SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
F O R M 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 2008
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(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.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-________
TAT Technologies Ltd.
6-K Items
1. Immediate Report Announcing the Results of the Annual General Meeting
of Shareholders.
ITEM 1
To: Israeli Securities Authority To: Tel Aviv Stock Exchange
RE.: Immediate Report Announcing the Results of the Annual General Meeting of
Shareholders
------------
The Annual General Meeting ( the"Meeting") of shareholders of TAT Technologies
Ltd. (the "Company") was held at the Company's Offices at Re'em Industrial Park,
Neta Boulevard, Bnei Ayish, Gedera, Israel on Monday, August 18, 2008 at 10:00am
local time. Shareholders holding 4,955,872 ordinary shares of the Company, par
value of NIS 0.9 per share, were represented in person or by proxy at the
Meeting, constituting a quorum.
Discussion and resolutions:
1. The Company's auditor's report and consolidated financial statements for
the year ended December 31, 2007 were reviewed and discussed.
2. The reelection of Mr. Giora Inbar was approved by the majority of the
ordinary shares voted on the matter.
Number of shares voted on the matter - 4,775,914.
Number of shares voted in favor of the resolution - 4,753,398,
approximately 99.53% of the total shares voted on the matter.
3. The reelection of Mr. Avraham Ortal was approved by the majority of the
ordinary shares voted on the matter.
Number of shares voted on the matter - 4,775,914.
Number of shares voted in favor of the resolution - 4,753,372,
approximately 99.53% of the total shares voted on the matter.
4. The reelection of Mr. Eran Saar was approved by the majority of the
ordinary shares voted on the matter.
Number of shares voted on the matter - 4,775,914.
Number of shares voted in favor of the resolution - 4,753,372,
approximately 99.53% of the total shares voted on the matter.
5. The reelection of Ms. Daniella Zoler was approved by the majority of the
ordinary shares voted on the matter.
Number of shares voted on the matter -4,775,964.
Number of shares voted in favor of the resolution -4,755,667, approximately
99.57% of the total shares voted on the matter.
6. The election of Mr. Avraham Shani as an outside director, for an initial
three-year term expiring at the Company's 2011 Annual General Meeting of
Shareholders, was approved in accordance with Section 239 of the Israeli
Companies Law, 1999.
Number of shares voted on the matter - 4,775,739.
Number of shares of non-controlling shareholders voted on the matter -
270,788.
Number of shares voted in favor of the resolution - 4,708,198,
approximately 99.58% of the total shares voted on the matter.
Number of shares voted against the resolution - 67,541, approximately 1.41%
of the total shares voted on the matter.
The percentage of non-controlling shares who voted for the resolution out
of all the non-controlling shares voted on the matter was approximately
75.05%.
The percentage of non-controlling shares who voted against the resolution
out of all the voting rights in the Company was approximately 1.03%.
Mr. Michael Shevi's term of service as the Company's outside director was
terminated as of the date of the election of Mr. Shani.
7. The agreement by and between the Company and TAT Industries Ltd., the
Company's controlling shareholder, for the purchase of 15% of the
outstanding ordinary shares of Bental Industries Ltd. from TAT Industries,
was approved in accordance with Section 275 of the Israeli Companies Law,
1999.
Number of shares voted on the matter - 4,837,524.
Number of shares of non-interested shareholders voted on the matter
-309,516
Number of shares voted in favor of the resolution - 4,806,571,
approximately 99.40%.
of the total shares voted on the matter.
Number of shares voted against the resolution - 30,953, approximately 0.64%
of the total shares voted on the matter.
The percentage of non-interested shares who voted for the resolution out of
all the non-interested shares voted on the matter was approximately 89.99%.
The percentage of non-interested shares who voted against the resolution
out of all the voting rights in the Company was approximately 0.47%.
It should be noted that in counting the votes with respect to this matter
the Company did not consider votes of shareholders who did not indicate
whether they had personal interest in the transaction or not. In addition,
in some cases the Company could not determine whether shareholders who
indicated they had a personal interest voted against or for the
transaction. In these cases the Company assumed that all of the
shareholders who voted against the resolution indicated whether they had
personal interest in the transaction or not, and all of the shareholders
who indicated they had a personal interest voted for the resolution.
However, regardless of the abovementioned assumptions, the resolution was
approved in accordance with section 275 of the Israeli Companies Law, 1999,
since the percentage of non-interested shares who voted against the
resolution out of all the voting rights in the Company was less than 1%.
Further to the shareholders approval of the resolution above, on August 18,
2008 the purchase of the shares of Bental Industries Ltd. from TAT
Industries Ltd. was completed. Currently, the Company holds 52% of the
outstanding shares of Bental Industries Ltd. and holds an option to
purchase an additional 18% of the outstanding shares of Bental Industries
Ltd.
8. The majority of the ordinary shares represented at the Meeting approved the
reappointment Baker Tilly Oren Horowitz & Co., C.P.A., members of Baker
Tilly International, as the Company's independent registered public
accountants for the fiscal year ending December 31, 2008, and to authorize
the Company's Board of Directors to determine their remuneration.
Number of shares voted on the matter - 4,732,028.
Number of shares voted in favor of the resolution - 4,727,097,
approximately 99.89% of the total shares voted on the matter.
TAT Technologies Ltd.
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.
TAT TECHNOLOGIES LTD.
---------------------
(Registrant)
By: /s/Shmuel Fledel
----------------
Shmuel Fledel
Chief Executive Officer
Date: August 21, 2008