DEF 14A: My Size, Inc. Announces Annual Meeting of Stockholders to be Held on December 30, 2024

My Size, Inc. will hold its annual meeting of stockholders on December 30, 2024, to elect a director and ratify the appointment of its independent public accountant.

Summary

• My Size, Inc. will hold its Annual Meeting of Stockholders on December 30, 2024, at 10:00 a.m. (local time) at the offices of Barnea Jaffa Lande & Co Law Offices in Tel Aviv, Israel.
• Stockholders of record as of November 4, 2024, are entitled to vote at the meeting.
• The meeting will address the election of Ronen Luzon as a Class III director for a three-year term and the ratification of Somekh Chaikin as the independent public accountant for the fiscal year ending December 31, 2024.
• The Board of Directors recommends voting FOR the election of the director nominee and FOR the ratification of the accountant appointment.
• Proxy materials are available online, and the company intends to begin sending notices to stockholders on or about November 4, 2024.
• A quorum requires the presence of holders of one-third of the outstanding shares of common stock, which is 420,044 shares out of 1,260,131 shares outstanding as of the record date.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, so the sentiment is neutral to slightly positive due to the routine nature of the announcements and the board's recommendations.

Positives

• The company is following good corporate governance practices by submitting the selection of the independent auditor to stockholders for ratification.
• The board of directors has determined that each member of the audit committee is independent.
• The company has a Code of Business Conduct and Ethics that applies to all employees.

Future Outlook

The document outlines the procedures and deadlines for stockholders to submit proposals for the 2025 Annual Meeting, indicating a continuation of corporate governance practices.

Management Comments

• The Board of Directors recommends a vote FOR Proposals 1 and 2.
• The board of directors believes the Company is well-served by this flexible leadership structure and that the combination or separation of these positions should continue to be considered on an ongoing basis.

Industry Context

This announcement is a standard part of corporate governance, ensuring shareholders have the opportunity to participate in key decisions such as electing directors and ratifying the appointment of auditors.

Comparison to Industry Standards

• The structure of the board with staggered terms is a common practice among publicly traded companies to ensure continuity and experience.
• The use of independent audit, compensation, and nominating committees aligns with best practices in corporate governance, similar to companies like Nike, Apple, and Microsoft.
• The detailed disclosure of director compensation and security ownership is consistent with SEC regulations and industry standards, as seen in filings from companies like Tesla and Amazon.

Related Party Transactions

• Ronen Luzon, the Chief Executive Officer and a member of the board of directors, and Billy Pardo, the Chief Product Officer and Chief Operating Officer, are husband and wife.

Stakeholder Impact

• Shareholders have the opportunity to vote on key company decisions.
• Employees are indirectly affected by the election of directors and the ratification of the auditor.
• The outcome of the votes can influence investor confidence and the company's future direction.

Next Steps

• Stockholders should review the proxy materials and vote on the proposals.
• The company will hold the Annual Meeting on December 30, 2024.
• The company will announce the results of the votes after the Annual Meeting.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Stockholders, Director Election, Auditor Ratification, Corporate Governance, My Size, Inc.