<SEC-DOCUMENT>0001178913-24-002079.txt : 20240626
<SEC-HEADER>0001178913-24-002079.hdr.sgml : 20240626
<ACCEPTANCE-DATETIME>20240626080005
ACCESSION NUMBER:		0001178913-24-002079
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240626
FILED AS OF DATE:		20240626
DATE AS OF CHANGE:		20240626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILICOM LTD.
		CENTRAL INDEX KEY:			0000916793
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23288
		FILM NUMBER:		241070640

	BUSINESS ADDRESS:	
		STREET 1:		14 ATIR YEDA ST.
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			4464323
		BUSINESS PHONE:		97297644555

	MAIL ADDRESS:	
		STREET 1:		14 ATIR YEDA ST.
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			4464323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SILICOM LTD
		DATE OF NAME CHANGE:	19940103
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2431609.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16 OF</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">For the month of June 2024</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic; font-weight: bold;">________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SILICOM LTD.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">&#160;</font>(Translation of Registrant's
        name into English)</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic; font-weight: bold;">________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">14 Atir Yeda St., P.O.Box 2164, Kfar-Sava 4464323, Israel</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;">(Address of principal executive offices)</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic; font-weight: bold;">________________</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will
          file annual reports under cover of Form 20-F or Form 40-F:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"></font></div>
      <div style="line-height: 1.25;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">Form 20-F </font>&#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Form 40-F </font>&#9744;</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">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): ______</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">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): ______</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;">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:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;"></font></div>
      <div style="line-height: 1.25;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">Yes </font>&#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">No </font>&#9746;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="line-height: 1.25;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-______</div>
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      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Silicom Ltd. (the "Registrant" or the "Company") held an Annual General Meeting of Shareholders on June 18, 2024 at
        14:00 (Israel time) at the Registrant&#8217;s offices at 14 Atir Yeda Street, Kfar Sava 4464323, Israel (the "Meeting"). Copies of the Notice of Annual General Meeting (the "Notice"), Proxy Statement and Proxy Card relating to the Meeting were filed on
        Form 6-K by the Registrant on May 7, 2024.</div>
      <div style="line-height: 1.25">&#160; <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The Registrant is announcing that the following resolutions were duly approved by the shareholders of the Company
        at the Meeting: (i) the re-election of Avi Eizenman&#160; the Company's Active Chairman, to the Company's Board of Directors, to hold office as director for a three-year term commencing on the date of the Meeting until the Annual General Meeting of
        Shareholders to be held in the year 2027, and until his successor has been duly elected, (ii) the re-election of Mr. Eli Doron, to the Company&#8217;s Board of Directors, to hold office as director for a three-year term commencing on the date of the
        Meeting until the Annual General Meeting of Shareholders to be held in the year 2027, and until his successor has been duly elected; (iii) the approval of a framework for the grant of up to 10,000 Restricted Stock Units to Mr. Yeshayahu (&#8216;Shaike&#8217;)
        Orbach,&#160;for the period commencing November 1, 2023 and ending October 31, 2025, upon the terms described in the Notice; (iv) the approval of the grant of 60,000 options to purchase Ordinary Shares of the Company pursuant to the Company's Global
        Share Incentive Plan (2013) (the "Plan") to Mr. Avi Eizenman, upon the terms described in the Notice; (v) the adoption of an appendix to the Plan for U.S. tax payers; and (v) the appointment of Kesselman &amp; Kesselman Certified Public Accountants
        (Isr.), PwC Israel, as independent public accountants of the Company for the year ending December 31, 2024 and until the next General Meeting of Shareholders and authorization of the Audit Committee to fix the compensation of such auditors.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">The resolution relating to the approval of 100,000 options to purchase Ordinary Shares of the Company, to Mr. Liron
        Eizenman, the Company&#8217;s President and Chief Executive Officer (&#8220;CEO&#8221;), was not approved at the Meeting.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">Pursuant to Israeli law, a company is entitled in special circumstances, to override the rejection by a meeting of
        its shareholders of certain resolutions, including a compensation package proposed for a company&#8217;s chief executive officer, provided that the company&#8217;s compensation committee and board of directors have each resolved to overturn the decision of the
        meeting of its shareholders on the basis of detailed reasons and having reconsidered the matter afresh, and taken into account the objection of the shareholders&#8217; meeting.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">In light of this, the Company&#8217;s Compensation Committee and Board of Directors each convened on June 26, 2024, and
        reviewed and reconsidered the grant of options to the CEO upon the terms described in the Notice. Following their review and reconsideration, each of the Committee and Board determined on the basis of detailed reasons following a renewed analysis
        of the proposed option grant, that despite the rejection of the grant by the Meeting, the objection by the shareholders was overridden and the grant approved.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">This report on Form 6-K is incorporated by reference into all registration statements filed by the Registrant under
        the Securities Act of 1933.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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      <div style="line-height: 1.25;">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.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
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            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2">Silicom Ltd.</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2" rowspan="1">(Registrant)</td>
              <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
                </div>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Eran Gilad</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Eran Gilad, Chief Financial Officer</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;"><br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">Dated:&#160; June 26, 2024</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
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