Form 6-K MAGAL SECURITY SYSTEMS For: Sep 06
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 September 2016
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 S 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 S
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 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
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Press Release: Magal Announces Appointment of Kobi Vinokur as Chief Financial Officer dated September 6, 2016.
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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.
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(Registrant)
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By: /s/Saar Koursh
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Saar Koursh
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Chief Executive Officer
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Date: September 6, 2016
EXHIBIT INDEX
EXHIBIT NO.
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DESCRIPTION
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99.1
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Press Release: Magal Announces Appointment of Kobi Vinokur as Chief Financial Officer dated September 6, 2016.
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EXHIBIT 99.1
PRESS RELEASE
MAGAL ANNOUNCES APPOINTMENT OF KOBI VINOKUR AS CHIEF FINANCIAL OFFICER
YEHUD, Israel – Sep. 6th, 2016 -- Magal Security Systems Ltd. (NASDAQ: MAGS) announced today that Mr. Kobi Vinokur has been appointed as CFO of the Company. Mr. Vinokur will replace Mr. Ilan Ovadia, who has been Magal’s CFO since 2009. Mr. Vinokur is expected to replace Mr. Ovadia following a transition period.
Mr. Vinokur joins Magal following a successful career in finance leadership roles at various global organizations. Mr. Vinokur previously served for three years as Chief Financial Officer of Miya (Arison Group), a global provider of comprehensive water efficiency solutions and a water utilities operator. Prior to that, Mr. Vinokur served in several key leadership positions at Brink's Company (NYSE: BCO), a global leader in cash logistics, including Chief Financial Officer - Developing Markets division, Director of Procurement – EMEA division and Director of Finance – Global Services division. Prior to his career with Brink's, Mr. Vinokur served as an Executive Director at Shapira Films, one of the leading film distribution and production companies in Israel, as well as a Head of Treasury at the Ministry of Defence of Israel.
In 2016, the Israeli CFO Forum honoured Mr. Vinokur with its annual CFO Excellence award. Mr. Vinokur, a certified public accountant in the United States and Israel, holds a B.A. degree in Accounting and Economics (magna cum laude) from Haifa University and a M.B.A. degree (cum laude) from Tel Aviv University. Mr. Vinokur is also a graduate of Harvard Business School's Leadership Development Program.
Magal’s CEO Mr. Saar Koursh, commented: "We look forward to having Kobi join us and assist us in moving to the next stage of our Company’s growth. Kobi brings many years of solid experience in organizations from both the private sector, including Brinks and Miya of the Arison Group, as well as the governmental and defense sectors.”
Mr. Koursh added: “I would like to thank Ilan for his long and valuable contribution to Magal. I wish Ilan well and much success in his future endeavors.”
About Magal
Magal is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Over the past 45 years, Magal has delivered 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 PSIM (Physical Security Information Management system). The solutions leverage our broad portfolio of homegrown PIDS (Perimeter Intrusion Detection Systems), advanced VMS with native IVA and Cyber Security solutions.
For more information:
Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972 3 539 1421
Assistant: Ms. Elisheva Almog
E-mail: [email protected]
Web: www.magal-s3.com
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GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1 646 688 3559
E-mail: [email protected]
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