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 January 2021

MAGAL SECURITY SYSTEMS LTD.

(Name of Registrant)

P.O. Box 70, Industrial Zone, Yahud 5610001 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 ☒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 ☒

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 F-3 Registration Statement File No. 333-217063 and Form S-8 Registration Statements File Nos. 333-127340, 333-164696, 333-174127 and 333-190469.

Magal Security Systems Ltd.

EXPLANATORY NOTE

The following exhibit is attached:

99.1 Press Release: Magal Completes the Acquisition of 100% of the Shares of E.S.C. Baz, Manufacturer of Security Video Observation & Surveillance Systems dated January 4, 2021

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/ Doron Kerbel
	Doron Kerbel
	V.P. General Counsel & Company Secretary

Date:  January 4, 2021

EXHIBIT INDEX

EXHIBIT NO.	DESCRIPTION
99.1	Press Release: Magal Completes the Acquisition of 100% of the Shares of E.S.C. Baz, Manufacturer of Security Video Observation & Surveillance Systems dated January 4, 2021

EX-99.1

EXHIBIT 99.1

Magal Completes the Acquisition of 100% of the Shares of E.S.C. BAZ 

Manufacturer of Security Video Observation & Surveillance Systems

YEHUD, Israel – January 4th, 2021-- Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced it has completed the acquisition of the entire share capital of E.S.C. BAZ Ltd. ("BAZ"), an Israeli-based company focused on the development and manufacturing of military-grade smart Security Video Observation and Surveillance systems. Magal exercised its option to acquire the remaining outstanding shares from BAZ’s founder and current General Manager, Benny Zviran.

Dror Sharon, CEO of Magal, commented, “Following our 2018 acquisition of 55% of BAZ’s shares, BAZ has continued to grow its business and successfully achieved the commercial and financial goals set by Magal. BAZ will continue to enable us to diversify our offerings, adding smart thermal camera-based solutions, which strengthen and broaden our portfolio of PIDS, state of the art video management systems and video analytics offerings.”

Mr. Sharon added, “Magal continues to explore potential acquisitions to broaden its offerings and addressable markets.”

Benny Zviran, General Manager of BAZ, commented, “Magal’s decision to complete the acquisition demonstrates its acknowledgment of BAZ’s technology and accomplishments, as well as respect for its team who achieved record high revenues in 2020 despite the hardships caused by the Covid-19 pandemic.”

About Magal Security Systems, LTD.

Magal is a leading international provider of comprehensive physical, video and access control security products and solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor‐made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries ‐ under some of the most challenging conditions. Magal offers comprehensive integrated solutions for critical sites, managed by Fortis ‐ our, cutting‐edge physical security information management system (PSIM). The solutions leverage our broad portfolio of home‐grown PIDS (Perimeter Intrusion Detection Systems), Symphony ‐ our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.

Forward Looking Statements

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. In addition, and as mentioned in this press release, there is uncertainty about the spread of the Coronavirus and the impact it will have on the Company’s operations, the demand for Company’s products, global supply chains and economic activity in general.

For more information:

Magal Security Systems Ltd. Diane Hill, Assistant to the CEO +972-3-539-1421 dianeh@magal-s3.com www.magalsecurity.com IR Contact: Brett Maas Managing Partner Hayden IR +1 646-536-7331 Brett@HaydenIR.com