Bel Fuse Inc /Nj 8-K Filing

FAQ

Key Financial Figures

• $0.10 — hich Registered Class A Common Stock ($0.10 par value) BELFA Nasdaq Global Sele
• $10 m — in Innolectric, totaling approximately $10 million, and related party notes receivab
• $4 million — eeds and business development) of about $4 million recorded on Bel's balance sheet. As a
• $14 million — mpairment charge of up to approximately $14 million in the fourth quarter of 2025, represen
• $0.4 million — ing minority interest in Innolectric of $0.4 million during the nine months ended September
• $0.6 million — ne months ended September 30, 2025, and $0.6 million during the year ended December 31, 2024
• $0.8 m — incurred approximately $0.6 million and $0.8 million, respectively, of cash expenditur

Filing Documents

• belfa20251201_8k.htm (8-K) — 50KB
• ex_894201.htm (EX-99.1) — 19KB
• bellogo.jpg (GRAPHIC) — 5KB
• 0001437749-25-036765.txt ( ) — 231KB
• belfa-20251126.xsd (EX-101.SCH) — 4KB
• belfa-20251126_def.xml (EX-101.DEF) — 13KB
• belfa-20251126_lab.xml (EX-101.LAB) — 17KB
• belfa-20251126_pre.xml (EX-101.PRE) — 13KB
• belfa20251201_8k_htm.xml (XML) — 5KB

06. Material Impairments

Item 2.06. Material Impairments. On November 26, 2025, the management of Bel Fuse Inc. ("Bel" or the "Company"), concluded that an impairment charge will be required in connection with Bel's noncontrolling minority investment in innolectric AG ("Innolectric"), a Germany-based e-Mobility technology company, and related party notes receivable. Bel acquired a noncontrolling one-third ( 1 / 3 ) minority stake in Innolectric in February 2023. Despite Innolectric's innovative products, intellectual property, and engineering talent, factors including the exit of certain companies from the market, the softening of government incentives, and persistent weakness in the global electric vehicle (EV) sector have delayed high-volume sales and resulted in continued operating losses for Innolectric over the past two years. With challenges expected to persist heading into 2026 for Innolectric, the controlling majority owner of Innolectric notified Bel that it would be unable to provide its pro-rata share of future funding. Bel also lacked interest in acquiring the remaining stake in Innolectric from the controlling majority owner. Subsequently, Bel was advised that on November 26, 2025 insolvency proceedings were initiated pursuant to an application submitted within the German legal system with respect to Innolectric. This event triggered a review of Bel's investment in Innolectric, totaling approximately $10 million, and related party notes receivable (representing the outstanding balance of incremental loans previously extended by Bel to Innolectric to fund working capital needs and business development) of about $4 million recorded on Bel's balance sheet. As a result of these developments, based on currently available information and estimates, Bel anticipates recording a pre-tax impairment charge of up to approximately $14 million in the fourth quarter of 2025, representing the potential full loss of Bel's Innolectric investment and notes receivable. The final amount of the

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On December 3, 2025, Bel issued a press release regarding the impairment charge anticipated to be recorded as described in Item 2.06 of this Current Report on Form 8-K. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated into this item 7.01 by reference. Cautionary Language Concerning Forward-Looking Statements This Current Report on Form 8-K including Exhibit 99.1 hereto includes forward-looking statements, including statements relating to possible and anticipated future events surrounding, and the corresponding treatment of, Bel's Innolectric investment and the related notes receivable; Innolectric's insolvency proceeding and the progress and resolution thereof; the anticipated impairment charge relating to Bel's Innolectric investment and associated notes receivable, the estimated amount of the impairment charge, and expected effects and projections about corresponding impacts on the Company's financial statements, performance and future operating results and expenditures; and statements about the Company's future plans, focuses and priorities. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "predict," "should," "will," "expect," "project," "forecast," "goal," "outlook," "target," or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are made as of the date of this Current Report on Form 8-K and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of the Company and certain analyses made in light of its experience and perception of historical trends, curr

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release of Bel Fuse Inc. dated December 3, 2025, furnished hereto. 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: December 3, 2025 BEL FUSE INC. (Registrant) By: /s/Farouq Tuweiq Farouq Tuweiq President and Chief Executive Officer EXHIBIT INDEX Exhibit No. Description 99.1 Press Release of Bel Fuse Inc. dated December 3, 2025, furnished hereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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