Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

Effective October 2, 2008, Mr. Bob Koch and Mr. Udi Netivi became Co-Chief Executive Officers of Limco-Piedmont Inc. (the "Company"). Mr. Koch and Mr. Netivi replaced the Company's former CEO, Mr. Shaul Menachem who has stepped down from his position as CEO, but will remain an employee of the company through December 31, 2008. Mr. Menachem has also resigned his position as a Director of the Company. Mr. Koch and Mr. Netivi were previously the President's of the Company's subsidiaries Limco-Airepair, Inc. and Piedmont Aviation Component Services, Inc., respectively.
Dr. Shmuel Fledel, the CEO of the Company's parent, TAT Technologies Ltd., was also elected Chairman of the Company and will assume an active role in the Company's business. A copy of the Company's press release is filed herewith as Exhibit 99.1 and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit 99.1 - Press release dated October 7, 2008.
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