Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
Effective July 14, 2008 Israel Ofen resigned as a director of Limco-Piedmont, Inc. (the "Company").
On July 14, 2008 the Board of Directors of the Company elected Dr. Shmuel Fledel a director of the Company to serve until the next annual meeting of stockholders of the Company. Dr. Fledel has been the Chief Executive Officer of TAT Technologies Ltd. ("TAT") the controlling shareholder of the Company since May 2008. Prior to joining TAT, between the years 2005 and 2008, Dr. Fledel served as Vice President, Maintenance and Engineering of El-Al Israel Airlines Ltd. From 1998 to 2005, Dr. Fledel served as the Chief Executive Officer of Cyclone Aviation Products Ltd., an Israeli company which serves as the Elbit Systems Group's design and production center for metal and composite structural aircraft components and parts for leading aerospace companies and OEMs. From 1995 to 1998, Col. (Res.) Fledel served as the Depot Commander of the Israeli Air Force. Dr. Fledel holds a Ph.D and an M.SC. degree in Structural Dynamics, both from the University of Maryland, and a B.Sc. degree in Aeronautical Engineering from the Technion - Israel Institute of Technology.
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