Magnetek (MAG) Board Approves One-for-Ten Reverse Split

Magnetek, Inc. (NYSE: MAG) announced today that its Board of Directors has approved a 1-for-10 reverse split of its common stock. As previously disclosed in the Form 8-K filed November 10, 2011, the Company’s stockholders approved an amendment to Magnetek’s Restated Certificate of Incorporation to effect a reverse stock split of its common stock at any whole number ratio between 1-for-2 and 1-for-10, with the final decision to be determined by the Company’s Board of Directors in its discretion, but not later than December 31, 2012.

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