Latest Magal Security Systems Stories
YAHUD, Israel, Aug. 1 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (Nasdaq GM: MAGS) announced today that it has received during the past few weeks approximately $5.5 million of orders for projects in Israel and worldwide. The orders from Israel are related to homeland security and have been received from existing customers for new sites and expansions, as well as follow on support. Two of the orders consisting of $1.2 million in the aggregate are to protect overseas critical...
Yahud, ISRAEL, July 21, 2010 /PRNewswire-FirstCall/ -- Magal S3's (NASDAQ: MAGS) Board of Directors met today to consider the letter it received from the dissident shareholders that represent 17.8% of the company's shareholders. The Board found that the offers made by Mr. Kirsh, Plenus Fund and OPTEX, a Japanese company, to be non-comparable, as the OPTEX proposal was condition at on the replacement of the majority of the company's Board of Directors, while the Plenus proposal...
YAHUD, Israel, July 19, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced that it received two non-binding financing proposals from Plenus and Optex Co., Ltd. These proposals were solicited by the shareholders who requested that an Extraordinary General Meeting of the Shareholders be called to replace the majority of the current members of Magal's Board of Directors. Both proposals explicitly state that they are non-binding and are...
YEHUD, Israel, July 12, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GM: MAGS; TASE: MAGS), disclosed today that it has received a letter from its principal shareholder, Mr. Natie Kirsh, in which he notified Magal that he has sent a letter to the shareholders of the Company in which he has indicated unequivocal support for the Company's current Board of Directors and Chairman. The letter also states that Mr. Kirsh is against the current initiative of certain...
YAHUD, Israel, July 1, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced that an Extraordinary Meeting of its shareholders will be held on August 12, 2010 at 10AM in the Company's offices in Yehud, Israel. As requested by certain shareholders, the agenda of the meeting will include their demand that an election take place to replace all of the current board members other than Mr. Nathan Kirsh and the Company's two outside directors...
YAHUD, Israel, June 24, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced that the following resolutions were duly adopted at the 2010 Annual General Meeting of the Shareholders that was duly convened in the offices of the Company on June 23, 2010: 1. The reelection of Mr. J. Perry, Mr. Nathan Kirsh, Mr. Jacob Even-Ezra, Mr. Ze'ev Livne, Mr. J.Nuss and Mr. Barry Stiefel as directors for a term expiring at the 2011 Annual...
YAHUD, Israel, June 21, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced that its Board of Directors considered the request received from certain shareholders to postpone the scheduled Annual General Meeting in order to include in the agenda the election of a slate of directors proposed by them. The Company's Board of Directors resolved that the Annual General Meeting of the Shareholders that was convened over a month ago will...
YAHUD, Israel, June 18, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced that it has received a request from a group of shareholders that an Extraordinary General Meeting of Shareholders be convened to elect a slate of directors nominated by them. Such request is being considered by the Board of directors of Magal. The shareholders, who indicate that they own approximately 17% of the outstanding shares of the Company, are seeking...
YAHUD, Israel, June 9, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced its consolidated financial results for the three month period ended March 31, 2010. Revenues for the first quarter of 2010 totaled US$9.8 million and gross profit for the first quarter of 2010 was US$3.7 million, or 37.4% of revenues. Operating loss for the first quarter of 2010 was US$1.6 million. Financing expenses in the three months ended March 31,...
YEHUD, Israel, June 1, 2010 /PRNewswire-FirstCall/ -- Magal S3 (NASDAQ GM: MAGS; TASE: MAGS), announced today that it will host a conference call to discuss its first quarter 2010 earnings results on June 9, 2010, at 10:00 AM ET, 17:00 PM Israel time. The quarterly results will be published prior to the conference call. To access the conference call, please dial one of the following numbers: US: 1-888-668-9141 International: +972-3-918-0609 Israel: 03-9180609 A...
