---
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"
generated_at: "2026-06-15T01:48:33.297300+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Nortech Systems shareholders elect eight directors, approve stock plan expansion at annual meeting

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014662
- JSON: https://secwatch.observer/filing/0001437749-23-014662.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014662.txt

## Key facts
- Shareholder Votes
  NORTECH SYSTEMS INC shareholders approved Advisory approval of named executive officer compensation at the 2023-05-10 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm
- Shareholder Votes
  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.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm
- Shareholder Votes
  NORTECH SYSTEMS INC shareholders approved Election of eight directors at the 2023-05-10 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm
- Shareholder Votes
  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.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923014662/0001437749-23-014662-index.htm

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