Report of Foreign Issuer (6-k)
January 22 2020 - 4:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the Month of January 2020
Commission
File Number 333-206989
Ability
Inc.
(Translation
of registrant’s name into English)
Yad
Harutzim 14
Tel Aviv 6770007, Israel
(Address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
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): ____
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): ____
The
information contained in this report is hereby incorporated by reference into the Company’s Registration Statements on Form
F-3 (333-226288) and Form S-8 (333-228465).
ABILITY
INC.
On January 20, 2020, Ability Inc. (the “Company”)
published four immediate reports in Israel.
Three of the immediate reports reported that
following the Company’s delisting from the Nasdaq, the Company has transitioned from being a dual-listed company to a public
company, and as a result, certain corporate governance provisions of the Israeli Companies Law, 1999 have been applied to the
Company, including the duty to appoint external directors to its Board of Directors. According to the three immediate reports,
given the current directors’ inability to serve as external directors, the Company is obligated to appoint external directors
who are not the currently serving directors. However, the remuneration of external directors in addition to the remuneration of
the Company’s current directors will place a significant financial burden on the Company. In view of the limited budgetary
resources available to the Company, three of the Company’s directors, Joseph Tenne, Limor Beladev and Avraham Dan, notified
the Company that they resigned from the Company’s Board of Directors, effective January 19, 2020. Translated copies of the
three immediate reports regarding the resignation of the directors are attached hereto as Exhibits 99.1, 99.2 and 99.3 and incorporated
by reference herein.
In addition, the Company published a fourth
immediate report in Israel reporting the convening of a special general meeting of the Company for purposes of approving the appointment
of new external directors of the Company and approving their terms of service and employment. A translated copy of such fourth
immediate report, including the voting card attached thereto, is attached hereto as Exhibit 99.4 and incorporated by reference
herein.
Exhibits
SIGNATURE
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 hereunto duly authorized.
|
ABILITY
INC.
|
|
|
|
Date:
January 22, 2020
|
By:
|
/s/
Anatoly Hurgin
|
|
|
Anatoly
Hurgin
|
|
|
Chief
Executive Officer
|
2
Ability (CE) (USOTC:ABILF)
Historical Stock Chart
From Jan 2025 to Feb 2025
Ability (CE) (USOTC:ABILF)
Historical Stock Chart
From Feb 2024 to Feb 2025