secwatch.observer — SEC 8-K summary
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Issuer:     BEL FUSE INC /NJ (BELFA)
CIK:        0000729580
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001437749-23-009321
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729580/000143774923009321/0001437749-23-009321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729580/000143774923009321/belfb20230312_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-009321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer