BEL FUSE INC /NJ (BELFA) Form 8-K — Jul 2, 2026
Bel Fuse Inc. approved amendments to the employment agreements of its President and CEO Farouq Tuweiq and CFO Lynn Hutkin, effective retroactively from June 1, 2026. The CEO's compensation package was significantly enhanced, raising his base salary to $725,000, his target annual variable compensation to $2,100,000, and his annual Long-Term Performance Award to $1,875,000.
Key figures
- Ceo Lti New
- 1875000
- Ceo Lti Old
- 1200000
- Ceo Base Salary New
- 725000
- Ceo Base Salary Old
- 600000
- Cfo Base Salary New
- 400000
- Cfo Base Salary Old
- 300000
- Cfo Lti Percent New
- 100%
- Cfo Lti Percent Old
- 75%
- Ceo Variable Comp New
- 2100000
- Ceo Variable Comp Old
- 1600000
- Cfo Variable Comp Percent New
- 150%
- Cfo Variable Comp Percent Old
- 125%
- Effective Date
- 2026-06-01
- Ceo Rsu Allocation
- 60%
- Cfo Rsu Allocation
- 45%
Price after filing
1 day: 0.0%7 days: -1.6%30 days: -8.9%
Close on the filing date to close N calendar days later (from $230.16). Historical, not a forecast.
AI analysis
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