Highest-materiality recent filing
Bel Fuse prices upsized 1.5M share Class B offering at $266; net $383M for debt, Enercon acquisition
Offering of 1,500,000 Class B shares (plus 225,000 over-allotment) at $266 per share; gross proceeds $399M.
Bel Fuse recasts historical segment data after realignment to two segments
Effective Q1 2026, segments changed to Aerospace, Defense & Rugged Solutions and Industrial Technology & Data Solutions.
Bel Fuse Q1 sales $178.5M (+17% YoY); GAAP EPS down, non-GAAP up; guides Q2 revenue $195M-$215M
Net sales $178.5M, up 17.2% YoY from $152.2M; gross margin 39.0% vs 38.6%.
Bel Fuse realigns into two end-market segments, appoints Smelker and Dawson as presidents
New segments: Aerospace, Defense & Rugged Solutions (~$369M, 55% of FY25 sales) and Industrial Technology & Data Solutions (~$307M, 45%).
Bel Fuse amends 8-K to confirm Grant Thornton dismissal effective Feb 24, 2026; no disagreements
Dismissal of Grant Thornton effective Feb 24, 2026 upon filing of FY 2025 10-K.
Bel Fuse Q4 sales up 17% to $175.9M; non-GAAP net earnings $24.9M; provides Q1 guidance
Q4 net sales $175.9M (+17.4% YoY); gross margin 39.4% vs 37.5% in Q4-24.
Pete Bittner will retire on April 3, 2026 after 35 years at Bel Fuse; under his leadership Connectivity Solutions profitability doubled over four years.
Bel Fuse dismisses Grant Thornton as auditor; appoints Deloitte for FY 2026
Audit Committee dismissed Grant Thornton on Dec 4, 2025; Deloitte appointed as new independent auditor for FY 2026.
Pre-tax impairment of up to ~$14M expected in Q4 2025, covering full loss of $10M investment and $4M notes receivable.
Bel Fuse Q3 sales up 44.8% YoY to $179M; guides Q4 sales $165-180M
GAAP net earnings $22.3M vs $8.1M in Q3-24; adjusted EBITDA $39.2M (21.9% of sales).
Bel Fuse Q2 net sales $168M (+26% YoY); GAAP EPS up; guides Q3 sales $165-180M
Net sales $168.3M, up 26.3% from $133.2M in Q2-24.
Director Thomas Dooley resigns from Bel Fuse Board effective June 30, 2025
Thomas Dooley resigned from the Board of Directors and all committees, effective June 30, 2025.
Bel Fuse CEO transition effective May 27; Tuweiq named President/CEO, Bernstein becomes Chairman
Farouq Tuweiq promoted from CFO to President and CEO effective May 27, 2025.
Bel Fuse appoints Lynn Hutkin as CFO effective May 27, 2025
Lynn Hutkin promoted from VP of Financial Reporting & Investor Relations to CFO, succeeding Farouq Tuweiq who becomes CEO.
Farouq Tuweiq (who prior to the Effective Time served as Bel’s Chief Financial Officer (“ CFO ”), principal financial officer and Treasurer), became the Company’s President and Chief Executive Officer
Lynn Hutkin (who prior to the Effective Time served as Bel’s Vice President of Financial Reporting and Investor Relations, principal accounting officer and Secretary), became Bel’s CFO (principal financial officer), Principal Accounting Officer, Treasurer and Secretary.
Mr. Tuweiq’s appointment as a director on the Board (in the class of directors whose terms expired at the 2025 Annual Meeting) became effective.
Daniel Bernstein (who prior to the Effective Time served as Bel’s President and Chief Executive Officer and as a director of the Company), became non-executive Chairman of Bel’s Board of Directors
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
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
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
Max materiality 0.75 · Median 0.65 · Most common event other_material