Source-grounded facts extracted from NORTECH SYSTEMS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
NORTECH SYSTEMS INC shareholders approved Approval of the 2026 Equity Incentive Plan at the 2026-05-13 meeting.
“The shareholders approved the 2026 Equity Incentive Plan. There were 1,518,964 votes cast for the proposal; 79,081 votes cast against the proposal; 2,237 votes abstained; and there were 401,530 broker non-votes.”
NORTECH SYSTEMS INC shareholders approved Ratification of the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-13 meeting.
“The shareholders ratified the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026. There were 1,993,417 votes cast for the proposal; 8,375 votes cast against the proposal; 20 votes abstained; and there were no broker non-votes.”
NORTECH SYSTEMS INC shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2026-05-13 meeting.
“The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement. There were 1,583,707 votes cast for the proposal; 8,877 votes cast against the proposal; 7,698 votes abstained; and there were 401,530 broker non-votes.”
NORTECH SYSTEMS INC shareholders approved Election of six directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified. at the 2026-05-13 meeting.
“The shareholders elected six directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified. The shareholders cast the following votes with respect to the election of directors: Nominee Votes For Votes Withheld Broker Non-Vote David B. Kunin 1,596,564 3,718 401,530 Ryan P. McManus 1,597,533 2,749 401,530 Jay D. Miller 1,597,543 2,739 401,530 Stacy A. Kruse 1,598,387 1,895 401,530 Amy S. Fredregill 1,590,326 9,956 401,530 Jose A. Peris 1,597,159 3,123 401,530”
NORTECH SYSTEMS INC reported the first quarter ended March 31, 2026 results: revenue $30.3 million in Q1 2026 vs. $26.9 million in Q1 2025, net income Net loss of $(34) thousand, or $(0.01) per basic share in Q1 2026 vs. $(1,316) thousand, or $(0.48) per basic share in Q, EPS $(0.01) per basic share in Q1 2026 vs. $(0.48) per basic share in Q1 2025.
“Net loss of $(34) thousand, or $(0.01) per basic share in Q1 2026 vs. $(1,316) thousand, or $(0.48) per basic share in Q1 2025”
NORTECH SYSTEMS INC reported the fourth quarter ended December 31, 2025 results: revenue $30.3 million, net income $897 thousand, EPS $0.32 per basic share.
“Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech” or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, industrial, and aerospace & defense markets, reported financial results for the fourth quarter ended December 31, 2025. 2025 Q4 Highlights: ● Net sales of $30.3 million in Q4 2025 vs. $28.6 million in Q4 2024 ● Net income of $897 thousand, or $0.32 per basic share in Q4 2025 vs. $(1,478) thousand, or $(0.54) per basic share in Q4 2024”
NORTECH SYSTEMS INC entered into Associated Facility with Associated Bank, National Association valued at $15,000,000 (effective 2026-03-20).
“On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000”
NORTECH SYSTEMS INC amended Waiver and Amendment No. 4 with Bank of America, N.A. (effective 2026-02-27).
“On February 27, 2026, Nortech Systems Incorporated (the “Company”) entered into a Waiver and Amendment No. 4 to its Credit Agreement with Bank of America, N.A., dated February 27, 2026 (“Waiver and Amendment”).”
Dan Sachs departed as member of the Board of Directors at NORTECH SYSTEMS INC.
“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.”
NORTECH SYSTEMS INC shareholders approved Ratification of Baker Tilly US, LLP as independent auditor at the 2024-05-15 meeting.
“The shareholders ratified the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024.”
NORTECH SYSTEMS INC shareholders approved Amendment to 2017 Stock Incentive Plan increasing shares reserved from 675,000 to 775,000 at the 2024-05-15 meeting.
“The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 675,000 to 775,000.”
NORTECH SYSTEMS INC shareholders approved Advisory approval of executive compensation at the 2024-05-15 meeting.
“The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement.”
NORTECH SYSTEMS INC shareholders approved Election of eight directors to serve one-year terms at the 2024-05-15 meeting.
“Kunin 1,584,943 22,055 533,798 Ryan P. McManus 1,499,161 107,837 533,798 Jay D. Miller 1,479,013 127,985 533,798 Amy S.”
NORTECH SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $34.2 million, net income $765 thousand, or $0.26 per diluted share, EPS $0.26 per diluted share.
“electromechanical products serving the medical, industrial and defense markets, reported first quarter ended March 31, 2024 financial results. 2024 Q1 Highlights: ● Net sales of $34.2 million, down 1.9% from Q1 2023. ● Net income increased to $765 thousand, or $0.26 per diluted share, compared with net income of $681 thousand or $0.23 per diluted share, in Q1 2023. ●”
NORTECH SYSTEMS INC announced a restructuring with charges of approximately $1.0 million to $1.1 million affecting Blue Earth, Minnesota manufacturing plant.
“On May 16, 2024, the Registrant issued a press release, attached hereto as Exhibit 99.1, announcing that the Registrant will close its manufacturing plant located in Blue Earth, Minnesota and relocate the production of products made in that facility to its facility in Bemidji, Minnesota. The registrant further announced that it expects this closure to result in out-of-pocket expenses for employee severance and other plant closure expenses of approximately $1.0 million to $1.1 million, including asset write-offs of about $0.4 million.”
NORTECH SYSTEMS INC reported fourth quarter ended December 31, 2023 results: revenue $36,054, net income $4,352.
“our customers’ changing needs is a key competitive advantage.” 2023 Fourth Quarter and Full Year Results ($ in thousands) Q4 23 Q4 22 % Full Year 2023 Full Year 2022 % Net sales $36,054 $35,618 1.2 % $139,332 $134,123 3.9% Gross Profit $6,827 $5,104 33.8 % $23,104 $20,480 12.8% Operating Expenses $4,151 $4,255 2.4% $17,151 $16,592 (3.4%) Net Income $4,352 $(381)”
NORTECH SYSTEMS INC reported year ended December 31, 2023 results: revenue $139.3 million, net income $6.9 million, or $2.38 per diluted share, EPS $2.38 per diluted share.
“serving the medical, industrial and defense markets, reported 2023 fourth quarter and full year results for the period ended December 31, 2023. 2023 Highlights: ● Net sales of $139.3 million, up 3.9% from the prior year. ● Net income of $6.9 million, or $2.38 per diluted share, compared with net income of $2.0 million, or $0.70 per diluted share, in 2022. Fourth”
NORTECH SYSTEMS INC entered into Revolver with Bank of America, N.A. valued at $15 million (effective 2024-02-29).
“On February 29, 2024, we replaced our asset backed line of credit agreement with $15 million Senior Secured Revolving Line of Credit with Bank of America, N.A. (the “Revolver”).”
Steven Rosenstone departed as Director at NORTECH SYSTEMS INC.
“On December 22, 2023, Steven Rosenstone, a member of the Board of Directors (the “Board”) of Nortech Systems, Incorporated (the “Company”), notified the Board that he would not stand for re-election as a member of the Board for the 2024-2025 period.”
Alan Nordstrom departed as Chief Financial Officer at NORTECH SYSTEMS INC.
“Mr. LaFrence assumed the duties of chief financial officer and principal accounting officer from Alan Nordstrom.”
Andrew D.C. LaFrence was appointed as Chief Financial Officer and Senior Vice President of Finance at NORTECH SYSTEMS INC.
“On December 1, 2023, the Company entered into an Employment Agreement with Andrew D. C. LaFrence (the “LaFrence Agreement”) as the Company’s Chief Financial Officer and Senior Vice President of Finance effective December 1, 2023.”
NORTECH SYSTEMS INC reported third quarter ended September 30, 2023 results: revenue $33,369, net income $1,207, EPS $0.42 per diluted share.
“across our medical, industrial and defense markets.” 2023 Third Quarter Results In $000, except EBITDA Q3 23 Q3 22 % Favorable YTD 2023 YTD 2022 % Favorable Revenue $33,369 $35,276 (5.4) % $103,278 $98,505 4.8% Gross Profit $5,319 $6,328 (16.0) % $16,277 $15,376 5.9% Operating Expenses $4,195 $4,383 4.3% $13,000 $12,237 (6.2) % Net Income $1,207”
Jose Peris was appointed as Director at NORTECH SYSTEMS INC.
“On October 27, 2023, Amy Fredregill and Jose Peris were appointed to the Board of Directors (the "Board") of Nortech Systems Incorporated (the "Company").”
Amy Fredregill was appointed as Director at NORTECH SYSTEMS INC.
“On October 27, 2023, Amy Fredregill and Jose Peris were appointed to the Board of Directors (the "Board") of Nortech Systems Incorporated (the "Company").”
NORTECH SYSTEMS INC reported the second quarter ended June 30, 2023 results: revenue $35.0 million, net income $0.6 million, EPS $0.22 per diluted share.
“serving the medical, industrial and defense markets, reported 2023 second quarter results for the period ended June 30, 2023. 2023 Second Quarter Highlights: ● Revenue of $35.0 million, up 7.7% from the prior-year period. First half revenue $69.9 million up 10.6% from prior-year period. ● Generally Accepted Accounting Principles (GAAP) net income of $0.6”
David Graff departed as member of the Board of Directors at NORTECH SYSTEMS INC.
“David Graff, a member of the Board of Directors of Nortech Systems, Incorporated (the “Company”), passed away on May 28, 2023.”
Alan Nordstrom was named as Interim Chief Financial Officer at NORTECH SYSTEMS INC.
“The Company's Corporate Controller, Alan Nordstrom, will assume the duties of Interim CFO while the company conducts a process to identify Mr. Jones' successor.”
Christopher D. Jones resigned as Chief Financial Officer and Vice President at NORTECH SYSTEMS INC.
“On May 24, 2023, Christopher D. Jones tendered his resignation as Chief Financial Officer and Vice President of the Company, effective June 8, 2023.”
NORTECH SYSTEMS INC shareholders approved Ratification of Baker Tilly US, LLP as independent registered public accounting firm for FY2023 at the 2023-05-10 meeting.
“(4) The shareholders ratified the appointment of Baker Tilly US, LLP (FKA: Baker Tilly Virchow Krause, LLP) as the Company’s independent registered public accounting firm for the year ending December 31, 2023.”
NORTECH SYSTEMS INC shareholders approved Amendment to 2017 Stock Incentive Plan increasing reserved shares from 575,000 to 675,000 at the 2023-05-10 meeting.
“(3) The shareholders approved an amendment to the 2017 Stock Incentive Plan increasing the shares of Common Stock reserved for issuance from 575,000 to 675,000.”
NORTECH SYSTEMS INC shareholders approved Advisory approval of named executive officer compensation at the 2023-05-10 meeting.
“(2) The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as described in the Company’s proxy statement.”
NORTECH SYSTEMS INC shareholders approved Election of eight directors at the 2023-05-10 meeting.
“(1) The shareholders elected eight directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified.”
NORTECH SYSTEMS INC reported the first quarter ended March 31, 2023 results: revenue Revenue of $34.9 million, net income GAAP net income of $0.7 million, or $0.23 per diluted share, EPS $0.23 per diluted share.
“Nortech Systems Reports First Quarter 2023 Results Revenue Up 13.6% from Prior Year; Gross Margin Expansion of 2.5 Percentage Points from the First Quarter 2022 MINNEAPOLIS – May 10, 2023 -- Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported 2023 first quarter results for the period ended March 31, 2023. 2023 First Quarter Highlights: ● Revenue of $34.9 million, up 13.6% from the first quarter of 2022. ● GAAP net income of $0.7 million, or $0.23 per diluted share, compared to GAAP net income of $0.1 million, or $0.05 per diluted share, in the first quarter of 2022.”
NORTECH SYSTEMS INC reported financial results for the fiscal year ended December 31, 2022.
“The Registrant issued a news release on March 16, 2023, entitled "Nortech Systems Announces 2022 Fourth Quarter and Full Year Results" regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.”
Philip Smith departed as member of the Board of Directors at NORTECH SYSTEMS INC.
“On March 6, 2023, Philip Smith, a member of the Board of Directors (the “Board”) of Nortech Systems, Incorporated (the “Company”), notified the Board that he would not stand for re-election as a member of the Board for the 2023-2024 period.”
NORTECH SYSTEMS INC reported third quarter ended September 30, 2022 results: revenue $35.3 million, net income $1.5 million, EPS $0.53 per diluted share.
“serving the medical, industrial and defense markets, reported 2022 third quarter results for the period ended September 30, 2022. 2022 Third Quarter Highlights ● Revenue of $35.3 million, up 19.8% compared to the third quarter of 2021. ● Gross margin of 17.9%, up 6.5 percentage points compared to adjusted gross margin of 11.4% in the third quarter of 2021. ●”
David J. Graff was appointed as Director at NORTECH SYSTEMS INC.
“On March 11, 2022, David J. Graff was appointed to the Board of Directors (the 'Board') of Nortech Systems Incorporated (the 'Company').”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.