---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-017583"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:06:50.026729+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Insiders to sell 2.1M shares at $31.50 in secondary offering; company receives no proceeds

## Summary
- Richard Soloway (CEO/Chairman) and Kevin Buchel (CFO) selling 2.1M shares at $31.50 each.
- Underwriters have 30-day option to buy additional 300,000 shares from selling stockholders.
- Company not issuing any shares; will not receive any proceeds from offering.
- Offering expected to close on or about February 13, 2023.
- Needham & Company and William Blair acting as joint book-runners.

## SEC filing metadata
- accession: 0001104659-23-017583
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000110465923017583/0001104659-23-017583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000110465923017583/tm236068d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-017583
- JSON: https://secwatch.observer/filing/0001104659-23-017583.json
- Plain text: https://secwatch.observer/filing/0001104659-23-017583.txt

## Key facts
- Material Agreements
  NAPCO SECURITY TECHNOLOGIES, INC entered into Underwriting Agreement with Needham & Company, LLC and William Blair & Company, L.L.C., Richard L. Soloway, Kevin S. Buchel (effective 2023-02-08).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Needham & Company, LLC and William Blair & Company, L.L.C., Richard L. Soloway, Kevin S. Buchel
  - Effective: 2023-02-08
  source text: On February 8, 2023, NAPCO Security Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and William Blair & Company, L.L.C. (the “Underwriters”), the Company’s President, Chief Executive Officer and Chairman of the Board of Directors, Richard L. Soloway, and the Company’s Chief Financial Officer and Executive Vice President of Operations, Kevin S. Buchel (each, a “Selling Stockholder” and together, the “Selling Stockholders”), relating to the sale by the Selling Stockholders of an aggregate of 2,100,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) owned by them in an underwritten secondary public offering, at a price to the public of $31.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000110465923017583/0001104659-23-017583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.