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<SEC-DOCUMENT>0001178913-08-002384.txt : 20080910
<SEC-HEADER>0001178913-08-002384.hdr.sgml : 20080910
<ACCEPTANCE-DATETIME>20080910063143
ACCESSION NUMBER:		0001178913-08-002384
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080910
FILED AS OF DATE:		20080910
DATE AS OF CHANGE:		20080910

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILICOM LTD
		CENTRAL INDEX KEY:			0000916793
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23288
		FILM NUMBER:		081063959

	BUSINESS ADDRESS:	
		STREET 1:		08 HANAGAR ST
		CITY:			KFAR-SAVA ISRAEL
		STATE:			L3
		ZIP:			44000
		BUSINESS PHONE:		97297644555

	MAIL ADDRESS:	
		STREET 1:		P.O.BOX 2164
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			44000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk85779.htm
<TEXT>
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        F:\EDGAR Filing\Silicom Ltd\85779\a85779.eep                     -->
     <!-- Control Number: 85779                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=4>SECURITIES AND
EXCHANGE COMMISSION </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>WASHINGTON, D.C. 20549 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=4>FORM 6-K </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>REPORT OF FOREIGN
PRIVATE ISSUER </font></h1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>PURSUANT TO RULE
13a-16 OR 15d-16 OF </font></h1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>THE SECURITIES
EXCHANGE ACT OF 1934 </font></h1>

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<P Align=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><I>For the month of
September 2008</I></B> </FONT> </p>

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<Hr Size="1" Width="15%" Align="Center">

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=5>SILICOM LTD. </font></h1>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(Translation of
Registrant&#146;s name into English) </font></p>

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<Hr Size="1" Width="15%" Align="Center">

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>8 Hanagar St., P.O.Box
2164, Kfar-Sava 44425, Israel </font></h1>

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<P Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(Address of Principal
Executive Offices) </font></p>

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<Hr Size="1" Width="15%" Align="Center">

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<P><Font Face="Times New Roman, Times, Serif" Size=2>Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </font></p>



<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Form 20-F</B> </FONT> <FONT FACE="Wingdings" SIZE="3"><B>x</B> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Form 40-F</B> </FONT> <FONT FACE="Wingdings" SIZE="3"><B>o</B> </FONT>
</P>


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<P><Font Face="Times New Roman, Times, Serif" Size=2>Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): ______ </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): ______ </font></p>


<P><Font Face="Times New Roman, Times, Serif" Size=2>Indicate by check mark whether the
registrant by furnishing the information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934:
</FONT></P>

<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Yes</B> </FONT> <FONT FACE="Wingdings" SIZE="3"><B>o</B> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>No</B> </FONT> <FONT FACE="Wingdings" SIZE="3"><B>x</B> </FONT>
</P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If &#147;Yes&#148; is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-______</FONT></P>



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<P><Font Face="Times New Roman, Times, Serif" Size=2>Silicom Ltd. (the
&#147;Registrant&#148;) will hold an Extraordinary General Meeting of Shareholders on
October 15, 2008 at 10:00 a.m. (Israel time) at the Registrant&#146;s offices at 8 Hanagar
Street, Kfar Sava 44000, Israel. In connection with the meeting, on or about September 16,
2008, the Registrant will mail to shareholders the Notice of Extraordinary General
Meeting, Proxy Statement (including the exhibits thereto) and Proxy Card. Attached hereto
as Exhibits 1 and 2 are, the Notice of Extraordinary General Meeting with Proxy Statement
and Proxy Card, respectively. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>This report on Form 6-K is
incorporated by reference into the Registrant&#146;s Registration Statement on Form F-3,
Registration Statement No. 333-143565. This report on Form 6-K is also incorporated by
reference into all other effective registration statements filed by the Registrant under
the Securities Act of 1933. </font></p>



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<P Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>Signature </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized. </font></p>


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<td Width=40%><Font Face="Times New Roman, Times, Serif" Size=2></font></td>
<td Width=10%><Font Face="Times New Roman, Times, Serif" Size=2></font></td>
<td Width=50%><Font Face="Times New Roman, Times, Serif" Size=2>SILICOM  Ltd.<Br>(Registrant)<Br>
<br>By: /s/ Eran Gilad<br>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<br>
Eran Gilad<br>CFO</font></td>
</tr>
</table>
<br>


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<P Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Dated: September 10, 2008 </font></p>


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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit_1.htm
<TEXT>
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        F:\EDGAR Filing\Silicom Ltd\85779\a85779.eep                     -->
     <!-- Control Number: 85779                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
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<P Align="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 1</B></U> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>SILICOM LTD.
<Br>NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
<Br>To Be Held On October 15, 2008 </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice
is hereby given that an Extraordinary General Meeting (the &#147;<B>Meeting</b>&#148;) of
Shareholders of Silicom Ltd. (the &#147;<B>Company</b>&#148;) will be held at the offices
of the Company at 8 Hanagar Street, Kfar Sava 44000, Israel, on Wednesday, October 15,
2008, at 10 a.m., Israel time. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is a Dual Company, as such term is defined in the Israeli Companies Regulations
(Concessions for Public Companies Traded on Stock Markets Outside of Israel) &#150; 2000. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Meeting is being called for the following purposes: </font></p>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Workstation" -->
<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
consider and act upon a proposal to approve the grant of options to Avi
          Eizenman, the Active Chairman of the Board of Directors.  </font></p>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Workstation" -->
<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
consider and act upon a proposal to approve the grant of options to Yeshayahu           (&#145;Shaike&#146;)
Orbach, a member of the Board of Directors, and President           and Chief Executive
Officer of the Company.  </font></p>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Workstation" -->
<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval
of Proposals 1 and 2 requires the affirmative vote of shareholders present in person or
by proxy and holding Ordinary Shares of the Company amounting in the aggregate to at
least a majority of the votes actually cast by shareholders with respect to such
proposals.  </font></p>


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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders
of record at the close of business on September 15, 2008 will be entitled to vote at the
Meeting or any postponements or adjournments thereof. Shareholders who do not expect to
attend the meeting in person are requested to mark, date, sign and mail the enclosed proxy
as promptly as possible. In the event that proxies are sent directly to the Company, they
must be received at least 24 hours prior to the commencement of the Meeting in order for
the proxy to be qualified to participate in the Meeting. Shareholders who hold shares of
the Company through members of the Tel Aviv Stock Exchange and who wish to participate in
the Meeting, in person or by proxy, are required to deliver proof of ownership to the
Company, in accordance with the Israeli Companies Regulations (Proof of Ownership of a
Share For Purposes of Voting at General Meetings) &#150; 2000. Such shareholders wishing
to vote by proxy are requested to attach their proof of ownership to the aforementioned
proxy. </font></p>


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<td Width=40%><Font Face="Times New Roman, Times, Serif" Size=2><Br><Br><Br><Br><Br><Br>Date: September 10, 2008</font></td>
<td Width=10%><Font Face="Times New Roman, Times, Serif" Size=2></font></td>
<td Width=50%><Font Face="Times New Roman, Times, Serif" Size=2>By Order of the Board of Directors<Br><Br><B>SILICOM LTD.</b><Br>
/s/ Shaike Orbach<br><br>Yeshayahu (&#145;Shaike&#146;) Orbach<Br>President and Chief Executive Office</font></td>
</tr>
</table>
<br>



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<font size=2>- 1 -</font></p>
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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=4>PROXY STATEMENT </font></h1>

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<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>SILICOM LTD. </font></h1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>8 Hanagar St. </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>Kfar Sava </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=3>Israel </font></h1>

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<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>EXTRAORDINARY GENERAL
MEETING OF SHAREHOLDERS </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>To Be Held On October
15, 2008 </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
enclosed proxy is being solicited by the board of directors (the &#147;<B>Board of
Directors</b>&#148;) of Silicom Ltd. (the &#147;<B>Company</b>&#148;) for use at the
Company&#146;s Extraordinary General Meeting of Shareholders (the
&#147;<B>Meeting</b>&#148;) to be held on Wednesday, October 15, 2008, or at any
adjournment or postponement thereof. Upon the receipt of a properly executed proxy in the
form enclosed, the persons named as proxies therein will vote the ordinary shares, par
value New Israeli Shekels (&#147;NIS&#148;) 0.01 each, of the Company (the
&#147;<B>Ordinary Shares</b>&#148;) covered thereby in accordance with the directions of
the shareholders executing the proxy. In the absence of such directions, the Ordinary
Shares represented thereby will be voted in favor of all the proposals included in this
proxy statement. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Proxy solicited hereby may be revoked at any time prior to its exercise, by means of a
written notice delivered to the Company, by substitution of a new proxy bearing a later
date or by a request for the return of the proxy at the Meeting. The Company expects to
solicit proxies by mail and to mail this proxy statement and the accompanying proxy card
to shareholders on or about September 16, 2008. Directors, officers and employees of the
Company may also solicit proxies by telephone, facsimile and personal interview. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company will bear the cost of the preparation and mailing of its proxy materials and the
solicitation of proxies. Copies of solicitation materials will be furnished to brokerage
firms, nominees, fiduciaries and other custodians for forwarding to their principals, and
the reasonable fees and expenses of such forwarding agents will be borne by the Company.
Only holders of record of Ordinary Shares at the close of business on September 15, 2008
are entitled to vote at the Meeting. On September 2, 2008 6,709,034 Ordinary Shares were
outstanding and entitled to vote. Each Ordinary Share is entitled to one vote on each
matter to be voted at the Meeting. The Company&#146;s Articles of Association do not
permit cumulative voting for the election of directors or for any other purpose. Two
shareholders present, personally or by proxy, holding at least fifty one per cent (51%) of
the Company&#146;s outstanding ordinary shares, shall constitute a quorum for the Meeting.
If within half an hour from the time the meeting is convened a quorum is not present, the
meeting shall stand adjourned until October 22, 2008 at 10 a.m. (Israel time). If a quorum
is not present at the second meeting within half an hour from the time appointed for the
meeting, any two or more shareholders present personally or by proxy shall be deemed a
quorum, and shall be entitled to deliberate and to resolve in respect of the matters for
which the meeting was convened. Abstentions and broker non-votes are counted as Ordinary
Shares present for the purpose of determining a quorum. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to section 2(a2) of the Israeli Companies Regulations (Notice for General Assembly and
Class Assembly in a Public Company) -2000, due to the subject matter of the proposals
being brought to the Meeting for approval, the Company is required to provide its
shareholders with 35 days notice prior to convening the Meeting. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approval
of Proposals 1 and 2 stated in this proxy statement requires the affirmative vote of
shareholders present in person or by proxy and holding Ordinary Shares of the Company
amounting in the aggregate to at least a majority of the votes actually cast by
shareholders with respect to such proposals (an &#147;Ordinary Majority&#148;). </font></p>


<p align=center>
<font size=2>- 2 -</font></p>
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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PRINCIPAL SHAREHOLDERS </font></h1>


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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth, as of September 2, 2008, the number of Ordinary Shares,
including options and warrants to purchase Ordinary Shares exercisable within 60 days,
owned by (i) all shareholders known to the Company to own more than five per cent (5%) of
the Company&#146;s Ordinary Shares and (ii) all directors and officers as a group (based
on 6,709,034 Ordinary Shares outstanding on that date): </font></p>






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<TR VALIGN=Bottom>
     <Th> </th>
     <Th Colspan="3" Align="Left"><FONT FACE="Times New Roman" SIZE=1>Name and Address</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Number of<BR>
Shares Owned</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Percent of Class</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TH></TR>
<Tr Valign="Bottom" Bgcolor="#cceeff">
     <Td Width="5%"> </td>
     <Td Width="64%" Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>Yehuda Zisapel</FONT></TD>
     <Td Width="1%" Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="2%" Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="1%" Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Width="11%" Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>455,940</FONT></TD>
        <Td Width="2%" Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Width="1%" Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Width="11%" Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>6.80</FONT></TD>
        <Td Width="2%" Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TH></TR>

<TR VALIGN=Bottom>
     <Td> </td>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Zohar Zisapel</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>868,853</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>12.95</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <Th> </th>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TH></TR>

<Tr Valign="Bottom" Bgcolor="#cceeff">
     <Td> </td>
     <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>All directors and officers as a group</FONT></TD><Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>709,255</FONT></TD>
        <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><Td Align="RIGHT"><FONT FACE="Times New Roman" SIZE=2>10.35</FONT></TD>
        <Td Align="LEFT"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
</TABLE>
<Br>




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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PROPOSAL 1 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>APPROVAL OF THE GRANT
OF OPTIONS TO THE ACTIVE CHAIRMAN OF THE <Br>BOARD OF DIRECTORS </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the Companies Law, the terms of service of members of the Board of Directors, including
the grant of options to purchase Ordinary Shares of the Company, require the approval by
each of the Audit Committee, Board of Directors and shareholders, in that order. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Audit Committee and the Board of Directors (with the exception of Avi Eizenman and
Yeshayahu (&#145;Shaike&#146;) Orbach who did not participate in the vote) has approved
the option grant to the Company&#146;s Active Chairman of the Board, Mr. Avi Eizenman, set
forth below. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avi Eizenman will be granted a total
of forty thousand (40,000) options to purchase Ordinary Shares of the Company at an
exercise price per option equal to the closing price of the Company&#146;s Ordinary Shares
on the date that such option grant is approved by the Company&#146;s shareholders (the
&#147;<B>Exercise Price</b>&#148; and &#147;<B>Grant Date</b>&#148;, respectively). The
options will vest in two (2) tranches: one half (1/2) shall vest on the second anniversary
of the Grant Date and one half (1/2) shall vest on the third anniversary of the Grant
Date. The options (vested and unvested) shall expire, by their terms, upon the earlier to
occur of: (a) the eighth anniversary of the Grant Date; and (b) the first date following
the Grant Date on which the closing price per share of the Company&#146;s Ordinary Shares
falls below fifty percent (50%) of the Exercise Price. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
options shall be granted under the Company&#146;s Share Option Plan (2004) and are further
subject to the terms of the Company&#146;s standard form of option agreements. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shareholders of the Company will be requested to adopt the following resolution at the
Meeting: </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>RESOLVED,
to approve the grant of 40,000 options to purchase Ordinary Shares of the Company pursuant
to the Company&#146;s Share Option Plan (2004) to Avi Eizenman (the Company&#146;s Active
Chairman of the Board of Directors) at an exercise price equal to the closing price of the
Company&#146;s Ordinary Shares on the date of the approval of such grant by the
Company&#146;s shareholders (the &#147;Grant Date&#148;), where one half (1/2) will vest
on the second anniversary of the Grant Date and one half (1/2) will vest on the third
anniversary of the Grant Date.</b> </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
approval of the option grant described above requires the affirmative vote of an Ordinary
Majority (as defined in this proxy statement). </font></p>

<p align=center>
<font size=2>- 3 -</font></p>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee and Board of Directors, with the exception of Mr. Avi Eizenman and
Mr. Yeshayahu (&#145;Shaike&#146;) Orbach, who express no recommendation as to the vote on the above proposal, recommend a
vote &#147;FOR&#148; the approval of the option grant to Mr. Eizenman. </I></B> </FONT> </p>



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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>PROPOSAL 2 </font></h1>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>APPROVAL OF THE GRANT
OF OPTIONS TO THE COMPANY&#146;S PRESIDENT AND <Br> CHIEF EXECUTIVE OFFICER </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the Companies Law, the terms of service of members of the Board of Directors, including
the grant of options to purchase Ordinary Shares of the Company, require the approval by
each of the Audit Committee, Board of Directors and shareholders, in such order. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Audit Committee and the Board of Directors (with the exception of Avi Eizenman and
Yeshayahu (&#145;Shaike&#146;) Orbach who did not participate in the vote) has approved
the option grant to the Company&#146;s President and Chief Executive Officer, Yeshayahu
(&#145;Shaike&#146;) Orbach, set forth below (the terms of which are identical to those
described in Proposal 1 above in respect of the Active Chairman of the Board, Mr. Avi
Eizenman). </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yeshayahu (&#145;Shaike&#146;) Orbach
will be granted a total of 40,000 options to purchase Ordinary Shares of the Company at an
exercise price per option equal to the closing price of the Company&#146;s Ordinary Shares
on the date that such option grant is approved by the Company&#146;s shareholders (the
&#147;<B>Exercise Price</b>&#148; and <B>&#147;Grant Date</b>&#148;, respectively). The
options will vest in two (2) tranches: one half (1/2) shall vest on the second anniversary
of the Grant Date and one half (1/2) shall vest on the third anniversary of the Grant
Date. The options (vested and unvested) shall expire, by their terms, upon the earlier to
occur of: (a) the eighth anniversary of the Grant Date; and (b) the first date following
the Grant Date on which the closing price per share of the Company&#146;s Ordinary Shares
falls below fifty percent (50%) of the Exercise Price. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shareholders of the Company will be requested to adopt the following resolution at the
Meeting: </font></p>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>RESOLVED,
to approve the grant of 40,000 options to purchase Ordinary Shares of the Company pursuant
to the Company&#146;s Share Option Plan (2004) to Yeshayahu (&#145;Shaike&#146;) Orbach
(the Company&#146;s President and Chief Executive Officer) at an exercise price equal to
the closing price of the Company&#146;s Ordinary Shares on the date of the approval of
such grant by the Company&#146;s shareholders (the &#147;Grant Date&#148;), where one half
(1/2) will vest on the second anniversary of the Grant Date and one half (1/2) will vest
on the third anniversary of the Grant Date.</I></B> </FONT> </p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
approval of the option grant described above requires the affirmative vote of an Ordinary
Majority (as defined in this proxy statement). </font></p>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Audit Committee and Board of Directors, with the exception of Mr. Avi Eizenman and
Mr. Yeshayahu (&#145;Shaike&#146;) Orbach, who express no recommendation as to the vote
on the above proposal, recommend a vote &#147;FOR&#148; the approval of the option grant
to Mr. Orbach.</I></B> </FONT> </p>


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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
is not aware of any other matters to be presented at the Meeting. If, however, any other
matters should properly come before the Meeting or any adjournment or postponement
thereof, the proxy confers discretionary authority with respect to acting thereon, and the
persons named in the enclosed proxy will vote on such matters in accordance with their
best judgment. </font></p>


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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Your
vote is important!</b> Shareholders are urged to complete and return their proxies
promptly in order to, among other things, ensure action by a quorum and to avoid the
expense of additional solicitation. If the accompanying proxy is properly executed and
returned in time for voting, and a choice is specified, the shares represented thereby
will be voted as indicated thereon. If no specification is made, the proxy will be voted
in favor of all the proposals described in this Proxy Statement. In the event that proxies
are sent directly to the Company, they must be received at least 24 hours prior to the
commencement of the Meeting in order for the proxy to be qualified to participate in the
Meeting. Shareholders who hold shares of the Company through members of the Tel Aviv Stock
Exchange and who wish to participate in the Meeting, in person or by proxy, are required
to deliver proof of ownership to the Company, in accordance with the Israeli Companies
Regulations (Proof of Ownership of a Share For Purposes of Voting at General Meetings)
&#150; 2000. Such shareholders wishing to vote by proxy are requested to attach their
proof of ownership to the enclosed proxy. <B>Proxies and all other applicable materials
should be sent to the offices of the Company at 8 Hanagar Street, Kfar Sava 44000, Israel
(telephone number: 972-9-764-4555, facsimile number: 972-9-765-1977)</b>. </font></p>

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<H1 Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>ADDITIONAL INFORMATION </font></h1>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are subject to the informational requirements of the Securities Exchange Act of 1934, as
amended (the &#147;<B>Exchange Act</b>&#148;), as applicable to foreign private issuers.
Accordingly, we file reports and other information with the SEC. Shareholders may read and
copy any document we file at the SEC&#146;s public reference rooms at 450 Fifth Street,
N.W., Washington, D.C. 20549. Shareholders can call the SEC at 1-800-SEC-0330 for further
information on using the public reference room. In addition, similar information
concerning us can be inspected and copied at the offices of the National Association of
Securities Dealers, Inc., 9513 Key West Avenue, Rockville, Maryland 20850 USA. All
documents which we will file on the SEC&#146;s EDGAR system will be available for
retrieval on the SEC&#146;s website at http://www.sec.gov. As a Dual Company (as defined
in the Israeli Companies Regulations (Concessions for Public Companies Traded on Stock
Markets Outside of Israel) &#150; 2000) we also file reports with the Israel Securities
Authority. Such reports can be viewed on the Israel Securities Authority website at
http://www.magna.isa.gov.il and the Tel Aviv Stock Exchange website at
http://www.maya.tase.co.il. </font></p>

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<P><Font Face="Times New Roman, Times, Serif" Size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
a foreign private issuer, we are exempt from the rules under the Exchange Act prescribing
certain disclosure and procedural requirements for proxy solicitations. Also, our
officers, directors and principal shareholders are exempt from the reporting and
&#147;short-swing&#148; profit recovery provisions contained in Section 16 of the Exchange
Act and the rules thereunder, with respect to their purchases and sales of securities. In
addition, we are not required under the Exchange Act to file periodic reports and
financial statements with the SEC as frequently or as promptly as United States companies
whose securities are registered under the Exchange Act. </font></p>




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<Td Width="50%" Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By Order of the Board of Directors<Br><Br><B>SILICOM LTD.</B><Br>
<br>/s/ Shaike Orbach<br><Br>
Yeshayahu (`Shaike') Orbach<Br>
PRESIDENT AND CHIEF EXECUTIVE OFFICER </FONT> </td>
</tr>
</table>
<br>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P Align=LEFT><Font Face="Times New Roman, Times, Serif" Size=2>Kfar Sava, Israel
<BR>Date: September 10, 2008 </font></p>


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<FILENAME>exhibit_2.htm
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     <!-- Project:        F:\EDGAR Filing\Silicom Ltd\85779\a85779.eep                     -->
     <!-- Control Number: 85779                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
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<P Align="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 2</B></U> </FONT> </P>

<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS DIRECTED HEREIN.<Br>IF NO DIRECTION IS
INDICATED, THIS PROXY WILL BE VOTED &#147;FOR&#148; ALL THE PROPOSALS HEREIN. </B> </FONT>
</P>


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<P Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Please mark your vote as in this example</B> </FONT> <FONT FACE="Wingdings" SIZE="3">x </FONT> </p>



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     <Td Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>FOR</B> </FONT></td>
     <Td Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>AGAINST</B> </FONT></td>
     <Td Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ABSTAIN</B> </FONT></td></tr>

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     <td><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
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     <td><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
     <td><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>

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     <td Width="5%"><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
     <td Width="68%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>PROPOSAL 1: </B> TO APPROVE THE GRANT OF OPTIONS TO THE ACTIVE CHAIRMAN OF THE BOARD OF DIRECTORS. </FONT>
</td>
     <Td Width="9%" Align="Center"><FONT size="3" face="Wingdings">o</font></td>
     <td Width="9%" Align="Center"><FONT size="3" face="Wingdings">o</font></td>
     <td Width="9%" Align="Center"><FONT size="3" face="Wingdings">o</font></td></tr>

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     <td><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>

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     <td><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
     <td><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>PROPOSAL 2: </B> TO APPROVE THE GRANT OF OPTIONS TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. </FONT>
</td>
     <Td Align="Center"><FONT size="3" face="Wingdings">o</font></td>
     <td Align="Center"><FONT size="3" face="Wingdings">o</font></td>
     <td Align="Center"><FONT size="3" face="Wingdings">o</font></td></tr>
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     <td><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
     <td><Font Face="Times New Roman, Times, Serif" Size="2"></font></td>
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<Br>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>   The undersigned hereby acknowledges receipt of the Notice of the Extraordinary  General Meeting,  revokes any proxy or proxies heretofore given to vote upon or act with respect to
   the undersigned's shares and hereby ratifies and confirms all that the proxies, their substitutes, or any of them, may lawfully do by virtue hereof.
</FONT></P>




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     <Td Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">(NAME OF SHAREHOLDER)</font></td>
     <td Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">(SIGNATURE OF SHAREHOLDER)</font></td>
     <td Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">(DATE)</font></td></tr>
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     <Td Width="100%" Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>SILICOM LTD.</B> </FONT>
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     <td><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>
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     <td Align="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Extraordinary General Meeting of Shareholders to be held on October 15, 2008</B> </FONT>
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     <td><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>
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     <td Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">THIS PROXY IS SOLICITED ON BEHALF OF MANAGEMENT
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     <td><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned shareholder of Silicom Ltd. (the "<B>Company</B>") hereby appoints Mr. Eran Gilad, the true and
lawful attorney, agent and proxy of the undersigned, to vote, as designated below, all of the Ordinary Shares of
the Company which the undersigned is entitled in any capacity to vote at the Extraordinary General Meeting of
Shareholders of the Company, to be held at the corporate offices of the Company at 8 Hanager Street, Kfar Sava
44000, Israel on October 15, 2008, at 10 a.m., (Israel time), and all adjournments and postponements thereof. </FONT>
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     <td><Font Face="Times New Roman, Times, Serif" Size="2">&nbsp;</font></td></tr>
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     <td Align="Center"><Font Face="Times New Roman, Times, Serif" Size="2">(CONTINUED AND TO BE SIGNED ON REVERSE SIDE)
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