On November 9, 2011 at 11:00 a.m. Eastern Standard Time Magnetek, Inc.
("Magnetek” or "the Company”) (NYSE: MAG) will hold its annual meeting
of stockholders at its headquarters in Menomonee Falls, Wis. The meeting
will be chaired by the Company’s chairman, Mitchell Quain, and following
the proceedings, the Company’s president and chief executive officer,
Peter McCormick, will present the annual management report to
stockholders.
In a subsequent event, on November 16, 2011 before commencement of
trading on the New York Stock Exchange, Magnetek will announce the
results of its Transition Period 2011 first quarter, which ended on
October 2, 2011. A conference call with Magnetek management will follow
at 11:00 a.m. Eastern Standard Time.
Magnetek’s annual meeting of stockholders, as well as its Transition
Period 2011 first quarter results conference call, will be webcast on
the Investor Relations page of the Company’s Web site at www.magnetek.com.
Both presentations will be supplemented by slides appearing on the
Company’s Web site. Listeners are encouraged to view these materials in
conjunction with each event. Replays of the annual stockholders meeting
and Transition Period 2011 first quarter results conference call will be
available on the Company’s Web site for a limited period of time.
The webcasts are also being distributed through the Thomson Reuters
StreetEvents Network. Individual investors can listen to the
presentations at www.earnings.com,
Thomson Reuters’ individual investor portal. Institutional investors can
access the presentations at www.streetevents.com,
Thomson Reuters’ password-protected event management site.
About Magnetek, Inc.
Magnetek, Inc. is a leading provider of digital power and motion control
systems used in overhead material handling, elevator, and energy
delivery applications. The Company is North America’s largest supplier
of Energy Engineered® digital drive systems for industrial
cranes, hoists and monorails, and provides radio remote controls,
motors, and braking and collision avoidance subsystems to North
America’s foremost overhead material handling crane builders. Magnetek
is also the world’s largest independent builder of highly integrated
digital motion control systems for high-rise, high-speed elevators.
In
energy delivery, the Company develops and markets digital power
inverters that connect renewable energy sources to the utility grid and
is a leading independent supplier of digital motion control systems for
underground coal mining applications. Magnetek is headquartered in
Menomonee Falls, Wis., in the greater Milwaukee area and operates
manufacturing facilities in Pittsburgh, Pa., and Canonsburg, Pa., as
well as Menomonee Falls.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including the timing of the Company’s annual stockholder’s meeting and
announcement of transition period 2011 first quarter results.
These
forward-looking statements are based on the Company's expectations and
are subject to risks and uncertainties that cannot be predicted or
quantified and are beyond the Company's control. Future events and
actual results could differ materially from those set forth in,
contemplated by, or underlying these forward-looking statements. Other
factors that could cause actual events and results to differ materially
from expectations are described in the Company's reports filed with the
Securities and Exchange Commission pursuant to the Securities Exchange
Act of 1934.
