NAPCO SECURITY TECHNOLOGIES, INC — fact timeline

Kevin Buchel was appointed as Chief Executive Officer and President at NAPCO SECURITY TECHNOLOGIES, INC.

“Mr. Kevin Buchel, currently President and Chief Operating Officer, will serve as Chief Executive Officer and President”

Richard Soloway was appointed as Founder and Executive Chairman at NAPCO SECURITY TECHNOLOGIES, INC.

“Mr. Richard Soloway, currently Chairman and Chief Executive Officer, will serve as Founder and Executive Chairman”

NAPCO SECURITY TECHNOLOGIES, INC reported three months ended March 31, 2026 results: revenue $49,167, net income $(408), EPS $(0.01).

“​ Financial Highlights ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ (decrease) ​ ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ (decrease) ​ GAAP Results ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Revenue ​ $ 49,167 ​ $ 43,961 11.8 % ​ $ 146,507 ​ $ 130,897 11.9 % Gross Profit ​ $ 29,489 ​ $ 25,127 ​ 17.4 % ​ $ 85,573 ​ $ 74,232 ​ 15.3 % Gross Profit Margin ​ ​ 60.0 % ​ 57.2 % ​ ​ ​ ​ 58.4 %”

NAPCO SECURITY TECHNOLOGIES, INC reported three and nine months ended March 31, 2026 results: revenue $49.2 million, net income $(0.4) million, EPS $(0.01).

“NAPCO Security Technologies, Inc. Reports Fiscal 2026 Q3 Results Fiscal Q3 2026 Highlights ● Q3 Net revenues of $49.2 million, a 11.8% YoY increase”

Kevin Buchel changed role as President and Chief Operating Officer at NAPCO SECURITY TECHNOLOGIES, INC.

“Mr. Buchel, who was formerly both President, Chief Operating Officer and Chief Financial Officer will continue as President and Chief Operating Officer.”

Andrew Vuono was appointed as Chief Financial Officer at NAPCO SECURITY TECHNOLOGIES, INC.

“On May 2, 2025, Andrew Vuono was appointed Chief Financial Officer reporting to Kevin Buchel, which will be effective May 6, 2025.”

Paul S. Beeber resigned as Director at NAPCO SECURITY TECHNOLOGIES, INC.

“On September 17, 2024, Paul S. Beeber resigned as a director of the Company effective as of that date.”

NAPCO SECURITY TECHNOLOGIES, INC reported the fiscal quarter ended March 31, 2024 results: revenue $49.3 million, net income $13.2 million, EPS $0.36.

“of that section. --- EX-99.1 (EX-99.1) --- NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA* for Q3 of Fiscal 2024 -Net Sales for the Quarter Increase 13% to $49.3 Million- -Net Income for the Quarter Increases 38% to $13.2 Million- -Adjusted EBITDA* for the Quarter Increases 37% to $15.6 Million- -3rd Quarter Recurring Service Revenues Increase”

Andrew Vuono was appointed as Senior Vice President of Finance and Chief Accounting Officer at NAPCO SECURITY TECHNOLOGIES, INC.

“On May 2, 2024, Andrew Vuono was appointed as the Company’s Senior Vice President of Finance and Chief Accounting Officer.”

Michael Carrieri changed role as Executive Vice President of Engineering & Chief Technology Officer at NAPCO SECURITY TECHNOLOGIES, INC.

“Also, Effective May 2, 2024, Michael Carrieri has been promoted to Executive Vice President of Engineering & Chief Technology Officer.”

Kevin Buchel changed role as President & Chief Operating Officer at NAPCO SECURITY TECHNOLOGIES, INC.

“Effective May 2, 2024, Kevin Buchel has been promoted to President & Chief Operating Officer while maintaining his position as Chief Financial Officer.”

NAPCO SECURITY TECHNOLOGIES, INC entered into Underwriting Agreement with Needham & Company, LLC and Cowen and Company, LLC (effective 2024-03-05).

“On March 5, 2024, NAPCO Security Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and Cowen and Company, LLC (the “Underwriters”) and the Company’s President, Chief Executive Officer and Chairman of the Board of Directors, Richard L. Soloway (the “Selling Stockholder”), relating to the sale by the Selling Stockholder of an aggregate of 2,000,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) owned by the Selling Stockholder in an underwritten secondary public offering, at a price to the public of $40.75 per share.”

NAPCO SECURITY TECHNOLOGIES, INC amended Fourth Amended and Restated Credit Agreement with HSBC Bank USA National Association valued at $20,000,000 (effective 2024-02-09).

“On February 9, 2024 the Registrant and its primary bank, HSBC Bank USA National Association (“HSBC”), agreed to amend and restate the existing Third Amended and Restated Credit Agreement (“Agreement”) dated June 29, 2012, as amended, between the Registrant and HSBC with the Fourth Amended and Restated Credit Agreement (“Amended Agreement”).”

NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended December 31, 2023 results: revenue $47.5 million, net income $12.6 million, EPS $0.34.

“● Net sales for the quarter increased 12% to $47.5 million ( the highest quarterly sales in the Company’s history ) as compared to $42.3 million for the same period last year. Net sales for the six months ended December 31, 2023 increased 9% to a six month record $89.2 million as compared to $81.8 million last year. ● Recurring service revenue ("RSR") for the quarter increased 25% to $18.5 million as compared to $14.9 million for the same period last year. Recurring service revenue for the six months ended December 31, 2023 increased 25% to $35.8 million as compared to $28.7 million last year. Recurring service revenue had a prospective annual run rate of approximately $76.5 million based on January 2024 recurring revenues. ● Gross margin for recurring service revenue remained robust at 90% for the quarter and six months as compared to 89% and 88%, respectively, for the same periods last year. ● Gross margin for equipment revenues was 29% for the second quarter compared to 4% in last”

NAPCO SECURITY TECHNOLOGIES, INC shareholders approved Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accountants for fiscal 2024 at the 2023-12-13 meeting.

“Proposal 2: Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accountants for fiscal 2024. For Against Abstain 32,804,054 ​ 375,849 ​ 14,397”

NAPCO SECURITY TECHNOLOGIES, INC reported the 3 months ended September 30, 2023 results: revenue $41.7 million, net income $10.5 million, EPS $0.28.

“of that section. --- EX-99.1 (EX-99.1) --- NAPCO Reports Record Revenues, Net Income and Adjusted EBITDA for Q1 of Fiscal 2024 -Net Sales for the Quarter Increase 6% to $41.7 Million- -Net Income for the Quarter Increases 239% to $10.5 Million- -Adjusted EBITDA for the Quarter Increases 174% to $12.9 Million- -1st Quarter Recurring Service Revenues Increase”

NAPCO SECURITY TECHNOLOGIES, INC dismissed Baker Tilly US, LLP as its auditor.

“the Committee dismissed Baker Tilly as the Company's independent registered public accounting firm as of the Effective Date”

NAPCO SECURITY TECHNOLOGIES, INC engaged Deloitte & Touche LLP as its auditor.

“on November 2, 2023, the Committee approved the appointment of Deloitte & Touche LLP ("Deloitte") as the Company's, independent registered public accounting firm for the fiscal year ending June 30, 2024”

NAPCO SECURITY TECHNOLOGIES, INC dismissed Baker Tilly US, LLP as its auditor.

“the Audit Committee determined to dismiss its current independent registered public accounting firm, Baker Tilly US, LLP ("Baker Tilly"), effective on the Company’s filing of its Form 10-Q for the quarter ending September 30, 2023”

NAPCO SECURITY TECHNOLOGIES, INC reported financial results for fourth quarter and fiscal year ended June 30, 2023.

“On August 29, 2023, the registrant issued a press release to report results for the fiscal year ended June 30, 2023.”

NAPCO SECURITY TECHNOLOGIES, INC reported third quarter ended March 31, 2023 results: net income $9.5M.

“Third quarter ended March 31, 2023 $10.8M $9.5M $1.3M”

NAPCO SECURITY TECHNOLOGIES, INC reported second quarter ended December 31, 2022 results: net income $3.7M.

“Second quarter ended December 31, 2022 $8.4M $3.7M $4.7M”

NAPCO SECURITY TECHNOLOGIES, INC reported first quarter ended September 30, 2022 results: net income $2.9M.

“First quarter ended September 30, 2022 $6.4M $2.9M $3.5M”

NAPCO SECURITY TECHNOLOGIES, INC: Amendment and restatement of Article VI of the Second Amended and Restated Bylaws (effective 2023-08-18).

“On August 18, 2023, the Company’s Board of Directors approved an amendment and re-statement to article VI of the Company’s Second Amended and Restated Bylaws.”

NAPCO SECURITY TECHNOLOGIES, INC reported that prior financial statements should not be relied upon.

“the Company’s previously issued unaudited interim financial statements for fiscal quarters ended September 30, 2022, December 31, 2022 and March 31, 2023, respectively, included in the Company’s quarterly report on Form 10-Q for such respective quarters should no longer be relied upon.”

NAPCO SECURITY TECHNOLOGIES, INC reported fiscal quarter ended March 31, 2023 results: revenue $43.5 million, net income $10.8 million, EPS $0.29.

“● Net sales for the quarter increased 21% to a Q3 record of $43.5 million as compared to $35.9 million for the same period last year. ● Recurring service revenue ("RSR") for the quarter increased 26% to $15.1 million as compared to $12.0 million for the same period last year. Recurring service revenue had a prospective annual run rate of approximately $63 million based on April 2023 recurring revenues. ● Gross margin for recurring service revenue for the quarter was 90% as compared to 87% for the same period last year. ● Net income for the quarter was a record $10.8 million as compared to $3.3 million for the same period a year ago, a 231% increase. ● Earnings per share (diluted) for the quarter was $0.29 as compared to $0.09 for the same period a year ago, a 222% increase.”

NAPCO SECURITY TECHNOLOGIES, INC entered into Underwriting Agreement with Needham & Company, LLC and William Blair & Company, L.L.C., Richard L. Soloway, Kevin S. Buchel (effective 2023-02-08).

“On February 8, 2023, NAPCO Security Technologies, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and William Blair & Company, L.L.C. (the “Underwriters”), the Company’s President, Chief Executive Officer and Chairman of the Board of Directors, Richard L. Soloway, and the Company’s Chief Financial Officer and Executive Vice President of Operations, Kevin S. Buchel (each, a “Selling Stockholder” and together, the “Selling Stockholders”), relating to the sale by the Selling Stockholders of an aggregate of 2,100,000 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) owned by them in an underwritten secondary public offering, at a price to the public of $31.50 per share.”

NAPCO SECURITY TECHNOLOGIES, INC reported second quarter of fiscal 2023 results: revenue $42.3 million, net income $8.4 million, EPS $0.23.

“subject to the liabilities of that section. --- EX-99.1 (EX-99.1) --- NAPCO Announces Second Quarter Fiscal 2023 Results -2nd Quarter Net Sales Increase 27% to a Q2 Record $42.3 Million- -2nd Quarter Recurring Service Revenues Increase 35% to $14.9 Million With Gross Margins of 89%- -Quarterly Record Net Income of $8.4M and Adjusted EBITDA* of $10.3 Million -”

David Paterson was appointed as Director at NAPCO SECURITY TECHNOLOGIES, INC.

“appointed David Paterson to the Company’s Board of Directors to serve for a term ending at the Annual Meeting of Stockholders following the Company’s fiscal year ending June 30, 2025.”

NAPCO SECURITY TECHNOLOGIES, INC shareholders approved Approval of the Advisory Resolution approving the compensation of Executive Officers.

“Proposal 4: Approval of the Advisory Resolution approving the compensation of Executive Officers. For Against Abstain 25,763,007 ​ 4,542,100 ​ 23,404”

NAPCO SECURITY TECHNOLOGIES, INC shareholders approved Ratification of the selection of Baker Tilly US, LLP as the Company's independent registered public accountants for fiscal 2023.

“Proposal 3: Ratification of the selection of Baker Tilly US, LLP as the Company’s independent registered public accountants for fiscal 2023. For Against Abstain 32,369,108 ​ 190,715 ​ 243,455”

NAPCO SECURITY TECHNOLOGIES, INC shareholders approved Approval of the Company's 2022 Employee Stock Option Plan.

“Proposal 2: Approval of the Company’s 2022 Employee Stock Option Plan. For Against Abstain 21,361,290 ​ 8,933,787 ​ 33,434”

NAPCO SECURITY TECHNOLOGIES, INC shareholders approved Election of directors.

“Proposal 1: Election of directors. The following individuals were elected to the Company’s Board of Directors to hold office until the Annual Meeting after the 2025 fiscal year. ​ For Withheld Richard Soloway ​ 25,601,208 ​ 4,727,303 Kevin S. Buchel ​ 26,414,505 ​ 3,914,006 ​ Proposal 2: Approval of the Company’s 2022 Employee Stock Option Plan. For Against Abstain 21,361,290 ​ 8,933,787 ​ 33,434 ​ Proposal 3: Ratification of the selection of Baker Tilly US, LLP as the Company’s independent registered public accountants for fiscal 2023. For Against Abstain 32,369,108 ​ 190,715 ​ 243,455 ​ Proposal 4: Approval of the Advisory Resolution approving the compensation of Executive Officers. For Against Abstain 25,763,007 ​ 4,542,100 ​ 23,404”

NAPCO SECURITY TECHNOLOGIES, INC reported first quarter of fiscal 2023 results: revenue $39.5 million, net income $6.4 million, EPS $0.17.

“Net sales for the quarter increased 27% to a Q1 record of $39.5 million as compared to $31.1 million for the same period last year.”