Retalix Founders and FIMI Sign Shareholders' Agreement
Barry Shaked will continue to serve as the Company's Chief Executive Officer; FIMI will designate a nominee for
Chairman of the Board
Ra'anana, Israel; March 4, 2008 - Retalix(R) Ltd. (NasdaqGS: RTLX) announced today that three of its largest
shareholders, FIMI, Barry Shaked and Brian Cooper, have entered into a shareholders' agreement.
FIMI, an Israeli private equity fund, recently acquired approximately 11.6% of the ordinary shares of Retalix;
Barry Shaked, the founder, Chairman and CEO of Retalix, and Brian Cooper, the co-founder of Retalix and a
member of the Board of Directors, own shares and exercisable options representing approximately 10.6% of the
ordinary shares of Retalix.
According to the agreement, filed on Monday with the SEC, the parties agreed to take steps to expand the
Company's Board of Directors to be comprised in equal parts of directors designated by the founders and by
FIMI. One of FIMI's designees is expected to serve as the Chairman of the Board. Barry Shaked, the
Company's current Chairman and Chief Executive Officer, will continue to serve as the Company's Chief
Executive Officer. This follows Mr. Shaked's announcement in December 2007 that Retalix intended to separate
the positions of Chairman and CEO during 2008.
Ishay Davidi, CEO of FIMI, said that he sees great importance in the cooperation established in the shareholders'
agreement. "Each of the parties will contribute to improving the Company's performance and to assisting
management in enhancing shareholder value and realizing Retalix's great potential," Davidi said.
Barry Shaked added: "I appreciate FIMI's desire to contribute to the Company's future. This agreement provides
Retalix broad and solid backing in a period of multiple challenges and opportunities. Expanding the Board of
Directors and bringing in a new Chairman will allow me to focus as CEO on t