# EDGAR Filing Document

**Accession Number:** 0001337117
**File Stem:** 0001178913-23-000787
**Filing Date:** 2023-2
**Character Count:** 7346
**Document Hash:** f744de53d7d66f486fdf92e0f55006fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-23-000787.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001178913-23-000787

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ituran Location & Control Ltd.
- **CENTRAL INDEX KEY:** 0001337117
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** L3
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32618
- **FILM NUMBER:** 23678786

**BUSINESS ADDRESS:**
- **STREET 1:** 3 HASHIKMA STREET
- **CITY:** AZOOR
- **STATE:** L3
- **ZIP:** 58001
- **BUSINESS PHONE:** 972-3-557-1333

**MAIL ADDRESS:**
- **STREET 1:** 3 HASHIKMA STREET
- **CITY:** AZOOR
- **STATE:** L3
- **ZIP:** 58001

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### SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

________________________

### FORM 6-K
REPORT OF FOREIGN ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<br> SECURITIES EXCHANGE ACT OF 1934

February 28, 2023

Commission File Number: 001-32618

### Ituran Location and Control Ltd.
*(Exact name of Registrant as specified in its Charter)*

________________________

#### 3 Hashikma Street, Azour 58001, Israel
*(Address of Registrant's principal executive offices)*

________________________

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):

Yes ☐ No ☒

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______

This 6-K Report of Ituran, is incorporated by reference into Ituran registration statement on Form F-3 (File No. 333-222289).

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On February 28, 2023, Ituran Location and Control Ltd. issued a press release announcing its board of directors resolution expansion of the company's ongoing repurchase program.

The following document is attached hereto and incorporated by reference herein:

[**<u>Exhibit 99.1</u>** Press release, dated February 28, 2023 titled "Ituran Location & Control" Announces $10 Million Expansion of the Share Repurchase Program"](exhibit_99-1.htm)

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#### SIGNATURE
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, thereto duly authorized.

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| | |
|:---|:---|
| ITURAN LOCATION & CONTROL LTD. | ITURAN LOCATION & CONTROL LTD. |
|  | (Registrant) |
| By:  | /s/ Eyal Sheratzky |
|  | Name: Eyal Sheratzky |
|  | Title: Co-Chief Executive Officer<br>Date: February 28, 2023 |

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## Exhibit 99.1

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<u>Exhibit 99.1</u>

#### ITURAN LOCATION AND CONTROL LTD.

#### Announces $10 Million Expansion of Share Repurchase Program
**AZOUR, Israel – February 28, 2023** – Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), announced today that its board of directors has authorized a $10.0 Million expansion of the company's ongoing share repurchase program.

The Share Repurchase Program initially authorized 25 million USD share repurchase, which was partially executed during years 2019-2022 (21.7 Million USD) .

Share repurchases, if any, will be funded by available working capital. Repurchases of the Company's ordinary shares will be made based on Rule10b-18 terms. Share repurchases may be suspended or discontinued at any time.

Under the extended repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or by other means in accordance with applicable securities laws and regulations. The actual timing, number and value of shares repurchased will depend on market conditions, share price, trading volume and other factors. For all or a portion of the authorized repurchase amount, Ituran may enter into a plan that is compliant with Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 that is designed to facilities these purchases. The repurchase program does not require Ituran to acquire a specific number of shares and may be suspended from time to time or discontinued.

#### Management Comment

#### <br>
**Eyal Sheratzky, Co-CEO of Ituran said** "We believe that the ability to buy back our own shares, depending on market conditions, is a tool that will contribute to shareholder value over the long term."

Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.

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#### About Ituran
Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to over 2 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran's website, at: <u>www.ituran.com</u>

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| | |
|:---|:---|
| **Company Contact** | **International Investor Relations** |
| Udi Mizrahi<br> <u>udi_m@ituran.com</u><br> **Deputy CEO &VP Finance, Ituran**<br> (Israel) +972 3 557 1348 | Ehud Helft<br> <u>ituran@gkir.com</u><br> **GK Investor & Public Relations**<br> (US) +1 646 201 9246 |

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