{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-003119","form_type":"8-K","ticker":"BELFA","cik":"0000729580","company_name":"BEL FUSE INC /NJ","filed_at":"2025-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.217651+00:00","generated_at":"2026-05-27T01:13:11.361408+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CEO succession: Daniel Bernstein to step down, CFO Farouq Tuweiq to become CEO after May 2025 meeting","bullets":["Daniel Bernstein to step down as President & CEO effective after May 27, 2025 Annual Meeting; to become Non-Executive Chairman.","CFO Farouq Tuweiq appointed as successor President & CEO, effective same date; Board expanded to 10 directors and Tuweiq added.","Tuweiq to vacate CFO role; Board initiates search for successor CFO.","Tuweiq's employment agreement: $600k salary, $1.6M target annual variable comp, $1.2M long-term award, $1.5M promotion RSUs.","Bernstein receives transition pay of $510k over one year, prorated 2025 performance incentive, and 24 months health coverage."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-003119","json":"https://secwatch.observer/filing/0001437749-25-003119.json","markdown":"https://secwatch.observer/filing/0001437749-25-003119.md","text":"https://secwatch.observer/filing/0001437749-25-003119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/belfb20250128_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T01:13:11.361408+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":"166a55466e","claim":"Farouq Tuweiq was appointed as President and Chief Executive Officer at BEL FUSE INC /NJ.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"613dabbc9d","claim":"Farouq Tuweiq departed as Chief Financial Officer at BEL FUSE INC /NJ.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"vacate"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"94eae9e97f","claim":"Daniel Bernstein was appointed as Non-Executive Chairman at BEL FUSE INC /NJ.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Non-Executive Chairman"}],"fact_type":"executive_change"},{"claim_id":"a696f6cf92","claim":"Farouq Tuweiq was appointed as Director at BEL FUSE INC /NJ.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}