---
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"
generated_at: "2026-05-27T01:13:11.361408+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CEO succession: Daniel Bernstein to step down, CFO Farouq Tuweiq to become CEO after May 2025 meeting

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-003119
- JSON: https://secwatch.observer/filing/0001437749-25-003119.json
- Plain text: https://secwatch.observer/filing/0001437749-25-003119.txt

## Key facts
- Executive change
  Farouq Tuweiq was appointed as President and Chief Executive Officer at BEL FUSE INC /NJ.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm
- Executive change
  Farouq Tuweiq departed as Chief Financial Officer at BEL FUSE INC /NJ.
  - Action: vacate
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm
- Executive change
  Daniel Bernstein was appointed as Non-Executive Chairman at BEL FUSE INC /NJ.
  - Action: appointed
  - Role: Non-Executive Chairman
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm
- Executive change
  Farouq Tuweiq was appointed as Director at BEL FUSE INC /NJ.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729580/000143774925003119/0001437749-25-003119-index.htm

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