---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012635"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2024-09-06T23:59:59+00:00"
generated_at: "2026-05-31T06:08:29.359126+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NAPCO refutes Fuzzy Panda short-seller report, highlights record revenue and cash

## Summary
- Refutes Fuzzy Panda Sept 5 report; independent investigation found no evidence supporting allegations.
- Record revenues and earnings in Aug 29 10-K; $97.7M cash; dividend raised 25% to $0.125/share.
- Remediated FY2023 material weaknesses; new inventory costing weakness to be fixed by Q2 fiscal 2025.
- Approximately 580,000 shares available under existing repurchase plan.
- Defends 90% recurring revenue margin; cites Alarm.com's 86% gross margin; commercial focus explained.

## SEC filing metadata
- accession: 0001558370-24-012635
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2024-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837024012635/0001558370-24-012635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837024012635/nssc-20240906x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012635
- JSON: https://secwatch.observer/filing/0001558370-24-012635.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012635.txt

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