Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 13, 2022, Mr. Yoram Baumann, 69, was appointed to the board of directors
of Viewbix Inc. (the "Board" and the "Company", respectively), where he will
assume the role of chairman of the Board, effective immediately. Mr. Baumann
previously served as the chairman of the board of directors of Gix Internet Ltd,
the parent company of the Company ("Gix Internet"), from January 2020 to June
2022, and currently serves as chairman of the board of Gix Media Ltd., the
wholly owned subsidiary of Gix Internet ("Gix Media"), which position he has
held since May 2021. Additionally, Mr. Baumann is chairman of the Publicis Group
in Israel, which role he has held since June 2012. Mr. Baumann holds a B.A. in
Advertising and Marketing from Watford College of Advertising, England.
The selection of Mr. Yoram Baumann as a director and chairman of the Board was
not pursuant to any arrangement or understanding with respect to any other
person. In addition, there are no family relationships between Mr. Yoram Baumann
and any director or other executive officer of the Company. Mr. Baumann is not
receiving any form of compensation for his appointment to and service on the
Board.
Except for the following, there are no related party transactions between the
Company and Mr. Yoram Baumann reportable under Item 404(a) of Regulation S-K: On
June 28, 2021, the shareholders of Gix Internet approved (i) a monthly fee of
NIS 25,000 payable to Mr. Baumann in connection with his service as Gix
Internet's chairman of the board, and (ii) a monthly fee of NIS 25,000 payable
to Mr. Baumann in connection with his service as the chairman of the board of
Gix Media.
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