Incredimail 2014 Annual Report Download - page 56

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.
Amir Nahmias
has been the General Manager of our CodeFuel division since December 2014. From March 2008 until December 2013,
Mr. Nachmias served as Vice President of Publishers at Conduit Ltd. Between January 2014 and December 2014, Mr. Nachmias served as a
Vice President of Sales and Partnerships in our Codefuel division.
Miki Kolko has been our CTO since January 2015. From 2012-
2014 Mr. Kolko served as the Company VP of the Data Services Group.
Previously, Mr. Kolko served as vice president of data at LivePerson (NASDAQ:LSPN), a global leader of digital engagement technology. Prior
to his work at LivePerson, Mr. Kolko served in various engineering executive management positions and was a founder and chief technology
officer of 3 startups in enterprise software and Internet B2C. Mr. Kolko holds a MSc in computer science from Tel Aviv university and a B.A. in
mathematics and computer science from Bar Ilan University.
Michael Waxman-Lenz has been our Chief Strategy Officer since April 2015. From 2011 to March 2015, he was the CEO and co-
founder of INTEAD, LLC, an education marketing/technology company. From 2000 to 2010, Mr. Waxman-
Lenz served in various positions at
American Greetings Corporation (NYSE: AM), including as General Manager of AG.com, from 2009 to 2010, Chief Financial Officer of the
AG Intellectual Properties group, from 2002 to 2009 and as Vice President of Corporate and Business Development of the AG Interactive group,
from 2000 to 2002. From 1999-
2000, he served as the Vice President of Business Development of eAgents (acquired by American Greetings
Interactive) and from 1996 to 1999, he worked as an investment advisor for the Eagle Venture Fund. From 1992 to 1996, Mr. Waxman-
Lenz
worked as a manager at Ernst & Young and from 1990 to 1992 he worked as an economist for the Institute of International Finance (IIF). Mr.
Waxman-
Lenz currently serves as a director on the board of Punchbowl Software. He holds an M.A. in international economics and U.S.
Foreign Policy from the Johns Hopkins University, School of Advanced International Studies and is a CFA charter holder.
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, 2014, was
approximately $7.1 million, which included approximately $0.9 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 2014.
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, 2014 was approximately $0.3 million. In addition, our directors are reimbursed for expenses incurred in order to attend board or
committee meetings.
In the year ended December 31, 2014, we granted (i) options to purchase 285,000 ordinary shares to our directors and officers, at a
weighted average exercise price of $10.17 per share, and the latest expiration date for such options is December 2019, and (ii) 232,400 RSUs to
our Chief Executive Officer, with a purchase price per share of ILS 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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