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
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.
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.
|
|
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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