Israeli aerospace firm TAT Technologies Ltd (NASDAQ: TATT) said that the compensation committee and board of directors have approved that the D&O insurance policy purchased by TAT Technologies shall apply and include all members of its board of directors.
According to TAT, the policy was purchased in accordance with the terms set forth in Section 18 of the company´s compensation policy.
Pursuant to Sections 1b(5) and 1b1. of the Israeli Companies Regulations (Relief for Transactions with Interested Parties), 2000, the compensation committee and board of directors have approved the above resolutions without the need for further approval by the shareholders of the company.
TAT Technologies is a provider of services and products to the commercial and military aerospace and ground defense industries.
Find out more at www.tat-technologies.com.