received will be furnished to the SEC on Form 6-K, and will be made available to the public on the SEC’s website at http://www.sec.gov.

 

BY ORDER OF THE BOARD OF DIRECTORS  
Maxim Ohana    
Chairman of the Board of Directors    
     
M.P Menashe, Israel    
November 8, 2013    

 

2