Magnetek, Inc. to Hold its Annual Stockholder Meeting on April 30th and Announce its Fiscal 2014 First Quarter Results on May 7th
MENOMONEE FALLS, Wis. - April 9, 2014 -On April 30, 2014 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. Following the proceedings, the Company’s president and chief executive officer, Peter McCormick, will present the fiscal year 2013 management report to stockholders. The Company’s fiscal year 2013 ended on December 29, 2013.
In a subsequent event, on May 7, 2014, before commencement of trading on the NASDAQ, Magnetek will announce the results of its fiscal 2014 first quarter, which ended on March 30, 2014. 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 2014 first quarter results conference call, will be webcast on the Investor Relations page of the Company’s website at www.magnetek.com
. Institutional investors can also access both webcasts at Thomson Reuters’ password-protected event management website at www.streetevents.com
The Company’s annual stockholders’ meeting presentation and fiscal 2014 first quarter results presentation will both be supplemented with slides appearing on the Company’s website. Listeners are encouraged to view these materials in conjunction with each event. Replays of the events will be available on the Company’s website for a limited time.
About Magnetek, Inc.
Magnetek, Inc. provides digital power and motion control systems used in overhead material handling, elevator, and mining applications. The Company is North America’s largest supplier of digital drive systems for industrial cranes, hoists, and monorails. Magnetek provides Energy Engineered® drives, radio remote controls, motors, and braking and collision avoidance subsystems to North America’s foremost overhead material handling crane builders. The Company is also the world’s largest independent builder of highly integrated digital motion control systems for high-rise, high-speed elevators 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 Bridgeville, 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 announcement of fiscal 2013 third 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.