MAG on NASDAQ

Magnetek

Digital Power and Motion Control Systems Supplier

Price unavailable

Last updated Oct 19, 2026.

Overview

1984Founded¹

Compare with another stock.

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

See how the biggest companies compare on our leaderboards

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

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

Read the full text

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

President

Chief financial officer

Marty J. Schwenner2007–2015

1990200020102020

Chief executive officerPeter M. McCormick Jan 5, 2009 to Sep 2, 2015⁶
Chief executive officerThomas G. Boren Oct 27, 2006 to Oct 27, 2006⁷
PresidentPeter M. McCormick Jan 5, 2009 to Sep 2, 2015⁶
PresidentDavid P. Reiland Feb 6, 2007 to Oct 1, 2008⁸
PresidentThomas G. Boren Oct 27, 2006 to Oct 27, 2006⁷
Chief financial officerMarty J. Schwenner Jan 5, 2007 to Sep 2, 2015⁹

Board members and other officers (21)

Vice President, ControllerMichael J. Stauber Mar 2, 2011 to Sep 2, 2015¹⁰
Vice President, OperationsHungsun Sawyer Hui Nov 19, 2010 to Sep 2, 2015¹¹
Exec. V.P & C.O.O.Peter M. McCormick Jan 9, 2007 to Oct 27, 2008¹²
VP Legal Affairs & Corp.Sec.Jolene L. Shellman Jan 12, 2007 to Nov 13, 2009¹³
Vice President and ControllerRyan D. Gile Jan 25, 2007 to Aug 26, 2010¹⁴
Exec. Vice PresidentStephen R. Torres Nov 16, 2006 to Nov 16, 2006¹⁵
Executive Vice PresidentAlexander Levran Nov 27, 2006 to Dec 13, 2006¹⁶
Board memberKyle Cerminara May 4, 2015 to Sep 2, 2015¹⁷
Board memberAlan B. Levine Aug 5, 2011 to Sep 2, 2015¹⁸
Board memberPeter M. McCormick Aug 24, 2011 to Sep 2, 2015¹⁹
Board memberDavid A. Bloss Sr. Apr 23, 2008 to Sep 2, 2015²⁰
Board memberDavid P. Reiland Feb 6, 2007 to Sep 2, 2015⁸
Board memberAndrew G. Galef Feb 16, 2006 to Oct 3, 2006²¹
Board memberDewain K. Cross Mar 29, 2006 to Jun 30, 2009²²
Board memberMitchell I. Quain Mar 29, 2006 to Sep 2, 2015²³
Board memberPaul J. Kofmehl Mar 29, 2006 to Dec 19, 2006²⁴
Board memberRobert E. Wycoff Mar 29, 2006 to Dec 19, 2006²⁵
Board memberYon Jorden Mar 29, 2006 to Jul 2, 2013²⁶
Board memberThomas G. Boren Oct 27, 2006 to Oct 27, 2006⁷
General counselScott S. Cramer Mar 4, 2010 to Sep 2, 2015²⁷
General counselTina D. McKnight Nov 29, 2006 to Dec 12, 2006²⁸

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

Jan 5, 2009New chief executive Peter M. McCormick becomes CEO⁶
Oct 27, 2006New chief executive Thomas G. Boren becomes CEO⁷
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.

Date	Member	Trade	Amount	Vs S&P since	Filing
Jan 8, 2024	Debbie Wasserman SchultzDemocratic, House	Buy	$1,001 - $15,000		Report
Jan 5, 2024	Debbie Wasserman SchultzDemocratic, House	Partial sale	$1,001 - $15,000		Report

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

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataMagnetek on Wikidata
2
SEC EDGARMagnetek filings on SEC EDGAR
3
WikipediaMagnetek on Wikipedia
4
SEC EDGARMagnetek filings on SEC EDGAR
5
WikipediaMagnetek on Wikipedia (revision used)
6
SEC EDGARPeter M. McCormick, Chief executive officer
7
SEC EDGARThomas G. Boren, Chief executive officer
8
SEC EDGARDavid P. Reiland, President
9
SEC EDGARMarty J. Schwenner, Chief financial officer
10
SEC EDGARMichael J. Stauber, Vice President, Controller
11
SEC EDGARHungsun Sawyer Hui, Vice President, Operations
12
SEC EDGARPeter M. McCormick, Exec. V.P & C.O.O.
13
SEC EDGARJolene L. Shellman, VP Legal Affairs & Corp.Sec.
14
SEC EDGARRyan D. Gile, Vice President and Controller
15
SEC EDGARStephen R. Torres, Exec. Vice President
16
SEC EDGARAlexander Levran, Executive Vice President
17
SEC EDGARKyle Cerminara, Board member
18
SEC EDGARAlan B. Levine, Board member
19
SEC EDGARPeter M. McCormick, Board member
20
SEC EDGARDavid A. Bloss Sr., Board member
21
SEC EDGARAndrew G. Galef, Board member
22
SEC EDGARDewain K. Cross, Board member
23
SEC EDGARMitchell I. Quain, Board member
24
SEC EDGARPaul J. Kofmehl, Board member
25
SEC EDGARRobert E. Wycoff, Board member
26
SEC EDGARYon Jorden, Board member
27
SEC EDGARScott S. Cramer, General counsel
28
SEC EDGARTina D. McKnight, General counsel