Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 108

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 6
Chunk 108
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 and proper business procedure. The internal auditor may be an employee of the company employed specifically to perform internal audit functions but may not be an interested party or office holder, or a relative of any interested party or office holder, and may not be a member of the company’s independent accounting firm or its representative. The Companies Law defines an interested party as a substantial shareholder of 5% or more of the shares or voting rights of a company, any person or entity that has the right to nominate or appoint at least one director or the general manager of the company or any person who serves as a director or as the general manager of a company. The internal auditor’s term of office shall not be terminated without his or her consent, nor shall he or she be suspended from such position unless the board of directors has so resolved after hearing the opinion of the audit committee and after giving the internal auditor a reasonable opportunity to present his or her position to the board and to the audit committee. Our internal auditor is Ms. Tali Yaron, CPA, of Brightman Almagor Zohar & Co., a member of Deloitte Touche Tohmatsu.

D.   EMPLOYEES
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The breakdown of our employees, by department, as of the end of each of the past three fiscal years is as follows:
 

                                              December 31,            
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                             2022            2023            2024     
Cost of sales                       91             129             152
Research and development           121             158             135
Selling and marketing              150             170             136
General and administration          78             104             105
Total                              440             561             528
 
As of December 31, 2024, we had 528 employees globally, from whom 186 were located in Israel, 169 were located in the United States, 110 were located in Canada, 40 were located in Europe and 23 of our employees were located across APAC. As of December 31, 2024, we also engaged the services of 126 contractors in different locations through a third-party service organization.
 
We provide our employees around the world with fringe benefits in accordance with applicable law and we are subject to various labor laws and labor practices around the world. In Israel we are subject to certain labor statutes and national labor court precedent rulings, as well as to some provisions of the collective bargaining agreements. These provisions of collective bargaining agreements apply to our Israeli employees by