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Magnetek

Digital Power and Motion Control Systems Supplier

Magnetek, Inc., is a technology company founded in 1984 and headquartered in Menomonee Falls, Wisconsin, and is a NASDAQ Global Market listed company. The company develops, manufactures, and markets digital power and motion control systems for material handling, people-moving and mining applications. Its power control systems serve the needs of selected niches of traditional and emerging commercial markets that are becoming increasingly dependent on "smart" power.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1984Founded1

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  • TickerMAG on NASDAQ1
  • IndustryElectronic Components, NEC1
  • HeadquartersMenomonee Falls1
  • Incorporated inDE4
  • Business addressN49 W13650 Campbell Drive, Menomonee Falls, Wi 530514
  • Filer categorySmaller reporting company4

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Magnetek, Inc., is a technology company founded in 1984 and headquartered in Menomonee Falls, Wisconsin, and is a NASDAQ Global Market listed company. The company develops, manufactures, and markets digital power and motion control systems for material handling, people-moving and mining applications. Its power control systems serve the needs of selected niches of traditional and emerging commercial markets that are becoming increasingly dependent on "smart" power. Magnetek operates four ISO9001:2008 certified research and manufacturing facilities in North America.3

What it owns

What Magnetek reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$2.0M6 Dec 28, 2014$2.0M6 Dec 29, 2013−0.1%
Machinery and equipment$21.1M6 Dec 28, 2014$21.3M6 Dec 29, 2013−0.9%
Accumulated depreciation$20.1M6 Dec 28, 2014$20.5M6 Dec 29, 2013−1.9%
Property and equipment, net$2.9M6 Dec 28, 2014$2.7M6 Dec 29, 2013+7.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.7M6 Dec 28, 2014$15.0M6 Dec 29, 2013−35.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$30.4M6 Dec 28, 2014$30.4M6 Dec 29, 2013−0.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.6M6 Dec 28, 2014$13.3M6 Dec 29, 2013+2.3%
Work in process$1.3M6 Dec 28, 2014$1.3M6 Dec 29, 2013−6.8%
Finished goods$3.7M6 Dec 28, 2014$3.4M6 Dec 29, 2013+6.3%

The story

1984 – Magnetek is formed through the LBO of Litton's Magnetics Group, including Louis Allis Drives & Systems.

1985 – Magnetek acquires Power Controls Corp., Pittsburgh, Pa.

1986 – Magnetek acquires Century Electric with Yaskawa drives distribution franchise in U.S.

1991 – Magnetek acquires Plessey Valdarno in Italy.

1999 – Magnetek sells Century Electric, Magnetek acquires Electromotive Systems and Mondel Engineering.

2000 – Magnetek acquires J-Tec, Inc.

2001 – Magnetek acquires ADS, Inc. and sells drives distribution and lighting businesses, Elevator Products business moves to Menomonee Falls, Wisconsin.

2002 – Magnetek acquires LAB Communications

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2003 – Magnetek acquires Telemotive Industrial Controls; Power Conversion and Alternative Energy businesses move to Menomonee Falls, Wisconsin.

2004 – Magnetek relocates Telemotive business to Menomonee Falls, Wisconsin.

2006 – Magnetek announces the divestiture of its Power Electronics Group headquartered in Italy. Worldwide headquarters moved to Menomonee Falls, Wisconsin.

2008 – Magnetek acquires Enrange, LLC.

2009 – Magnetek announces divestiture of Telecom Power Business

2015 – Magnetek is acquired by Columbus McKinnon Corporation

From Wikipedia’s article on Magnetek, shared under CC BY-SA 4.0.5

Leadership

Who has led Magnetek, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas G. Boren2006
  2. Peter M. McCormick2009–2015

President

  1. Thomas G. Boren2006
  2. David P. Reiland2007–2008
  3. Peter M. McCormick2009–2015

Chief financial officer

  1. Marty J. Schwenner2007–2015
1990200020102020
Board members and other officers (21)

Products and brands

Business Areas

Magnetek currently primary areas of business:

Material Handling

People Moving

Mining

Read the full text

Divisions

Magnetek Elevator

Magnetek Material Handling

Magnetek Mining

From Wikipedia’s article on Magnetek, shared under CC BY-SA 4.0.5

Former names

  • MAGNETEK INCOct 28, 1994 to Jan 11, 20074

Timeline

  1. Jan 5, 2009New chief executive Peter M. McCormick becomes CEO7
  2. Oct 27, 2006New chief executive Thomas G. Boren becomes CEO8
  3. 1984Founded Founded1

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 8, 2024Debbie Wasserman SchultzDemocratic, HouseBuy$1,001 - $15,000Report
Jan 5, 2024Debbie Wasserman SchultzDemocratic, HousePartial sale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Magnetek is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMAGNETEK, INC.2
  • CIK0000751085
  • Employer ID (EIN)95-39175842
  • Filer statusSmaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsJanuary 32
  • Industry code (SIC)3679 Electronic Components, NEC2
  • Business addressN49 W13650 Campbell Drive, Menomonee Falls, WI 530512
  • Phone262-783-35002
  • Shares outstanding3,568,227 as of Aug 1, 201530
  • Public float$72.8M as of Jun 27, 20146
  • On EDGAR sinceJan 7, 19942
  • Filings1,153 in all: 4 (487), 8-K (181), SC 13G/A (96), 10-Q (65), SC 13G (58), DEF 14A (23), 4/A (18), SC 13D/A (18)2
    All 51 form types

    10-K (17), 11-K (16), 3 (15), S-8 POS (15), EFFECT (14), S-8 (12), 424B3 (11), POS AM (11), S-3 (8), UPLOAD (8), CORRESP (7), SC 13D (7), 8-K/A (6), 10-K405 (4), 10-Q/A (4), 144 (4), 8-A12B (4), DEFA14A (4), S-3/A (4), NT 10-K (3), SC14D9C (3), 144/A (2), 8-A12B/A (2), NT 11-K (2), PRE 14A (2), SC 14D9/A (2), SC TO-C (2), SC TO-T/A (2), SD (2), 10-K/A (1), 10-KT (1), 10-KT/A (1), 15-12B (1), 25 (1), 25-NSE (1), 3/A (1), 5 (1), ARS (1), CERTNAS (1), CERTNYS (1), REGDEX (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2015
    Quarterly report (10-Q) Aug 4, 2015
    Proxy statement (DEF 14A) Apr 1, 2015
    Latest 8-K (8-K) Sep 2, 2015

Sources

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