TEL AVIV Israel October 3 /PRNewswire-FirstCall/ -- Koor Industries (NYSE: KOR) a leading Israeli holding Company announced the resolutions of the Company's 2005 Annual General Meeting held in the Company's offices on September 28 2006.<br /><br />Resolutions<br /><br />1. To reappoint each of the following as a member of the Board of Directors of the Company (the "Board of Directors"): (1) Nochi Dankner; (2) Avraham (Avi) Fischer; (3) Isaac Manor; (4) Zvi Livnat; (5) Ami Erel; (6) Jonathan Kolber; (7) Lior Hannes; (8) Rafi Bisker; and (9) Gideon Lahav.<br /><br />2. To appoint Mr. Jonathan Kolber as the Chairman of the Board of Directors.<br /><br />3. To reappoint Somekh Chaikin a member of KPMG International as the Company's auditors and to authorize the Board of Directors to determine their audit fees.<br /><br />4. To appoint Dr. Ayelet Ben Ezer and Mr. Shlomo Risman to serve as External Directors (as such term is defined under Israeli Companies Law-1999) on the Board of Directors.<br /><br />5. To amend the provisions of the Articles of Association concerning indemnification of directors and officers on condition that any amount paid shall not exceed 25% of the Company's shareholders' equity according to the latest Company financial statements quarterly or annual as published near the date of the payment of the indemnification.
