NorTech Systems Inc. Files 8-K for Material Definitive Agreement
Ticker: NSYS · Form: 8-K · Filed: Nov 27, 2024 · CIK: 722313
| Field | Detail |
|---|---|
| Company | Nortech Systems Inc (NSYS) |
| Form Type | 8-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, 8-K
TL;DR
NorTech Systems Inc. signed a big deal, filing an 8-K on Nov 22, 2024.
AI Summary
On November 22, 2024, NorTech Systems Inc. entered into a material definitive agreement. The company, incorporated in Minnesota with IRS number 41-1681094, filed an 8-K report detailing this agreement. The filing also includes financial statements and exhibits related to the event.
Why It Matters
This filing indicates a significant new contract or partnership for NorTech Systems Inc., which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could be positive or negative depending on the terms, thus carrying a medium risk.
Key Players & Entities
- NorTech Systems Inc. (company) — Registrant
- November 22, 2024 (date) — Date of earliest event reported
- Minnesota (jurisdiction) — State of incorporation
- 41-1681094 (identifier) — IRS Employer Identification No.
- 7550 Meridian Circle N, Maple Grove, MN 55369 (address) — Principal executive offices
- (952) 345-2244 (phone_number) — Registrant's telephone number
FAQ
What type of material definitive agreement did NorTech Systems Inc. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on November 22, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 22, 2024.
What is NorTech Systems Inc.'s state of incorporation?
NorTech Systems Inc. is incorporated in Minnesota.
What is the IRS Employer Identification Number for NorTech Systems Inc.?
The IRS Employer Identification Number for NorTech Systems Inc. is 41-1681094.
Where are NorTech Systems Inc.'s principal executive offices located?
NorTech Systems Inc.'s principal executive offices are located at 7550 Meridian Circle N, Maple Grove, MN 55369.
Filing Stats: 439 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-11-27 16:38:46
Filing Documents
- form8-k.htm (8-K) — 34KB
- ex10-1.htm (EX-10.1) — 27KB
- 0001493152-24-048016.txt ( ) — 235KB
- nsys-20241122.xsd (EX-101.SCH) — 3KB
- nsys-20241122_lab.xml (EX-101.LAB) — 33KB
- nsys-20241122_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 22, 2024 NORTECH SYSTEMS INCORPORATED (Exact name of registrant as specified in charter) Minnesota 0-13257 41-1681094 (State or other jurisdiction (Commission IRS Employer of incorporation) File Number) Identification No.) 7550 Meridian Circle N , Maple Grove , MN 55369 (Address of principal executive offices) (952) 345-2244 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed from last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol(s) Name of each exchange on which registered: Common Stock, par value $.01 per share NSYS NASDAQ Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement On November 22, 2024, Nortech Systems Incorporated (the "Company") completed an amendment to the lease on its Milaca, Minnesota facility to extend the term to June 30, 2030. The lease amendment also includes an option to renew the lease for an additional 5-year period. Item 9.01 Financial Statements and Exhibits 10.1 2024 Amendment to Lease Agreement for Milaca facility between the Company and Pakonen-Kolb, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 27, 2024 Nortech Systems Incorporated (Registrant) /s/ Andrew D. C. LaFrence Andrew D. C. LaFrence Chief Financial Officer and SVP Finance