---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-009321"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:41:50.318397+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse adopts 2023 Incentive Compensation Program; CEO base salary raised to $600,000

## Summary
- CEO Daniel Bernstein's 2023 base salary increased 50% to $600,000; CFO Tuweiq to $375,000.
- Target total incentive award opportunities: CEO 150% of salary ($900,000), CFO 125% ($468,750).
- CEO incentive paid 50% cash / 50% restricted stock; other NEOs 60% / 40%.
- Payouts range from 0% to 200% of target based on company/business unit and individual performance.
- Base salaries for two business-unit presidents raised to $325,000 and $300,000 from $300,000 and $275,000.

## SEC filing metadata
- accession: 0001437749-23-009321
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/729580/000143774923009321/0001437749-23-009321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774923009321/belfb20230312_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009321
- JSON: https://secwatch.observer/filing/0001437749-23-009321.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009321.txt

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