{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-028966","form_type":"8-K","ticker":"BELFA","cik":"0000729580","company_name":"BEL FUSE INC /NJ","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.848384+00:00","generated_at":"2026-06-09T12:19:11.910068+00:00","sec_items":["2.02","5.03","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bel Fuse Q3 net earnings rise to $19.4M despite 11% sales decline; guides Q4 sales $146-$154M","bullets":["Net sales of $158.7M, down 11% from $177.7M in Q3-22; non-GAAP adjusted sales $157.7M.","Gross margin improved to 35.0% from 29.0% year-over-year on favorable product mix.","Net earnings of $19.4M vs. $16.5M in Q3-22; adjusted EBITDA $29.9M (18.8% of sales).","Backlog $408M at Sept. 30, 2023; Q4-23 sales expected in $146-$154M range.","Facility consolidations substantially complete; projected annual cost savings of ~$6.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-028966","json":"https://secwatch.observer/filing/0001437749-23-028966.json","markdown":"https://secwatch.observer/filing/0001437749-23-028966.md","text":"https://secwatch.observer/filing/0001437749-23-028966.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/belfb20230809_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T12:19:11.910068+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":"d3bca55449579eef03d0632c8797c8fa52fb0a1c","claim":"BEL FUSE INC /NJ reported the third quarter of 2023 results: revenue $ 158.7 million, net income $ 19.4 million.","evidence_excerpt":"Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the third quarter of 2023 . Third Quarter 2023 Highlights • Net sales of $ 158.7 million compared to $177.7 million in Q3-22.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$ 158.7 million"},{"label":"Net income","value":"$ 19.4 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"1008e65a62c2674d23b631b1ddd8f3a8ebd1b11b","claim":"BEL FUSE INC /NJ: Adopted Amended and Restated By-Laws with enhanced advance notice provisions, director nominee requirements, proxy card color rule, and ministerial updates (effective 2023-10-25).","evidence_excerpt":"On October 25, 2023, the Company’s Board of Directors (the “Board”) adopted Amended and Restated By-Laws of the Company (the “Amended and Restated By-Laws”), effective as of that date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774923028966/0001437749-23-028966-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-10-25"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}