secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001437749-22-012336
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech adds David Graff to board; shareholders approve stock plan increase
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- David J. Graff elected to Nortech's board effective March 11, 2022; retired from Deluxe Corp after 20 years.
- At annual meeting May 11, 2022, all eight director nominees elected, including Graff (1.48M votes for).
- Shareholders approved 2017 Stock Incentive Plan amendment increasing reserved shares from 400,000 to 575,000 (43.75% increase).
- Advisory vote on executive compensation passed with 1.50M votes for; Baker Tilly ratified as auditor.
- Graff brings financial leadership and strategic skills to support Nortech's growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774922012336/0001437749-22-012336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774922012336/nsys20220513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-012336

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