Highest-materiality recent filing
Nortech shareholders elect directors, approve equity plan at annual meeting
Six directors elected with 1.59M+ votes each; broker non-votes ~401K on all director nominees.
Nortech Systems Q1 net loss narrows to $34k; revenue up 12.7% to $30.3M
Net sales $30.3M, up 12.7% YoY; net loss $34k vs $1.3M loss in Q1 2025.
Nortech Systems Q4 net income $897k vs loss $1.48M YoY; sales up 5.9%
Net sales $30.3M in Q4 2025, up 5.9% from $28.6M in Q4 2024.
Nortech Systems enters $15M revolver, $2.2M term loan with Associated Bank, maturing 2029
Revolver up to $15M subject to borrowing base (AR, inventory, fixed assets); term loan $2.2M.
Nortech Systems obtains waiver for Q4 2025 covenant breaches; revises credit facility terms
Bank of America waived defaults on leverage, fixed charge, and EBITDA covenants for Q4 2025.
Nortech Systems appoints Andrew Walko as SVP Global Operations, replacing retiring John Lindeen
Walko becomes SVP Global Operations effective Jan. 19, 2026, succeeding John Lindeen who retires in Q1 2026.
Nortech Systems Q3 net loss narrows to $146K; adjusted EBITDA turns positive at $1.3M
Net sales $30.5M, down 2.9% YoY from $31.4M; net loss per basic share $(0.05) vs. $(0.27).
Director Debarati Sen will not stand for re-election; term ends May 2026
Debarati Sen notified Nortech Systems she will not seek re-election for the 2026-2027 board term.
Nortech SVP Global Operations John Lindeen to retire; search underway for replacement
John Lindeen, SVP Global Operations, notified retirement on Aug 18, 2025.
Nortech Systems Q2 net income up 99% to $313K; sales down 9.5% to $30.7M
Net sales $30.7M, down 9.5% YoY; net income $313K ($0.12 EPS) vs $157K in Q2 2024.
Nortech Systems extends $15M BofA credit line to August 2026
Extended $15M senior secured revolving credit facility maturity to August 31, 2026.
Nortech Systems agrees to sell Blue Earth, MN facility for $0.5M
Sale price $0.5M; buyer Clark Equities LLC; expected close by July 16, 2025.
Nortech Systems Q1 net loss of $1.3M; revenue down 21% to $26.9M
Net sales $26.9M, down 21.4% YoY from $34.2M; net loss of $1.3M ($0.48 diluted loss).
Nortech Systems Q4 net sales $28.6M, net loss $1.5M; defense delay cited
Net sales $28.6M (-20.6% YoY); net loss $1.5M vs $4.4M profit in Q4 2023.
Director Dan Sachs not standing for re-election; board reduced to 7
Dan Sachs will not stand for re-election at the May 14, 2025 annual meeting.
Nortech Systems extends Milaca facility lease to June 2030 with 5-year renewal option
Lease amended to extend term through June 30, 2030; one 5-year renewal option available.
Nortech Systems Q3 net loss of $739K; sales down 5.9% YoY to $31.4M
Net sales of $31.4M, down 5.9% from $33.4M in Q3 2023; net loss of ($739K) vs net income of $1.2M.
Nortech Systems Q2 net sales $33.9M, net income down 75% YoY to $157K
Net sales $33.9M in Q2 2024, down 3.2% YoY from $35.0M.
All eight director nominees elected: David Kunin 1,584,943 for; Ryan McManus 1,499,161 for; others similarly approved.
Q1 net sales $34.2M (down 1.9% YoY); net income $765K ($0.26 EPS) vs $681K ($0.23).
Dan Sachs, a member of the Board of Directors will not stand for re-election as a member of the Board of Directors for the 2025-2026 period.
Max materiality 0.75 · Median 0.65 · Most common event earnings