Bel Fuse announces retirements of VP Asia Ops and Zhongshan Ops Dir; Lai named successor

BEL FUSE INC /NJ

Raymond Cheung (VP Asia Ops) will retire effective Jan 1, 2023, after 31 years.
YK Tso (Operations Director, Zhongshan) will also retire effective Jan 1, 2023.
Kenneth Lai appointed VP Asia Ops, effective Jan 1, 2023; previously GM of TRP and Power Solutions.
Lai's offer includes $225k base salary, ~$126k additional comp, and 10,000 Class B restricted shares.
Lai joined Bel in 2013 via TRP acquisition; held senior roles at TE Connectivity prior.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Raymond Cheung

Vice President Asia Operations

BELFA · BEL FUSE INC /NJ

Effective: 2023-01-01
Successor: Kenneth Lai
Filed: August 1, 2022, 7:59 PM ET

On July 27, 2022, Raymond Cheung, the Vice President Asia Operations of Bel Fuse Inc. (“Bel” or the “Company”), notified the Company’s board of directors that he will be retiring from his position with the Company effective as of January 1, 2023.

Appointed

Kenneth Lai

Vice President Asia Operations

BELFA · BEL FUSE INC /NJ

Effective: 2023-01-01
Filed: August 1, 2022, 7:59 PM ET

Kenneth Lai, who has senior management responsibility over the Company's TRP Changping and Bel Power Solutions Gongming China operations, has been appointed to succeed Mr. Cheung as Vice President Asia Operations effective as of January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Raymond Cheung departed as Vice President Asia Operations at BEL FUSE INC /NJ.

Action: retiring
Role: Vice President Asia Operations

Exact text from the filing

On July 27, 2022, Raymond Cheung, the Vice President Asia Operations of Bel Fuse Inc. (“Bel” or the “Company”), notified the Company’s board of directors that he will be retiring from his position with the Company effective as of January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Lai was appointed as Vice President Asia Operations at BEL FUSE INC /NJ.

Action: appointed
Role: Vice President Asia Operations

Exact text from the filing

Kenneth Lai, who has senior management responsibility over the Company's TRP Changping and Bel Power Solutions Gongming China operations, has been appointed to succeed Mr. Cheung as Vice President Asia Operations effective as of January 1, 2023.

View on SEC.gov

BEL FUSE INC /NJ filing history →

Source: SEC EDGAR

accession 0001437749-22-018238

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.