On May 1, 2012 at 11:00 a.m. Eastern Daylight Time Magnetek, Inc. (“Magnetek” or “the Company”) (NASDAQ: 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 transition period 2011 management report to stockholders. The Company’s six-month transition period ended on January 1, 2012.
In a subsequent event, on May 9, 2012 before commencement of trading on NASDAQ, Magnetek will announce the results of its fiscal 2012 first quarter, which ended on April 1, 2012. A conference call with Magnetek management will follow at 11:00 a.m. Eastern Daylight Time.
Magnetek’s annual meeting of stockholders, as well as its fiscal 2012 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 fiscal 2012 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 stockholders’ meeting and announcement of fiscal 2012 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.
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