<SEC-DOCUMENT>0001178913-25-000621.txt : 20250226
<SEC-HEADER>0001178913-25-000621.hdr.sgml : 20250226
<ACCEPTANCE-DATETIME>20250226073018
ACCESSION NUMBER:		0001178913-25-000621
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250226
FILED AS OF DATE:		20250226
DATE AS OF CHANGE:		20250226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		ORGANIZATION NAME:           	07 Trade & Services
		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:		25666157

	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>zk2532786.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
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         Document created using Broadridge PROfile 25.2.1.5287
         Copyright 1995 - 2025 Broadridge -->
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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="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</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: 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;">For the month of February 2025</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="text-align: center; line-height: 1.25; font-weight: bold;">________________________</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="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      <div style="line-height: 1.25">&#160;</div>
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          <tr>
            <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>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top; font-family: 'Times New Roman',Times,serif; text-align: center;">
              <div>Form 20-F &#9746;&#160;&#160; Form 40-F &#9744;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top; font-family: 'Times New Roman',Times,serif; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
              <div style="text-align: center;">Yes &#9744;&#160;&#160; No &#9746;<br>
              </div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">Yes &#9744;&#160;&#160; No &#9746;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <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>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center; line-height: 1.25;">Yes &#9744;&#160;&#160; No &#9746;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 100%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>

      </table>
      <div style="margin-left: 72pt; line-height: 1.25;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">On February 26, 2025, Ituran Location and Control Ltd. issued a press release announcing the dividend record date. A copy of this press release is annexed hereto as Exhibit
        99.1.</div>
      <div style="line-height: 1.25">&#160;</div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <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;">
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" colspan="2" style="width: 38%;">ITURAN LOCATION &amp; CONTROL LTD.</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
              <td valign="top" rowspan="1" style="width: 3%;"><br>
              </td>
              <td valign="top" rowspan="1" style="width: 35%;">(Registrant)</td>
              <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;"><br>
              </td>
              <td valign="top" style="width: 3%;"><br>
              </td>
              <td valign="top" style="width: 35%;"><br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; 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: 35%; border-bottom: #000000 2px solid">/s/ Eyal Sheratzky</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;"><br>
              </td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Name: 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: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">Title: 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: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;"><br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">Date: February 26, 2025</div>
      <div style="line-height: 1.25;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <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" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z5726c7d3fb0e452390137dadc040c62e">

            <tr>
              <td style="width: 10%;"><u>Exhibit</u></td>
              <td style="width: 90%;"><u>Item</u></td>
            </tr>
            <tr>
              <td style="width: 10%;"><br>
              </td>
              <td style="width: 90%;"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 10%;"><a href="exhibit_99-1.htm">99.1</a></td>
              <td style="width: 90%;"><a href="exhibit_99-1.htm">Press Release, dated February 26<font style="font-style: italic;">, </font>2025, announcing the dividend record
                  date.</a></td>
            </tr>

        </table>
      </div>
      <div style="line-height: 1.25;">&#160;<br style="line-height: 1.25;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
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    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div style="text-align: right;"><font style="font-weight: bold;"><u>Exhibit 99.1</u></font><br>
    </div>
    <div> <br>
    </div>
    <div>
      <div class="BRPFPageHeader">
        <div style="line-height: 1.25;"><img src="image00002.jpg"></div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
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      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">ITURAN LOCATION AND CONTROL LTD</div>
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">
        <div style="line-height: 1.25">Announces Dividend Distribution of $10 Million Declared for the </div>
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">Fourth Quarter of 2024</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Dividend declared in accordance with the Company&#8217;s updated dividend policy which </div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">increases the quarterly dividend amount by 25% to at least $10 million per quarter</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Azour, Israel, February 26, 2025</font> &#8211; Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash
        dividend in the amount of $0.50 per share, totaling approximately US$ 10 million. The dividend will be paid to shareholders of record as of March 20, 2025. The Company will pay the dividend out on April 3, 2025, net of taxes at the rate of 25%.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of
        Directors concluded that the above-mentioned distribution will not undermine the Company&#8217;s ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Retained earnings as of December 31, 2024, prior to the distribution was US$ 226.1 million and retained earnings will reach US$ 216.1 million after the distribution. The Board of Directors
        emphasized that as of December 31, 2024, the Company had a cash balance in hand of US$ 77.4 million (this amount is prior to the payment of a dividend of approximately US$ 8 million which was issued for the third quarter 2024 and was paid out in
        January 2025). The Company had credit from banking institutions of&#160;US$ 0.1 million. As of December 31, 2024, the Company&#8217;s current assets (excluding cash and cash equivalents) were in the sum of US$ 119.8 million and current liabilities were in the
        sum of US$ 87.9 million.</div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-weight: bold;">About Ituran</div>
      </div>
      <div style="line-height: 1.25;">
        <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>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Ituran is a leader in the emerging 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 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;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25;">Ituran's subscriber base has been growing significantly since the Company's inception to over 2.4 million subscribers using its location-based services with a market leading position in Israel and
        Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.</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>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z1d56a94a030c4755bd65e03d45f9ec8e">

          <tr>
            <td rowspan="1" style="width: 49.99%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">
                <div style="line-height: 1.25; font-weight: bold;">Company Contact</div>
              </div>
            </td>
            <td rowspan="1" colspan="1" style="width: 1%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td rowspan="1" style="width: 49.01%; vertical-align: top; font-weight: bold; border-bottom: 2px solid rgb(0, 0, 0);">International Investor Relations</td>
          </tr>
          <tr>
            <td style="width: 49.99%; vertical-align: top;">
              <div style="line-height: 1.25;">Udi Mizrahi</div>
              <div style="line-height: 1.25;"><u>udi</u>_<u>m@ituran.com</u></div>
              <div style="line-height: 1.25; font-weight: bold;">Deputy CEO &amp;VP Finance, Ituran</div>
              <div style="text-align: justify; margin-right: 0.2pt; line-height: 1.25;">&#160;(Israel) +972 3 557 1348</div>
            </td>
            <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
            <td style="width: 49.01%; vertical-align: top;">
              <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>
          </tr>

      </table>
      <div style="line-height: 1.25">&#160;
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
