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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 11, 2005
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(October 10, 2005)
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AMPAL-AMERICAN ISRAEL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
New York 0-538 13-0435685
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
111 Arlozorov Street, Tel Aviv, Israel 62098
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 1-866-447-8636
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On October 10, 2005, the Board of Directors (the "Board") of Ampal-American
Israel Corporation (the "Company"), based upon the recommendation of the Stock
Option and Compensation Committee of the Board, approved the grant pursuant to
the Company's 2000 Incentive Plan (the "2000 Plan") to each of Eitan Haber,
Yehuda Karni and Menahem Morag, the Company's non-employee directors, of options
to purchase 45,000 shares of the Company's Class A Stock, par value $1.00 per
share, at an exercise price of $3.69 per share, with each grant vesting in equal
installments beginning on January 10, 2006 and each three month anniversary
thereafter. The form of option agreement pursuant to which the options were
granted under the 2000 Plan is being filed as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit No. Description of Exhibit
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99.1 Form of Option Agreement.
SIGNATURES
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.
Date: October 11, 2005
AMPAL-AMERICAN ISRAEL CORPORATION
By: /s/ Yoram Firon
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Name: Yoram Firon
Title: Vice President - Investments
and Corporate Affairs
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Form of Option Agreement.