Toaster

A toaster having a ferromagnetic armature movable between an engaged position adjacent to a solenoid and closing a switch and a disengaged position away from the solenoid and opening the switch. A displacement assembly is adapted to move from an up position through a toasting position to a down position, whereupon the displacement assembly displaces the armature from the disengaged position to the engaged position, closing the switch and energizing a heating element and the solenoid, thus retaining the armature in the engaged position. The armature engages the displacement assembly when the armature is in its engaged position to retain the displacement assembly in the intermediate toasting position. A timer de-energizes the solenoid upon completion of toasting, releasing the armature to return to the disengaged position, thus opening the switch and causing de-energization of the heating element independently of the displacement assembly returning to the up position.