On February 3, 2025, the Board appointed Farouq Tuweiq (“ Mr. Tuweiq ”) as the successor President and CEO of the Company, effective immediately following the 2025 Annual Meeting.
In light of Mr. Tuweiq’s upcoming elevation to the President and CEO role, it is anticipated that Mr. Tuweiq will vacate his current role as CFO / PFO concurrently with his assumption of the CEO role effective immediately following the 2025 Annual Meeting, with the Board having initiated a search process to identify a successor CFO / PFO for the Company.
Subject to Mr. Bernstein’s reelection at the 2025 Annual Meeting, the Board has approved his appointment as Non-Executive Chairman of the Board, effective on the date of the 2025 Annual Meeting.
the Board additionally approved the expansion of the Board to ten directors and the appointment of Mr. Tuweiq as a director on the Board in the class of directors whose terms expire at the 2025 Annual Meeting, with such expansion and appointment to be effective as of the date of the 2025 Annual Meeting.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Farouq Tuweiq was appointed as President and Chief Executive Officer at BEL FUSE INC /NJ.
Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
On February 3, 2025, the Board appointed Farouq Tuweiq (“ Mr. Tuweiq ”) as the successor President and CEO of the Company, effective immediately following the 2025 Annual Meeting.
Farouq Tuweiq departed as Chief Financial Officer at BEL FUSE INC /NJ.
Action
vacate
Role
Chief Financial Officer
Exact text from the filing
In light of Mr. Tuweiq’s upcoming elevation to the President and CEO role, it is anticipated that Mr. Tuweiq will vacate his current role as CFO / PFO concurrently with his assumption of the CEO role effective immediately following the 2025 Annual Meeting, with the Board having initiated a search process to identify a successor CFO / PFO for the Company.
Daniel Bernstein was appointed as Non-Executive Chairman at BEL FUSE INC /NJ.
Action
appointed
Role
Non-Executive Chairman
Exact text from the filing
Subject to Mr. Bernstein’s reelection at the 2025 Annual Meeting, the Board has approved his appointment as Non-Executive Chairman of the Board, effective on the date of the 2025 Annual Meeting.
Farouq Tuweiq was appointed as Director at BEL FUSE INC /NJ.
Action
appointed
Role
Director
Exact text from the filing
the Board additionally approved the expansion of the Board to ten directors and the appointment of Mr. Tuweiq as a director on the Board in the class of directors whose terms expire at the 2025 Annual Meeting, with such expansion and appointment to be effective as of the date of the 2025 Annual Meeting.
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