UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
TAT Technologies Ltd.
(Name of Issuer)
Ordinary Shares, par value NIS 0.90 per share
(Title of Class of Securities)
M8740S227
(CUSIP Number)
September 8, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1 | NAMES OF REPORTING PERSONS | | |
Y.D More Investments Ltd. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
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| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
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7 | SOLE DISPOSITIVE POWER | | |
--- | | |
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8 | SHARED DISPOSITIVE POWER | | |
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| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
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11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
CO | | |
| |
(1) | The securities beneficially owned by the Reporting Person are the Issuer’s ordinary shares, par value NIS 0.90 per share (“Ordinary Shares”). |
(2) | The subject Ordinary Shares are beneficially owned by the Reporting Person indirectly and consist of: (i) 366,768 Ordinary Shares held by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held by More Mutual Funds Management (2013) Ltd., and (iii) 51,436 Ordinary Shares held by More Investment House Portfolio Management Ltd., with respect to each of which entities the Reporting Person exercises control. The Reporting Person possesses shared voting authority, yet lacks dispositive authority, with respect to the foregoing Ordinary Shares. |
(3) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission (the “SEC”) on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
More Provident Funds and Pension Ltd. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
366,768 (1)(2) | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
CO | | |
| |
(1) | The subject Ordinary Shares are held directly by the Reporting Person for the benefit of beneficiaries of its various provident and pension funds and not for the economic benefit of the Reporting Person. The Reporting Person possesses sole authority with respect to the disposition of all of such Ordinary Shares, but shares authority with Y.D. More Investments Ltd. concerning the voting of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
More Mutual Funds Management (2013) Ltd. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
CO | | |
| |
(1) | The subject Ordinary Shares are held directly by the Reporting Person for the benefit of beneficiaries of its various mutual funds and not for the economic benefit of the Reporting Person. The Reporting Person possesses sole authority with respect to the disposition of all of such Ordinary Shares, but shares authority with Y.D. More Investments Ltd. concerning the voting of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
More Investment House Portfolio Management Ltd. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
CO | | |
| |
(1) | The subject Ordinary Shares are held directly by the Reporting Person for the benefit of its various portfolio management clients and not for the economic benefit of the Reporting Person. The Reporting Person possesses sole authority with respect to the disposition of all of such Ordinary Shares, but shares authority with Y.D. More Investments Ltd. concerning the voting of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
B.Y.M. Mor Investments Ltd. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
CO | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through the Reporting Person, a company he controls with Michael Meirov and Dotan Meirov; (b) Benjamin Meirov; (c) Yosef Levy; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and Dotan Meirov; (b) Benjamin Meirov; (c) Yosef Levy; and (d) the Reporting Person, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and Dotan Meirov; (b) Benjamin Meirov; (c) the Reporting Person; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on 10,151,722 Ordinary Shares outstanding as of September 9, 2024, as reported on publicly available information from the Tel Aviv Stock Exchange, and combined with an additional 673,340 Ordinary Shares sold on September 6, 2024, as reported in the Issuer's Current Report on Form 6-K for the month of September 2024, filed with the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and Dotan Meirov; (b) the Reporting Person; (c) Yosef Levy; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) the Reporting Person, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and Dotan Meirov; (b) Benjamin Meirov; (c) Yosef Levy; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with the Reporting Person and Dotan Meirov; (b) Benjamin Meirov; (c) Yosef Levy; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
1 | NAMES OF REPORTING PERSONS | | |
| | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
| | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
--- | | |
| |
6 | SHARED VOTING POWER | | |
| | |
| |
7 | SOLE DISPOSITIVE POWER | | |
| | |
| |
8 | SHARED DISPOSITIVE POWER | | |
| | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
| | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN | | |
| |
(1) | The subject Ordinary Shares consist of: (i) 366,768 Ordinary Shares held directly by More Provident Funds and Pension Ltd., (ii) 923,813 Ordinary Shares held directly by More Mutual Funds Management (2013) Ltd. and (iii) 51,436 Ordinary Shares held directly by More Investment House Portfolio Management Ltd. Y.D More Investments Ltd., which exercises control over each of the foregoing entities, is an Israeli public company that is controlled via a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M. Mor Investments Ltd., a company he controls with Michael Meirov and the Reporting Person; (b) Benjamin Meirov; (c) Yosef Levy; and (d) Eli Levy, through Elldot Ltd., a wholly owned company. The Reporting Person possesses indirect shared voting authority with respect to all of the foregoing Ordinary Shares pursuant to that voting agreement. The Reporting Person lacks authority with respect to the disposition of all of such Ordinary Shares. |
(2) | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
Item 1. (a) | Name of Issuer: |
TAT Technologies Ltd.
(b) | Address of Issuer's Principal Executive Offices:
5 Hamelacha Street, Netanya 4250540, Israel |
Item 2. (a) | Name of Person Filing: |
Y.D More Investments Ltd. (“Y.D. More”)
More Provident Funds and Pension Ltd. (“More Provident”)
More Mutual Funds Management (2013) Ltd. (“More Mutual”)
More Investment House Portfolio Management Ltd. (“More Investment”)
B.Y.M. Mor Investments Ltd. (“B.Y.M.”)
Eli Levy
Yosef Levy
Benjamin Meirov
Yosef Meirov
Michael Meirov
Dotan Meirov
Each of the foregoing entities and persons is referred to as a “Reporting Person”, and collectively they are referred to as the “Reporting Persons”.
Y.D More is an Israeli public company controlled through a voting agreement among the following individuals: (a) Yosef Meirov, directly and through B.Y.M., a company he controls with Michael Meirov and Dotan Meirov, (b) Benjamin Meirov (c) Yosef Levy and (d) Eli Levy through Elldot Ltd., a wholly owned company.
More Mutual and More Investment are each wholly-owned subsidiaries of Y.D. More, and More Provident is a majority-owned subsidiary of Y.D. More, which owns 66.36% thereof.
(b) | Address of Principal Business Office: |
The principal business office of each Reporting Person is c/o Y.D More Investments Ltd., 2 Ben-Gurion Street, Ramat Gan, Israel
Y.D More - Israel
More Provident - Israel
More Mutual – Israel
More Investment - Israel
B.Y.M. - Israel
Eli Levy - Israel
Yosef Levy - Israel
Benjamin Meirov - Israel and U.S.
Yosef Meirov - Israel and Belgium
Michael Meirov - Israel and U.S.
Dotan Meirov - Israel and U.S.
(d) | Title of Class of Securities: |
Ordinary Shares, par value NIS 0.90 per share
M8740S227
Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:
(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f) ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g) ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ☐ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Not applicable.
(a) | Amount beneficially owned: |
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 366,768 Ordinary Shares* |
(b) | Percent of class**: 3.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 366,768 |
(iii) | Sole power to dispose of or to direct the disposition of: 366,768 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 923,813 Ordinary Shares* |
(b) | Percent of class**: 8.5% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 923,813 |
(iii) | Sole power to dispose of or to direct the disposition of: 923,813 |
(iv) | Shared power to dispose of or to direct the disposition of: |
(a) | Amount beneficially owned: 51,436 Ordinary Shares* |
(b) | Percent of class**: 0.5% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 51,436 |
(iii) | Sole power to dispose of or to direct the disposition of: 51,436 |
(iv) | Shared power to dispose of or to direct the disposition of: |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
(a) | Amount beneficially owned: 1,342,017 Ordinary Shares* |
(b) | Percent of class**: 12.4% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: 0 |
(ii) | Shared power to vote or to direct the vote: 1,342,017 Ordinary Shares |
(iii) | Sole power to dispose of or to direct the disposition of: 0 |
(iv) | Shared power to dispose of or to direct the disposition of: 0 |
* | The securities beneficially owned by the Reporting Person are the Issuer’s ordinary shares, par value NIS 0.90 per share (“Ordinary Shares”). |
** | Based on (i) 10,151,722 Ordinary Shares outstanding as of September 9, 2024, based on information made publicly available by the Tel Aviv Stock Exchange, together with (ii) an additional 673,340 Ordinary Shares issued and sold by the Issuer in a private placement on September 6, 2024, as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K furnished to the SEC on September 6, 2024, totaling collectively 10,825,062 Ordinary Shares outstanding. |
Each of the foregoing Reporting Persons disclaims beneficial ownership of the Ordinary Shares reported herein except to the extent of its or his (as applicable) pecuniary interest (if any) therein.
Item 5. | Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐ |
Item 6. | Ownership of More than Five Percent on Behalf of Another: |
The securities reported herein are held either by More Provident for the benefit of beneficiaries of various provident and pension funds, More Mutual for the benefit of various mutual funds, and by More Investment for the benefit of various portfolio management clients.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: |
Not applicable.
Item 8. | Identification and Classification of Members of the Group: |
Not applicable.
Item 9. | Notice of Dissolution of Group: |
Not applicable.
Each of the Reporting Persons hereby certifies as follows:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
September 12, 2024
| | Y.D More Investments Ltd.
/s/ Yosef Levy By: Yosef Levy* Title: Co-CEO
/s/ Meir Gridish By: Meir Gridish* Title: Chairman of the Board
More Provident Funds and Pension Ltd.
/s/ Yosef Levy By: Yosef Levy* Title: Director
/s/ Meir Gridish By: Meir Gridish* Title: Chairman of the Board More Mutual Funds Management (2013) Ltd.
s/ Eli Levy By: Eli Levy* Title: Director
/s/ Meir Gridish By: Meir Gridish* Title: Chairman of the Board
More Investment House Portfolio Management Ltd. s/ Eli Levy By: Eli Levy* Title: Director
/s/ Meir Gridish By: Meir Gridish* Title: Chairman of the Board |
* Signature duly authorized by resolution of the Board of Directors and filed herewith.
| B.Y.M. Mor Investments Ltd. /s/ Meir Gridish By: Meir Gridish Title: Director and CEO
/s/ Eli Levy Eli Levy
/s/ Yosef Levy Yosef Levy
_**_____________________ Name: Benjamin Meirov |
** The undersigned, by signing his name hereto, executes this Schedule 13G pursuant to the Limited Power of Attorney executed on behalf of Mr. Benjamin Meirov and filed herewith.
| /s/ Meir Gridish Name: Meir Gridish Attorney-in-Fact
_***____________________ Name: Yosef Meirov |
*** The undersigned, by signing his name hereto, executes this Schedule 13G pursuant to the Limited Power of Attorney executed on behalf of Mr. Yosef Meirov and filed herewith.
| /s/ Meir Gridish Name: Meir Gridish Attorney-in-Fact
_****___________________ Name: Michael Meirov |
**** The undersigned, by signing his name hereto, executes this Schedule 13G pursuant to the Limited Power of Attorney executed on behalf of Mr. Michael Meirov and filed herewith.
| /s/ Meir Gridish Name: Meir Gridish Attorney-in-Fact
_*****__________________ Name: Dotan Meirov |
***** The undersigned, by signing his name hereto, executes this Schedule 13G pursuant to the Limited Power of Attorney executed on behalf of Mr. Dotan Meirov and filed herewith.
| /s/ Meir Gridish Name: Meir Gridish Attorney-in-Fact |
EXHIBIT NO. DESCRIPTION
Exhibit 2 | Resolution of Board of Directors regarding signature authority of Y.D More Investments Ltd. (incorporated herein by reference to Exhibit 2 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |
Exhibit 3 | Resolution of Board of Directors regarding signature authority of More Provident Funds and Pension Ltd. (incorporated herein by reference to Exhibit 3 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |
Exhibit 4 | Limited Power of Attorney executed on behalf of Mr. Benjamin Meirov (incorporated herein by reference to Exhibit 4 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |
Exhibit 5 | Limited Power of Attorney executed on behalf of Mr. Yosef Meirov (incorporated herein by reference to Exhibit 5 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |
Exhibit 6 | Limited Power of Attorney executed on behalf of Mr. Michael Meirov (incorporated herein by reference to Exhibit 6 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |
Exhibit 7 | Limited Power of Attorney executed on behalf of Mr. Dotan Meirov (incorporated herein by reference to Exhibit 7 to Schedule 13G filed by the Reporting Persons on June 21, 2022 to report beneficial ownership of shares of Brenmiller Energy Ltd.) |