<SEC-DOCUMENT>0001178913-23-002142.txt : 20230605
<SEC-HEADER>0001178913-23-002142.hdr.sgml : 20230605
<ACCEPTANCE-DATETIME>20230605080007
ACCESSION NUMBER:		0001178913-23-002142
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230605
FILED AS OF DATE:		20230605
DATE AS OF CHANGE:		20230605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32618
		FILM NUMBER:		23991251

	BUSINESS ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
		BUSINESS PHONE:		972-3-557-1333

	MAIL ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2329843.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="line-height: 1.25">&#160;
        <hr align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN ISSUER<br>
        PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<br>
        SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">
        <div style="line-height: 1.25; font-weight: bold;">For the month of June 2023</div>
      </div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number 001-32618</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">Ituran Location and Control Ltd.</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic;">(Exact name of Registrant as specified in its Charter)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">
        <hr align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">3 Hashikma Street, Azour 58001, Israel</div>
      <div style="text-align: center; line-height: 1.25; font-style: italic;">(Address of Registrant&#8217;s principal executive offices)</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">
        <hr align="center" style="height: 2px; width: 15%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-indent: 10.8pt; line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
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              <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Form 20-F&#160; &#9746;&#160; Form 40-F&#160; &#9744;</div>
            </td>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-indent: 10.8pt; line-height: 1.25;">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):</div>
            </td>
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            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
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              <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Yes &#9744;&#160;&#160; No &#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </div>
            </td>
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            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-indent: 10.8pt; line-height: 1.25;">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):</div>
            </td>
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            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Yes &#9744;&#160;&#160; No &#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </div>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-indent: 10.8pt; line-height: 1.25;">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.</div>
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            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
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              <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif;">Yes &#9744;&#160;&#160; No &#9746;</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </div>
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            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-indent: 10.8pt; line-height: 1.25;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______</div>
            </td>
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        <div>
          <div style="line-height: 1.25;">On June 5, 2023, Ituran Location and Control Ltd. issued a press release announces a partnership with Santander which aims to bring
            broad access to car financing. A copy of this press release is annexed hereto as Exhibit 99.1.</div>
        </div>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>SIGNATURE</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-indent: 36pt; line-height: 1.25;">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.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25;">
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" colspan="2">
                <div>ITURAN LOCATION &amp; CONTROL LTD.</div>
                <div>(Registrant) </div>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 4%;">&#160;</td>
              <td valign="top" style="width: 34%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
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              </td>
              <td valign="top" style="width: 4%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 34%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Eyal Sheratzky</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 4%;">Name:</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 34%;">Eyal Sheratzky</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 4%;">Title:</td>
              <td valign="top" style="width: 34%;">Co-Chief Executive Officer</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 4%;">&#160;</td>
              <td valign="top" style="width: 34%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

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      </div>
      <div style="line-height: 1.25;">Date: June 5, 2023</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u> <br>
        </u></div>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><u>EXHIBIT INDEX</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25">
        <table cellspacing="0" cellpadding="0" border="0" id="z61520c99517d4952bcf6c16796bf2417" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

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              <td style="width: 8%;"><u>Exhibit</u></td>
              <td style="width: 92%;"><u>Item</u></td>
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                <div>&#160;</div>
              </td>
              <td style="width: 92%;">
                <div>&#160;</div>
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              <td style="width: 8%;"><a href="exhibit_99-1.htm">99.1 </a></td>
              <td style="width: 92%;">
                <div style="text-align: left; line-height: 1.25;"><a href="exhibit_99-1.htm">Press Release, dated
                    June 5<font style="font-style: italic;">, </font>2023, announces a partnership with Santander which aims to bring broad access to car financing.</a></div>
              </td>
            </tr>

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      <div style="line-height: 1.25">&#160;</div>
      <div style="line-height: 1.25"> <br>
      </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      </div>
      <div style="line-height: 1.25; text-align: right;"><u><font style="font-weight: bold;">Exhibit 99.1</font></u><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25">&#160;<img src="image00001.jpg"></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">ITURAN ANNOUNCES PARTNERSHIP WITH SANTANDER WHICH </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">AIMS TO BRING BROAD ACCESS TO CAR FINANCING</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">The installation of a customer-consented vehicle-tracker and credit insurance to lead to</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;"> increased approval rates</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Attractive rates and telematic services round out an attractive package for new customers</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">AZOUR, Israel &#8211; June 5, 2023 </font>&#8211;&#160;<font style="font-weight: bold;">Ituran Location and Control Ltd. (Nasdaq: ITRN)</font> announced that
      its Brazilian subsidiary, Ituran Brazil, and Santander, have formed a partnership in the automotive market, which aims to facilitate credit approval for customers who look to finance a new or used car.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">This initiative brings together a suite of benefits such as lower interest rates and telematic services for customers who opt to install
      a vehicle tracker. In addition, the scheme incorporates credit insurance, to protect the financing which guarantees total or partial payment of the loan in case of inability to pay.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">According to <font style="font-weight: bold;">Cezar Janikian, Director
        of Santander Finance</font>, the partnership will enable more people to have access to credit for financing vehicles, facilitating the purchase of new, semi-new or used vehicles. "Ituran&#8217;s technology will protect our customers' assets and will also
      guarantee the Bank full loan security. For 2023, we expect strong growth in our offering of credit for automotive financing," commented the executive.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Eyal Sheratzky, CEO of Ituran</font>,
      emphasized that through this partnership, Bank Santander&#8217;s customers will be able to count on nationwide vehicle recovery services. &#8220;In addition, customers will have real-time visualization of their vehicle's location through the Ituran application.
      This includes the ability to create movement alerts (virtual fences) as well as access to the vehicle's location history,&#8221; he explains.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The partnership offers credit insurance as an additional benefit to the car owner at the time of vehicle purchase, managed by Zurich
      Santander. Ituran provides the vehicle tracker and all the remote monitoring services, providing an additional layer of security, particularly for those who cannot take out car insurance.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
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      <div style="page-break-after: always;" class="BRPFPageBreak">
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    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25; font-weight: bold;"> <br>
      </div>
      <div style="line-height: 1.25; font-weight: bold;">About Ituran<br>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
        <div><br>
        </div>
        <div>
          <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Ituran is a leader in the 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 &amp; 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<font style="font-family: 'Times New Roman', Times, serif;">-</font>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.</div>
          <div style="line-height: 1.25; font-weight: normal;"><br style="line-height: 1.25;">
          </div>
          <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Ituran's subscriber base has been growing significantly since the Company's inception to over 2
            million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately <font style="font-family: 'Times New Roman', Times, serif;">3,000</font>
            employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.</div>
        </div>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">For more information, please visit Ituran&#8217;s website, at: <u>www.ituran.com</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
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          <td style="width: 50.04%; vertical-align: top;">
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25; font-weight: bold;"><u>Company Contact</u></div>
            </div>
            <div style="line-height: 1.25;">Udi Mizrahi</div>
            <div style="line-height: 1.25;"><u>udi_m@ituran.com</u></div>
            <div style="line-height: 1.25; font-weight: bold;">Deputy CEO and VP Finance, Ituran</div>
            <div style="text-align: justify; margin-right: 0.2pt; line-height: 1.25;">(Israel) +972 3 557 1348</div>
          </td>
          <td style="width: 49.96%; vertical-align: top;">
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25; font-weight: bold;"><u>International Investor Relations</u></div>
            </div>
            <div style="line-height: 1.25;">Ehud Helft</div>
            <div style="line-height: 1.25;"><u>ituran@ekgir.com</u></div>
            <div style="line-height: 1.25; font-weight: bold;">EK Global Investor Relations</div>
            <div style="line-height: 1.25;">(US) +1 212 378 8040</div>
          </td>
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