Bel Fuse appoints Lynn Hutkin as CFO effective May 27, 2025

BEL FUSE INC /NJ

Lynn Hutkin promoted from VP of Financial Reporting & Investor Relations to CFO, succeeding Farouq Tuweiq who becomes CEO.
Base salary of $300,000, target annual variable compensation of 125% of Base Salary (0-200% range).
Eligible for annual long-term performance award of 75% of Base Salary; severance includes 12 months Base Salary if terminated without Cause.
Employment agreement includes confidentiality, non-compete, non-solicitation, and clawback provisions.
Appointment effective immediately following the 2025 Annual Meeting on May 27, 2025.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Farouq Tuweiq

President and Chief Executive Officer

BELFA · BEL FUSE INC /NJ

Effective: 2025-05-27
Successor: Lynn Hutkin
Filed: May 21, 2025, 7:59 PM ET

Farouq Tuweiq (“ Mr. Tuweiq ”), Bel’s current Chief Financial Officer (“ CFO ”), principal financial officer and Treasurer, was appointed to succeed Daniel Bernstein as the Company’s President and Chief Executive Officer, effective immediately following the Company’s 2025 Annual Meeting

Appointed

Farouq Tuweiq

Director

BELFA · BEL FUSE INC /NJ

Effective: 2025-05-27
Filed: May 21, 2025, 7:59 PM ET

the Board approved the expansion of the Board to ten directors and the appointment of Mr. Tuweiq as a director on the Board, effective as of the date of the 2025 Annual Meeting

Appointed

Lynn Hutkin

Chief Financial Officer

BELFA · BEL FUSE INC /NJ

Effective: 2025-05-27
Filed: May 21, 2025, 7:59 PM ET

On May 20, 2025, the Board appointed Lynn Hutkin (“ Ms. Hutkin ”), currently Bel’s Vice President of Financial Reporting and Investor Relations, as the Company’s new CFO, effective immediately following the 2025 Annual Meeting

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Farouq Tuweiq was appointed as President and Chief Executive Officer at BEL FUSE INC /NJ.

Action: appointed to succeed
Role: President and Chief Executive Officer

Exact text from the filing

Farouq Tuweiq (“ Mr. Tuweiq ”), Bel’s current Chief Financial Officer (“ CFO ”), principal financial officer and Treasurer, was appointed to succeed Daniel Bernstein as the Company’s President and Chief Executive Officer, effective immediately following the Company’s 2025 Annual Meeting

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Farouq Tuweiq was appointed as Director at BEL FUSE INC /NJ.

Action: appointed
Role: Director

Exact text from the filing

the Board approved the expansion of the Board to ten directors and the appointment of Mr. Tuweiq as a director on the Board, effective as of the date of the 2025 Annual Meeting

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lynn Hutkin was appointed as Chief Financial Officer at BEL FUSE INC /NJ.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 20, 2025, the Board appointed Lynn Hutkin (“ Ms. Hutkin ”), currently Bel’s Vice President of Financial Reporting and Investor Relations, as the Company’s new CFO, effective immediately following the 2025 Annual Meeting

View on SEC.gov

BEL FUSE INC /NJ filing history →

Source: SEC EDGAR

accession 0001437749-25-017985

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