----

----

| (Mark One) |
|------------|
| [ X ]      | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

| [    ] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------------------|-----------------------------------------------------------------------------------------|

| DELAWARE                        | 95-3917584             |
|---------------------------------|------------------------|
| (State or other jurisdiction of | (I.R.S. Employer       |
| incorporation or organization)  | Identification Number) |

| Large accelerated filer [   ] | Accelerated filer [ X ] | Non-accelerated filer [   ] | Smaller Reporting Company [   ] |
|----------------------------------------------|-------------------------|--------------------------------------------|------------------------------------------------|

----

TABLE OF CONTENTS FOR THE QUARTERLY REPORT ON FORM 10-Q

| Item 1. | Financial Statements                                                                        |
|---------|---------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk                                  |
| Item 4. | Controls and Procedures                                                                     |

Part II.                      Other Information

| Item 1.  | Legal Proceedings                                           |
|----------|-------------------------------------------------------------|
| Item 1A. | Risk Factors                                                |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds |
| Item 3.  | Defaults upon Senior Securities                             |
| Item 4.  | Removed and Reserved                                        |
| Item 5.  | Other Information                                           |
| Item 6.  | Exhibits                                                    |

Signatures

----

Index

Item 1 – Financial Statements

|                                                              |   | Three Months Ended |   |
|-------------------------------------------------------------------|--------|--------------------|--------|
|                                                              |   | (14 Weeks)         |   |   | (13 Weeks) |   |
|                                                              |   | October 3,         |   |   | September 27, |   |
|                                                              |   | 2010               |   |   | 2009 |   |
| Net sales                                                         |   | $                  | 24,877 |   |   | $ | 17,834 |   |
| Cost of sales                                                     |   |               | 17,333 |   |   |   | 12,212 |   |
| Gross profit                                                      |   |               | 7,544  |   |   |   | 5,622 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Operating expenses:                                               |   |               |   |   |   |   |   |   |
|      Research and development            |   |               | 996    |   |   |   | 901 |   |
|      Pension expense                     |   |               | 1,717  |   |   |   | 2,052 |   |
|      Selling, general and administrative |   |               | 3,897  |   |   |   | 3,959 |   |
| Income (loss) from operations                                     |   |               | 934    |   |   |   | (1,290 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Non-operating income:                                             |   |               |   |   |   |   |   |   |
|      Interest income                     |   |               | (1     | ) |   |   | (10 | ) |
| Income (loss) from continuing operations before income taxes      |   |               | 935    |   |   |   | (1,280 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Provision for income taxes                                        |   |               | 272    |   |   |   | 231 |   |
| Income (loss) from continuing operations                          |   |               | 663    |   |   |   | (1,511 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Loss from discontinued operations, net of tax                     |   |               | (392   | ) |   |   | (284 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                  | 271    |   |   | $ | (1,795 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Earnings per common share                                         |   |               |   |   |   |   |   |   |
| Basic and diluted:                                                |   |               |   |   |   |   |   |   |
| Earnings (loss) from continuing operations                        |   | $                  | 0.02   |   |   | $ | (0.05 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Loss from discontinued operations                                 |   | $                  | (0.01  | ) |   | $ | (0.01 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                  | 0.01   |   |   | $ | (0.06 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Weighted average shares outstanding:                              |   |               |   |   |   |   |   |   |
|      Basic                               |   |               | 31,230 |   |   |   | 30,966 |   |
|      Diluted                             |   |               | 31,319 |   |   |   | 30,966 |   |

----

Index

|                                                                    |   | October 3,  |     |   | June 27, |   |
|-------------------------------------------------------------------------|--------|-------------|----------|--------|----------|--------|
| ASSETS                                                                  |   | 2010        |     |   | 2010     |   |
|                                                                    |   | (Unaudited) |     |   |     |   |
| Current assets:                                                         |   |        |     |   |     |   |
|      Cash and cash equivalents                 |   | $           | 9,929    |   |     | $      | 8,244 |   |
|      Restricted cash                           |   |        | 262      |   |     |   | 262 |   |
|      Accounts receivable, net                  |   |        | 13,472   |   |     |   | 16,436 |   |
|      Inventories                               |   |        | 12,182   |   |     |   | 10,285 |   |
|      Prepaid expenses and other current assets |   |        | 668      |   |     |   | 480 |   |
| Total current assets                                                    |   |        | 36,513   |   |     |   | 35,707 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Property, plant and equipment                                           |   |        | 20,882   |   |     |   | 20,788 |   |
| Less: accumulated depreciation                                          |   |        | 17,221   |   |     |   | 16,963 |   |
| Net property, plant and equipment                                       |   |        | 3,661    |   |     |   | 3,825 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Goodwill                                                                |   |        | 30,466   |   |     |   | 30,443 |   |
| Other assets                                                            |   |        | 5,664    |   |     |   | 6,125 |   |
| Total Assets                                                            |   | $           | 76,304   |   |     | $      | 76,100 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                             |   |        |     |   |     |   |   |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Current liabilities:                                                    |   |        |     |   |     |   |   |   |
|      Accounts payable                          |   | $           | 9,884    |   |     | $      | 9,887 |   |
|      Accrued liabilities                       |   |        | 4,896    |   |     |   | 4,953 |   |
|      Current portion of long-term debt         |   |        | 2        |   |     |   | 4 |   |
| Total current liabilities                                               |   |        | 14,782   |   |     |   | 14,844 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Pension benefit obligations, net                                        |   |        | 75,462   |   |     |   | 77,914 |   |
| Other long term obligations                                             |   |        | 1,487    |   |     |   | 1,461 |   |
| Deferred income taxes                                                   |   |        | 6,081    |   |     |   | 5,818 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Commitments and contingencies                                           |   |        |     |   |     |   |   |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Stockholders’ deficit                                             |   |        |     |   |     |   |   |   |
|      Common stock                              |   |        | 313      |   |     |   | 312 |   |
|      Paid in capital in excess of par value    |   |        | 139,218  |   |     |   | 138,965 |   |
|      Accumulated deficit                       |   |        | (6,351   | )      |     |   | (6,622 | ) |
|      Accumulated other comprehensive loss      |   |        | (154,688 | )      |     |   | (156,592 | ) |
| Total stockholders' deficit                                             |   |        | (21,508  | )      |     |   | (23,937 | ) |
|                                                                    |   |        |     |   |     |   |   |   |
| Total Liabilities and Stockholders' Deficit                             |   | $           | 76,304   |   |     | $      | 76,100 |   |

----

Index

|                                                                                                    |   | Three Months Ended |   |
|---------------------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                                    |   |               |   |   | (13 Weeks) |   |
|                                                                                                    |   | (14 Weeks)         |   |   | September 27, |   |
|                                                                                                    |   | October 3,         |   |   | 2009 |   |
|                                                                                                    |   | 2010               |   |   | (restated) |   |
| Cash flows from operating activities                                                                    |   |               |   |   |   |   |
| Net income (loss)                                                                                       |   | $                  | 271    |   |   | $ | (1,795 | ) |
|                                                                                                    |   |               |   |   |   |   |   |   |
|      Loss from discontinued operations                                         |   |               | 392    |   |   |   | 284 |   |
|      Adjustments to reconcile net income (loss) to net cash                    |   |               |   |   |   |   |   |   |
|           provided by (used in) operating activities: |   |               |   |   |   |   |   |   |
|      Depreciation                                                              |   |               | 254    |   |   |   | 245 |   |
|   Amortization                                                                                |   |               | 13     |   |   |   | 26 |   |
|      Stock based compensation expense                                          |   |               | 186    |   |   |   | 175 |   |
|      Pension expense                                                           |   |               | 1,717  |   |   |   | 2,052 |   |
|      Deferred Income Tax Provision                                             |   |               | 263    |   |   |   | 225 |   |
|      Changes in operating assets and liabilities                               |   |               | 1,329  |   |   |   | 1,011 |   |
|      Cash contribution to pension fund                                         |   |               | (2,358 | ) |   |   | (4,211 | ) |
| Net cash provided by (used in) operating activities - continuing operations                             |   |               | 2,067  |   |   |   | (1,988 | ) |
| Net cash provided by (used in) operating activities - discontinued operations                           |   |               | (368   | ) |   |   | (194 | ) |
| Net cash provided by (used in) operating activities                                                     |   |               | 1,699  |   |   |   | (2,182 | ) |
|                                                                                                    |   |               |   |   |   |   |   |   |
| Cash flows from investing activities:                                                                   |   |               |   |   |   |   |   |   |
|      Capital expenditures                                                      |   |               | (80    | ) |   |   | (274 | ) |
| Net cash provided by (used in) investing activities - continuing operations                             |   |               | (80    | ) |   |   | (274 | ) |
| Net cash provided by (used in) investing activities - discontinued operations                           |   |               | -      |   |   |   | - |   |
| Net cash provided by (used in) investing activities                                                     |   |               | (80    | ) |   |   | (274 | ) |
|                                                                                                    |   |               |   |   |   |   |   |   |
| Cash flow from financing activities:                                                                    |   |               |   |   |   |   |   |   |
|      Proceeds from issuance of common stock                                    |   |               | 67     |   |   |   | 73 |   |
|      Principal payments under capital lease obligations                        |   |               | (1     | ) |   |   | (4 | ) |
| Net cash provided by (used in) financing activities - continuing opeations                              |   |               | 66     |   |   |   | 69 |   |
| Net cash provided by (used in) financing activities - discontinued opeations                            |   |               | -      |   |   |   | - |   |
| Net cash provided by (used in) financing activities                                                     |   |               | 66     |   |   |   | 69 |   |
|                                                                                                    |   |               |   |   |   |   |   |   |
|                                                                                                    |   |               |   |   |   |   |   |   |
| Net increase (decrease) in cash                                                                         |   |               | 1,685  |   |   |   | (2,387 | ) |
| Cash at the beginning of the period                                                                     |   |               | 8,244  |   |   |   | 18,097 |   |
| Cash at the end of the period                                                                           |   | $                  | 9,929  |   |   | $ | 15,710 |   |

----

Index

| 1.   | Summary of Significant Accounting Policies |
|----------------|--------------------------------------------|

----

Index

| For the three months ended (amounts in thousands)                                |   | September 27, 2009 |   |
|----------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                             |   | As                 |   |   |   |   |
|                                                                             |   | Previously         |   |   | As |   |
|                                                                             |   | Reported           |   |   | Revised |   |
| Net cash provided by (used in) operating activities - continuing operations |   | $                  | (1,988 | ) |   | $ | (1,988 | ) |
| Net cash provided by (used in) operating activities - discontinued operations    |   |               | -      |   |   |   | (194 | ) |
| Net cash provided by (used in) operating activities                              |   | $                  | (1,988 | ) |   | $ | (2,182 | ) |

| 2.   | Discontinued Operations |
|----------------|-------------------------|

|                                                      |   | Three Months Ended |   |
|-----------------------------------------------------------|--------|--------------------|--------|
|                                                      |   | October 3,         |   |   | September 27, |   |
|                                                      |   | 2010               |   |   | 2009 |   |
| Loss from discontinued operations - telecom power systems |   |               | (4     | ) |   |   | (27 | ) |
| Expense related to divested businesses                    |   |               | (388   | ) |   |   | (257 | ) |
| Loss from discontinued operations                         |   | $                  | (392   | ) |   | $ | (284 | ) |

----

Index

| 3. | Inventories |
|----|-------------|

|                          |   | October 3, |   |   | June 27, |   |
|-------------------------------|--------|------------|--------|--------|----------|--------|
|                          |   | 2010       |   |   | 2010     |   |
| Raw materials and stock parts |   | $          | 8,100  |   |     | $      | 6,857 |   |
| Work-in-process               |   |       | 1,135  |   |     |   | 1,124 |   |
| Finished goods                |   |       | 2,947  |   |     |   | 2,304 |   |
|                          |   | $          | 12,182 |   |     | $      | 10,285 |   |

| 4. | Commitments and Contingencies |
|----|-------------------------------|

----

Index

----

Index

| 5. | Comprehensive Income (Loss) |
|----|-----------------------------|

|                                       |   | Three Months Ended |   |
|--------------------------------------------|--------|--------------------|--------|
|                                       |   | October 3,         |   |   | September 27, |   |
|                                       |   | 2010               |   |   | 2009 |   |
| Net income (loss)                          |   | $                  | 271    |   |   | $ | (1,795 | ) |
| Change in unrecognized pension liability   |   |               | 1,810  |   |   |   | 1,552 |   |
| Change in currency translation adjustments |   |               | 94     |   |   |   | 41 |   |
| Comprehensive income (loss)                |   | $                  | 2,175  |   |   | $ | (202 | ) |

| 6. | Earnings (Loss) Per Share |
|----|---------------------------|

|                                                 |   | Three Months Ended |   |
|------------------------------------------------------|--------|--------------------|--------|
|                                                 |   | October 3,         |   |   | September 27, |   |
|                                                 |   | 2010               |   |   | 2009 |   |
| Numerator:                                           |   |               |   |   |   |   |
| Income (loss) from continuing operations             |   | $                  | 663    |   |   | $ | (1,511 | ) |
| Loss from discontinued operations                    |   |               | (392   | ) |   |   | (284 | ) |
| Net income (loss)                                    |   | $                  | 271    |   |   | $ | (1,795 | ) |
|                                                 |   |               |   |   |   |   |   |   |
| Denominator:                                         |   |               |   |   |   |   |   |   |
| Weighted average shares - basic earnings per share   |   |               | 31,230 |   |   |   | 30,966 |   |
| Add dilutive effective of stock based compensation   |   |               | 89     |   |   |   | - |   |
| Weighted average shares - diluted earnings per share |   |               | 31,319 |   |   |   | 30,966 |   |
|                                                 |   |               |   |   |   |   |   |   |
| Basic and Diluted:                                   |   |               |   |   |   |   |   |   |
| Income (loss) per share from continuing operations   |   | $                  | 0.02   |   |   | $ | (0.05 | ) |
| Loss per share from discontinued operations          |   | $                  | (0.01  | ) |   | $ | (0.01 | ) |
| Net income (loss) per share                          |   | $                  | 0.01   |   |   | $ | (0.06 | ) |

----

Index

| 7. | Warranties |
|----|------------|

|                                              |   | Three Months Ended |   |
|---------------------------------------------------|--------|--------------------|--------|
|                                              |   | October 3,         |   |   | September 27, |   |
|                                              |   | 2010               |   |   | 2009 |   |
| Balance, beginning of fiscal year                 |   | $                  | 591    |   |   | $ | 281 |   |
| Changes in product warranties charged to earnings |   |               | 71     |   |   |   | 110 |   |
| Use of reserve for warranty obligations           |   |               | (91    | ) |   |   | (118 | ) |
| Balance, end of period                            |   | $                  | 571    |   |   | $ | 273 |   |

----

Index

| 8. | Pension Expense |
|----|-----------------|

|                            |   |               |   |   |          |   |
|---------------------------------|--------|--------------------|--------|--------|---------------|--------|
|                            |   | Three Months Ended |   |
|                            |   | October 3,         |   |   | September 27, |   |
|                            |   | 2010               |   |   | 2009          |   |
| Interest cost                   |   | $                  | 2,559  |   |          | $      | 2,705 |   |
| Expected return on plan assets  |   |               | (2,652 | )      |          |   | (2,205 | ) |
| Recognized net actuarial losses |   |               | 1,810  |   |          |   | 1,552 |   |
|                            |   |               |   |   |          |   |   |   |
| Total net pension expense       |   | $                  | 1,717  |   |          | $      | 2,052 |   |

| 9. | Income Taxes |
|----|--------------|

| 10. | Bank Borrowing Arrangements |
|-----|-----------------------------|

----

Index

Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations

----

Index

----

Index

|                    |   | Three Months Ended |   |
|-------------------------|--------|--------------------|--------|
|                    |   | October 3, 2010    |   |   | September 27, 2009 |   |
| Material handling       |   | $                  | 12.9   |   |   |   | 52 | % |   | $ | 10.9 |   |   |   | 61 | % |
| Elevator motion control |   |               | 5.4    |   |   |   | 22 | % |   |   | 5.0 |   |   |   | 28 | % |
| Energy systems          |   |               | 6.6    |   |   |   | 26 | % |   |   | 1.9 |   |   |   | 11 | % |
| Total net sales         |   | $                  | 24.9   |   |   |   | 100 | % |   | $ | 17.8 |   |   |   | 100 | % |

----

Index

----

Index

Item 3 – Quantitative and Qualitative Disclosures about Market Risk

Item 4 – Controls and Procedures

PART II - OTHER INFORMATION

Item 1 – Legal Proceedings

----

Index

Item 1A – Risk Factors

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds

Item 3 – Defaults upon Senior Securities

Item 4 – (Removed and Reserved

Item 5 – Other Information

Item 6 - Exhibits

| (a)    | Index to Exhibits |   |
|--------|-------------------|--------|
|   | 10.1              |   | Second Amended and Restated 2004 Stock Incentive Plan of Magnetek, Inc. November 5, 2009. ** |   |
|   | 10.2              |   | Form of Non-Qualified Stock Option Agreement Performance Based Pursuant to Second Amended and Restated 2004 Stock Incentive Plan * |   |
|   | 10.3              |   | Form of Non-Qualified Stock Option Agreement Retention Based Pursuant to Second Amended and Restated 2004 Stock Incentive Plan * |   |
|   | 10.4              |   | Form of Restricted Stock Award Agreement Performance Based Pursuant  to Second Amended and Restated 2004 Stock Incentive Plan * |   |
|   | 10.5              |   | Form of Restricted Stock Award Agreement Retention Based Pursuant  to Second Amended and Restated 2004 Stock Incentive Plan * |   |
|   | 31.1              |   | Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934. * |   |
|   | 31.2              |   | Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934. * |   |
|   | 32.1              |   | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. * |   |
|   |              |   |   |   |
|   | *                 |   | Filed with this Report on Form 10-Q. |   |
|   | **                |   | Previously filed with the Company’s Proxy Statement dated September 16, 2009 for the 2009 Annual Meeting of the Shareholders and incorporated herein by this reference. |   |

----

Index

SIGNATURES

|   | MAGNETEK, INC. |
|--------|----------------|
|   | (Registrant)   |

|                          |                                       |
|-------------------------------|--------------------------------------------|
|  Date: November 12, 2010 | /s/  PETER M. MCCORMICK               |   |
|                          | Peter M. McCormick                         |
|                          | President and Chief Executive Officer      |
|                          | (Duly authorized officer of the Registrant |
|                          | and principal executive officer)           |

|                          |                                       |
|-------------------------------|--------------------------------------------|
|  Date: November 12, 2010 | /s/  MARTY J. SCHWENNER               |   |
|                          | Marty J. Schwenner                         |
|                          | Vice President and Chief Financial Officer |
|                          | (Duly authorized officer of the Registrant |
|                          | and principal financial officer)           |

----

----