Senvest CEO Victor Mashaal dies

Mr. George Malikotsis reports SENVEST CAPITAL INC. ANNOUNCES DEATH OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD Senvest Capital Inc.'s founder and long-time leader, Victor Mashaal, who served as president, chief executive officer and chairman of the board of directors, has passed away. Victor Mashaal passed away at the age of 87 following a brief illness. He was a deeply respected and admired leader and a mentor to the entire Senvest family. He will be greatly missed. Richard Mashaal, director and vice-president of the corporation, stated: "We all mourn the loss of a great man. My father founded the corporation in 1968. The firm began with an initial investment of $10,000 to purchase the Canadian rights to Sensormatic Electronics Corp.'s anti-shoplifting products. He pioneered this industry in Canada, as well as the Canadian pay TV industry through an investment in First Choice Communications, where he also served as chief executive officer. He guided the corporation through a series of transformations that ensured its continued success across evolving economies and business cycles. We all owe him a debt of gratitude for his exceptional business acumen and his caring, nurturing nature as a person." In recognition of his passing, Senvest's Montreal offices will be closed through Jan. 5, 2026. On an interim basis, Victor Mashaal's duties as president and chief executive officer will be jointly assumed by Richard Mashaal and George Malikotsis, vice-president, finance, in addition to their current roles. His duties as chairman will be assumed on an interim basis by Frank Daniel, current board member and secretary treasurer. In addition, the vacancy on the board created by Victor Mashaal's passing will be filled by Mr. Malikotsis.