---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033686"
form_type: "8-K"
ticker: "NSYS"
cik: "0000722313"
company_name: "NORTECH SYSTEMS INC"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:22:59.087245+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nortech Systems hires Andrew LaFrence as CFO, effective Dec. 1, 2023

## Summary
- Andrew LaFrence appointed CFO and Senior VP of Finance effective Dec. 1, 2023, succeeding Alan Nordstrom.
- Annual base salary of $315,000; eligible for bonus up to 45% of base salary.
- Received non-qualified stock option for 40,000 shares at $9.04, vesting over 5 years.
- Employment term through Nov 30, 2024, with auto-renewal; severance for termination without cause or after change of control.
- LaFrence has 39 years of experience; prior CFO roles at Vyant Bio, KORU Medical, StemoniX, Biothera, and Surmodics.

## SEC filing metadata
- accession: 0001437749-23-033686
- form_type: 8-K
- ticker: NSYS
- cik: 0000722313
- company_name: NORTECH SYSTEMS INC
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/722313/000143774923033686/0001437749-23-033686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/722313/000143774923033686/nsys20231205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033686
- JSON: https://secwatch.observer/filing/0001437749-23-033686.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033686.txt

## Key facts
- Executive change
  Alan Nordstrom departed as Chief Financial Officer at NORTECH SYSTEMS INC.
  - Action: departed
  - Role: Chief Financial Officer
  source text: Mr. LaFrence assumed the duties of chief financial officer and principal accounting officer from Alan Nordstrom.
  evidence_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923033686/0001437749-23-033686-index.htm
- Executive change
  Andrew D.C. LaFrence was appointed as Chief Financial Officer and Senior Vice President of Finance at NORTECH SYSTEMS INC.
  - Action: appointed
  - Role: Chief Financial Officer and Senior Vice President of Finance
  source text: On December 1, 2023, the Company entered into an Employment Agreement with Andrew D. C. LaFrence (the “LaFrence Agreement”) as the Company’s Chief Financial Officer and Senior Vice President of Finance effective December 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/722313/000143774923033686/0001437749-23-033686-index.htm

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