pea1_f1.htm
 

 
As filed with the Securities and Exchange Commission on March 2, 2011

Registration No. 333-171320 






 
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
Post-Effective Amendment No. 1 to
FORM F-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
____________________

 
MAGAL SECURITY SYSTEMS LTD.
(Exact Name of Registrant as Specified in its Charter)

 
State of Israel
8413
Not Applicable
(State or Other Jurisdiction of Incorporation or Organization
(Primary Standard Industrial Classification Code Number)
(I.R.S. Employer
Identification No.)

P.O. Box 70, Industrial Zone
Yehud 56100, Israel
Tel: (972)(3)539-1444
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal
Executive Offices)
 

Senstar Inc.
13800 Coppermine Road, Second Floor, Herndon, VA 20171
Attention: President
Tel: 703-463-3088
 
 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

Copies of communications to:
Sarit Molcho, Adv.
S. Friedman & Co. Advocates
Europe Israel House
2 Weizman Street
Tel Aviv 64239 Israel
Tel: +972-3-6931931
Fax: +972-3-6931930
  
Steven J. Glusband, Esq.
Sharon Rosen, Esq.
Carter Ledyard & Milburn LLP
2 Wall Street
New York, NY 10005
Tel: 212-238-8605
Fax: 212-732-3232

Approximate date of commencement of proposed sale to the public: From time to time after this registration statements becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), check the following box.      o

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.      o

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.      o
 
 
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earliest effective registration statement for the same offering.      o
 
 
 

DEREGISTRATION OF SECURITIES
EXPLANATORY NOTE
 
Pursuant to a Registration Statement on Form F-1 (File No. 333-171320), filed by Magal Security Systems Ltd. (the “Company”) with the Securities and Exchange Commission  on December 21, 2010, as amended February 17, 2011, (the “Registration Statement”) and declared effective on February 21, 2011 under the Securities Act of 1933, as amended (the “Securities Act”), the Company registered subscription rights for its shareholders to purchase up to an aggregate of $15 million of its ordinary shares.  The Company has decided not to proceed with the offering and is filing this Post-Effective Amendment No 1. to deregister the subscription rights and the underlying shares and to terminate the effectiveness of the Registration Statement. The Company confirms that no securities have been sold under the Registration Statement.
 

 

 



 


 
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SIGNATURES
 
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it complies with all of the requirements for filing on Form F-1 and has duly caused this amendment to the registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Yehud, Israel, on March 02, 2011.
 
 
Magal Security Systems Ltd.

 
By:
/s/Eitan Livneh
 
Eitan Livneh
 
President and Chief Executive Officer

Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons in the capacities indicated on March 02, 2011.
 
Signature
  
Title
 
 
     *                                           
Jacob Perry
 
  
Chairman of the Board of Directors
/s/Eitan Livneh
Eitan Livneh
 
  
 
President and Chief Executive Officer
/s/Ilan Ovadia
Ilan Ovadia
 
  
 
Chief Financial Officer and Principal Accounting Officer
    *                                  
Jacob Even-Ezra
 
  
 
Director
_________________
Nathan Kirsh
 
  
 
Director
     *                                  
Shaul Kobrinsky
  
 
Director
 
________________
Zeev Livne
 
  
 
Director
    *                                  
Jacob Nuss
 
  
 
Director
    *                                  
Liza Singer
 
  
 
Director
     *                                  
Barry Stiefel
 
  
 
Director
Senstar Inc.
By: /s/Paul Trouten
Name: Paul Trouten
Title: Acting President and Manager
  
 
Authorized Representative in the United States
 
*By: /s/Ilan Ovadia
        Ilan Ovadia
         Attorney-in-fact
    

 
 

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