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Tower Semiconductor to vote on amended executive compensation policy after July rejection
TSEMTower Semiconductor Ltd
Tower Semiconductor is holding an extraordinary general meeting on November 25, 2026, to seek shareholder approval for its Amended and Restated Compensation Policy. The proposal follows the rejection of a previous version in July 2026. The company withdrew two contentious amendments: an increase in the CEO's maximum potential bonus upside opportunity and an increase in the maximum permitted sign-on bonus for executive officers. These elements remain at levels set by the 2023 Compensation Policy. Other changes include updated fixed-to-variable compensation ratios, broader metric weightings for annual bonuses, increased D&O insurance coverage limits to $175 million, and new provisions for interim director equity grants and a qualified retirement program. Tower Semiconductor Ltd. is an Israeli semiconductor company that designs and manufactures integrated circuits.