{"filings":[{"id":442917,"accession_number":"0001493152-26-023093","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-05-14T20:15:43+00:00","items":["5.07"],"status":"ready","headline":"Nortech shareholders elect directors, approve equity plan at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Six directors elected with 1.59M+ votes each; broker non-votes ~401K on all director nominees.","Advisory say-on-pay approved: 1.58M for, 8.9K against, 401.5K broker non-votes.","Ratification of Baker Tilly as auditor: 1.99M for, 8.4K against, no broker non-votes.","2026 Equity Incentive Plan approved: 1.52M for, 79K against, 401.5K broker non-votes.","All four proposals passed; no material changes to governance structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":69121,"accession_number":"0001493152-26-022756","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-05-13T20:32:31+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q1 net loss narrows to $34k; revenue up 12.7% to $30.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $30.3M, up 12.7% YoY; net loss $34k vs $1.3M loss in Q1 2025.","Adjusted EBITDA $350k vs $(1.0M) loss YoY; gross profit +52.8% to $4.7M.","90-day backlog $31.5M, total backlog $90.8M as of March 31, 2026.","Closed $17.2M debt financing; named Andrew Walko SVP Global Operations.","Revenue growth driven by Aerospace & Defense segment and operational improvements."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":11797000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114021,"accession_number":"0001493152-26-012975","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q4 net income $897k vs loss $1.48M YoY; sales up 5.9%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $30.3M in Q4 2025, up 5.9% from $28.6M in Q4 2024.","Net income $897k ($0.32 basic EPS) vs net loss $1.48M ($0.54 loss) YoY.","Adjusted EBITDA $1.2M vs negative $585k in Q4 2024; 90-day backlog $27.3M.","Closed $17.2M debt financing to support nearshoring and growth initiatives.","Achieved AS9100:D certification at Monterrey facility for aerospace markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114020,"accession_number":"0001493152-26-012039","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-03-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems enters $15M revolver, $2.2M term loan with Associated Bank, maturing 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolver up to $15M subject to borrowing base (AR, inventory, fixed assets); term loan $2.2M.","Replaces existing facility due Aug 2026; new facility and term loan mature March 2029.","Interest: SOFR + 2.00% (revolver) or + 2.25% (term loan), at borrower's option.","Covenants include Fixed Charge Coverage Ratio of 1.10:1; restricts dividends, debt, asset sales."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114019,"accession_number":"0001493152-26-009029","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems obtains waiver for Q4 2025 covenant breaches; revises credit facility terms","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Bank of America waived defaults on leverage, fixed charge, and EBITDA covenants for Q4 2025.","New minimum EBITDA targets: $680K for Q1 2026 and $1.559M for Q2 2026.","Revolving commitment reduces from $15M to $12M on April 1, 2026; borrowing base now 80% of eligible assets.","Interest rate increased to SOFR + 3.50%; excess cash above $1.8M must prepay loans.","Foreign subsidiary investments capped at $150K; company negotiating new asset-based facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":114018,"accession_number":"0001493152-26-000512","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2026-01-06T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Nortech Systems appoints Andrew Walko as SVP Global Operations, replacing retiring John Lindeen","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Walko becomes SVP Global Operations effective Jan. 19, 2026, succeeding John Lindeen who retires in Q1 2026.","Base salary of $260,000, bonus target 40% of base, and 25,000 non-qualified stock options vesting over 5 years.","Walko brings executive experience from Sanuwave, Biomerics, and Minnetronix; will oversee U.S., Mexico, and China facilities.","Severance of 9 months base salary if terminated without cause or for good reason (or longer after change of control)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130421,"accession_number":"0001493152-25-022126","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-11-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q3 net loss narrows to $146K; adjusted EBITDA turns positive at $1.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $30.5M, down 2.9% YoY from $31.4M; net loss per basic share $(0.05) vs. $(0.27).","Adjusted EBITDA $1.3M, up from $0.1M in Q3 2024; gross margin improved to $5.0M (+31.0% YoY).","90-day backlog $31.3M as of Sep 30, 2025, up from $29.6M a year earlier.","Monterrey, Mexico facility achieved AS9100:D aerospace certification, expanding market reach.","CEO cites restructuring pay-off; YTD net loss $1.1M vs. YTD net income $0.2M in prior year."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":12628000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130420,"accession_number":"0001493152-25-019730","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-10-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Debarati Sen will not stand for re-election; term ends May 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Debarati Sen notified Nortech Systems she will not seek re-election for the 2026-2027 board term.","Sen will serve the remainder of her term through the annual shareholder meeting in May 2026.","Decision is not the result of any disagreement with the company on operations, policies, or practices.","No replacement named; board composition change effective after May 2026 meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146968,"accession_number":"0001641172-25-024839","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Nortech SVP Global Operations John Lindeen to retire; search underway for replacement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Lindeen, SVP Global Operations, notified retirement on Aug 18, 2025.","Resignation not related to any disagreement with company operations or policies.","He will remain in role through remainder of 2025 and into Q1 2026.","Company initiated search for permanent replacement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146967,"accession_number":"0001641172-25-022510","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q2 net income up 99% to $313K; sales down 9.5% to $30.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $30.7M, down 9.5% YoY; net income $313K ($0.12 EPS) vs $157K in Q2 2024.","Adjusted EBITDA $1.1M, up 16.8% YoY; YTD adjusted EBITDA $73K vs $2.6M.","90-day backlog $26.6M as of June 30; management cites plant efficiency improvements.","YTD net loss $1.0M on sales $57.6M (down 15.5%)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":13006000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146966,"accession_number":"0001641172-25-021913","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-08-01T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems extends $15M BofA credit line to August 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended $15M senior secured revolving credit facility maturity to August 31, 2026.","Amendment No. 3 executed with Bank of America, N.A. effective July 29, 2025.","No changes to interest rate, covenants, or borrowing base disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165462,"accession_number":"0001641172-25-015833","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems agrees to sell Blue Earth, MN facility for $0.5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sale price $0.5M; buyer Clark Equities LLC; expected close by July 16, 2025.","Property located at 1930 W 1st Street, Blue Earth, MN; sale is 'as-is'.","Proceeds not specified; facility sale reduces real estate footprint."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165461,"accession_number":"0001641172-25-010259","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-05-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q1 net loss of $1.3M; revenue down 21% to $26.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $26.9M, down 21.4% YoY from $34.2M; net loss of $1.3M ($0.48 diluted loss).","Adjusted EBITDA loss of $1.0M vs $1.6M positive in prior year; backlog $26.7M at quarter end.","Gross profit fell 43.5% to $3.1M; operating expenses rose 9.3% to $4.7M.","Management cites delays in defense customer approvals for facility transfers; expects to clear majority in Q2 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":13406000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183119,"accession_number":"0001641172-25-001475","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q4 net sales $28.6M, net loss $1.5M; defense delay cited","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $28.6M (-20.6% YoY); net loss $1.5M vs $4.4M profit in Q4 2023.","Adjusted EBITDA loss of $585K; full-year 2024 net loss $1.3M vs $6.9M profit.","Defense customer approval delays for facility transfers from closed Blue Earth plant impacted Q4 sales.","90-day backlog $26.5M; majority of approval backlog expected to clear in Q2 2025.","Restructuring consolidates North American footprint; fiber optics R&D investment ongoing."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.48,"consensus_revenue_estimate":null,"consensus_revenue_actual":13406000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":183118,"accession_number":"0001641172-25-000284","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2025-03-24T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Dan Sachs not standing for re-election; board reduced to 7","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dan Sachs will not stand for re-election at the May 14, 2025 annual meeting.","Board of Directors reduced size from eight to seven members on March 19, 2025.","Departure is not due to any disagreement between Sachs and the company.","Sachs will complete his current term through the annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199697,"accession_number":"0001493152-24-048016","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems extends Milaca facility lease to June 2030 with 5-year renewal option","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lease amended to extend term through June 30, 2030; one 5-year renewal option available.","Base rent set at $5.00/sq ft ($100,000/year), payable in equal monthly installments.","Expansion option allows adding 20,000-25,000 sq ft with construction costs amortized over 240 months.","Expansion rent adjusted to ensure landlord's outstanding debt ≤$400,000 at renewal expiry."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199696,"accession_number":"0001493152-24-043921","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q3 net loss of $739K; sales down 5.9% YoY to $31.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales of $31.4M, down 5.9% from $33.4M in Q3 2023; net loss of ($739K) vs net income of $1.2M.","Adjusted EBITDA fell to $143K from $1.6M; gross profit down 27.9% to $3.8M.","Operating expenses up 4.5%; 90-day backlog of $29.6M as of Sept 30, 2024.","Management cites customers delaying purchases and reducing inventory as headwinds.","Restructuring includes consolidating facilities and moving programs to lower-cost locations."],"consensus_eps_estimate":null,"consensus_eps_actual":0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":99513000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215714,"accession_number":"0001493152-24-030672","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-08-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q2 net sales $33.9M, net income down 75% YoY to $157K","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $33.9M in Q2 2024, down 3.2% YoY from $35.0M.","Net income $157K ($0.06 diluted EPS) vs $634K ($0.24) in Q2 2023, down 75.2%.","Adjusted EBITDA $919K vs $1.622M in prior year, down 43.3%.","90-day backlog $30.1M as of June 30, 2024.","Minnesota facility optimization to save at least $1.6M annually starting 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":68106000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235110,"accession_number":"0001437749-24-017492","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-05-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Nortech Systems shareholders elect directors, approve advisory pay vote, increase stock plan shares to 775,000","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All eight director nominees elected: David Kunin 1,584,943 for; Ryan McManus 1,499,161 for; others similarly approved.","Advisory vote on executive compensation passed with 1,576,442 for, 22,124 against.","2017 Stock Incentive Plan amended to increase reserved shares from 675,000 to 775,000 (1,562,149 for).","Baker Tilly ratified as auditor for 2024 with 2,122,489 for, 314 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":235109,"accession_number":"0001437749-24-017204","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["1.01","2.02","2.05","9.01"],"status":"ready","headline":"Nortech Systems Q1 net income up 12% to $765K; announces Blue Earth plant closure and lease reduction","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 net sales $34.2M (down 1.9% YoY); net income $765K ($0.26 EPS) vs $681K ($0.23).","Gross margin improved 20 bps to 15.9%; EBITDA rose 5.1% to $1.637M.","Signed new $15M credit line; 90-day backlog $35.2M, consistent with year-end.","Closing Blue Earth, MN plant; relocating to Bemidji, expecting $1.0-1.1M closure costs including $0.4M asset write-offs by Dec 2024.","Amended Maple Grove, MN lease through Aug 2033, reducing space ~30%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.26,"consensus_revenue_estimate":null,"consensus_revenue_actual":34215000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252931,"accession_number":"0001437749-24-008695","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-03-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems reports FY2023 net sales $139.3M, net income $6.9M, EBITDA up 38.2% to $8.0M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $139.3M, up 3.9% YoY; net income $6.9M ($2.38 diluted EPS), up from $2.0M ($0.70) in 2022.","Gross margin 16.6%, up 130 bps from 15.3% prior year; EBITDA $8.0M (+38.2% YoY).","Q4 net income includes $2.6M non-cash tax benefit from reversal of valuation allowance.","Year-end backlog $35.1M, consistent with prior year; management sees normalization in supply chain.","Restructured credit agreement with Bank of America to increase borrowing capacity."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":252930,"accession_number":"0001437749-24-006635","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2024-03-05T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems replaces $16M asset-backed line with $15M revolver from BofA, maturing 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $15M senior secured revolving credit facility with Bank of America; maturity Feb 29, 2027.","Replaces prior $16M asset-backed line; no termination penalties incurred.","Financial covenants: max leverage 2.5x, minimum fixed charge coverage 1.25x.","Unused commitment fee of 20 bps per quarter; interest at base rate or SOFR plus margin.","Facility secured by substantially all assets; includes standard dividend and capex limits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270420,"accession_number":"0001437749-23-035310","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-12-26T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Director Steven Rosenstone not seeking re-election to Nortech board, term ends May 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven Rosenstone notified Nortech board on Dec 22, 2023 that he will not stand for re-election for 2024-2025 term.","He will serve until the annual shareholder meeting on May 15, 2024, completing his current term.","Departure is not due to any disagreement with the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270419,"accession_number":"0001437749-23-033686","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-12-05T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Nortech Systems hires Andrew LaFrence as CFO, effective Dec. 1, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Andrew LaFrence appointed CFO and Senior VP of Finance effective Dec. 1, 2023, succeeding Alan Nordstrom.","Annual base salary of $315,000; eligible for bonus up to 45% of base salary.","Received non-qualified stock option for 40,000 shares at $9.04, vesting over 5 years.","Employment term through Nov 30, 2024, with auto-renewal; severance for termination without cause or after change of control.","LaFrence has 39 years of experience; prior CFO roles at Vyant Bio, KORU Medical, StemoniX, Biothera, and Surmodics."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270418,"accession_number":"0001437749-23-030952","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q3 revenue down 5.4% to $33.4M; EPS $0.42 vs $0.53 prior; backlog $102M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $33.4M, down 5.4% YoY; GAAP net income $1.2M ($0.42 diluted EPS) vs $1.5M ($0.53) in Q3 2022.","Gross margin 15.9%, up 30 bps from Q2 2023; EBITDA $1.6M flat with Q2 2023.","Backlog $102M at Sept 30, up slightly; YTD revenue $103.3M, up 4.8% from prior year.","Management cites two large customers pushing out orders; expects resolution near term.","Suzhou China facility earned Class II Medical Device certification from China NMPA, boosting medical sales in Asia."],"consensus_eps_estimate":null,"consensus_eps_actual":0.87,"consensus_revenue_estimate":null,"consensus_revenue_actual":103278000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":270417,"accession_number":"0001437749-23-029777","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Nortech appoints Amy Fredregill and Jose Peris to board of directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Amy Fredregill appointed to board; has 25+ years in advising C-suite of energy, food, ag companies on business model transformation and sustainability.","Jose Peris appointed to board; brings finance and wealth management expertise including financial planning, investment consulting, and corporate governance.","Both new directors will receive fees and equity compensation consistent with other non-employee directors.","Chairman David Kunin cited their expertise in ESG, greentech, medtech, and digital data connectivity as valuable for Nortech's future."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":287368,"accession_number":"0001437749-23-022734","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q2 revenue $35M (+7.7% YoY); EPS $0.22; bookings $37M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net income $0.6M ($0.22 diluted EPS) vs $0.7M ($0.25) in Q2 2022.","Gross margin improved to 15.6% from 15.4% YoY; EBITDA $1.6M (+6.7% YoY).","Q2 bookings of $37M, highest in four quarters; backlog $101M (+$2M QoQ).","Year-to-date revenue $69.9M (+10.6%); net income $1.3M (+58.6% vs H1 2022).","Supply chain disruptions subsiding; management remains cautiously optimistic."],"consensus_eps_estimate":null,"consensus_eps_actual":0.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":69909000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":307507,"accession_number":"0001437749-23-016482","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-06-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Nortech Systems announces death of Board member David Graff","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Graff, a Nortech Board member since May 2022, passed away on May 28, 2023.","Graff retired from Deluxe Corp in 2019 after 20 years as head of Corporate Development.","CEO Jay D. Miller praised Graff's trusted guidance and warmth, extending condolences."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":307506,"accession_number":"0001437749-23-016118","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-05-30T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CFO Christopher D. Jones resigns; Alan Nordstrom named Interim CFO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Christopher D. Jones resigned as CFO and VP of Nortech Systems, effective June 8, 2023.","Departure is not related to the company's financial or operating results or any disagreements.","Corporate Controller Alan Nordstrom will serve as Interim CFO while the search for a successor is conducted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":307505,"accession_number":"0001437749-23-014662","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-05-15T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Nortech Systems shareholders elect eight directors, approve stock plan expansion at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All eight director nominees elected; Dan Sachs received 1,799,868 for votes, highest tally.","Advisory say-on-pay approved with 1,765,759 votes for, 35,223 against, 16,473 abstentions.","Amendment to 2017 Stock Incentive Plan approved, increasing reserved shares from 575,000 to 675,000.","Ratification of Baker Tilly as auditor for FY 2023 passed with 2,166,855 votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":307504,"accession_number":"0001437749-23-013542","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-05-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q1 revenue $34.9M (+13.6%); EPS $0.23 vs $0.05; gross margin 15.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $34.9M, up 13.6% YoY; gross margin 15.7%, up 2.5 percentage points.","GAAP net income $0.7M ($0.23 diluted EPS) vs $0.1M ($0.05) in Q1 2022.","Adjusted EBITDA $1.5M, up 143% from $0.6M in prior-year quarter.","LTM revenue $138M and adjusted EBITDA $6.7M.","Eight consecutive quarters of YoY growth in sales, gross profit, gross margin and EBITDA."],"consensus_eps_estimate":null,"consensus_eps_actual":0.23,"consensus_revenue_estimate":null,"consensus_revenue_actual":34888000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":326521,"accession_number":"0001437749-23-006937","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-03-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q4 revenue up 6.4% to $35.6M; full-year EBITDA $5.8M vs loss","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $35.6M (up 6.4% YoY); gross margin 14.3% (up from 8.0%).","Full-year revenue $134.1M (+16.5%); EBITDA $5.8M vs ($0.2M) loss in 2021.","Backlog $104M at Dec 31, 2022, up 9.6% from prior year.","Full-year gross margin 15.3% (adjusted for 2021 ERC: 9.7%).","Management cites supply chain improvement and pricing actions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":326520,"accession_number":"0001437749-23-006101","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2023-03-10T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Nortech board member Philip Smith will not stand for re-election at May 2023 meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Smith notified the board on March 6, 2023 he will not seek re-election.","His term ends at the May 10, 2023 annual shareholders meeting.","Departure is not the result of any disagreement with the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":344238,"accession_number":"0001437749-22-027000","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2022-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Nortech Systems Q3 revenue $35.3M (+19.8%); 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Miller through 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Base salary set at $498K for first year, increasing to $520K for second year; Board may increase but not decrease without consent.","Bonus eligible at up to 60% of base salary based on annual performance criteria set by Board.","Grant of 42,000 non-qualified stock options; 50% vests over 5 years (5,000 each Feb 27 in 2025-2027, 3,000 in 2028-2029), 50% tied to performance metrics.","Severance: upon termination without cause or for good reason, receives base salary for longer of remaining term or 18 months, prorated bonus, COBRA for up to 18 months, and full option vesting.","Upon Change of Control within 12 months, severance includes maximum bonus for year, base salary for 18 months or remaining term, and immediate full vesting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":41610610.960488506,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":398013,"accession_number":"0001437749-22-000441","cik":722313,"company_name":"NORTECH SYSTEMS INC","ticker":"NSYS","form_type":"8-K","filed_at":"2022-01-05T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Nortech Systems extends Bank of America credit facility to June 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended $16M asset-based revolver maturity from June 2022 to June 2026.","Amendment transitions interest rate benchmark from LIBOR to BSBY rate.","Borrowing base revised: 85% eligible accounts, 70% eligible inventory, 20% WIP capped at $1.5M.","Amendment fee of $32,000 paid to Bank of America; 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