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Similarweb supplements proxy disclosure on new CEO Michael Akkerman's compensation terms
SMWBSimilarweb Ltd.
Similarweb Ltd. issued a supplemental disclosure to its October 8, 2026 proxy statement ahead of the Special General Meeting of Shareholders scheduled for November 16, 2026. The filing provides additional transparency regarding the peer group used by Aon to benchmark compensation terms for incoming Chief Executive Officer Michael Akkerman. The company clarifies that its compensation peer group consists of 19 software companies with revenues between $100 million and $750 million and market capitalizations between $300 million and $4 billion. For CEO-specific benchmarking, the analysis focused on a subset of 11 non-founder CEOs. Akkerman's cash compensation is positioned at approximately the 25th to 50th percentile of these peers, while his sign-on equity allocation represents approximately 1.25% of the company's fully diluted capitalization. The disclosure confirms that the proposed on-target equity grant of approximately $10 million falls within the limits set by the company's Compensation Policy. This supplemental information does not amend the original proposal or affect proxies already submitted.