{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-014662","form_type":"8-K","ticker":"NSYS","cik":"0000722313","company_name":"NORTECH SYSTEMS INC","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.064075+00:00","generated_at":"2026-06-15T01:48:33.297300+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Nortech Systems shareholders elect eight directors, approve stock plan expansion at annual meeting","bullets":["All eight director nominees elected; Dan Sachs received 1,799,868 for votes, highest tally.","Advisory say-on-pay approved with 1,765,759 votes for, 35,223 against, 16,473 abstentions.","Amendment to 2017 Stock Incentive Plan approved, increasing reserved shares from 575,000 to 675,000.","Ratification of Baker Tilly as auditor for FY 2023 passed with 2,166,855 votes for."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-014662","json":"https://secwatch.observer/filing/0001437749-23-014662.json","markdown":"https://secwatch.observer/filing/0001437749-23-014662.md","text":"https://secwatch.observer/filing/0001437749-23-014662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/nsys20230515_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:48:33.297300+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43f8861613ba24338a85d04ea81b007751c85a02","claim":"NORTECH SYSTEMS INC shareholders approved Advisory approval of named executive officer compensation at the 2023-05-10 meeting.","evidence_excerpt":"(2) The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"94aa7a65cb4cf55c640ad4da7ad538b5bec2f9fa","claim":"NORTECH SYSTEMS INC shareholders approved Amendment to 2017 Stock Incentive Plan increasing reserved shares from 575,000 to 675,000 at the 2023-05-10 meeting.","evidence_excerpt":"(3) The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 575,000 to 675,000.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"9e16a1fb1a829318b80599afab90177c2a38ce93","claim":"NORTECH SYSTEMS INC shareholders approved Election of eight directors at the 2023-05-10 meeting.","evidence_excerpt":"(1) The shareholders elected eight directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"},{"claim_id":"c433f71799e9e843e51c22c1401979de60490e49","claim":"NORTECH SYSTEMS INC shareholders approved Ratification of Baker Tilly US, LLP as independent registered public accounting firm for FY2023 at the 2023-05-10 meeting.","evidence_excerpt":"(4) The shareholders ratified the appointment of Baker Tilly US, LLP (FKA: Baker Tilly Virchow Krause, LLP) as the Company’s independent registered public accounting firm for the year ending December 31, 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-10"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}