Item 5. OTHER INFORMATION

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 30, 2025, the Board (i) appointed Rafi Ouzan, the Company’s Senior Vice President, Division Head – Weighing Solutions, to serve as the Chief Operating Officer of the Company and (ii) appointed Yair Alcobi to serve as Chief Business and Product Officer of the Company, in each case effective November 2, 2025. Mr. Ouzan and Mr. Alcobi will each report to Ziv Shoshani, the Company’s Chief Executive Officer.

Biographical and other information about Mr. Ouzan is included in the Company’s Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 11, 2025. Mr. Ouzan is entitled to receive a base salary of  1,046,000 New Israeli Shekels ("NIS"), an annual bonus of up to 50% of his annual base salary and an annual equity award, with an aggregate value equal to 30% of his annual base salary.

From 2024 until his appointment, Mr. Alcobi, 54, had served as Chief Executive Officer of Highcon Systems Ltd., a company specializing in digital finishing solutions for the packaging industry. Prior to that role, he was the Chief Executive Officer of XJET Ltd., a 3D printing company, from 2022 to 2024, and Vice President of KLA Corporation, a Nasdaq-listed electronics equipment and services company, from 2019 to 2022. Prior to his role at KLA Corporation, Mr. Alcobi held various positions at Orbotech (until Orbotech was acquired by KLA Corporation), Kulicke & Soffa Industries, Inc. and ISCAR Ltd.

Mr. Alcobi is entitled to receive a base salary of 1,248,000 NIS, an annual bonus of up to 50% of his annual base salary and an annual equity award, with an aggregate value equal to 30% of his annual base salary. 

Neither Mr. Ouzan nor Mr. Alcobi has any family relationships with any director or executive officer of the Company, and there are no arrangements or understandings between either Mr. Ouzan or Mr. Alcobi and any other persons pursuant to which Mr. Ouzan or Mr. Alcobi was selected to his position. Neither Mr. Ouzan or Mr. Alcobi or any related person of Mr. Ouzan or Mr. Alcobi has a direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.