- Report of Foreign Issuer (6-K)

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

F O R M 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2009

MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)

P.O. Box 70, Industrial Zone, Yahud 56100 Israel
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ] No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _________

This Report on Form 6-K is incorporated by reference into the Registrant's Form S-8 Registration Statements File Nos. 333-96929 and 333-127340.

Magal Security Systems Ltd.

6-K Items

1. Press Release re Magal Security Systems Reports Fourth Quarter 2008 and Year-End 2008 Financial Results dated July 13, 2009.

2. Press Release re Magal Security Systems Announces Filing of Annual Report With the U.S. Securities and Exchange Commission dated July 13, 2009.

ITEM 1

Magal Security Systems Reports Fourth Quarter 2008 and Year-End 2008 Financial Results

Press Release

Source: Magal Security Systems Ltd

On Monday July 13, 2009, 7:08 am EDT

YAHUD, Israel, July 13 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced its consolidated financial results for the three and twelve months periods ended December 31, 2008. Management will hold an investors' conference call later today, at 10am ET Time, 5pm Israel time, to discuss the results.

FOURTH QUARTER 2008 RESULTS

Revenues for the fourth quarter of 2008 totaled US$29.9 million, an increase of 29.1% over the fourth quarter of 2007.

Gross profit for the fourth quarter of 2008 decreased by 22.8% compared with the fourth quarter of 2007, reaching US$6.4 million, or 21.5% of revenues. Gross margin for the quarter was negatively impacted by inventory write off of US$ 2.0 million, compared with US$646,000 in 2007 following the cancellation of a project in Latin America and the write off of certain products and equipment in the Company's North American R&D and manufacturing activities. Gross margin was also impacted by the relatively low gross margin generated by the Company's European system integration subsidiary, consolidated as of September 2007.

Operating loss for the fourth quarter of 2008 was US$21.4 million, compared with operating income of US$763,000 in the fourth quarter of 2007. The quarterly operating loss is attributable to the increase in cost of revenues, impairment of goodwill and other intangible assets amounting to US$12.9 million as well as one-time post employment and termination benefits expenses of US$2.1 million. The impairment charges were primarily attributable to the European system integration subsidiary (acquired in September 2007) and the reduction in the fair value of our U.S. subsidiary.

Net loss in the fourth quarter of 2008, was US$24.0 million, compared with net income of US$2.9 million in the fourth quarter of 2007. Loss per share for the fourth quarter of 2008 was US$2.31, compared with diluted earnings per share of US$0.28 in the same period last year.

FULL YEAR 2008 RESULTS

Revenues for the year ended December 31, 2008 was US$70.4 million, a 2.8% decrease compared with the previous year. The decrease is primarily attributable to the lower revenues generated by our Latin American subsidiary and a reduction in revenues in the United States.

Gross profit for the year decreased by 26.7% to US$21.2 million, or 30.1% of revenues, compared with US$28.9 million, or 39.9% of revenues, in 2007. This decrease is mainly attributable to the afore-mentioned inventory write offs of US$2.0 million in 2008, the contribution of our European subsidiary as indicated above, the 12.8% appreciation of the Israeli Shekel ("NIS") during 2008 against the U.S. dollar which increased the U.S. dollar value of the Company's NIS denominated expenses as well as a loss provision attributable to two strategic projects.

Operating loss for 2008 was US$28.6 million, compared with operating income of US$2.7 million in 2007. The operating loss was primarily attributable to the one-time impairment of goodwill and other intangible asset charges of US$12.9 million and one-time post employment and termination benefits expenses of US$2.6 million, the majority of which were recorded in the fourth quarter of 2008.

Net loss for 2008 was US$32.6 million compared with net income of US$1.9 million in 2007. Net Loss per share for the year ended December 31, 2008 was US$3.14, compared with diluted earnings per share of US$0.18 in the year 2007. Commenting on the results, Mr. Yaacov Perry, the Chairman of the Board of Directors of the Company, said: "Magal, a leading international provider of security, safety, site management and intelligence analysis, has undergone deep refocusing measures in recent months,. which were undertaken with a view to better equip the company to continue to grow and expand and meeting the evolving market demands through its premier portfolio. Looking ahead, Magal is now entering the next stage of its development, and I wish the incoming CEO, Eitan Livneh, the best of success in taking the company to the next echelon of growth and success."

INVESTORS' CONFERENCE CALL INFORMATION:

The Company will host a conference call on July 13, 2009 at 10:00am ET. On the call, management will review and discuss the results and will be available to answer investor questions.

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

US Dial-in Number: 1-888-668-9141
Israel Dial-in Number: 03-918-0610
UK Dial-in Number: 0-800-917-5108
International Dial-in Number: +972-3-918-0610

at: 10:00am Eastern Time; 3:00pm UK Time; 5:00pm Israel Time

A replay of the call will be available from the day after the call. The link to the replay will be accessible from Magal's website at: http://www.magal-ssl.com.

About Magal Security Systems Ltd.:

Magal S3i is a leading international solution provider, in the business of Security, Safety, Site Management and Intelligence analysis. Based on 35 years of experience and interaction with customers, the company has developed a unique set of solutions and products optimized for perimeter, outdoor and general security applications. Magal S3i's turnkey solutions are typically integrated and managed by single sophisticated modular command and control software, supported by expert systems for real-time decision support. Magal S3i's broad portfolio of critical infrastructure and site protection management technologies includes a variety of smart barriers and fences, fence mounted detectors, virtual gates, buried and concealed detection systems as well as a sophisticated protection package for sub-surface intrusion. A world innovator in the development of CCTV, IVA and motion detection technology for outdoor operation, Magal S3i has successfully installed customized solutions and products in more than 75 countries worldwide.

This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward- looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(All numbers except EPS expressed in

 thousands of US$)

 Year Ended December Quarter Ended December
 31, 31,
 2008 2007 % 2008 2007 %
 change change

Revenues 70,355 72,375 (2.8) 29,894 23,155 29.1

Cost of
 revenues 49,205 43,510 13.1 23,476 14,837 58.2

Gross profit 21,150 28,865 (26.7) 6,418 8,318 (22.8)

Operating
 expenses:
Research and
 development,
 net 6,195 5,764 7.5 1,418 1,879 (24.5)
Selling and
 marketing 17,179 12,930 32.9 6,952 3,399 104.5
General and
 administrative 10,888 6,561 66.0 4,378 2,333 87.7
Impairment of
 goodwill and
 other
 intangible
 assets 12,887 - 12,887 -
Post
 employment and
 termination
 benefits 2,582 904 185.6 2,144 (56)

Total
 operating
 expenses 49,731 26,159 90.1 27,779 7,555 267.7

Operating
 income (loss) (28,581) 2,706 (21,361) 763
Financial
 expenses, net 2,006 2,137 (6.1) 224 710 (68.5)

Income (loss)
 from
 continuing
 operations
 before income
 taxes (30,587) 569 (21,585) 53
Income tax
 (tax benefit) 1,618 373 333.8 2,395 (804)

Net Income
 from
 continuing
 operations (32,205) 196 (23,980) 857
Net Income
 (loss) from
 discontinued
 operations (397) 1,686 (46) 2,022
Net income
 (loss) (32,602) 1,882 (24,026) 2,879

Basic net
 earnings per
 share from
 continuing
 operations $(3.11) $0.02 $(2.31) $0.08
Basic net
 earnings
 (loss) per
 share from
 discontinued
 operations $(0.03) $0.16 $(0.00) $0.20
Basic net
 earnings
 (loss) per
 share $(3.14) $0.18 $(2.31) $0.28

Weighted average
 number of shares
 outstanding used
 in computing
 basic net
 earnings per
 share (in
 thousands) 10,397 10,395 10,397 10,397

Diluted net
 earnings per
 share from
 continuing
 operations $(3.11) $0.02 $(2.31) $0.08
Diluted net loss
 per share
 from
 discontinued
 operations $(0.03) $0.16 $(0.00) $0.20
Diluted net
 earnings
 (loss) per
 share $(3.14) $0.18 $(2.31) $0.28
Weighted average
 number of
 shares
 outstanding
 used in computing
 diluted net
 earnings per
 share (in
 thousands) 10,397 10,431 10,397 10,398

CONDENSED CONSOLIDATED QUARTERLY STATEMENTS
OF INCOME

(All numbers except EPS expressed in thousands of US$)

 2008
 Mar. Jun. Sept. Dec.
 31, 30, 30, 31,
 (In thousands

Revenues $13,735 $11,319 $15,407 $29,894
Cost of revenues 8,900 5,897 10,932 23,476
Gross profit 4,835 5,422 4,475 6,418
Operating expenses:
Research and development, net 1,625 1,529 1,623 1,418
Selling and marketing, net 3,142 3,432 3,653 6,952
General and administrative 2,095 2,467 1,948 4,378
Impairment of goodwill and other
 intangible assets - - - 12,887
Post employment and termination
 benefits 438 - - 2,144
Total operating expenses 7,300 7,428 7,224 27,779
Operating income (loss) (2,465) (2,006) (2,749) (21,361)
Financial expenses, net 984 415 383 224
Income (loss) before income taxes (3,449) (2,421) (3,132) (21,585)
Income taxes (tax benefit) (661) (374) 258 2,395
Income (loss) from continuing
operations (2,788) (2,047) (3,390) (23,980)
Loss from discontinued operations,
net (248) (61) (42) (46)
Net income (loss) (3,036) (2,108) (3,432) (24,026)

Management decided to change the accounting method applied to certain projects to the completed-contracts method and to revise the results of operations previously reported for the first three quarters of 2008.

CONDENSED CONSOLIDATED BALANCE SHEETS

(All numbers expressed in thousands of US$)

 December 31, December 31,
 2008 2007
CURRENT ASSETS:
Cash and cash equivalents $ 16,835 $ 9,205
Marketable securities 1,000 9,464
Short term bank deposits 1,228 11,220
Restricted deposit 3,223 -
Trade receivables 15,800 26,775
Unbilled accounts receivable 5,055 4,053
Other accounts receivable and prepaid expenses 5,214 5,753
Deferred income taxes 714 1,936
Inventories 12,728 23,785
Cost incurred on long term contracts 7,646 -
Total current assets 69,443 92,191

Long term investments and receivables:
Long-term trade receivables 1,839 2,019
Long-term loans 519 808
Long-term bank deposits 1,826 1,846
Escrow deposit 860 4,442
Severance pay fund 2,763 2,765
Total long-term investments and receivables 7,807 11,880

PROPERTY AND EQUIPMENT, NET 8,441 8,429

OTHER ASSETS, NET 2,925 7,803

GOODWILL 1,874 5,610

ASSETS ATRIBUTED TO DISCONTINUED OPERATION 47 244

Total assets $90,537 $126,157

CURRENT LIABILITIES:
Short-term bank credit $ 23,182 $ 16,434
Current maturities of long-term bank debt 813 4,303
Trade payables 13,145 7,344
Customer advances 1,735 11,703
Other accounts payable and accrued expenses 14,189 10,,881
Total current liabilities 53,064 50,665

LONG-TERM LIABILITIES:
Long-term bank debt 2,282 3,095
Deferred income taxes 482 2,097
Accrued severance pay 3,823 3,873
Total long-term liabilities 6,587 9,065

LIABILITIES ATRIBUTED TO DISCONTINUED OPERATION 168 849

SHAREHOLDERS' EQUITY 30,718 65,578

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $90,537 $126,157

For more information:

Magal Security Systems Ltd.
Zev Morgenstern, CFO
Tel: +972-3-539-1444
E-mail: zevm@magal-ssl.com.

Web: http://www.magal-ssl.com

GK Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: info@gkir.com.

ITEM 2

Magal Security Systems Announces Filing of Annual Report With the U.S. Securities and Exchange Commission

Press Release

Source: Magal Security Systems Ltd

On Monday July 13, 2009, 9:35 am EDT

YAHUD, Israel, July 13 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS), today announced that its annual report on Form 20-F containing audited consolidated financial statements for the year ended December 31, 2008 has been filed with the U.S. Securities and Exchange Commission. The annual report is available on the Company's website at www.magal-ssl.com as well as on the SEC's website on www.sec.gov. Shareholders may receive a hard copy of the annual report, free of charge, upon request.

About Magal Security Systems Ltd.:

For more information:

Magal Security Systems Ltd.
Zev Morgenstern, CFO
Tel: +972-(3)-539-1444
E-mail: zevm@magal-ssl.com
Web: http://www.magal-ssl.com

GK Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: info@gkir.com

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MAGAL SECURITY SYSTEMS LTD.
(Registrant)

 By: /s/Zeev Morgenstern
 -------------------
 Zeev Morgensten
 Vice President - Finance,
 Chief Financial Officer and Secretary




Date: July 14, 2009

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