Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 119

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 8
Chunk 119
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, principally alleging that the Board breached its duties by allowing the Company to make material misrepresentations and/or omissions in various public disclosures concerning the Company’s search advertising business and partnership with Microsoft Bing (the “Derivative Action”).  The Derivative Action is currently pending.  The Company also disputes the allegations of wrongdoing and intends to defend against them vigorously.

From time to time, we or our subsidiaries may be a party to legal proceedings and claims in the ordinary course of business. The outcome of such matters cannot be predicted with certainty.
 
Policy on Dividend Distribution
 
It is currently our policy not to distribute dividends.
 
 
B.   SIGNIFICANT CHANGES
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None.