Bel Fuse Inc. Files 8-K on Director Changes and Compensation
Ticker: BELFB · Form: 8-K · Filed: Mar 7, 2024 · CIK: 729580
| Field | Detail |
|---|---|
| Company | Bel Fuse Inc /Nj (BELFB) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing
TL;DR
Bel Fuse filed an 8-K on March 1st covering director changes and executive pay. Watch for updates.
AI Summary
On March 1, 2024, Bel Fuse Inc. /NJ filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also includes information on other events and financial statements, with the earliest reported event date being March 1, 2024.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting changes in directors and compensation, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- Bel Fuse Inc. /NJ (company) — Registrant
- March 1, 2024 (date) — Earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers', but the specific names and details of these changes are not provided in the excerpt.
What are the details of the new compensatory arrangements?
The filing mentions 'Compensatory Arrangements of Certain Officers', but the specific details of these arrangements are not included in the provided text.
What other events are reported in this 8-K filing?
The filing indicates 'Other Events' are reported, but the nature of these events is not specified in the excerpt.
What financial statements are included with this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific financial statements are not detailed in the provided text.
When was this 8-K report filed?
This 8-K report was filed on March 7, 2024.
Filing Stats: 890 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2024-03-07 16:59:30
Key Financial Figures
- $0.10 — hich Registered Class A Common Stock ($0.10 par value) BELFA Nasdaq Global Sele
Filing Documents
- belfb20240306_8k.htm (8-K) — 39KB
- ex_635799.htm (EX-99.1) — 15KB
- image00001.jpg (GRAPHIC) — 9KB
- 0001437749-24-006991.txt ( ) — 218KB
- belfb-20240301.xsd (EX-101.SCH) — 4KB
- belfb-20240301_def.xml (EX-101.DEF) — 13KB
- belfb-20240301_lab.xml (EX-101.LAB) — 17KB
- belfb-20240301_pre.xml (EX-101.PRE) — 13KB
- belfb20240306_8k_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On March 7, 2024, the Company issued a press release regarding Mr. Tweedy's decision to retire from the Board and not stand for re-election at the Company's 2024 Annual Meeting of Shareholders, and certain information about the Company's intended nominee to succeed Mr. Tweedy. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Bel Fuse Inc., dated March 7, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Important Additional Information For Investors and Shareholders The Company intends to file a proxy statement and proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for its 2024 Annual Meeting of Shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO), ACCOMPANYING PROXY CARD, AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THESE DOCUMENTS BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC's website at www.sec.gov. Copies will also be available at no charge on the Company's website at https://ir.belfuse.com/financial-information/sec-filings. The Company, its directors and certain of its executive officers may be deemed to be participants in connection with the solicitation of proxies from the Company's shareholders in connection with the matters to be considered at the Company's 2024 Annual Meeting of Shareholders. Information regarding the ownership of the Company's directors and executive officers in the Company's common shares is included in their SEC filings on Forms 3, 4, and 5, which can be found through the SEC's website at www.sec.gov or on the Company's website at https://ir.belfuse.com/financial-information/sec-filings. Information can also be found in the Company's other SEC filings. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherw