Research analysts who have asked questions during ZIM Integrated Shipping Services earnings calls.
Omar Nokta
Jefferies
6 questions for ZIM
Also covers: AMKBY, ASC, CCEC +21 more
AD
Alexia Dogani
JPMorgan Chase & Co.
5 questions for ZIM
Also covers: AMKBY, ROYMY
CD
Chloe D
Citigroup Global Markets Inc.
2 questions for ZIM
ML
Marco Lemitte
Barclays
2 questions for ZIM
Marco Limite
Barclays
2 questions for ZIM
Also covers: AMKBY
MK
Muneeba Kayani
Bank of America
2 questions for ZIM
Also covers: AFLYY, AMKBY, DLAKY +2 more
CF
Chloe Foo
Citigroup Inc.
1 question for ZIM
SS
Sathish Sivakumar
Citigroup Inc.
1 question for ZIM
Also covers: AFLYY, AMKBY, DLAKY +2 more
Recent press releases and 8-K filings for ZIM.
ZIM Board Updates on Strategic Review, Declines Management Buyout Proposal
ZIM
M&A
Takeover Bid
- The ZIM Board of Directors is currently evaluating competitive proposals from multiple strategic parties for the acquisition of all outstanding ordinary shares, as part of an ongoing strategic review process.
- The Board declined a revised proposal from an entity owned by CEO Eli Glickman and Rami Ungar, concluding it significantly undervalued the Company.
- The strategic review is in advanced stages and includes considering a potential sale of the Company to maximize shareholder value.
- There is no assurance that any transaction will occur as a result of this review.
Dec 22, 2025, 9:08 PM
ZIM Board Updates on Strategic Review Process
ZIM
M&A
Takeover Bid
- ZIM's Board of Directors is evaluating multiple competitive proposals from strategic parties for the acquisition of all outstanding ordinary shares of the company.
- A revised proposal from an entity owned by CEO Eli Glickman and Rami Ungar was declined by the Board, as it was deemed to significantly undervalue the company.
- The strategic review is in advanced stages and includes considering potential value creation alternatives, such as a sale of the company and capital allocation, to maximize shareholder value.
- There is no assurance that any transaction will occur as a result of this review, and the Board does not intend to provide additional updates until an agreement is reached or the review is completed.
Dec 22, 2025, 9:05 PM
ZIM Receives Favorable Proxy Advisor Recommendations from Glass Lewis and ISS
ZIM
Proxy Vote Outcomes
Board Change
- Leading independent proxy advisory firm Glass Lewis recommended shareholders vote FOR all eight of ZIM's director nominees and AGAINST all three dissident nominees for the Annual General Meeting on December 26, 2025.
- This recommendation follows earlier advice from Institutional Shareholder Services (ISS), with both firms concluding that ZIM's current Board is the right team to oversee the ongoing strategic review.
- Glass Lewis affirmed the Board's steps reflect "a disciplined and impartial process" and found no compelling or substantiated case from the Dissident Group for Board change.
- ZIM's Board is overseeing a broad, comprehensive, and independent strategic review, with management fully excluded from evaluating any value-maximizing alternatives under consideration.
Dec 15, 2025, 12:00 PM
ZIM: Glass Lewis Recommends Voting For Company's Director Nominees
ZIM
Proxy Vote Outcomes
Board Change
- Leading independent proxy advisory firm Glass Lewis has recommended that ZIM shareholders vote FOR all eight of ZIM's director nominees and AGAINST all three dissident nominees for the Annual General Meeting on December 26, 2025.
- This recommendation aligns with an earlier endorsement from Institutional Shareholder Services (ISS), with both firms concluding that ZIM's current Board is the appropriate team to oversee the company's ongoing strategic review.
- Glass Lewis found no evidence of a flawed or conflicted process in the Board's strategic review and affirmed that the Dissident Group has not presented a compelling case for Board change.
- ZIM's Board is conducting a broad, comprehensive, and independent strategic review, led exclusively by independent Board members, with management fully excluded from evaluating any value-maximizing alternatives under consideration.
Dec 14, 2025, 9:30 PM
ZIM Integrated Shipping Services Ltd. Shareholders Issue Position Statement Ahead of Meeting
ZIM
Board Change
Takeover Bid
Executive Compensation
- A group of institutional investors and shareholders, holding more than 8% of ZIM Integrated Shipping Services Ltd.'s shares, has issued a position statement ahead of the December 26, 2025, annual and extraordinary general meeting.
- The group highlights a significant disparity between the company's market value and its asset value, noting cash balances of $3 billion compared to a market value of $1.9 billion as of November 11, 2025.
- Concerns are raised regarding a reported Management Buyout (MBO) proposal by CEO Eli Glickman and Rami Ungar to acquire the company for approximately $2.4 billion, or $20 per share, which the group views as significantly undervalued and a conflict of interest.
- The shareholders are proposing the appointment of three independent director candidates \u2014 Dr. Keren Bar-Hava, Mr. Ron Hadassi, and Mr. Ran Gritzerstein \u2014 to the Board of Directors and oppose the proposed executive compensation policy.
- The statement also alleges corporate governance failures, including a lack of transparency and inadequate disclosure from the company regarding the MBO proposal and recent director changes.
Dec 10, 2025, 9:05 PM
ZIM Board Conducts Strategic Review Amidst Proxy Contest
ZIM
M&A
Proxy Vote Outcomes
Dividends
- ZIM's Board is conducting an ongoing strategic review to maximize shareholder value, initiated after rejecting an unsolicited, non-binding proposal from the Company's CEO and President, Eli Glickman, and Rami Ungar, as it materially undervalued the Company.
- The Board has received indications of interest from multiple parties, including strategic interest, and is rigorously evaluating all potential alternatives.
- The company is engaged in a proxy contest, with the Board urging shareholders to vote for its eight director nominees and against a dissident group's nominees, a recommendation supported by Institutional Shareholder Services (ISS).
- Since its IPO, ZIM has returned $5.7 billion in dividends (over $47 per share) and increased its book equity to approximately $4.0 billion, demonstrating strong financial performance and a disciplined capital return policy.
Dec 9, 2025, 2:08 PM
ZIM Board of Directors Updates on Strategic Review Process
ZIM
M&A
Board Change
Takeover Bid
- ZIM Integrated Shipping Services Ltd.'s Board of Directors is conducting an ongoing strategic review of alternatives aimed at maximizing shareholder value.
- The review was prompted by a preliminary, non-binding proposal to acquire all outstanding ordinary shares from the Company's Chief Executive Officer and President, Eli Glickman, and Rami Ungar.
- The strategic review includes the consideration of a potential sale of the Company and capital allocation opportunities, and the Board has received indications of interest from multiple parties.
- To support this process, ZIM's Board of Directors has engaged Evercore as its financial advisor and Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel.
- The Board recently appointed two new independent directors, Yair Avidan and Dr. Yoram Turbowicz, to enhance its financial and transactional expertise.
Nov 25, 2025, 12:05 PM
ZIM Board Updates on Strategic Review Process
ZIM
M&A
Takeover Bid
- ZIM's Board of Directors is conducting a strategic review of alternatives to maximize shareholder value, prompted by a preliminary, non-binding proposal to acquire all outstanding ordinary shares from the Company's CEO and President.
- The review, which has been ongoing for several months, includes considering a sale of the Company and capital allocation/return opportunities, and the Board has received indications of interest from multiple parties.
- The Board has engaged Evercore as its financial advisor and Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel for this review.
- There is no assurance that any transaction will occur as a result of this review, and the Board does not expect to provide updates until an agreement is reached or the review is completed.
Nov 25, 2025, 12:00 PM
ZIM Reports Q3 2025 Results and Updates Full-Year Guidance
ZIM
Earnings
Guidance Update
Dividends
- ZIM reported Q3 2025 revenue of $1.8 billion and net income of $123 million, with an adjusted EBITDA of $593 million and an adjusted EBIT of $260 million.
- The company declared a dividend of $0.31 per share, representing 30% of its third-quarter net income, and reiterated its policy to distribute 30% of quarterly net profit.
- ZIM updated its full-year 2025 guidance, now expecting adjusted EBITDA between $2 billion and $2.2 billion and adjusted EBIT between $700 million and $900 million, reflecting performance year-to-date despite continued market uncertainty.
- The company is preparing for a potential return to the Suez Canal, which could improve fleet efficiency but also increase effective supply and pressure freight rates, while continuing to manage its fleet by redelivering 22 vessels in 2025 due to a cautious market outlook.
Nov 20, 2025, 1:00 PM
ZIM Reports Q3 2025 Results, Updates Guidance, and Declares Dividend
ZIM
Earnings
Guidance Update
Dividends
- ZIM reported Q3 2025 revenue of $1.8 billion, net income of $123 million, adjusted EBITDA of $593 million, and adjusted EBIT of $260 million.
- The Board of Directors declared a dividend of $0.31 per share, totaling approximately $37 million, representing 30% of Q3 net income.
- The company updated its full-year 2025 guidance, raising the lower end of adjusted EBITDA to a range of $2 billion to $2.2 billion and adjusting adjusted EBIT to $700 million to $900 million, despite a weaker Q4 trend.
- ZIM is preparing for an "increasingly likely" return to the Suez Canal and continues to manage its fleet by redelivering 22 vessels in 2025, anticipating continued pressure on freight rates into 2026 due to supply growth outpacing demand.
Nov 20, 2025, 1:00 PM
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