{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-008232","form_type":"8-K","ticker":"BELFA","cik":"0000729580","company_name":"BEL FUSE INC /NJ","filed_at":"2025-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.218193+00:00","generated_at":"2026-05-24T14:49:47.946630+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Bel Fuse board awards $882K in FY2024 bonuses to NEOs despite missing matrix targets; modifies 2025 incentive plan","bullets":["Bonus payouts: Farouq Tuweiq $328,125, Steve Dawson $131,250, Peter Bittner III $328,125, Kenneth Lai $94,500; paid partly in cash, partly in restricted stock.","Steve Dawson base salary raised to $315,000 from $250,000, effective retroactively to Jan 1, 2025.","FY2024 matrix targets (revenue and EBITDA growth) were not met; Committee used discretion to award 70% of target plus individual factor.","For 2025, incentive measures switch to target net revenue (dollars) and non-GAAP Adjusted EBITDA Margin (%); PSUs with 3-year TSR vesting to be added.","CEO Daniel Bernstein's FY2024 bonus was set by prior agreement (Feb 8-K)."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-008232","json":"https://secwatch.observer/filing/0001437749-25-008232.json","markdown":"https://secwatch.observer/filing/0001437749-25-008232.md","text":"https://secwatch.observer/filing/0001437749-25-008232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729580/000143774925008232/0001437749-25-008232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729580/000143774925008232/belfb20250313_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T14:49:47.946630+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}