Incredimail 2013 Annual Report Download - page 53

Yuval Hamudot has been the General Manager of the Consumer Brands division of the Company
since September 2012. From
September 2011 to September 2012, he served as the Chief Operating Officer of Smilebox Inc. From 2003 to September 2011, Mr. Hamudot
served the Company in various positions, including as the Chief Operating Officer from 2010 to 2011, as the Chief Technology Officer from
2007 to 2010, and as a Vice President –
Research and Development from 2003 to 2007. From 1994 to 2000, Mr. Hamudot served in the Israeli
Defense Force’
s top computer unit as a project officer responsible for nationwide projects. Mr. Hamudot holds a B.Sc. in Computer Science
from Tel Aviv University and an M.B.A. from Bar-Ilan University.
Dana Maor
has been our Senior Vice President of Human Resources since September 2013. From 2008 to 2013, Ms. Maor served as a
Global Vice President of Human Resources at Frutarom Industries. From 2005 to 2008, Ms. Maor served as Vice President of Human Resources
of Radvision (currently an Avaya Company). From 2003 to 2005, Ms. Maor served as an independent human resources consultant for high-
tech
and start-
up companies. Prior thereto, she served for almost six years at Amdocs as a divisional Human Resources Vice President and for three
years at Telradin the Technology Division as a Human Resources Manager. Ms. Maor Holds a B.A in Psychology and Criminology and an M.A.
in Industrial and Social Psychology, both from Bar Ilan University.
Tomer Pascal
has been the General Manager of the Utilities Business division of the Company since January 2012. From 2010 to
2012, Mr. Pascal served as the Vice President of Marketing of the Company. In 2005, Mr. Pascal co-
founded Interactive Technologies Ltd., and
from 2005 to 2009, he served as its Vice President of Marketing and Product Management.
Josh Wine
has been our President since January 2014. From 2012 to 2014, Mr. Wine served as Chief Revenue Officer of Conduit Ltd.
and General Manager of its ClientConnect division. From 2011 to 2012 Mr. Wine served as Chief Operating Officer of Homesun Ltd. in the UK.
From 2001 to 2011 Mr. Wine was a consultant at McKinsey & Company, where he was elected partner in 2009. Mr. Wine holds an M.A. in
Philosophy, Politics and Economics from Oxford University.
Mark Ziering
has been the Senior Vice President of Corporate Development of the Company since August 2010. From 1999 to 2008,
Mr. Ziering was a partner at Genesis Partners, L.P., a leading Israeli venture capital fund. From 1993 to 1996, Mr. Ziering served as an analyst
at Chemical Bank (predecessor to JP Morgan Chase) and, from 1989 to 1991, at the Federal Reserve Bank of New York. Mark holds a B.A.
from Yeshiva University and an M.B.A. from Yale University.
There are no family relationships between any of our directors or executive officers.
B. COMPENSATION
The aggregate direct compensation we paid to our officers as a group (8 persons) for the year ended December 31, 2013, was
approximately $2.6 million, which included approximately $0.3 million that was set aside or accrued to provide for pension, retirement,
severance or similar benefits. This amount includes bonuses paid to our officers pursuant to our executive bonus plan based on company
performance measures, in accordance with
our Compensation Policy for Directors and Officers. This amount does not include expenses we
incurred for other payments, including dues for professional and business associations, business travel and other expenses, and other benefits
commonly reimbursed or paid by companies in Israel. We did not pay our officers who also serve as directors any separate compensation for
their directorship during 2013.
The aggregate compensation we paid to our directors who are not officers for their services as directors as a group for the year ended
December 31, 2013 was approximately $0.4 million. In addition, our directors are reimbursed for expenses incurred in order to attend board or
committee meetings.
In the year ended December 31, 2013, we granted (i) options to purchase 285,000 ordinary shares to our directors and officers, at a
weighted average exercise price of $10.59 per share, and the latest expiration date for such options is September 2018, and (ii) 200,000 restricted
share units ("RSUs") to our Chief Executive Officer, with a purchase price per share of NIS 0.01. The RSUs automatically vest into our ordinary
shares over a period of three years, subject to continued employment, with 20% of each grant vesting on the first anniversary of the applicable
date of grant, 30% of each grant vesting on the second anniversary of the applicable date of grant and 50% of each grant vesting on the third
anniversary of the applicable date of grant. These options and RSUs were granted under our Equity Incentive Plan, as amended, formerly known
as the 2003 Israeli Share Option Plan (the "Incentive Plan").
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