----

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| (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 [   ] |
|----------------------------------------------|-------------------------|--------------------------------------------|------------------------------------------------|

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TABLE OF CONTENTS

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                                                                     |

| 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

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TABLE OF CONTENTS

PART I.  FINANCIAL INFORMATION

|                                                              |   | Three Months Ended |   |
|-------------------------------------------------------------------|--------|--------------------|--------|
|                                                              |   | (13 Weeks)         |   |   | (13 Weeks) |   |
|                                                              |   | March 28,          |   |   | March 29, |   |
|                                                              |   | 2010               |   |   | 2009 |   |
|                                                              |   |               |   |   |   |   |
| Net sales                                                         |   | $                  | 19,185 |   |   | $ | 25,111 |   |
| Cost of sales                                                     |   |               | 13,721 |   |   |   | 17,353 |   |
| Gross profit                                                      |   |               | 5,464  |   |   |   | 7,758 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Operating expenses:                                               |   |               |   |   |   |   |   |   |
|      Research and development            |   |               | 1,002  |   |   |   | 928 |   |
|      Pension expense                     |   |               | 2,052  |   |   |   | 846 |   |
|      Selling, general and administrative |   |               | 3,576  |   |   |   | 4,778 |   |
| Income (loss) from operations                                     |   |               | (1,166 | ) |   |   | 1,206 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Non-operating income:                                             |   |               |   |   |   |   |   |   |
|      Interest income                     |   |               | (11    | ) |   |   | (14 | ) |
| Income (loss) from continuing operations before income taxes      |   |               | (1,155 | ) |   |   | 1,220 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Provision for income taxes                                        |   |               | 251    |   |   |   | (25 | ) |
| Income (loss) from continuing operations                          |   |               | (1,406 | ) |   |   | 1,245 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Loss from discontinued operations, net of tax                     |   |               | (207   | ) |   |   | (1,067 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                  | (1,613 | ) |   | $ | 178 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Earnings per common share                                         |   |               |   |   |   |   |   |   |
| Basic and diluted:                                                |   |               |   |   |   |   |   |   |
| Earnings (loss) from continuing operations                        |   | $                  | (0.05  | ) |   | $ | 0.04 |   |
|                                                              |   |               |   |   |   |   |   |   |
| Loss from discontinued operations                                 |   | $                  | (0.01  | ) |   | $ | (0.03 | ) |
|                                                              |   |               |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                  | (0.05  | ) |   | $ | 0.01 |   |
|                                                              |   |               |   |   |   |   |   |   |
|                                                              |   |               |   |   |   |   |   |   |
| Weighted average shares outstanding:                              |   |               |   |   |   |   |   |   |
|      Basic                               |   |               | 31,098 |   |   |   | 30,866 |   |
|                                                              |   |               |   |   |   |   |   |   |
|      Diluted                             |   |               | 31,098 |   |   |   | 30,892 |   |

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TABLE OF CONTENTS

|                                                              |   | Nine Months Ended |   |
|-------------------------------------------------------------------|--------|-------------------|--------|
|                                                              |   | (39 Weeks)        |   |   | (39 Weeks) |   |
|                                                              |   | March 28,         |   |   | March 29, |   |
|                                                              |   | 2010              |   |   | 2009 |   |
|                                                              |   |              |   |   |   |   |
| Net sales                                                         |   | $                 | 56,251 |   |   | $ | 78,223 |   |
| Cost of sales                                                     |   |              | 39,287 |   |   |   | 51,618 |   |
| Gross profit                                                      |   |              | 16,964 |   |   |   | 26,605 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Operating expenses:                                               |   |              |   |   |   |   |   |   |
|      Research and development            |   |              | 2,898  |   |   |   | 2,698 |   |
|      Pension expense                     |   |              | 6,155  |   |   |   | 2,539 |   |
|      Selling, general and administrative |   |              | 11,123 |   |   |   | 16,183 |   |
| Income (loss) from operations                                     |   |              | (3,212 | ) |   |   | 5,185 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Non-operating income:                                             |   |              |   |   |   |   |   |   |
|      Interest income                     |   |              | (27    | ) |   |   | (124 | ) |
| Income (loss) from continuing operations before income taxes      |   |              | (3,185 | ) |   |   | 5,309 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Provision for income taxes                                        |   |              | 612    |   |   |   | 1,069 |   |
| Income (loss) from continuing operations                          |   |              | (3,797 | ) |   |   | 4,240 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Loss from discontinued operations, net of tax                     |   |              | (836   | ) |   |   | (1,242 | ) |
|                                                              |   |              |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                 | (4,633 | ) |   | $ | 2,998 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Earnings per common share                                         |   |              |   |   |   |   |   |   |
| Basic and diluted:                                                |   |              |   |   |   |   |   |   |
| Earnings (loss) from continuing operations                        |   | $                 | (0.12  | ) |   | $ | 0.14 |   |
|                                                              |   |              |   |   |   |   |   |   |
| Loss from discontinued operations                                 |   | $                 | (0.03  | ) |   | $ | (0.04 | ) |
|                                                              |   |              |   |   |   |   |   |   |
| Net income (loss)                                                 |   | $                 | (0.15  | ) |   | $ | 0.10 |   |
|                                                              |   |              |   |   |   |   |   |   |
|                                                              |   |              |   |   |   |   |   |   |
| Weighted average shares outstanding:                              |   |              |   |   |   |   |   |   |
|      Basic                               |   |              | 31,025 |   |   |   | 30,774 |   |
|                                                              |   |              |   |   |   |   |   |   |
|      Diluted                             |   |              | 31,025 |   |   |   | 30,855 |   |

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TABLE OF CONTENTS

|                                                                    |   | March 28,   |     |   | June 28, |   |
|-------------------------------------------------------------------------|--------|-------------|----------|--------|----------|--------|
| ASSETS                                                                  |   | 2010        |     |   | 2009     |   |
|                                                                    |   | (Unaudited) |     |   |     |   |
| Current assets:                                                         |   |        |     |   |     |   |
|      Cash and cash equivalents                 |   | $           | 12,500   |   |     | $      | 18,097 |   |
|      Restricted cash                           |   |        | 262      |   |     |   | 262 |   |
|      Accounts receivable, net                  |   |        | 12,050   |   |     |   | 11,598 |   |
|      Inventories                               |   |        | 10,698   |   |     |   | 12,617 |   |
|      Prepaid expenses and other current assets |   |        | 825      |   |     |   | 1,242 |   |
| Total current assets                                                    |   |        | 36,335   |   |     |   | 43,816 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Property, plant and equipment                                           |   |        | 21,010   |   |     |   | 19,948 |   |
| Less: accumulated depreciation                                          |   |        | 17,138   |   |     |   | 16,299 |   |
| Net property, plant and equipment                                       |   |        | 3,872    |   |     |   | 3,649 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Goodwill                                                                |   |        | 30,451   |   |     |   | 30,359 |   |
| Other assets                                                            |   |        | 5,854    |   |     |   | 6,256 |   |
| Total Assets                                                            |   | $           | 76,512   |   |     | $      | 84,080 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                             |   |        |     |   |     |   |   |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Current liabilities:                                                    |   |        |     |   |     |   |   |   |
|      Accounts payable                          |   | $           | 6,444    |   |     | $      | 5,716 |   |
|      Accrued liabilities                       |   |        | 4,780    |   |     |   | 6,313 |   |
|      Current portion of long-term debt         |   |        | 4        |   |     |   | 11 |   |
| Total current liabilities                                               |   |        | 11,228   |   |     |   | 12,040 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Long-term debt, net of current portion                                  |   |        | 1        |   |     |   | 4 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Pension benefit obligations, net                                        |   |        | 68,839   |   |     |   | 76,849 |   |
| Other long term obligations                                             |   |        | 1,518    |   |     |   | 1,615 |   |
| Deferred income taxes                                                   |   |        | 5,570    |   |     |   | 4,863 |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Commitments and contingencies                                           |   |        |     |   |     |   |   |   |
|                                                                    |   |        |     |   |     |   |   |   |
| Stockholders’ deficit                                             |   |        |     |   |     |   |   |   |
|      Common stock                              |   |        | 311      |   |     |   | 309 |   |
|      Paid in capital in excess of par value    |   |        | 138,705  |   |     |   | 138,094 |   |
|      Accumulated deficit                       |   |        | (6,154   | )      |     |   | (1,521 | ) |
|      Accumulated other comprehensive loss      |   |        | (143,506 | )      |     |   | (148,173 | ) |
| Total stockholders' deficit                                             |   |        | (10,644  | )      |     |   | (11,291 | ) |
|                                                                    |   |        |     |   |     |   |   |   |
| Total Liabilities and Stockholders' Deficit                             |   | $           | 76,512   |   |     | $      | 84,080 |   |

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TABLE OF CONTENTS

|                                                                             |   | Nine Months Ended |   |
|----------------------------------------------------------------------------------|--------|-------------------|--------|
|                                                                             |   | (39 Weeks)        |   |   | (39 Weeks) |   |
|                                                                             |   | March 28,         |   |   | March 29, |   |
|                                                                             |   | 2010              |   |   | 2009 |   |
| Cash flows from continuing operating activities:                                 |   |              |   |   |   |   |
| Income (loss) from continuing operations                                         |   | $                 | (3,797 | ) |   | $ | 4,240 |   |
| Adjustments to reconcile income (loss) from continuing operations                |   |              |   |   |   |   |   |   |
| to net cash provided by (used in) operating activities:                          |   |              |   |   |   |   |   |   |
| Depreciation and amortization                                                    |   |              | 813    |   |   |   | 779 |   |
| Stock based compensation expense                                                 |   |              | 470    |   |   |   | 923 |   |
| Pension expense                                                                  |   |              | 6,155  |   |   |   | 2,539 |   |
| Deferred income tax provision                                                    |   |              | 707    |   |   |   | 743 |   |
| Changes in operating assets and liabilities                                      |   |              | 1,662  |   |   |   | (427 | ) |
| Cash contribution to pension fund                                                |   |              | (9,507 | ) |   |   | (6,773 | ) |
|                                                                             |   |              |   |   |   |   |   |   |
| Total adjustments                                                                |   |              | 300    |   |   |   | (2,216 | ) |
| Net cash provided by (used in) continuing operating activities                   |   |              | (3,497 | ) |   |   | 2,024 |   |
|                                                                             |   |              |   |   |   |   |   |   |
| Cash flows from investing activities:                                            |   |              |   |   |   |   |   |   |
| Proceeds from sale of business, net of transaction costs                         |   |              | -      |   |   |   | 1,250 |   |
| Purchase of business                                                             |   |              | -      |   |   |   | (885 | ) |
| Deposit into escrow  account                                           |   |              | -      |   |   |   | (5 | ) |
| Capital expenditures                                                             |   |              | (977   | ) |   |   | (665 | ) |
| Net cash used in investing activities                                            |   |              | (977   | ) |   |   | (305 | ) |
|                                                                             |   |              |   |   |   |   |   |   |
| Cash flows from financing activities:                                            |   |              |   |   |   |   |   |   |
|      Proceeds from issuance of common stock             |   |              | 200    |   |   |   | 230 |   |
|      Purchase and retirement of treasury stock          |   |              | (57    | ) |   |   | (182 | ) |
|      Borrowings under capital lease obligations         |   |              | -      |   |   |   | 8 |   |
|      Principal payments under capital lease obligations |   |              | (11    | ) |   |   | (12 | ) |
| Net cash provided by financing activities                                        |   |              | 132    |   |   |   | 44 |   |
|                                                                             |   |              |   |   |   |   |   |   |
| Cash flows from discontinued operations:                                         |   |              |   |   |   |   |   |   |
|      Used in operating activities                       |   |              | (1,255 | ) |   |   | (354 | ) |
| Cash used in discontinued operations                                             |   |              | (1,255 | ) |   |   | (354 | ) |
|                                                                             |   |              |   |   |   |   |   |   |
| Net increase (decrease) in cash                                                  |   |              | (5,597 | ) |   |   | 1,409 |   |
| Cash at the beginning of the period                                              |   |              | 18,097 |   |   |   | 15,210 |   |
|                                                                             |   |              |   |   |   |   |   |   |
| Cash at the end of the period                                                    |   | $                 | 12,500 |   |   | $ | 16,619 |   |

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TABLE OF CONTENTS

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

| ·   | Acquired in-process research and development (“IPR&D”) is accounted for as an asset, with the cost recognized as the research and development is realized or abandoned. IPR&D was previously expensed at the time of the acquisition. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Contingent consideration is recorded at fair value as an element of purchase price with subsequent adjustments recognized in operations. Contingent consideration was previously accounted for as a subsequent adjustment of purchase price. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Transaction costs are expensed. These costs were previously treated as costs of the acquisition. |
|--------------------|--------------------------------------------------------------------------------------------------|

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TABLE OF CONTENTS

|                                    |   | Three Months Ended |   |   | Nine Months Ended |   |
|-----------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                    |   | March 28,          |   |   | March 29,         |   |   | March 28, |   |   | March 29, |   |
|                                    |   | 2010               |   |   | 2009              |   |   | 2010 |   |   | 2009 |   |
| Net sales - TPS business                |   | $                  | -      |   |              | $      | - |   |   | $ | - |   |   | $ | 1,503 |   |
|                                    |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Lease termination expense               |   | $                  | -      |   |              | $      | (959 | ) |   | $ | - |   |   | $ | (959 | ) |
| Loss from discontinued operations - TPS |   |               | (1     | )      |              |   | - |   |   |   | (29 | ) |   |   | (94 | ) |
| Income from Federal Mogul settlement    |   |               | -      |   |              |   | - |   |   |   | - |   |   |   | 480 |   |
| Loss on disposal of TPS business        |   |               | -      |   |              |   | - |   |   |   | - |   |   |   | (368 | ) |
| Expense related to divested businesses  |   |               | (206   | )      |              |   | (108 | ) |   |   | (807 | ) |   |   | (301 | ) |
| Loss from discontinued operations       |   | $                  | (207   | )      |              | $      | (1,067 | ) |   | $ | (836 | ) |   | $ | (1,242 | ) |

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TABLE OF CONTENTS

|                          |   | March 28, |   |   | June 28, |   |
|-------------------------------|--------|-----------|--------|--------|----------|--------|
|                          |   | 2010      |   |   | 2009     |   |
| Raw materials and stock parts |   | $         | 7,125  |   |     | $      | 9,479 |   |
| Work-in-process               |   |      | 1,204  |   |     |   | 909 |   |
| Finished goods                |   |      | 2,369  |   |     |   | 2,229 |   |
|                          |   | $         | 10,698 |   |     | $      | 12,617 |   |

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

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TABLE OF CONTENTS

|                                       |   | Three Months Ended |   |   | Nine Months Ended |   |
|--------------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                       |   | March 28,          |   |   | March 29,         |   |   | March 28, |   |   | March 29, |   |
|                                       |   | 2010               |   |   | 2009              |   |   | 2010 |   |   | 2009 |   |
| Net income (loss)                          |   | $                  | (1,613 | )      |              | $      | 178 |   |   | $ | (4,633 | ) |   | $ | 2,998 |   |
| Change in unrecognized pension liability   |   |               | 1,552  |   |              |   | 1,079 |   |   |   | 4,657 |   |   |   | 3,239 |   |
| Change in currency translation adjustments |   |               | (77    | )      |              |   | 66 |   |   |   | 10 |   |   |   | (576 | ) |
| Comprehensive income (loss)                |   | $                  | (138   | )      |              | $      | 1,323 |   |   | $ | 34 |   |   | $ | 5,661 |   |

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TABLE OF CONTENTS

|                                                             |   | Three Months Ended |   |   | Nine Months Ended |   |
|------------------------------------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                                             |   | March 28,          |   |   | March 29,         |   |   | March 28, |   |   | March 29, |   |
|                                                             |   | 2010               |   |   | 2009              |   |   | 2010 |   |   | 2009 |   |
| Numerator:                                                       |   |               |   |   |              |   |   |   |   |   |   |   |
|    Income (loss) from continuing operations       |   | $                  | (1,406 | )      |              | $      | 1,245 |   |   | $ | (3,797 | ) |   | $ | 4,240 |   |
|    Loss from discontinued operations              |   |               | (207   | )      |              |   | (1,067 | ) |   |   | (836 | ) |   |   | (1,242 | ) |
|    Net income (loss)                              |   | $                  | (1,613 | )      |              | $      | 178 |   |   | $ | (4,633 | ) |   | $ | 2,998 |   |
|                                                             |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Denominator:                                                     |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
|   Weighted average shares - basic earnings per share   |   |               | 31,098 |   |              |   | 30,866 |   |   |   | 31,025 |   |   |   | 30,774 |   |
|   Add dilutive effective of stock based compensation   |   |               | -      |   |              |   | 26 |   |   |   | - |   |   |   | 81 |   |
|   Weighted average shares - diluted earnings per share |   |               | 31,098 |   |              |   | 30,892 |   |   |   | 31,025 |   |   |   | 30,855 |   |
|                                                             |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted:                                               |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) per share from continuing operations               |   | $                  | (0.05  | )      |              | $      | 0.04 |   |   | $ | (0.12 | ) |   | $ | 0.14 |   |
| Loss per share from discontinued operations                      |   | $                  | (0.01  | )      |              | $      | (0.03 | ) |   | $ | (0.03 | ) |   | $ | (0.04 | ) |
| Net income (loss) per share                                      |   | $                  | (0.05  | )      |              | $      | 0.01 |   |   | $ | (0.15 | ) |   | $ | 0.10 |   |

|                                              |   | Nine Months Ended |   |
|---------------------------------------------------|--------|-------------------|--------|
|                                              |   | March 28,         |   |   | March 29, |   |
|                                              |   | 2010              |   |   | 2009 |   |
| Balance, beginning of fiscal year                 |   | $                 | 281    |   |   | $ | 493 |   |
| Changes in product warranties charged to earnings |   |              | 372    |   |   |   | 64 |   |
| Use of reserve for warranty obligations           |   |              | (304   | ) |   |   | (198 | ) |
| Balance, end of period                            |   | $                 | 349    |   |   | $ | 359 |   |

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|                            |   |               |   |   |              |   |   |      |   |   |      |   |
|---------------------------------|--------|--------------------|--------|--------|-------------------|--------|--------|-----------|--------|--------|-----------|--------|
|                            |   | Three Months Ended |   |   | Nine Months Ended |   |
|                            |   | March 28,          |   |   | March 29,         |   |   | March 28, |   |   | March 29, |   |
|                            |   | 2010               |   |   | 2009              |   |   | 2010      |   |   | 2009      |   |
| Interest cost                   |   | $                  | 2,706  |   |              | $      | 2,799  |      |   | $      | 8,116     |   |   | $ | 8,397 |   |
| Expected return on plan assets  |   |               | (2,206 | )      |              |   | (3,032 | )         |   |   | (6,618    | )      |   |   | (9,097 | ) |
| Recognized net actuarial losses |   |               | 1,552  |   |              |   | 1,079  |      |   |   | 4,657     |   |   |   | 3,239 |   |
|                            |   |               |   |   |              |   |   |      |   |   |      |   |   |   |   |   |
| Total net pension expense       |   | $                  | 2,052  |   |              | $      | 846    |      |   | $      | 6,155     |   |   | $ | 2,539 |   |

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

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

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Item 2

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|                    |   | Three Months Ended |   |
|-------------------------|--------|--------------------|--------|
|                    |   | March 28, 2010     |   |   | March 29, 2009 |   |
| Material handling       |   | $                  | 10.7   |   |   |   | 56 | % |   | $ | 16.2 |   |   |   | 65 | % |
| Elevator motion control |   |               | 4.7    |   |   |   | 24 | % |   |   | 4.8 |   |   |   | 19 | % |
| Energy systems          |   |               | 3.8    |   |   |   | 20 | % |   |   | 4.1 |   |   |   | 16 | % |
| Total net sales         |   | $                  | 19.2   |   |   |   | 100 | % |   | $ | 25.1 |   |   |   | 100 | % |

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|                    |   | Nine Months Ended |   |
|-------------------------|--------|-------------------|--------|
|                    |   | March 28, 2010    |   |   | March 29, 2009 |   |
| Material handling       |   | $                 | 34.2   |   |   |   | 61 | % |   | $ | 54.2 |   |   |   | 69 | % |
| Elevator motion control |   |              | 14.0   |   |   |   | 25 | % |   |   | 15.2 |   |   |   | 19 | % |
| Energy systems          |   |              | 8.1    |   |   |   | 14 | % |   |   | 8.8 |   |   |   | 11 | % |
| Total net sales         |   | $                 | 56.3   |   |   |   | 100 | % |   | $ | 78.2 |   |   |   | 100 | % |

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Item 3

Item 4

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Item 1 – Legal Proceedings

|   | As previously reported by the Company, the Company and Pamela L. Carney, Administrator of the Estate of Michael J. Carney, are involved in a lawsuit in the Court of Common Pleas, Westmoreland County, Pennsylvania relating to allegations that a product manufactured by the Company’s Telemotive Industrial Controls business contributed to an accident that resulted in the death of Michael J. Carney.  Magnetek is defending the action on the basis of findings that the operator/owner of the product, Alleghany Ludlum Corporation, improperly maintained or modified the product, which led to its alleged failure.  Notwithstanding tender of the claim to the Company’s insurance carrier, in March 2010 the Company’s primary insurance carrier denied coverage but agreed to continue to provide defense counsel costs subject to a reservation of rights.  This followed the Company’s excess insurance coverage carrier denying coverage in June 2009.  The case is in its discovery phase and no trial date has been set. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In addition as previously reported by the Company, the Company originally filed a complaint in the Circuit Court of Cook County, Illinois, against Kirkland & Ellis, LLP (“K&E”) involving a claim for a breach of professional responsibility.  On April 5, 2010, the Court dismissed the complaint against K&E for lack of subject matter jurisdiction.  An appeal has been taken to the Illinois Appellate Court and on April 7, 2010, the Company filed a substantially identical complaint in the United States District Court for the Northern District of Illinois.  The new federal complaint seeks damages in the amount of $18.75 million plus any additional damages as may be warranted by the evidence. |
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Item 1A – Risk Factors

Item 2 

Item 3 – Defaults upon Senior Securities

Item 4 

Item 5

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Item 6 

| (a)    | Index to Exhibits |   |
|--------|-------------------|--------|
|   | 10.1              |   | Second Amended and Restated 2004 Stock Incentive Plan of Magnetek, Inc. November 5, 2009. ** |   |
|   | 10.2              |   | Fiscal Year 2010 Management Incentive Stock Compensation Plan. * |   |
|   | 10.3              |   | Form of Restricted Stock Award Agreement Pursuant to Second Amended and Restated 2004 Stock Incentive Plan. * |   |
|   | 10.4              |   | Form of Non-Qualified Stock Option Agreement 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. |   |

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SIGNATURE

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

|                    |                                       |
|-------------------------|--------------------------------------------|
|  Date: May 5, 2010 | /s/  PETER M. MCCORMICK               |   |
|                    | Peter M. McCormick                         |
|                    | President and Chief Executive Officer      |
|                    | (Duly authorized officer of the Registrant |
|                    | and principal executive officer)           |

|                    |                                       |
|-------------------------|--------------------------------------------|
|  Date: May 5, 2010 | /s/  MARTY J. SCHWENNER               |   |
|                    | Marty J. Schwenner                         |
|                    | Vice President and Chief Financial Officer |
|                    | (Duly authorized officer of the Registrant |
|                    | and principal financial officer)           |

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