secwatch / observer

SOLITRON DEVICES INC — fact timeline

Source-grounded facts extracted from SOLITRON DEVICES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SODI SOLITRON DEVICES INC JSON
Earnings Releases

SOLITRON DEVICES INC reported the fiscal 2026 fourth quarter results: revenue approximately $5.3 million.

“to announce preliminary results for the fiscal 2026 fourth quarter. PRELIMINARY FISCAL 2026 FOURTH QUARTER HIGHLIGHTS – Net sales increased approximately 70% to approximately $5.3 million in the fiscal 2026 fourth quarter versus $3.1 million in the fiscal 2025 fourth quarter. Net bookings decreased 43% to $5.1 million in the fiscal 2026 fourth quarter versus $8.9”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Non-binding advisory vote on compensation of named executive officers (Say on Pay) at the 2024-01-25 meeting.

“Proposal 3 . The Company’s stockholders voted to approve a non-binding advisory vote on the compensation of the named executive officers of the Company (“Say on Pay”). Votes For Votes Against Abstentions Broker Non-Votes 1,201,972 24,386 14,907 439,244”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Ratification of Whitley Penn LLP as independent registered public accountants for fiscal year ending February 29, 2024 at the 2024-01-25 meeting.

“Proposal 2 . The Company’s stockholders voted to ratify the appointment of Whitley Penn LLP as the Company’s independent registered public accountants for the fiscal year ending February 29, 2024. Votes For Votes Against Abstentions 1,674,196 3,324 2,989”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Election of two Class I directors at the 2024-01-25 meeting.

“Proposal 1 . The Company’s stockholders voted to elect Mr. John F. Chiste and Mr. Dwight P. “Ike” Aubrey as the Company’s Class I directors. The Class I directors will serve for a term until the 2026 Annual Meeting of Stockholders: Nominee Votes For Votes Against Abstentions Broker Non-Votes John F. Chiste 1,152,121 7,213 81,931 439,244 Dwight P. Aubrey 1,151,771 7,263 82,231 439,244”
Earnings Releases

SOLITRON DEVICES INC reported fiscal 2024 third quarter results: revenue $4.14 million, net income $0.09 million, EPS $0.04 per share.

“or the “Company”) is pleased to announce fiscal 2024 third quarter results. PRELIMINARY FISCAL 2024 THIRD QUARTER HIGHLIGHTS ➢ Net sales increased 608% to approximately $4.14 million in the fiscal 2024 third quarter versus $0.58 million in the fiscal 2023 third quarter. ➢ Net bookings increased 115% to $4.84 million in the fiscal 2024 third quarter versus”
Earnings Releases

SOLITRON DEVICES INC reported second quarter of fiscal 2024 results: revenue approximately $2.6 million.

“Preliminary net sales figures for the second quarter of fiscal 2024 are approximately $2.6 million.”
M&A Transactions

SOLITRON DEVICES INC completed an acquisition involving Micro Engineering, Inc. and the shareholders of Micro for $3,000,000.00, subject to adjustment, in addition to the potential earn-out payments (closed 2023-09-01).

“of Micro (collectively, the “Micro Shareholders”), pursuant to which the Company agreed to purchase all the outstanding capital stock of Micro for a purchase price of $3,000,000.00, subject to adjustment, in addition to the potential earn-out payments, as described in more detail in the paragraph that follows (the “Acquisition”). The Company closed the”
Auditor Changes

SOLITRON DEVICES INC engaged Whitley Penn LLP as its auditor.

“On September 1, 2023, following approval by the Company’s Board of Directors and Audit Committee, the Company appointed Whitley Penn LLP (“Whitley Penn”) as the new independent registered public accounting firm of the Company.”
Auditor Changes

SOLITRON DEVICES INC dismissed MaloneBailey, LLP as its auditor.

“On August 30, 2023, the Board of Directors and Audit Committee of Solitron Devices, Inc. (the “Company”), approved the dismissal of MaloneBailey, LLP (“MaloneBailey”), as the independent registered public accounting firm of the Company, effective immediately.”
Material Agreements

SOLITRON DEVICES INC entered into Lease Agreement with not explicit (effective 2023-08-31).

“the Company also entered into a Lease Agreement pursuant to which it agreed to lease the facility occupied by Micro, consisting of approximately 10,926 square feet of useable office and production space in Orange County, Florida for $10,650 per month”
Material Agreements

SOLITRON DEVICES INC entered into Stock Purchase Agreement with Micro Engineering, Inc. and the shareholders of Micro valued at $3,000,000.00 (effective 2023-08-31).

“Effective as of August 31, 2023, Solitron Devices, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) by and among the Company, Micro Engineering, Inc., a Florida corporation (“Micro”) and the shareholders of Micro (collectively, the “Micro Shareholders”), pursuant to which the Company agreed to purchase all the outstanding capital stock of Micro for a purchase price of $3,000,000.00, subject to adjustment, in addition to the potential earn-out payments”
Auditor Changes

SOLITRON DEVICES INC engaged Whitley Penn LLP as its auditor.

“On August 30, 2023, following approval by the Company's Board of Directors and Audit Committee, the Company appointed Whitley Penn LLP ("Whitley Penn") as the new independent registered public accounting firm of the Company.”
Auditor Changes

SOLITRON DEVICES INC dismissed MaloneBailey, LLP as its auditor.

“On August 30, 2023, the Board of Directors and Audit Committee of Solitron Devices, Inc. (the "Company"), approved the dismissal of MaloneBailey, LLP ("MaloneBailey"), as the independent registered public accounting firm of the Company, effective immediately.”
Earnings Releases

SOLITRON DEVICES INC reported fiscal 2024 first quarter (ended May 31, 2023) results: net income approximately $0.2 million of combined realized and unrealized losses.

“Preliminary net sales figures for the first quarter of fiscal 2024 are $2.0 million.”
Earnings Releases

SOLITRON DEVICES INC reported preliminary financial results for fiscal 2023 fourth quarter ended February 28, 2023.

“preliminary unaudited fiscal 2023 results, preliminary fiscal 2024 first quarter results and the signing of a term sheet for a potential acquisition.”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Approval of non-binding advisory vote on the compensation of the named executive officer (Say on Pay) at the 2023-01-13 meeting.

“The Company’s stockholders voted to approve a non-binding advisory vote on the compensation of the named executive officer of the Company (“Say on Pay”). Votes For Votes Against Abstentions Broker Non-Votes 1,080,601 29,672 217 471,284”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Ratification of the appointment of MaloneBailey LLP as the independent registered public accountants for the fiscal year ending February 28, 2023 at the 2023-01-13 meeting.

“The Company’s stockholders voted to ratify the appointment of MaloneBailey LLP as the Company’s independent registered public accountants for the fiscal year ending February 28, 2023. Votes For Votes Against Abstentions 1,561,503 17,852 2,419”
Shareholder Votes

SOLITRON DEVICES INC shareholders approved Election of Charles M. Gillman as a Class III director at the 2023-01-13 meeting.

“The Company’s stockholders voted to elect Mr. Charles M. Gillman as the Company’s director. The Class III director will serve for a term until the 2025 Annual Meeting of Stockholders: Votes For Votes Withheld Abstentions Broker Non-Votes 980,446 110,943 19,101 471,284”
Earnings Releases

SOLITRON DEVICES INC reported third quarter of fiscal year 2023 results: revenue approximately $0.58 million, net income a loss of ($0.49) million, or ($0.24) per share, EPS ($0.24) per share.

“announce preliminary fiscal 2023 third quarter results. FISCAL 2023 THIRD QUARTER HIGHLIGHTS ➢ Due to the planned facility relocation, net sales decreased 76% to approximately $0.58 million in the fiscal 2023 third quarter versus $2.47 million in the fiscal 2022 third quarter. ➢ Net bookings increased 68% to $2.26 million in the fiscal 2023 third quarter versus”

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.