FORM 8-Kir.arotech.com/all-sec-filings/content/0001185185-17-001260/000118… · information in...

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OMB APPROVAL OMB Number: 3235-0060 Expires: March 31, 2018 Estimated average burden hours per response 5.71 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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): May 24, 2017 AROTECH CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-23336 95-4302784 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1229 Oak Valley Drive, Ann Arbor, Michigan 48108 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (800) 281-0356 (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)) SEC 873 (04/17) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Transcript of FORM 8-Kir.arotech.com/all-sec-filings/content/0001185185-17-001260/000118… · information in...

OMB APPROVALOMB Number: 3235-0060Expires: March 31, 2018Estimated average burdenhours per response 5.71

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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): May 24, 2017

AROTECH CORPORATION(Exact name of registrant as specified in its charter)

Delaware 0-23336 95-4302784(State or other jurisdiction (Commission (IRS Employer

of incorporation) File Number) Identification No.)

1229 Oak Valley Drive, Ann Arbor, Michigan 48108(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (800) 281-0356

(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 (seeGeneral 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))

SEC 873 (04/17)

Potential persons who are to respond to the collection of information contained inthis form are not required to respond unless the form displays a currently validOMB control number.

Item 7.01 Regulation FD Disclosure.

Dean Krutty, Arotech Corporation’s Executive Vice President – North American Operations and acting CEO, will be presenting at the B. Riley & Co. 18th AnnualInvestor Conference on Wednesday, May 24, 2017 at 9:00 a.m. Pacific Time. The conference will be held May 24-25, 2017 at Lowes Santa Monica Beach Hotel in SantaMonica, California. A copy of the visual presentation he will use in connection with his remarks is being furnished as Exhibit 99.1 to this report.

The information included in the attached Exhibit is being furnished pursuant to Item 7.01 of Form 8-K. In accordance with General Instructions B.2 of Form 8-K, theinformation in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, asamended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

As described above, the following Exhibit is furnished as part of this Current Report on Form 8-K:

ExhibitNumber Description

99.1 Spring 2017 Management Presentation

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 hereuntoduly authorized.

AROTECH CORPORATION (Registrant)

/s/ Yaakov Har-Oz Name: Yaakov Har-Oz Title: Senior Vice President and General CounselDated: May 24, 2017

Exhibit 99.1

SPRING 2017nasdaq gm: artxwww.arotech.com Investor PRESENTATION

Nasdaq: ARTX 2 SAFE HARBOR STATEMENT This presentation contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Arotech Corporation (Arotech) and/or its subsidiaries, (collective ”the company”), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management’s expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward looking statements due to a variety of factors, including, without limitation: product and technology development; the uncertainty of the market for Arotech's products; changing economic conditions; delay, cancellation or non-renewal, in whole or in part, of contracts or of purchase orders (including as a result of budgetary cuts resulting from automatic sequestration under the Budget Control Act of 2011); and other risk factors detailed in Arotech's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and Arotech’s other filings with the Securities and Exchange Commission. Arotech assumes no obligation to update the information in this release. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this presentation. The factors listed above are not all-inclusive, and further information is contained in Arotech’s latest annual report on Form 10-K, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this presentation. Arotech does not undertake to update its forward-looking statements.

Nasdaq: ARTX 3 INVESTMENT HIGHLIGHTS Committed to growthTwo divisions in attractive markets with long term growth programsDiversified customer base… long-standing customer relationships drive repeat businessLeading market positions in attractive end markets with significant barriers to entry Reduced Corporate Cost StructureBoard of Directors focused on growth, operational efficiency and creating long-term shareholder valueSmaller Board and Executive team Arotech is an innovative engineering solutions company that offers defense & security solutions to government agencies, municipalities & commercial organizations to aid with safety and preparedness

Power Systems Training and Simulation Business Innovative design, rapid prototyping & lean manufacturing for aerospace, defense, medical & industrial applications worldwide World-class simulation- based training solutions for engineering, use-of-force and operator training simulations Market Size Global Defense ElectronicsMarket revenues in $10s of Billions Global Military Simulation & Virtual Training expected to reach $13.8B in 20201 2016 Revenue $46.6M $46.4M % of Revenue 50% 50% Gross Margin 18% 43% Nasdaq: ARTX 4 DIVISIONS OVERVIEW 1 Source: Visiongain

Nasdaq: ARTX FINANCIAL OVERVIEW 5 ($ in millions) Revenue Adjusted EBITDA Training & Simulation Power Systems Total Company 7.9% CAGR Guidance Range$93 - $103(1) Guidance Range$7.5 - $8.5(1) (1) 2017 guidance range provided by company as of May 9, 2017. Arotech undertakes no obligation to update its estimates $62.2 $93.0 $96.6 $103.6 $88.5 $80.1 $103.0 …..VCTS component…..

Nasdaq: ARTX 6 DIVERSIFIED REVENUE BASE Numerous & diverse revenue sourcesTraining and SimulationAir Warfare 18%Military Vehicle 12%MILO 10%Service 4%Comm Vehicle & RTI 6%Power SystemsUS Power Systems 26%Tactical Batteries 20%Life Vest Batteries 4% 2016 Revenue by Division A well-diversified revenue base from varied, yet complementary products 50% 50%

Nasdaq: ARTX 7 TRAINING AND SIMULATION DIVISION TRAINING AND SIMULATION DIVISIONArotech’s Training and Simulation Division (ATSD) develops and provides an extensive array of trainers and simulators for all kinds of equipment and situations for military, law enforcement and commercial customers. Our simulators safely and economically train people from municipal rail and bus drivers to military pilots and convoy crews to respond immediately and appropriately in threatening and dangerous situations while under extreme pressure. RESEARCHSIMULATION AIR WARFARESIMULATION VEHICLESIMULATORS JUDGMENTALUSE OF FORCE

Nasdaq: ARTX 8 TRAINING AND SIMULATION DIVISION Market:Security, Defense& TrainingApplications Product Areas:High speed weapons simulationsJudgmental Use of ForceVehicle driving SIMS – Police, Fire, EMSMilitary Training SIMSResearch SIMS Customersthat trust Arotech Solutions include:

Nasdaq: ARTX 9 TRAINING & SIMULATION – KEY PROGRAMS Contracting with Lockheed, Boeing, Raytheon, USAF, CubicSignificant awards to continue F-15 and F-16 support in Q1Over 40 active contracts Continually expanded and enhanced as the operational flight programs are updated and new weapons/capabilities are addedNew markets with TA-50 and UAVs F-16 F-15 F-16 F-22 F-35 F-18 ZAP – Zone Acquisition Process High Speed Weapon Simulation

Nasdaq: ARTX 10 TRAINING & SIMULATION – KEY PROGRAMS Use of Force training for law enforcement and military customersNew products driving record salesTheater systems launched in 2015 have proven popularLive fire training$40M IDIQ with US Department of State announced last year

Nasdaq: ARTX 11 TRAINING & SIMULATION – KEY PROGRAMS Train route clearance teams to detect and neutralize improvised explosive devices (IEDs)$41M Sole-Source award to FAAC will bring 5 more years of innovation

Nasdaq: ARTX 12 POWER SYSTEMS DIVISION POWER SYSTEMS DIVISIONArotech’s Power Systems Division (APSD) develops and provides sophisticated portable energy solutions designed to complex and demanding customer specifications for diverse applications from vehicle power, clean energy power generation, power distribution and management, military field equipment to life vest lights, satellite radios and unmanned vehicles. Arotech’s solutions are produced primarily for military, aerospace and industrial customers. UNDERWATER& UAV POWER TACTICALBATTERIES HYBRIDPOWER POWERMANAGEMENT

Nasdaq: ARTX 13 POWER SYSTEMS DIVISION Established and Diverse Customer Base Includes: Product Areas:Distributed Power ManagementHybrid Power GenerationHigh Energy SystemsSWIPES & RechargeablesC4ISR Market: MilitaryCommercialMedical MR-2791

14 Water Activated Batteries POWER SYSTEMS – KEY PROGRAMS

Nasdaq: ARTX 15 POWER SYSTEMS – KEY PROGRAMS Distributed Power Control and Monitoring System (DPCMS) Successfully integrated on USMC AAV Real-Time Diagnostics & PrognosticsMakes AAV platform viable until 2035 - twenty years beyond its acquisition lifecycle. Configurable Power Distribution System Positioned to be New Standard for Military Vehicles – Dual Redundant, Intelligent Power Management

Nasdaq: ARTX 16 POWER SYSTEMS – KEY PROGRAMS GREENS Gen IPrototype DeliverySep 2010 GREENS Gen ILRIP DeliveryMar 2011 GREENS Gen IIFRPJul 2012 – Dec 2014 MHEESConcept RefinementJan 2015 MHEES DeliverySep 2015 2010 2011 2012 2013 2014 2015 2016 2017 MEHPS Delivery Summer 2017 • Lightweight, compact, man portable renewable power solution• Collects and stores solar energy and converts it to clean, reliable power• Hybrid capability allows use of a generator with auto-start if desired• Voltage Output: 22-30 VDC• Power Output: 1kW of power and up to five systems can be paralleled together to provide 5kW of power • Modular, compact, trailer or rack-mountable hybrid power solution• Collects and stores energy from a solar and generator to deliver clean, reliable power• Hybrid system capability intelligently integrates solar and generator power to further reduce fuel consumption• Voltage Output: 1P 120V / 3P 208V 60 Hz or 240V 50 Hz• Power Output: 5kW to 15kWDelivers Hours of Silent Watch Mobile Electric Hybrid Power Sources – 5kW Solution GREENS/Hybrid Power 1kW Solution

Nasdaq: ARTX 17 CONTACTS Company ContactArotech CorporationDean Krutty, CEO - [email protected] | (800) 281-0356Investor RelationsArotech CorporationScott Schmidt– [email protected] | (800) 281-0356