UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
ELTEK LTD.
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(Name of Issuer)
Ordinary Shares, par value NIS 0.6 per share
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(Title of Class of Securities)
M40184 10 9
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(CUSIP Number)
Steven J. Glusband
Carter, Ledyard & Milburn
2 Wall Street, New York, New York 10005
(212) 732-3200
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 24, 2005
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. M40184 10 9
1 NAME OF REPORTING PERSON: Joseph Maiman
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): Not applicable.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
3 SEC USE ONLY
4 SOURCE OF FUNDS: Not applicable.
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e): [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Israel
NUMBER OF 7 SOLE VOTING POWER: 654,286 Ordinary Shares
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 654,286 Ordinary Shares
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON: 654,286 Ordinary Shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.68%
14 TYPE OF REPORTING PERSON: IN
2
This Amendment No. 8 to the Statement on Schedule 13D dated April 6, 2005
is being filed to report the sale by Mr. Joseph Maiman ("Mr. Maiman") of an
aggregate of 1,361,670 ordinary shares, NIS 0.6 par value, (the "Ordinary
Shares") of Eltek Ltd., an Israeli corporation (the "Issuer") in a series of
open market transactions.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
ITEM 5 OF THIS STATEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS
ENTIRETY AS FOLLOWS:
(a) Mr. Maiman is the beneficial owner of 654,286 Ordinary Shares, or
approximately 11.68% of the 5,602,511 Ordinary Shares, which the Issuer has
advised him, were outstanding and issued on April 6, 2005. Of such shares,
626,535 Ordinary Shares are held of record by Integral International Inc.
("Integral"), a Panama corporation controlled by Mr. Maiman and 27,751 Ordinary
Shares are held of record by Integral's wholly owned subsidiary, A. Sariel Ltd.
(b) Mr. Maiman has the sole power to vote or direct the vote and the sole
power to dispose or direct the disposition of the 654,286 Ordinary Shares
currently beneficially owned by him.
(c) The following table sets forth all the transactions in the Ordinary
Shares of the Issuer effected by Mr. Maiman since January 1, 2005. All such
transactions were open market purchases effected on the Nasdaq National Market.
Number of
Ordinary Price Per
Date of Sale Shares Share*
-------------- ---------- ---------
March 24, 2005 12,200 $4.02
March 24, 2005 100 $4.04
March 24, 2005 12,900 $4.06
March 24, 2005 27,100 $4.07
March 24, 2005 2,950 $4.08
March 24, 2005 400 $4.09
March 24, 2005 4,700 $4.10
March 24, 2005 400 $4.11
March 24, 2005 600 $4.16
March 24, 2005 17,550 $4.17
March 24, 2005 99,400 $4.20
March 24, 2005 3,200 $4.21
March 24, 2005 800 $4.22
March 24, 2005 600 $4.31
March 24, 2005 6,700 $4.35
3
March 24, 2005 5,200 $4.36
March 24, 2005 200 $4.39
March 24, 2005 200 $4.40
March 24, 2005 4,800 $4.41
March 28, 2005 14,500 $5.70
March 28, 2005 5,000 $5.71
March 28, 2005 500 $5.72
March 28, 2005 2,110 $5.75
March 28, 2005 2,360 $5.76
March 28, 2005 700 $5.77
March 28, 2005 5,000 $5.79
March 28, 2005 6,730 $5.83
March 28, 2005 3,270 $5.84
March 28, 2005 65,330 $6.00
March 28, 2005 1,600 $6.01
March 28, 2005 7,900 $6.02
March 28, 2005 15,300 $6.03
March 28, 2005 200 $6.04
March 28, 2005 10,500 $6.05
March 28, 2005 500 $6.07
March 28, 2005 31,200 $5.30
March 28, 2005 19,500 $5.31
March 28, 2005 9,200 $5.32
March 28, 2005 5,600 $5.33
March 28, 2005 1,500 $5.34
March 28, 2005 14,500 $5.35
March 28, 2005 1,500 $5.36
March 28, 2005 5,200 $5.37
March 28, 2005 100 $5.40
March 28, 2005 3,500 $5.41
March 28, 2005 700 $5.42
March 28, 2005 5,000 $5.70
March 28, 2005 5,000 $5.71
March 28, 2005 5,000 $5.72
March 28, 2005 5,000 $5.75
March 28, 2005 10,000 $5.76
March 28, 2005 21,410 $5.77
March 28, 2005 5,000 $5.78
March 28, 2005 10,000 $5.79
March 28, 2005 25,200 $5.80
March 28, 2005 2,200 $5.81
March 28, 2005 2,600 $5.82
March 28, 2005 5,000 $5.83
March 29, 2005 60,000 $4.80
4
March 29, 2005 6,000 $4.81
March 29, 2005 8,000 $4.88
March 29, 2005 8,000 $4.90
March 29, 2005 45,000 $5.15
March 29, 2005 15,000 $5.20
March 29, 2005 40,000 $5.21
March 30, 2005 7,000 $4.81
March 30, 2005 12,000 $4.82
March 30, 2005 1,000 $4.85
March 30, 2005 110,000 $5.00
March 30, 2005 5,000 $5.01
March 30, 2005 20,000 $5.10
March 30, 2005 30,000 $5.15
March 31, 2005 6,120 $4.35
March 31, 2005 14,000 $4.36
March 31, 2005 3,300 $4.37
March 31, 2005 4,500 $4.38
March 31, 2005 600 $4.39
March 31, 2005 9,500 $4.40
March 31, 2005 880 $4.41
March 31, 2005 1,700 $4.42
March 31, 2005 400 $4.43
March 31, 2005 100 $4.51
March 31, 2005 3,500 $4.55
March 31, 2005 2,500 $4.60
March 31, 2005 25,000 $4.64
March 31, 2005 30,000 $4.65
March 31, 2005 49,000 $4.66
March 31, 2005 20,000 $4.69
April 1, 2005 12,035 $4.00
April 1, 2005 4,265 $4.01
April 1, 2005 1,400 $4.02
April 1, 2005 500 $4.03
April 1, 2005 400 $4.04
April 1, 2005 31,400 $4.05
April 1, 2005 7,757 $4.15
April 1, 2005 400 $4.16
April 1, 2005 843 $4.17
April 1, 2005 1,000 $4.18
April 1, 2005 4,260 $4.25
April 1, 2005 100 $4.30
April 1, 2005 3,000 $4.33
April 1, 2005 200 $4.36
April 1, 2005 400 $4.38
5
April 1, 2005 28,000 $4.05
April 1, 2005 2,000 $4.07
April 1, 2005 10,000 $4.09
April 1, 2005 3,000 $4.10
April 1, 2005 100 $4.30
April 4, 2005 24,300 $4.02
April 4, 2005 5,700 $4.04
April 5, 2005 20,000 $4.02
April 5, 2005 13,000 $4.04
April 5, 2005 7,000 $4.066
April 5, 2005 9,900 $4.07
April 5, 2005 10,000 $4.075
April 5, 2005 100 $4.08
April 5, 2005 13,500 $4.20
April 5, 2005 5,900 $4.21
April 5, 2005 2,600 $4.22
April 5, 2005 5,000 $4.26
April 5, 2005 3,100 $4.30
April 5, 2005 2,000 $4.31
April 5, 2005 1,035 $4.32
April 5, 2005 21,100 $4.35
April 5, 2005 1,630 $4.36
April 5, 2005 2,535 $4.37
April 5, 2005 3,530 $4.38
April 5, 2005 4,000 $4.39
April 5, 2005 14,900 $4.40
April 5, 2005 100 $4.41
April 5, 2005 4,670 $4.42
April 5, 2005 1,500 $4.43
-------------------------
* Does not include broker's commissions.
Except for such transactions, Mr. Maiman has not effected any transactions
in the Ordinary Shares since January 1, 2005.
(d) No person other than Mr. Maiman has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
shares reported above in this Item 5.
(e) Not applicable.
6
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
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ITEM 6 OF THIS STATEMENT IS HEREBY AMENDED AND RESTATED TO READ IN ITS
ENTIRETY AS FOLLOWS:
None.
Items 7. Material to be Filed as Exhibits.
---------------------------------
None.
7
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this Amendment No. 8 to
the Statement is true, complete and correct.
Date: April 6, 2005
/s/Joseph Maiman
----------------
Joseph Maiman
8