---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031881"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:05:13.606811+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CEO Richard Soloway prices secondary offering of 2M shares at $40.75 per share

## Summary
- Chairman/CEO Richard Soloway selling 2M shares (plus 300k option) at $40.75/share in underwritten offering.
- Company receives no proceeds; all shares sold by Selling Stockholder.
- Offering expected to close March 8, 2024; Needham & Co and TD Cowen are joint book-runners.
- Underwriters have a 30-day option to purchase up to 300k additional shares from Soloway.

## SEC filing metadata
- accession: 0001104659-24-031881
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000110465924031881/0001104659-24-031881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000110465924031881/tm247803d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031881
- JSON: https://secwatch.observer/filing/0001104659-24-031881.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031881.txt

## Key facts
- Material Agreements
  NAPCO SECURITY TECHNOLOGIES, INC entered into Underwriting Agreement with Needham & Company, LLC and Cowen and Company, LLC (effective 2024-03-05).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Needham & Company, LLC and Cowen and Company, LLC
  - Effective: 2024-03-05
  source text: On March 5, 2024, NAPCO Security Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and Cowen and Company, LLC (the “Underwriters”) and the Company’s President, Chief Executive Officer and Chairman of the Board of Directors, Richard L. Soloway (the “Selling Stockholder”), relating to the sale by the Selling Stockholder of an aggregate of 2,000,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) owned by the Selling Stockholder in an underwritten secondary public offering, at a price to the public of $40.75 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000110465924031881/0001104659-24-031881-index.htm

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