<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of May, 2000
Koor Industries Ltd.
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(Translation of registrant's name into English)
21 Ha'arba'ah Street, Tel Aviv 64739, Israel
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(Address of principal executive offices)
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
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form 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
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
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 thereunto duly authorized.
/s/ Shlomo Heller
----------------------------------------
By: Shlomo Heller
Title: General Counsel and
Company Secretary
Dated: May 23, 2000
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Exhibit Description
A. Translation from Hebrew to English of an Immediate Report (the
"Report"), which was served on the Israeli Securities Authority,
The Tel-Aviv Stock Exchange Ltd. and the Registrar of Companies,
on May 17, 2000, regarding the agreement with Electric Fuel
Corporation.
B. Translation from Hebrew to English of an Immediate Report (the
"Report"), which was served on the Israeli Securities Authority,
The Tel-Aviv Stock Exchange Ltd. and the Registrar of Companies,
on May 17, 2000, regarding the acquisition of Koor Shares and the
writing of put options.
C. Translation from Hebrew to English of an Immediate Report (the
"Report"), which was served on the Israeli Securities Authority,
The Tel-Aviv Stock Exchange Ltd. and the Registrar of Companies,
on May 17, 2000, the changes in the share holdings of an
interested party.
[Koor Letterhead]
EXHIBIT A
May 17, 2000
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
Tel Aviv 65202
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report - Koor Industries Ltd. (NO. 31/2000)
Company No. 52-001414-3
Further to Immediate report number 12/2000, attached hereto, Koor Industries
Ltd. (hereinafter: "Koor") announces that this afternoon an agreement was signed
which states as follows:
The agreement dated March 15, 2000 to sell Tadiran Ltd.'s holdings in Tadiran
Batteries Ltd. to Electric Fuel Corporation (hereinafter: "EFC") was cancelled
by agreement of all parties.
As for Koor's investment in EFC (see attached immediate report) it was agreed
upon that Koor will invest in EFC a total sum of 10 million dollars and in
return will be given 5.3%(after dilution as a result of this share issue) of
EFC's capital shares. Koor's holdings percentage may reach, in the next six
month from the date of signing this agreement, 7.7% (without the need for an
additional investment), depending on adjustments, if any, due to the share price
in the stock market and additional issues of shares by EFC.
Yours sincerely,
Shlomo Heller, Adv.
Legal Counsel
<PAGE>
[Koor Letterhead]
March 16, 2000
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
Tel Aviv 65202
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Fax: 02-6513940 Fax: 03-5105379
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Dear Sirs,
Re: Immediate Report - Koor Industries Ltd. (NO. 12/2000)
Company No. 52-001414-3
Koor Industries Ltd. hereby announces the following:
Yesterday, an Agreement was signed between Tadiran Ltd. (hereinafter "Tadiran",
a wholly owned subsidiary of Koor) and Electric Fuel Corporation (hereinafter:
"EFC"), a public company registered in the State of Delaware, USA, which shares
are traded in NASDAQ.
According to the Agreement, Tadiran will transfer all of its holdings (100%) in
Tadiran Batteries Ltd. (hereinafter: "Batteries") to EFC, and in consideration
EFC will issue to Tadiran a total of 2,335,767 shares (subject to adjustments,
in accordance with the price of the share on the market during a period defined
in the Agreement). Parallel to that, at the time the transaction is executed,
Koor will invest in EFC the total sum of 10.5 million dollars and in
consideration EFC will issue to Koor a total of 613,139 shares.
After the issuance of shares is executed, Koor will hold, directly and
indirectly, approximately 14% of EFC's capital share and Koor will have the
right to appoint a Director in EFC's board of directors.
EFC's Share price at the end of yesterday's business day was 18.125 dollars per
share, and in accordance, the return in shares received by Tadiran for Batteries
equals 42.3 million dollars.
The completion of this transaction is dependent on various approvals, including
the approval of the Restrictive Trade Commissioner.
Yours sincerely,
Shlomo Heller, Adv.
[Koor Letterhead]
EXHIBIT B
May 17, 2000
The Securities Authority The Tel Aviv Stock The Registrar of Companies
22 Kanfei Nesharim St. Exchange 97 Yafo St.
Jerusalem 95464 54 Ahad Ha'am St. Jerusalem 91007
Tel Aviv 65202
- --------------- --------------- ---------------
Fax: 02-6513940 Fax: 03-5105379
- --------------- ---------------
Dear Sirs,
Re: Immediate Report - Koor Industries Ltd. (NO. 32/2000)
Company No. 52-001414-3
Koor Industries Ltd. (hereinafter: "Koor") hereby announces the following:
1. On May 11, 2000 Koor acquired, during regular trading in the Stock Exchange,
various quantities at various rates, of ordinary shares (value of 0.001NIS per
share) of Koor. The total shares acquired this day were 13,519 for a total sum
of 5,236,241.80 NIS. (the closing price of said shares on this day was 38,900)
Further on May 14, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were 23,764 for
a total sum of 9,500,059.90 NIS. (the closing price of said shares on this day
was 40,080)
Further on May 15, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were 20,822 for
a total sum of 8,409,063.70 NIS. (the closing price of said shares on this day
was 40,480)
Further on May 16, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were 12,910 for
a total sum of 5,254,894.50 NIS. (the closing price of said shares on this day
was 40,710)
As stated, Koor acquired a total of 71,015 ordinary shares, which represent 0.4%
of its issued share capital.
2. On May 12, 2000, Koor wrote a put option in consideration of NIS 1.9 million,
which can be exercised on August 14, 2000, for 115,000 ordinary shares of Koor,
at an exercise price of $92.949 per one ordinary share.
Yours sincerely,
Shlomo Heller, Adv.
Legal Counsel
<TABLE>
<CAPTION>
EXHIBIT C
Immediate Report in Connection with Changes in the Share Holdings of an Interested Party
In terms of the Regulations under the Securities Law
[Immediate and Periodical Reports], 1970
May 17, 2000
The Securities Authority The Tel Aviv Stock Exchange The Registrar of Companies
22 Kanfei Nesharim St. 54 Ahad Ha'am St. 97 Yafo St.
Jerusalem 95464 Tel Aviv 65202 Jerusalem 91007
Fax: 02-6513940 Fax: 03-5105379
Re: Immediate Report - Koor Industries Ltd. (NO. 33/2000)
Company No. 52-001414-3
==================== ========================= =================================================================================
Interested Party Security Details of changes in holding of security
==================== ========================= =================================================================================
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Name of Identity Securities Name and type Reason Date of change Transaction Previous Increase New Percentage after
Interested number No. of security for value number (+) or number transaction
Party registered registered change of decrease of
on the holdings (-) holdings
Tel Aviv
Stock
Exchange
==================== ========================= =================================================================================
Day Month Year Capital Voting
==================== ========================= =================================================================================
Koor 999900010 0649012 Ordinary 11* 11 04 2000 38,900 371,193 (+)13,519
Industries shares
Ltd. NIS 0.001each
==================== ========================= =================================================================================
11* 14 05 2000 40,080 (+)23,764
==================== ========================= =================================================================================
11* 15 05 2000 40,080 (+)20,822
==================== ========================= =================================================================================
11* 16 05 2000 40,710 (+)12,910
==================== ========================= =================================================================================
=================================================================================
371,193 (+)71,015 442,208 2.7 ------
==================================================================================================================================
*Acquisition during regular trading
Shlomo Heller, Adv.
Legal Counsel
</TABLE>
