<SEC-DOCUMENT>0001178913-24-002641.txt : 20240815
<SEC-HEADER>0001178913-24-002641.hdr.sgml : 20240815
<ACCEPTANCE-DATETIME>20240815074008
ACCESSION NUMBER:		0001178913-24-002641
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240815
FILED AS OF DATE:		20240815
DATE AS OF CHANGE:		20240815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELTEK LTD
		CENTRAL INDEX KEY:			0001024672
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28884
		FILM NUMBER:		241210640

	BUSINESS ADDRESS:	
		STREET 1:		SGOOLA INDUSTRIAL ZONE
		STREET 2:		P O B 159
		CITY:			PETACH TIKVA
		STATE:			L3
		ZIP:			49101 I
		BUSINESS PHONE:		972-3-9395025

	MAIL ADDRESS:	
		STREET 1:		SGOOLA INDUSTRIAL ZONE
		STREET 2:		P O B 159
		CITY:			PETACH TIKVA
		STATE:			L3
		ZIP:			49101
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2431864.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="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Washington, D.C.&#160; 20549</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;">F O R M&#160; 6-K</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">For the month of August 2024</div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Commission&#160;file&#160;number 000-28884</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;"><u>Eltek Ltd.</u></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">(Name of Registrant)</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Sgoola Industrial Zone, Petach Tikva, Israel</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">&#160;(Address of Principal Executive Office)</div>
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    </div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Indicate by check mark whether the registrant files or will file annual reports under cover
      of Form 20-F or Form 40-F.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Form 20-F </font>&#9746;<font style="font-family: 'Times New Roman',Times,serif;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Form 40-F &#9744;</font></font></div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><u>EXPLANATORY NOTE</u></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
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    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">On July 8, 2024, an Annual General Meeting of the Shareholders of Eltek Ltd. (the &#8220;<u>Meeting</u>&#8221; and the &#8220;<u>Company</u>&#8221;,
      respectively) was held, further to and in accordance with the notice and proxy statement for the Meeting filed under Form 6-K on May 28, 2024 (the &#8220;<u>Proxy Statement</u>&#8221;).</div>
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    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Due to a clerical error in the Proxy Statement (the &#8220;<u>Clerical Error</u>&#8221;), one of the terms of the proposed amendment and
      restatement of the Company&#8217;s Amended Management Agreement with Nistec Ltd., the Company&#8217;s controlling shareholder (the &#8220;<u>Agreement</u>&#8221; and &#8220;<u>Nistec</u>&#8221;, respectively), that was submitted for approval by the Company&#8217;s shareholders under Item 5
      of the Proxy Statement, was in error. Item 5, which was duly approved by the Company&#8217;s shareholders, provided that Nistec shall be entitled to a Bonus (as defined in the Proxy Statement), in the event that the Company&#8217;s audited consolidated financial
      statements for the year ended December 31, 2024, or for any year thereafter (the &#8220;<u>Financial Statements</u>&#8221;), reflect that the Company&#8217;s net income equals <font style="font-weight: bold;">2%</font> or more of the Company&#8217;s revenues. Such term, as
      respectively approved by the Company&#8217;s Audit Committee and Board of Directors on March 8 and 10, 2024, provided that Nistec would only be entitled to the Bonus if the Financial Statements reflect that the Company&#8217;s net income equals <font style="font-weight: bold;">4%</font> or more of the Company&#8217;s revenues.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">In light of the foregoing, it is hereby clarified that the relevant term of the Agreement has been amended and restated as
      approved by the Company&#8217;s Audit Committee and Board of Directors, rather than as indicated in the Proxy Statement and approved by the Company&#8217;s shareholders, which revision is beneficial to the Company and is therefore deemed to be covered by the
      shareholders&#8217; approval of the latter. Accordingly, Nistec shall only be entitled to the Bonus if the Financial Statements reflect that the Company&#8217;s net income equals 4% or more of the Company&#8217;s revenues.</div>
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    <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Except as clarified above, the Clerical Error has no further effect on the results of the Meeting or otherwise.</div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">SIGNATURE</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 36pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">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.</div>
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          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="line-height: 1.25;">&#160; &#160;&#160; &#160; ELTEK LTD.</div>
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          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: justify; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160; (Registrant)</div>
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          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: justify; line-height: 1.25;">By: <u>/s/ Ron Freund</u></div>
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            <div style="text-align: justify; line-height: 1.25;">Ron Freund</div>
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          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;" colspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0);">Chief Financial Officer</div>
          </td>
        </tr>

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    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Date:&#160; August 15, 2024</div>
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