Formula 1985 : Results of Special General Shareholder Meeting - Form 6-K

Results of Special General Shareholder Meeting

On January 12, 2023, Formula Systems (1985) Ltd. ("we," "us" or the "Company") held its special general meeting of shareholders (the "Meeting") at the Company's offices at Terminal Center, 1 Yahadut Canada Street, Or Yehuda 6037501, Israel. At the Meeting, our shareholders voted on the below-listed proposals, each of which is described in more detail in our notice and proxy statement for the Meeting (the "Notice" and "Proxy Statement", respectively), which were attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K (a "Form 6-K") that we furnished to the Securities and Exchange Commission (the "SEC") on Dec 08, 2022.

Based on the presence in person or by proxy of holders of our outstanding ordinary shares (including ordinary shares represented by American Depositary Shares) constituting a quorum, the following proposals (Proposals 1 through 3 described in the Notice and Proxy Statement) were presented to our shareholders, with the following results based on the requisite majorities for approval of each such proposal under the Israeli Companies Law, 5759-1999 (the "Companies Law"):

1.

Approval of an amended and restated compensation policy, subject to, and in accordance with, the provisions of the Companies Law: not approved;

2.

Re-approval of an award of equity-based compensation to our chief executive officer, Mr. Guy Bernstein: not approved; and

3.

Approval of the re-appointment of Kost Forer Gabbay & Kasierer, registered public accounting firm, a member of Ernst & Young Global, as our independent registered public accounting firm for the year ended December 31, 2022 and until our next annual general meeting of shareholders, and authorization of the Board and/or its audit committee to fix the compensation for such independent registered public accountants in accordance with the volume and nature of their services: approved.