0001178913-20-000795.txt : 20200312 0001178913-20-000795.hdr.sgml : 20200312 20200312120316 ACCESSION NUMBER: 0001178913-20-000795 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200312 FILED AS OF DATE: 20200312 DATE AS OF CHANGE: 20200312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGAL SECURITY SYSTEMS LTD CENTRAL INDEX KEY: 0000896494 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21388 FILM NUMBER: 20707732 BUSINESS ADDRESS: STREET 1: P O BOX 70 STREET 2: INDUSTRIAL ZONE CITY: YAHUD ISRAEL STATE: L3 ZIP: 5600 BUSINESS PHONE: 972-3-5391444 MAIL ADDRESS: STREET 1: P.O. BOX 70, STREET 2: INDUSTRIAL ZONE CITY: YAHUD STATE: L3 ZIP: 56100 6-K 1 zk2024156.htm 6-K

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 March 2020

MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)

P.O. Box 70, Industrial Zone, Yahud 5610001 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 ☒          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 ☒

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 Statement File No. 333-217063 and Form S-8 Registration Statements File Nos. 333-127340, 333-164696, 333-174127 and 333-190469.


Magal Security Systems Ltd.

EXPLANATORY NOTE

The following exhibit is attached:
   
99.1
Press Release: Magal Security Systems Announces New Leadership Appointments Enhancing Organizational Structure dated March 9, 2020.

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/ Doron Kerbel
  
   
Doron Kerbel
  
   
V.P. General Counsel & Company Secretary
  

Date:  March 12, 2020

EXHIBIT INDEX
EXHIBIT NO.
DESCRIPTION
   

          

 EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1
EXHIBIT 99.1

Magal Security Systems Announces New Leadership Appointments Enhancing
Organizational Structure
 
New division heads for Integrated Solutions (Projects) and Senstar (Products) Divisions to support Company’s growth objectives
 
YEHUD, ISRAEL – March 09, 2020 Magal Security Systems, LTD. (Nasdaq: MAGS), a leading international provider of comprehensive physical, video and access control security products and solutions, as well as critical site management, announced today new leadership appointments that will enhance its organizational structure, leverage the Company’s project and product capabilities, streamline execution and improve performance globally. These appointments bring broad industry and operational expertise with proven records of execution.

Arnon Bram, was appointed General Manager of Magal Integrated Solutions (Projects) Division in February 2020. Mr. Bram brings extensive experience in international sales, multi-year strategy setting and execution, international customers management, multi-disciplinary engineering development, programs, production and large-scale supply chain management. Most recently, Mr. Bram served as Business Unit Manager at Elbit Systems (NASDAQ:ESLT) where he successfully led the DIRCM (Directional Infrared Counter Measures) division. Previously, Mr. Bram served as Chief Executive Officer of UAV Tactical Systems, a joint venture between Elbit Systems and the U.K. division of Thales Group in the field of Unmanned Air Vehicles. Earlier in his career, Mr. Bram held various leadership roles in program management, operations and engineering at Elbit Systems. Mr. Bram holds a B.Sc. degree in Information Systems Engineering from the Technion-Israel Institute of Technology, Haifa, Israel.
 
Fabien Haubert was appointed Managing Director of Magal’s Products Division (Senstar group of companies) in January 2020. Mr. Haubert joined Senstar in 2018 as Vice President of Sales, EMEA, where he streamlined sales and support organizations, leading to significant growth in the region. In his new role, Mr. Haubert will strengthen Senstar’s position as a global leader of physical security solutions with a focus on addressing the specific needs of key vertical markets. Prior to joining Senstar, Mr. Haubert held senior roles at leading companies in the areas of video management, IP video surveillance, intrusion detection, access control and system integration. Mr. Haubert has a technical background with a Master of Science degree in Telecom Engineering, as well as a Master of Management and Strategy of International Business degree. Mr. Haubert will be relocating to Senstar’s Ottawa, Canada headquarters.
 
Mr. Dror Sharon, Chief Executive Officer of Magal, said “these new leadership appointments align our leadership go-to-market strategy for both divisions and support our growth objectives. Now with division leadership that reports directly to me, both divisions will have a streamlined organizational structure focused on strategy execution and driving sales. The security landscape is evolving, and advanced technologies are driving new opportunities for Magal. These new appointments are an important milestone in delivering on our commitment to deliver long-term growth and profitability and enhance shareholder value.”
 
About Magal Security Systems, LTD.
 
Magal is a leading international provider of comprehensive physical, video and access control security products and solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor‐made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries ‐ under some of the most challenging conditions. Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G ‐ our 4th generation, cutting‐edge physical security information management system (PSIM). The solutions leverage our broad portfolio of home‐grown PIDS (Perimeter Intrusion Detection Systems), Symphony ‐ our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.


Forward Looking Statements
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.

IR Contact:

Brett Maas
Managing Partner
Hayden IR
646-536-7331
Brett@HaydenIR.com
 
Magal Security Systems Ltd.
 
Diane Hill, Assistant to the CEO
Tel: +972-3-539-1421
E-mail:  dianeh@magal-s3.com
Web:  www.magalsecurity.com