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): January 15, 2002
ELECTRIC FUEL 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.)
632 Broadway, Suite 301, New York, New York 10012
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 529-9200
(Former name or former address, if changed since last report)
Page 1 of 14 pages
Exhibit Index appears on page 4
Item 5. Other Events
On January 18, 2002 we will issue and sell to Grenville Finance Ltd., for
an aggregate purchase price of $750,000, 441,176 shares of our common stock,
$.01 par value per share, at a purchase price per share of $1.70.
In order to furnish certain exhibits for incorporation by reference into
our Registration Statement on Form S-3 previously filed with the Securities and
Exchange Commission (File No. 333-63514), which Registration Statement was
declared effective by the Commission on July 20, 2001, and which Registration
Statement contains our prospectus dated July 20, 2001, as supplemented by our
prospectus supplement dated January 15, 2002, we are filing the opinion of
Harris Beach LLP as Exhibit 5.1 to the Registration Statement.
The opinion of Harris Beach LLP filed as Exhibit 5.1 herewith relates to
the validity of the shares of Common Stock to be sold by us pursuant to the
prospectus supplement dated January 15, 2002.
Following the offering described above, Electric Fuel will have 28,945,310
shares of common stock outstanding, compared to 28,504,134 shares before the
offering.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit Number Description
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4.1 Stock Purchase Agreement dated as of January 11, 2002
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5.1 Legal Opinion of Harris Beach LLP
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23.3 Consent of Harris Beach LLP (contained in the opinion filed
as Exhibit 5.1)
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2
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.
ELECTRIC FUEL CORPORATION
(Registrant)
By: /s/ Robert S. Ehrlich
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Name: Robert S. Ehrlich
Title: Chairman of the Board and
Chief Financial Officer
Dated: January 15, 2002
3
EXHIBIT INDEX
The following exhibits are filed with the Current Report on Form 8-K.
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Exhibit Number Description
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4.1 Stock Purchase Agreement dated as of January 11, 2002
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5.1 Legal Opinion of Harris Beach LLP
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23.3 Consent of Harris Beach LLP (contained in the opinion filed
as Exhibit 5.1)
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