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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: SEPTEMBER 1, 2000
MEDIS TECHNOLOGIES LTD.
(Exact name of Registrant as specified in its charter)
DELAWARE 0-30391 13-3669062
(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
805 THIRD AVENUE
NEW YORK, NEW YORK 10022
(Address of principal executive offices)
Registrant's telephone number: (212) 935-8484
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ITEM 5. OTHER EVENTS
On September 1, 2000, Medis Technologies Ltd. (the "Registrant") increased
the size of its board of directors from six to eight members and appointed two
new directors to fill the newly created vacancies, pursuant to authority
provided to the board by the Registrant's By-Laws. Each newly appointed board
member will hold office until such director's successor will have been duly
elected and qualified or until such director's earlier death, resignation,
disqualification or removal.
The newly appointed board members are J.E. Goldman and Seymour
Heinberg. Each of Messrs. Goldman and Heinberg meet the independence
and experience requirements of The Nasdaq Stock Market, and are further
appointed to the Registrant's audit committee of the board of directors.
Mr. Goldman has over 50 years of science, technology and business
experience. He is chairman of the board of Umbanet, Inc., a software
company providing secure e-mail solutions, and is currently on the board
of directors of Bank Leumi Trust Co. USA. From 1983 to 1994, Mr.
Goldman founded and was the chairman and chief executive officer of
Softstrip Inc. From 1968 to 1983, Mr. Goldman was the senior vice
president-research and development and general manager-electro-optical
systems division and medical diagnostics operation of Xerox Corp., where
he also served on Xerox's board of directors from 1970 to 1982. He has
also served on the boards of General Instrument Co., GAF Inc., Burndy
Corp. and United Brands. Mr. Goldman has been a consultant to
government agencies and companies including the US Department of
Defense, Brookhaven and Oak Ridge National Laboratories, US Steel and
Westinghouse Atomic Power Division. He has also served on numerous
government and professional advisory boards and committees. Mr. Goldman
received his Ph.D. in physics from the University of Pennsylvania.
Seymour Heinberg has over 50 years of experience as a certified public
accountant. Mr. Heinberg was principal of Seymour Heinberg, CPA, PC from 1973
until 1992, when that firm merged with Edward Isaacs & Co. LLP., where he is now
a retired partner. Prior to that, he was a general partner in the public
accounting firm Escoe & Heinberg from 1951 to 1973.
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SIGNATURES
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 hereunto duly authorized.
Dated: September 14, 2000
MEDIS TECHNOLOGIES LTD.
By: /s/ ROBERT K. LIFTON
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Name: Robert K. Lifton
Title: Chairman and Chief Executive Officer
