Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
01 December 2023 - 5:14AM
Edgar (US Regulatory)
Commence
SECURITIES AND EXCHANGE COMMISSION
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 001-32618
Ituran Location and Control Ltd.
(Exact name of Registrant as specified in its Charter)
3 Hashikma Street, Azour 58001, Israel
(Address of Registrant’s principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Form 20-F ☒ Form 40-F ☐
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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):
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Yes ☐ No ☒
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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):
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Yes ☐ No ☒
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On November 30, 2023, Ituran Location and Control Ltd. issued a press release announcing the annual general meeting results. A copy of this press release is annexed hereto as
Exhibit 99.1.
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, thereto duly authorized.
ITURAN LOCATION & CONTROL LTD.
(Registrant)
By: /s/ Eyal Sheratzky
Name: Eyal Sheratzky
Title: Co-Chief Executive Officer
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Date: November 30, 2023
EXHIBIT INDEX
4
Exhibit 99.1
Ituran Location and Control Ltd. Announces the Annual General Meeting’s results
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AZOUR, Israel –
November 30, 2023 – Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced that on November 30, 2023, Ituran Location and Control LTD held an
Annual General Meeting which approved the following:
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(1)
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To renew the appointment of the firm of Fahn Kanne & co. (a member firm of Grant Thornton international) as the Company’s independent auditors for the year ending December 31, 2023 and
until the Company’s next annual general meeting.
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The above was approved by 12,474,094 votes (96.06%). 510,634 votes opposed (3.94.%) and 754 votes abstained.
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(2)
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To elect the following persons to serve as Directors in Class B for an additional period until the third succeeding Annual General Meeting thereafter:
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2.1
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Mr. Nir Sheratzky – approved by 9,578,684 votes (73.77%). 3,405,966 votes (26.23%) opposed and 833 votes abstained.
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2.2
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Mr. Yigal Shani – approved by 11,249,734 votes (86.63%). 1,734,968 votes (13.37 %) opposed and 781 votes
abstained.
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2.3
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Mr. Yehuda Kahane– approved by 9,577,852 votes (73.77%). 3,406,798 (26.23%) opposed and 833 votes abstained.
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(3)
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To re-elect Mr. Israel Baron as External Director for the Company, to office for an additional term of three years, which will commence on December 21, 2023.
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The above was approved by 12,358,686 votes (95.18%) 625,556 votes opposed (4.82%) and 1,241 votes abstained, with majority of "non interested" Shareholders.
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(4)
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To approve the Claw Back Policy of the Company that was approved by the Board of directors.
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The above was approved by 12,946,620 votes (99.94%). 7,611 votes opposed (0.06%) and 31,251 votes abstained, with a majority of Shareholders not having "personal interest" in the approval
of the policy.
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Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full
suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and
car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the
development of smart mobility technology.
Ituran's subscriber base has been growing significantly since the Company's inception to approaching 2 million subscribers using its location-based services with a market leading position in Israel
and Latin America. Established in 1995, Ituran has approximately 2,700 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.
For more information, please visit Ituran’s website, at: www.ituran.com
Company Contact
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International Investor Relations |
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Udi Mizrahi (udi_m@ituran.com)
VP Finance, Ituran
(Israel) +972 3 557 1348
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Ehud Helft/Gavriel Frohwein (ituran@gkir.com)
GK Investor Relations
(US) +1 646 688 3559
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