{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-03T11:40:46.983667+00:00","company":{"ticker":"NSYS","cik":722313,"company_name":"NORTECH SYSTEMS INC"},"pagination":{"limit":100,"returned":10,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"earnings_release","fact_key":"e21d7ce6965651b894319c2f722cb84e574885b1","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2026-03-26T23:59:59+00:00","payload":{"eps_text":"$0.32 per basic share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$897 thousand","period_text":"the fourth quarter ended December 31, 2025","report_date":"2026-03-26","result_type":"reported_results","revenue_text":"$30.3 million"},"claim":"NORTECH SYSTEMS INC reported the fourth quarter ended December 31, 2025 results: revenue $30.3 million, net income $897 thousand, EPS $0.32 per basic share.","evidence_excerpt":"Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech” or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, industrial, and aerospace & defense markets, reported financial results for the fourth quarter ended December 31, 2025. 2025 Q4 Highlights: ● Net sales of $30.3 million in Q4 2025 vs. $28.6 million in Q4 2024 ● Net income of $897 thousand, or $0.32 per basic share in Q4 2025 vs. $(1,478) thousand, or $(0.54) per basic share in Q4 2024","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-012975","anchor_url":"https://secwatch.observer/filing/0001493152-26-012975#claim-e21d7ce6965651b894319c2f722cb84e574885b1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000149315226012975/0001493152-26-012975-index.htm"},{"fact_type":"material_agreement","fact_key":"bf8c10a48c8510252b03d2fbd918bb00fb1fee26","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2026-03-23T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Associated Facility","agreement_type":"credit_facility","counterparty":"Associated Bank, National Association","effective_date":"2026-03-20","item_codes_triggered":["1.01"],"value_text":"$15,000,000"},"claim":"NORTECH SYSTEMS INC entered into Associated Facility with Associated Bank, National Association valued at $15,000,000 (effective 2026-03-20).","evidence_excerpt":"On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-012039","anchor_url":"https://secwatch.observer/filing/0001493152-26-012039#claim-bf8c10a48c8510252b03d2fbd918bb00fb1fee26","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm"},{"fact_type":"material_agreement","fact_key":"53d27db6ba402ea94f9820c559ce1dc8eb5006d5","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2026-03-06T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Waiver and Amendment No. 4","agreement_type":"credit_facility","counterparty":"Bank of America, N.A.","effective_date":"2026-02-27","item_codes_triggered":["1.01"],"value_text":null},"claim":"NORTECH SYSTEMS INC amended Waiver and Amendment No. 4 with Bank of America, N.A. (effective 2026-02-27).","evidence_excerpt":"On February 27, 2026, Nortech Systems Incorporated (the “Company”) entered into a Waiver and Amendment No. 4 to its Credit Agreement with Bank of America, N.A., dated February 27, 2026 (“Waiver and Amendment”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-009029","anchor_url":"https://secwatch.observer/filing/0001493152-26-009029#claim-53d27db6ba402ea94f9820c559ce1dc8eb5006d5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000149315226009029/0001493152-26-009029-index.htm"},{"fact_type":"executive_change","fact_key":"a6670bf0c0","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2025-03-24T23:59:59+00:00","payload":{"action":"will not stand for re-election","action_category":"departure","departure_tone":"routine","effective_date":"2025-05-14","interim":false,"role":"member of the Board of Directors","role_category":"director","successor_name":null,"successor_named":false},"claim":"Dan Sachs departed as member of the Board of Directors at NORTECH SYSTEMS INC.","evidence_excerpt":"Dan Sachs, a member of the Board of Directors will not stand for re-election as a member of the Board of Directors for the 2025-2026 period.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-000284","anchor_url":"https://secwatch.observer/filing/0001641172-25-000284#claim-a6670bf0c0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000164117225000284/0001641172-25-000284-index.htm"},{"fact_type":"shareholder_vote","fact_key":"3cac3dee748033ac18574e075f88dd4f8e76c37d","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-17T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Ratification of Baker Tilly US, LLP as independent auditor","proposal_type":"auditor_ratification","votes_abstain_text":"17,993","votes_against_text":"314","votes_for_text":"2,122,489"},"claim":"NORTECH SYSTEMS INC shareholders approved Ratification of Baker Tilly US, LLP as independent auditor at the 2024-05-15 meeting.","evidence_excerpt":"The shareholders ratified the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017492","anchor_url":"https://secwatch.observer/filing/0001437749-24-017492#claim-3cac3dee748033ac18574e075f88dd4f8e76c37d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017492/0001437749-24-017492-index.htm"},{"fact_type":"shareholder_vote","fact_key":"104ff165c050a25eb18ddad4f887d3376f367a9b","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-17T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Amendment to 2017 Stock Incentive Plan increasing shares reserved from 675,000 to 775,000","proposal_type":"equity_plan","votes_abstain_text":"21,554","votes_against_text":"23,295","votes_for_text":"1,562,149"},"claim":"NORTECH SYSTEMS INC shareholders approved Amendment to 2017 Stock Incentive Plan increasing shares reserved from 675,000 to 775,000 at the 2024-05-15 meeting.","evidence_excerpt":"The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 675,000 to 775,000.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017492","anchor_url":"https://secwatch.observer/filing/0001437749-24-017492#claim-104ff165c050a25eb18ddad4f887d3376f367a9b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017492/0001437749-24-017492-index.htm"},{"fact_type":"shareholder_vote","fact_key":"fdfdffb4fa13163558fb966f2d194c38984d6cfe","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-17T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Advisory approval of executive compensation","proposal_type":"say_on_pay","votes_abstain_text":"8,432","votes_against_text":"22,124","votes_for_text":"1,576,442"},"claim":"NORTECH SYSTEMS INC shareholders approved Advisory approval of executive compensation at the 2024-05-15 meeting.","evidence_excerpt":"The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017492","anchor_url":"https://secwatch.observer/filing/0001437749-24-017492#claim-fdfdffb4fa13163558fb966f2d194c38984d6cfe","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017492/0001437749-24-017492-index.htm"},{"fact_type":"shareholder_vote","fact_key":"a1c5d66d432af09079b97857ba0b30e7a4d114a8","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-17T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2024-05-15","outcome":"passed","proposal_text":"Election of eight directors to serve one-year terms","proposal_type":"director_election","votes_abstain_text":"533,798","votes_against_text":"22,055","votes_for_text":"1,584,943"},"claim":"NORTECH SYSTEMS INC shareholders approved Election of eight directors to serve one-year terms at the 2024-05-15 meeting.","evidence_excerpt":"Kunin 1,584,943 22,055 533,798 Ryan P. McManus 1,499,161 107,837 533,798 Jay D. Miller 1,479,013 127,985 533,798 Amy S.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017492","anchor_url":"https://secwatch.observer/filing/0001437749-24-017492#claim-a1c5d66d432af09079b97857ba0b30e7a4d114a8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017492/0001437749-24-017492-index.htm"},{"fact_type":"earnings_release","fact_key":"63b0311197176f7555a634e417ca2714819723cf","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-16T23:59:59+00:00","payload":{"eps_text":"$0.26 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$765 thousand, or $0.26 per diluted share","period_text":"first quarter ended March 31, 2024","report_date":"2024-05-16","result_type":"reported_results","revenue_text":"$34.2 million"},"claim":"NORTECH SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $34.2 million, net income $765 thousand, or $0.26 per diluted share, EPS $0.26 per diluted share.","evidence_excerpt":"electromechanical products serving the medical, industrial and defense markets, reported first quarter ended March 31, 2024 financial results. 2024 Q1 Highlights: ● Net sales of $34.2 million, down 1.9% from Q1 2023. ● Net income increased to $765 thousand, or $0.26 per diluted share, compared with net income of $681 thousand or $0.23 per diluted share, in Q1 2023. ●","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001437749-24-017204","anchor_url":"https://secwatch.observer/filing/0001437749-24-017204#claim-63b0311197176f7555a634e417ca2714819723cf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017204/0001437749-24-017204-index.htm"},{"fact_type":"restructuring_charge","fact_key":"fd6a6d26f3d0b62b9539e1c2fd1d2c4c39ffeb2b","cik":722313,"ticker":"NSYS","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-05-16T23:59:59+00:00","payload":{"affected_area":"Blue Earth, Minnesota manufacturing plant","charge_text":"approximately $1.0 million to $1.1 million","effective_date":"2024-05-16","event_type":"restructuring","headcount_text":null,"item_codes_triggered":["2.05"]},"claim":"NORTECH SYSTEMS INC announced a restructuring with charges of approximately $1.0 million to $1.1 million affecting Blue Earth, Minnesota manufacturing plant.","evidence_excerpt":"On May 16, 2024, the Registrant issued a press release, attached hereto as Exhibit 99.1, announcing that the Registrant will close its manufacturing plant located in Blue Earth, Minnesota and relocate the production of products made in that facility to its facility in Bemidji, Minnesota. The registrant further announced that it expects this closure to result in out-of-pocket expenses for employee severance and other plant closure expenses of approximately $1.0 million to $1.1 million, including asset write-offs of about $0.4 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001437749-24-017204","anchor_url":"https://secwatch.observer/filing/0001437749-24-017204#claim-fd6a6d26f3d0b62b9539e1c2fd1d2c4c39ffeb2b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774924017204/0001437749-24-017204-index.htm"}]}