FOR IMMEDIATE RELEASE
Current MAGAL Board Receives Support of Extraordinary Shareholder Meeting
YAHUD, Israel – Aug 12, 2010 -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS;) announced
today the results of the extraordinary general shareholders meeting that was convened at the request of certain
U.S. - based shareholders. At the meeting, the current Board of Directors was supported by 60.04% of the
shareholders who participated in the meeting, 39.71% of the votes cast voted for the replacement of the current
Board and 0.23% abstained.
In addition, the resolution to approve certain transactions with Nathan Kirsh, the principal shareholder of
the Company was approved by 51.54% of the shareholders who participated in the meeting, 48.09% of the
votes cast voted against the transactions and 0.31% abstained.
Commenting on the results of the meeting, Jacob Perry, Magal's Chairman of the Board, noted: "I have been
involved in public affairs for several decades. I joined Magal in order to assist the company, its employees and
its shareholders, and to lead the Company to positive results during difficult and uncertain times in the world
economy. Together with the other members of the Board, management and employees, we are investing
substantial efforts to streamline the structure of Magal and to make other positive changes in order to improve its
Magal is a good company with good people. It requires operational stability, support by its shareholders and a
calm atmosphere which fosters both creativity and entrepreneurial initiatives. The recent events caused great
damage and instability among Magal's employees and management.
The Company's future lies in my hands as well as the hands of the other members of the Board, senior
management and employees. We will also need the continued support of our shareholders. My task in the next
few months is to re-stabilize the Company and prepare it for the future, including seeking strategic alternatives t