0001178913-22-004416.txt : 20221227 0001178913-22-004416.hdr.sgml : 20221227 20221227065914 ACCESSION NUMBER: 0001178913-22-004416 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221227 FILED AS OF DATE: 20221227 DATE AS OF CHANGE: 20221227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Caesarstone Ltd. CENTRAL INDEX KEY: 0001504379 STANDARD INDUSTRIAL CLASSIFICATION: CUT STONE & STONE PRODUCTS [3281] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35464 FILM NUMBER: 221486784 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 FORMER COMPANY: FORMER CONFORMED NAME: CaesarStone Sdot-Yam Ltd. DATE OF NAME CHANGE: 20101027 6-K 1 zk2228923.htm 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 December 2022
 
Commission File Number: 001-35464
 
Caesarstone Ltd.
(Translation of registrant’s name into English)
 
Kibbutz Sdot Yam
MP Menashe
Israel 3780400
 (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 ☒      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):   __

EXPLANATORY NOTE
 
On December 24, 2022, in response to press inquiries in Israel, the Company confirmed, that as a global operating company affected by global market conditions and fluctuations, it is taking steps to adjust its operations to address the ongoing slowdown in demand for kitchen countertops among private consumers as well as commercial projects around the world. The Company has implemented a plan to improve its efficiency. This consists of several actions, including a completed reduction of approximately 10% its global head-count, a portion of that in Israel, with the majority of the reduction spread across our facilities around the world. In addition, Company is taking other steps to improve its operational efficiency, including increase prices, focus on growth and others. Company to stressed that Caesarstone® is a strong globally recognized brand with high trust by consumers and business partners, which it believes will in better addressing the coming period.

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 LTD.
 
 
 
 
 
Date: December 27, 2022  
By:
/s/ Ron Mosberg
 
 
 
Name:  Ron Mosberg
 
 
 
Title:    General Counsel & Corporate Secretary