Winners Circle

[usasingh1]

ARTX: Proxy Vote; Dirs; Auth Shrs; Auditor; Stk Op Plan

Monday , April 19, 2004 16:18 ET

According to a PRE 14A filed Monday, the Annual Meeting of Stockholders of Arotech Corporation (NasdaqNM: ARTX) may be held in the Ballroom of the Shelburne Murray Hill Hotel, 303 Lexington Avenue, New York, New York, on Monday, June 14, 2004 at 10:00 a.m. local time, for the following purposes:

1. To fix the number of Class III directors at three and to elect three Class III directors for a three-year term ending in 2007 and continuing until their successors are duly elected and qualified.

2. To consider and act upon a proposal to ratify the appointment of Kost, Forer, Gabbay & Kassierer, independent certified public accountants in Israel and a member firm of Ernst & Young International, as independent accountants for the fiscal year ending December 31, 2004.

3. To consider and act upon a proposal to amend Amended and Restated Certificate of Incorporation to increase authorized common stock from 100,000,000 shares to 250,000,000 shares.

4. To consider and act upon a proposal to amend the terms of 1995 Non-Employee Director Stock Option Plan to increase initial grants to new non-employee directors from 25,000 options to 40,000 options, and to increase annual grants to non-employee directors from 10,000 options to 25,000 options.

5. To consider and act upon a proposal to approve and adopt the 2004 Stock Option and Restricted Stock Purchase Plan.

This preliminary information is subject to regulatory approval.