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AI brief of an SEC Form 8-K · BEL FUSE INC /NJ (BELFA)

Bel Fuse Raises CEO and CFO Pay in Amendments to Employment Agreements

Neutral Impact 3 of 5 leadership Written later

Bel Fuse amended the employment agreements of CEO Farouq Tuweiq and CFO Lynn Hutkin, effective June 1, 2026, with the amendments signed July 2, 2026. The filing shows higher base salaries, variable pay and long-term awards for both executives, with a larger share of variable pay paid in restricted stock units.

Key points

  • Tuweiq base salary rises from $600,000 to $725,000; target annual variable compensation rises from $1,600,000 to $2,100,000, with 60% in RSUs instead of 50%.
  • Tuweiq annual Long-Term Performance Award rises from $1,200,000 to $1,875,000.
  • Hutkin base salary rises from $300,000 to $400,000; variable compensation rises from 125% to 150% of base salary, with 45% in RSUs instead of 40%.
  • Hutkin annual Long-Term Performance Award rises from 75% to 100% of base salary. The compensation committee approved the changes on July 1, 2026.

The filing

CompanyBEL FUSE INC /NJ (BELFA)
Form8-K, current report
Filed with the SECJul 2, 2026, 4:37 PM ET
Accession number0001437749-26-022539

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.