SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2009
MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)
P.O. Box 70, Industrial Zone, Yahud 56100 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] 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): [ ]
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): [ ]
Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- _________
This Report on Form 6-K is incorporated by reference into the Registrant's Form
F-3 Registration Statements File Nos. 333-9050 and 333-123265 and Form S-8
Registration Statement File No. 333-06246.
Magal Security Systems Ltd.
6-K Items
1. Press Release re Magal Announces Appointment of Hagai Katz as General
Manager of its Magal Israel Division and Corporate VP Marketing &
Products dated April 16, 2009.
2. Press Release re Magal Security Systems Ltd. Appoints Zev Morgenstern
as its New Chief Financial Officer dated April 16, 2009.
ITEM 1
Press Release Source: Magal Security Systems Ltd
Magal Announces Appointment of Hagai Katz as General Manager
of its Magal Israel Division and Corporate VP Marketing & Products
Thursday April 16, 2009, 5:52 am EDT
YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd.
(NASDAQ GM: MAGS; TASE: MAGS), today announced that Mr. Hagai Katz has joined
the Company as General Manager of the Magal Israel Division, and will be
reporting directly to Yoav Stern, Acting President & CEO. Mr. Katz will also act
as the Corporate VP of Marketing & Products.
Prior to his appointment and from 2007, Mr. Katz served as the CEO of Transtech
Airport Solutions Ltd. From 2004, Mr. Katz was the CEO of UK-based UAV Tactical
Systems Ltd. Prior to that, Mr. Katz served in a number of leading technology
companies, including Nice Systems (NASDAQ: NICE - News), where he functioned in
various senior positions including COO and President of Nice Systems' Video
Analytics Division.
Mr. Katz holds a B.A. degree in Computer Sciences from the Technion, the Israeli
Institute of Technology and an M.Sc. in Business Engineering from the Ben-Gurion
University of the Negev.
Mr. Yoav Stern, the Company's acting President and CEO, commented, "Hagai is an
important and valuable addition to Magal's team and we are very pleased to
welcome him. Hagai brings comprehensive knowledge in the successful operation of
global and growing mid-sized companies. In particular, we look forward to
leveraging his extensive experience in the fields of Video Processing, Security
and Command and Control Systems. I wish him the very best of success in his
new role."
About Magal Security Systems Ltd.:
Magal S3i is a leading international solutions provider of Safety, Security,
Site Management and Intelligence gathering and compilation. Based on 35 years of
experience and interaction with customers, the company has developed a unique
set of solutions and products, optimized for perimeter, outdoor and general
security applications. Magal S3i's turnkey solutions are typically integrated
and managed by sophisticated modular command and control software, supported
by expert systems for real-time decision support. The company's portfolio of
Critical Infrastructure Protection (CIP) and site protection technologies
includes a variety of smart barriers and fences, fence mounted detectors,
virtual gates, buried and concealed detection systems and a sophisticated
protection package for sub-surface intrusion. A world innovator in the
development of CCTV, IVA and motion detection technology for outdoor operation,
Magal S3i has successfully installed customized solutions and products in more
than 75 countries worldwide.
This press release contains forward-looking statements, which are subject to
risks and uncertainties. Such statements are based on assumptions and
expectations which may not be realized and are inherently subject to risks and
uncertainties, many of which cannot be predicted with accuracy and some of which
might not even be anticipated. Future events and actual results, financial and
otherwise, may differ from the results discussed in the forward-looking
statements. A number of these risks and other factors that might cause
differences, some of which could be material, along with additional discussion
of forward-looking statements, are set forth in the Company's Annual Report on
Form 20-F filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems Ltd :
Yoav Stern
Assistant: Ms. Elisheva Almog
E-mail: elisheva@magal-ssl.com
Tel: +972-3-539-1421
Cell: +972-54-9255877
GK Investor Relations:
Ehud Helft/Kenny Green
E-mail: info@gkir.com
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
ITEM 2
Press Release Source: Magal Security Systems Ltd
Magal Security Systems Ltd. Appoints Zev Morgenstern as its
New Chief Financial Officer
Thursday April 16, 2009, 5:47 am EDT
YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd.
[NASDAQ: MAGS; TASE: MAGS] announced today the appointment of Mr. Zev
Morgenstern as its new Chief Financial Officer. As of today Mr. Morgenstern will
replace Ms. Lian Goldstein, who has advised the Company of her resignation for
personal reasons.
Mr. Morgenstern has over 20 years of experience in financial management. Prior
to his appointment at Magal, Mr. Morgenstern served for 11 years as Chief
Financial Officer of Advanced Vision Technology Ltd., a public company traded on
the Frankfurt Stock Exchange, a world's leading supplier of automatic optical
inspection and quality assurance systems for the printing industry. He
previously served as Finance Manager of Precise Software Solutions, a company
listed on the NASDAQ stock exchange, headquartered in Boston, MA. Mr.
Morgenstern is a CPA and has also served as a senior auditor at KPMG.
Yoav Stern, acting President and CEO, stated, "We wish Lian well, and understand
and support her decision. We look forward to Mr. Morgenstern's contribution in
realizing Magal's growth potential and we are confident that given his broad
experience and impressive track record, he will play an integral role in our
management team."
About Magal Security Systems Ltd.:
Magal S3i is a leading international solutions provider of Safety, Security,
Site Management and Intelligence gathering and compilation. Based on 35 years
of experience and interaction with customers, the company has developed a
unique set of solutions and products, optimized for perimeter, outdoor and
general security applications. Magal S3i's turnkey solutions are typically
integrated and managed by sophisticated modular command and control software,
supported by expert systems for real-time decision support. The company's
portfolio of Critical Infrastructure Protection (CIP) and site protection
technologies includes a variety of smart barriers and fences, fence mounted
detectors, virtual gates, buried and concealed detection systems and a
sophisticated protection package for sub-surface intrusion. A world innovator
in the development of CCTV, IVA and motion detection technology for outdoor
operation, Magal S3i has successfully installed customized solutions and
products in more than 75 countries worldwide.
This press release contains forward-looking statements, which are subject to
risks and uncertainties. Such statements are based on assumptions and
expectations which may not be realized and are inherently subject to risks and
uncertainties, many of which cannot be predicted with accuracy and some of which
might not even be anticipated. Future events and actual results, financial and
otherwise, may differ from the results discussed in the forward-looking
statements. A number of these risks and other factors that might cause
differences, some of which could be material, along with additional discussion
of forward-looking statements, are set forth in the Company's Annual Report on
Form 20-F filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems Ltd
Yoav Stern
Assistant: Ms. Elisheva Almog
E-mail: elisheva@magal-ssl.com
Tel: +972-3-539-1421
Cell: +972(54)9255877
GK Investor Relations
Ehud Helft/Kenny Green
E-mail: info@gkir.com
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
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, thereunto duly authorized.
MAGAL SECURITY SYSTEMS LTD.
(Registrant)
By: /s/Yoav Stern
-------------
Yoav Stern
Acting President and
Chief Executive Officer
Date: April 20, 2009