SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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
February 2009
RADA ELECTRONIC INDUSTRIES LIMITED
(Name of Registrant)
7 Giborei Israel Street, Netanya 42504, 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-_______
This Form 6-K is being incorporated by reference into the Registrant's
Form F-3 Registration Statements File Nos. 333-12074, 333-115598, 333-117954,
333-127491 and 333-150197 and Form S-8 Registration Statement File No.
333-111437.
RADA ELECTRONIC INDUSTRIES LTD.
6-K Items
1. Press Release re RADA Electronic Industries Ltd. Announces Receipt of a
Favorable Judgment in the Pending Legal Proceedings With Its Former CEO
dated February 17, 2009.
ITEM 1
Press Release Source: RADA Electronic Industries Ltd.
RADA Electronic Industries Ltd. Announces Receipt of a Favorable Judgment
in the Pending Legal Proceedings With Its Former CEO
Tuesday February 17, 1:12 pm ET
NETANYA, Israel, Feb. 17, 2009 (GLOBE NEWSWIRE) -- RADA Electronic Industries
Ltd. (NasdaqCM:RADA - News) today reported that the Regional Labor Court in Tel
Aviv has determined that its former CEO and Chairman of the Board of Directors,
Mr. Haim Nissenson, is required to repay the US$ 485,000 of loans he received
from the Company together with accrued interest and linkage difference as
provided by law. The Court also denied all of Mr. Nissenson's claims and
allegations against Mr. Herzle Bodinger, the Company's current Chairman of the
Board, as well as substantially all of Mr. Nissenson's claims against the
Company, except for payment of recuperation fees and vacation fees in the
aggregate amount of NIS 109,000, together with accrued interest and linkage
differences, as provided by law. The Court found that the retirement agreement
between the Company and Mr. Nissenson is null and void since it was not legally
approved, tainted with misleading information provided by Mr. Nissenson and
included provisions that were not properly approved by the Company's Board of
Directors.
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
military and commercial aerospace industries. The Company specializes in
Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Mission
Computers, Flight Data Recorders, Inertial Navigation Systems), Trainers
Upgrades, Avionics systems for the UAV market, and Optronics (cameras for
airplanes and armored vehicles).
Note: Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially. Such risk uncertainties and other
factors include, but are not limited to, changes in general economic conditions,
risks in product and technology developments, market acceptance of new products
and continuing product demand, level of competition and other factors described
in the Company's Annual Report on Form 20-F and other filings with the
Securities and Exchange Commission.
Contact:
RADA Electronic Industries Ltd.
Shiri Lazarovich - C.F.O
011-972-9-8921111
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.
Rada Electronic Industries Ltd.
(Registrant)
By: /s/Herzle Bodinger
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Herzle Bodinger
President and Chairman
Date: February 17, 2009