Bel Fuse Inc. Files 8-K on Ethics Code Amendments

TL;DR

BEL FUSE amended its ethics code and waived a provision. Filing includes financials.

AI Summary

On August 3, 2024, Bel Fuse Inc. /NJ filed an 8-K report detailing amendments to its Code of Ethics and the waiver of a provision within that code. The filing also includes financial statements and exhibits. The company is incorporated in New Jersey and its principal executive offices are located in West Orange.

Why It Matters

This filing indicates potential changes in the company's internal governance and ethical standards, which could impact investor confidence and regulatory compliance.

Risk Assessment

Risk Level: low — The filing pertains to internal governance and code of ethics, which typically carries a low direct financial risk.

Key Players & Entities

• Bel Fuse Inc. /NJ (company) — Registrant
• August 3, 2024 (date) — Date of earliest event reported
• New Jersey (location) — State of incorporation
• West Orange (location) — City of principal executive offices

FAQ

Key Financial Figures

• $0.10 — hich Registered Class A Common Stock ($0.10 par value) BELFA Nasdaq Global Selec

Filing Documents

• belfb20240529_8k.htm (8-K) — 33KB
• ex_702184.htm (EX-14.1) — 120KB
• image02.jpg (GRAPHIC) — 5KB
• image03.jpg (GRAPHIC) — 33KB
• image04.jpg (GRAPHIC) — 5KB
• image05.jpg (GRAPHIC) — 5KB
• 0001437749-24-024790.txt ( ) — 390KB
• belfb-20240805.xsd (EX-101.SCH) — 4KB
• belfb-20240805_def.xml (EX-101.DEF) — 13KB
• belfb-20240805_lab.xml (EX-101.LAB) — 17KB
• belfb-20240805_pre.xml (EX-101.PRE) — 13KB
• belfb20240529_8k_htm.xml (XML) — 5KB

05. Amendments to the Registrant ' s Code of Ethics, or Waiver of a Provision of the Code of Ethics

Item 5.05. Amendments to the Registrant ' s Code of Ethics, or Waiver of a Provision of the Code of Ethics. On August 3, 2024, the Board of Directors of the Company (the "Board") of Bel Fuse Inc. (the "Company") adopted and approved, based on the recommendation of the Audit Committee of the Board, certain amendments to the Company's Code of Ethics that applies to all directors, officers and employees of the Company (the "Code" or the "Code of Ethics"). The existing Code was refreshed and updated by further enhancing and clarifying the Code's standards requiring compliance with applicable governmental laws, rules, and regulations as well as Company policies and procedures. The amendments include the addition of express provisions relating to (i) compliance with anti-money laundering laws; (ii) compliance with trade controls and sanctions laws, regulations, and restrictions; (iii) minimizing the risk of counterfeit or non-authentic parts in Bel's manufacturing processes; and (iv) compliance with conflict minerals laws, regulations, and corresponding Bel policies and procedures. The foregoing summary of the amendments to the Code is qualified in its entirety by the full text of the amended and restated Code of Ethics, adopted and effective August 3, 2024, which is attached hereto as Exhibit 14.1, and is incorporated herein by reference. The updated Code of Ethics will also be posted in the "Investors" section of the Company's website, www.belfuse.com, under Corporate Governance as soon as practicable.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 14.1 Bel Fuse Inc. Code of Ethics. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 hereunto duly authorized. Date: August 6, 2024 BEL FUSE INC. (Registrant) By: /s/Daniel Bernstein Daniel Bernstein President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 14.1 Bel Fuse Inc. Code of Ethics. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

View Full Filing

View this 8-K filing on SEC EDGAR