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Latest Magal Security Systems Stories

2010-07-12 08:24:00

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...

2010-07-01 10:05:00

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...

2010-06-24 11:37:00

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 General...

2010-06-21 02:09:00

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 take...

2010-06-18 01:34:00

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 to...

2010-06-09 05:58:00

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, 2010...

2010-06-01 04:11:00

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...

2010-05-23 09:05:00

YEHUD, Israel, May 23, 2010 /PRNewswire-FirstCall/ -- Magal S3 (NASDAQ GM: MAGS; TASE: MAGS), announced today that it is implementing a second phase of its reorganization plan, designed to enable the company to execute on its new strategic plan and cope with the global trends, specifically the European economy slowdown. Magal's strategic intent is to expand international sensor sales and refocus on projects in preferred regions. As part of this plan, the company announced internal...

2010-04-28 07:17:00

YAHUD, Israel, April 28, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS;) announced today that it is in the final stages of implementation with two safe city projects in Savyon and Nazareth, Israel. Both projects provide integration of multiple security products and systems including cameras, emergency buttons, and locating systems. In Savyon, the focus of the project is on the safety of children in schools and daycare centers. An important element of...

2010-04-21 05:30:00

YEHUD, Israel, April 12, 2010 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ: MAGS, TASE: MAGS) announced today that it has received an advance payment of 30% of a $13.5 million contract that is expected to be signed soon. The contract includes modernizing and upgrading the indoor security systems of three high-security prisons in Latin America. The facilities will remain operational throughout the implementation period, which is expected to last approximately two...