Magnetek, Inc. (“Magnetek” or “the Company,” NASDAQ: MAG) today
announced that, on September 5, 2014, it made a voluntary excess
contribution of 250,000 shares of Magnetek common stock to its defined
benefit pension plan (the “plan”). The contribution, which represents
less than 5 percent of total pension plan assets, consists of newly
issued Magnetek shares and is fully tax-deductible.
Magnetek, Inc. (NASDAQ: MAG), a leading supplier of digital power and
motion control systems, today announced it received an order valued at
over $1 million to modernize the controls on four 300-ton power plant
cranes for the Hoover Dam.
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