Freightos Ltd 6-K, filed Aug 4, 2025
Freightos Ltd (CRGO)
About this 6-K
Freightos Ltd filed this 6-K on August 4, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2025
Commission File Number: 001-41604
Freightos Limited
(Translation of registrant's name into English)
Planta 10, Avda. Diagonal, 211
Barcelona, Spain 08018
(Address of principal executive office)
| Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: | ||
| x Form 20-F | ¨ Form 40-F | |
CONTENTS
Appointment of Independent Chairman of the Board
On July 28, 2025, the Board of Directors (the “Board”) of Freightos Limited (the “Company”) appointed Udo Lange as the Company’s independent Chairman of the Board. Zvi Schreiber will remain as the Company’s Chief Executive Officer while relinquishing the role of Chairman of the Board to Dr. Lange.
Dr. Lange, currently CEO of Oslo-listed Stolt-Nielsen and a Freightos Board member since 2019, has over 30 years of logistics leadership spanning international, ground, courier, and contract logistics. His experience includes roles as FedEx President of Healthcare, Logistics and Americas International, membership on the FedEx Senior Management Committee, and advising the White House Supply Chain Disruption Task Force.
The Board has determined that Dr. Lange is an independent director under the Nasdaq Listing Rules. As annual compensation for his service as independent Chairman of the Board, Dr. Lange will receive a quarterly cash retainer of $12,500 and an annual grant of restricted share units (“RSUs”) with an approximate value of $50,000 that will vest on a quarterly basis throughout the year. Upon Dr. Lange’s appointment, the Board approved for him a grant of 508 RSUs that will vest on October 1, 2025. The Board has also granted Dr. Lange an initial, one-time grant of RSUs with an approximate value of $300,000 that will vest over five years (a maximum of 121,655 RSUs). The first tranche of 24,431 RSUs will vest on July 28, 2026. In subsequent years, the number of RSUs that will vest will be determined based on an annual value of $60,000, divided by a value per RSU equal to the 30-day average closing price prior to each vesting date, but not lower than $2.46, the 30-day average closing price of the Company’s shares on July 28, 2025. As an additional initial, one-time grant, Dr. Lange received 300,000 total stock options to purchase the Company’s ordinary shares, with a seven-year exercise term; one-third of the options will have exercise prices of $5.00, $10.00 and $15.00 per share, respectively. Each of the three tranches of stock options will vest in three equal annual installments over three years (with the first vesting date being July 28, 2026), and the options are only exercisable if the 30-day average closing price of the Company’s ordinary shares immediately prior to the time of exercise exceeds the exercise price.
Appointment of New Board Member
On July 28, 2025, the Board furthermore appointed a new director, Rotem Hershko, to the Board, effective immediately. Mr. Hershko will fill the vacancy on the Board created by the resignation of Michael Eisenberg, which became effective on July 1, 2025. The Board has determined that Mr. Hershko is an independent director under the Nasdaq Listing Rules. There are no arrangements or understandings between Mr. Hershko and any other persons pursuant to which he was appointed as a director. As compensation for his service, Mr. Hershko was granted 7,550 RSUs that will vest in their entirety on October 1, 2025. It is furthermore expected that he will receive the compensation paid to the Company’s other non-employee directors going forward.
Mr. Hershko’s biographical information appears below:
Since October 2024, Rotem Hershko has been a Senior Advisor at McKinsey & Co., a global management consulting firm, advising global clients on digital transformation initiatives, leveraging cutting-edge GenAI technologies to accelerate and optimize product and software development, fostering innovation, efficiency, and competitive advantage. He previously served in various roles at A.P. Moller-Maersk, including as EVP, Chief Product Officer - Logistics & Services from January 2023 until October 2024 and as Senior Vice President and Head of Digital Product Management (Business Platforms) from November 2020 until January 2023. Before joining Maersk, Mr. Hershko worked at Amazon in various capacities of increasing responsibility, including as Director of Product Management/Software and Development and GM - Amazon Global from 2017 to 2020. He holds a Master of Business Administration (MBA) from Columbia Business School and earned his Bachelor of Laws (LLB) from The Hebrew University of Jerusalem.
Press Release
On August 4, 2025, the Company issued a press release announcing Mr. Hershko’s appointment to the Board and Dr. Lange’s appointment as independent Chairman. A copy of that press release serves as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”).
Exhibits
| Exhibit 99.1 | Press release, dated August 4, 2025, entitled “Freightos Expands Board of Directors, Adding Rotem Hershko and Appointing Udo Lange as Chairman” |
Incorporation by Reference
The information in this Form 6-K (but excluding Exhibit 99.1 hereto) is hereby incorporated by reference into the Company’s registration statements on Form S-8 (File No. 333-270303) and Form F-3 (File No. 333-280302), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| FREIGHTOS LIMITED | ||
| Date: August 4, 2025 | ||
| /s/ Michael Oberlander | ||
| Name: | Michael Oberlander | |
| Title: | General Counsel | |
Exhibit 99.1
Freightos Expands Board of Directors, Adding Rotem Hershko and Appointing Udo Lange as Chairman
Seasoned Leaders from FedEx, Maersk, and Amazon to Strengthen Freightos’ Digital Freight Vision
(Barcelona, SPAIN – August 4, 2025) – Freightos (NASDAQ: CRGO), the leading vendor-neutral global freight booking and payment platform, today announced that Udo Lange, who joined the board in 2019, was appointed Non-Executive Chairman and that Rotem Hershko joined as a Director, both effective July 28, 2025.
Lange, currently CEO of Oslo-listed Stolt-Nielsen and a Freightos board member since 2019, has over 30 years of logistics leadership spanning international, ground, courier, and contract logistics. His experience includes roles as FedEx President of Healthcare, Logistics and Americas International, membership on the FedEx Senior Management Committee, and advising the White House Supply Chain Disruption Task Force.
"I am honored that Zvi and the Freightos Board elected me as non-executive chairman," said Lange. Together with Zvi and the Freightos team, the board and I are excited to continue to steer the company on its next chapter for end-to-end global freight digitization, spanning shippers, forwarders and carriers. Freightos’ recent strategic acquisition of Shipsta and launch of Freightos Enterprise reflects the company’s role as the leading digital logistics platform, positioning it as a key innovator in the digital logistics space."
Hershko joins the board with a unique combination of platform, technology and logistics expertise from leadership roles at Maersk and Amazon. As Director of Product at Amazon Global, he owned multibillion-dollar P&Ls spanning global e-commerce operations. Afterwards, as Chief Product Officer at A.P. Moller - Maersk, he led a pivotal digital transformation while building a digital product organization of thousands. He currently serves as Senior Advisor at McKinsey & Company.
"Rotem's transformative platform experience at Amazon and Maersk brings a unique perspective on the intersection of technology, logistics and the platform at the heart of Freightos," said Zvi Schreiber, CEO of Freightos. "Combined with Udo's elevation to Chairman after years of invaluable contributions to our board, these appointments will strengthen our board of directors as we scale our digital platform."
"Throughout my career, I've focused on better connecting the world through technology and logistics innovation," said Hershko. "I'm excited to contribute to Freightos' mission to create the neutral digital platform that connects the entire value chain, making global trade more efficient and accessible for businesses of all sizes."
Freightos has continued to make strides in connecting players across the supply chain, recently announcing an annualized run rate of over 1.5 million platform transactions, following 22 quarters of consecutive transaction growth. The company also continues to add key customers including forwarders, airlines, ground providers, and multinational BCOs, and recently launched its Freightos Enterprise solution for multinational importers and exporters.
###
About Freightos
Freightos® (Nasdaq: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade efficient, agile, and resilient.
The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for businesses of all shapes and sizes around the globe. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers and exporters, WebCargo and 7LFreight by WebCargo for freight forwarders, WebCargo for Airlines, and Clearit, a digital customs broker.
Freightos is a leading provider of real-time industry data via Freightos Terminal, which includes the world’s leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. Futures of FBX are traded on CME and SGX.
More information is available at freightos.com/investors.
Media Contact
Tali Aronsky
PR Lead, Freightos
tali.aronsky@freightos.com
+972-55-666-4371
Investor Contact
Anat Earon-Heilborn
ir@freightos.com