---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-015730"
form_type: "8-K"
ticker: "BELFA"
cik: "0000729580"
company_name: "BEL FUSE INC /NJ"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:24:02.104116+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Bel Fuse annual meeting results: all proposals pass, GAMCO voting rights suspended

## Summary
- Elected directors Dooley, Smith, and Brito; Dooley and Brito received >97% of votes cast, Smith received ~77%.
- Ratified Grant Thornton as auditor for 2023 with 1,515,881 votes for (96.6% of votes cast).
- Advisory say-on-pay approved with 1,301,492 votes for (97.9% of votes cast); less than 3% against.
- Shareholders favored annual say-on-pay frequency (825,069 votes); Board adopts annual advisory vote.
- Voting rights of GAMCO (384,338 Class A shares) were suspended due to protective charter provisions.

## SEC filing metadata
- accession: 0001437749-23-015730
- form_type: 8-K
- ticker: BELFA
- cik: 0000729580
- company_name: BEL FUSE INC /NJ
- filed_at: 2023-05-24T23:59:59+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/729580/000143774923015730/0001437749-23-015730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/729580/000143774923015730/belfb20230524_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-015730
- JSON: https://secwatch.observer/filing/0001437749-23-015730.json
- Plain text: https://secwatch.observer/filing/0001437749-23-015730.txt

## Key facts
- Shareholder Votes
  BEL FUSE INC /NJ shareholders approved Election of three persons to serve as directors for three-year terms at the 2023-05-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Proposal 1 : The election of three persons, named in the proxy statement, to serve as directors for three-year terms. The following is a list of the directors elected at the Annual Meeting and the number of votes For and Withheld, as well as the number of Broker Non-Votes: Name For Withheld Broker Non-Votes Thomas E. Dooley 1,293,989 35,638 239,009 Rita V. Smith 1,021,500 308,127 239,009 Jacqueline Brito 1,298,177 31,450 239,009
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923015730/0001437749-23-015730-index.htm
- Shareholder Votes
  BEL FUSE INC /NJ shareholders approved Advisory vote on how often the Company will conduct an advisory vote on executive compensation at the 2023-05-23 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Proposal 4: The vote, on an advisory basis, on how often the Company will conduct an advisory vote on executive compensation. The vote on this proposal was as follows: Every One Year Every Two Years Every Three Years Abstentions Broker Non-Votes 825,069 382,281 121,597 680 239,009 Based upon and taking into consideration the voting results on Proposal 4 set forth above, the Company’s Board of Directors has determined that an advisory vote by the shareholders regarding named executive officer compensation as set forth in the proxy statement will be conducted on an annual basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923015730/0001437749-23-015730-index.htm
- Shareholder Votes
  BEL FUSE INC /NJ shareholders approved Ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2023 at the 2023-05-23 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Proposal 2: The ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2023. This proposal was approved by the following votes (there were no Broker Non-Votes): For Against Abstentions 1,515,881 52,520 235
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923015730/0001437749-23-015730-index.htm
- Shareholder Votes
  BEL FUSE INC /NJ shareholders approved Advisory approval of the executive compensation of the Company's named executive officers at the 2023-05-23 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: Proposal 3: The approval, on an advisory basis, of the executive compensation of the Company's named executive officers as described in the proxy statement. This proposal was approved by the following votes: For Against Abstentions Broker Non-Votes 1,301,492 27,270 865 239,009
  evidence_url: https://www.sec.gov/Archives/edgar/data/729580/000143774923015730/0001437749-23-015730-index.htm

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