Nortech Systems Inc. DEF 14A: Executive Comp & Stock Options
Ticker: NSYS · Form: DEF 14A · Filed: Apr 1, 2025 · CIK: 722313
| Field | Detail |
|---|---|
| Company | Nortech Systems Inc (NSYS) |
| Form Type | DEF 14A |
| Filed Date | Apr 1, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, stock-options, DEF-14A
TL;DR
Nortech's 2024 DEF 14A shows stock option values rose for execs.
AI Summary
Nortech Systems Inc. filed a DEF 14A on April 1, 2025, detailing executive compensation and stock option awards for the fiscal year ending December 31, 2024. The filing highlights increases in the fair value of outstanding and vested stock options granted in prior years for both PEO and Non-PEO members, reflecting potential changes in the company's stock performance or valuation metrics.
Why It Matters
This filing provides insight into how executive compensation is structured and how the company values stock options, which can impact investor decisions and employee morale.
Risk Assessment
Risk Level: medium — DEF 14A filings often contain information about executive compensation and potential dilution from stock options, which can be material to investors.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for compensation details)
- 20250401 — Filing Date (Date the DEF 14A was submitted)
Key Players & Entities
- NORTECH SYSTEMS INC (company) — Filer
- 0000722313 (company) — Central Index Key
- 411681094 (company) — EIN
- MN (company) — State of Incorporation
- 1231 (company) — Fiscal Year End
- 19901217 (company) — Date of Name Change (DSC NORTECH INC)
- 19881113 (company) — Date of Name Change (DIGIGRAPHIC SYSTEMS CORP)
FAQ
What was the primary reason for the increase in fair value of stock options for PEO members in 2024?
The filing indicates an 'IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember' and 'IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember' for PEO members, suggesting a rise in the underlying stock price or valuation metrics contributed to the increased fair value.
Did the fair value of stock options for Non-PEO members also increase in 2024?
Yes, the filing shows similar increases for Non-PEO members, with entries for 'IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember' and 'IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember'.
Are there any disclosed decreases in the fair value of stock options for executive members?
The filing includes an entry for 'DecreaseInFairValueEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatAreOutstandingAndUnvestedMember' for PEO members, indicating that some outstanding options may have decreased in value.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3679, which corresponds to 'ELECTRONIC COMPONENTS, NEC'.
When did Nortech Systems Inc. change its name from DSC NORTECH INC?
The date of the name change from DSC NORTECH INC to NORTECH SYSTEMS INC was December 17, 1990 (19901217).
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on April 1, 2025 regarding NORTECH SYSTEMS INC (NSYS).