Every material Form 8-K Napco Security Technologies has filed with the SEC since February 05, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Napco Security Technologies reported a 1.7% increase in net revenue to $50.0 million for the fiscal first quarter ended September 30, 2026, driven by growth in recurring service revenue. Net income rose 6.9% to a record $13.0 million, and the board declared a cash dividend of $0.17 per share payable on January 4, 2027.
Net revenue increased 1.7% year-over-year to a first-quarter record of $50.0 million for the three months ended September 30, 2026.
Recurring service revenue grew 11.5% to a record $26.1 million, with an annual run rate of approximately $106 million.
Diluted net income per share increased 5.9% to $0.36 compared to $0.34 in the prior fiscal year quarter.
A cash dividend of $0.17 per share was declared, payable on January 4, 2027, to stockholders of record on December 14, 2026.
NAPCO Security Technologies reported fiscal fourth-quarter and full-year 2026 results for the period ended June 30, 2026. Fourth-quarter revenue and net income reached records, while full-year net income slipped 0.9% after a $16 million litigation settlement charge in the third quarter. The board also declared a quarterly dividend of $0.17 per share, an increase of 13.3%.
Q4 net income rose 52.7% to a record $17.8 million; diluted EPS was $0.50, including about $0.09 from net tariff refunds.
Full-year net income fell 0.9% to $43.0 million, while diluted EPS rose 0.8% to $1.20 and non-GAAP diluted EPS was $1.60.
Full-year net revenue rose 11.4% to a record $202.3 million; recurring service revenue rose 13.0% to $97.5 million.
Quarterly dividend increased 13.3% to $0.17 per share, payable October 2, 2026, to holders of record September 11, 2026.
NAPCO Security Technologies announced that Kevin Buchel, currently President and Chief Operating Officer, will become Chief Executive Officer and President, effective July 8, 2026, while founder Richard Soloway steps down as CEO to become Founder and Executive Chairman. The filing sets out new employment agreements for both executives, including base salaries and severance terms, which matter to shareholders as they define the company's leadership structure and pay commitments.
Kevin Buchel becomes CEO and President; his base salary rises to $900,000 with a target bonus of 50% of base salary
Richard Soloway, who founded NAPCO more than 55 years ago, becomes Founder and Executive Chairman with a base salary of $800,000 and a target bonus of 50% of base salary
Both executives' agreements provide severance equal to two times base salary and target bonus, conditioned on a release of claims
The full employment agreements will be filed as an exhibit to the Form 10-K for the year ended June 30, 2026
NAPCO reported fiscal third-quarter 2026 results for the period ended March 31, 2026. Revenue rose 11.8% to $49.2 million, but GAAP net loss was $0.4 million after a $16.0 million litigation settlement charge, while non-GAAP diluted earnings per share rose to $0.39 from $0.28. The Board also declared a quarterly dividend of $0.15 per share, payable July 3, 2026.
Q3 net revenue of $49.2 million, up 11.8% from $44.0 million a year earlier
GAAP net loss of $0.4 million, or $(0.01) per diluted share, versus net income of $10.1 million, or $0.28, in the prior-year quarter
Includes a $16.0 million litigation settlement charge; non-GAAP diluted EPS was $0.39 versus $0.28
Quarterly dividend of $0.15 per share, payable July 3, 2026, to holders of record on June 12, 2026
NAPCO Security Technologies reported fiscal second-quarter results for the three months ended December 31, 2025, with net revenue up 12.2% to $48.2 million and diluted EPS up to $0.38 from $0.28. The company also declared a quarterly dividend of $0.15 per share and appointed Joseph Pipczynski as Chief Revenue Officer, effective January 29, 2026.
Net revenue of $48.2 million, up 12.2% from a year earlier; net income of $13.5 million, up 29.0%
Diluted EPS of $0.38 versus $0.28 a year earlier; gross profit margin of 58.6% versus 57.0%
Quarterly dividend of $0.15 per share, payable April 3, 2026 to holders of record on March 12, 2026
Joseph Pipczynski appointed Chief Revenue Officer effective January 29, 2026, reporting to President and COO Kevin Buchel
NAPCO Security Technologies reported results for the three months ended September 30, 2025, showing net revenue of $49.2 million, up 11.7% from a year earlier, and net income of $12.2 million, up 8.8%. Diluted earnings per share rose to $0.34 from $0.30, and the board declared a quarterly dividend of $0.14 per share payable January 2, 2026.
Net revenue was $49.2 million, up 11.7%; gross profit margin was 56.6% versus 55.9% a year earlier
Diluted EPS was $0.34 versus $0.30; net income was $12.2 million versus $11.2 million
Cash flows from operating activities were $11.6 million, down 3.2% year over year
Board declared a $0.14 per share dividend payable January 2, 2026, to holders of record on December 12, 2025
NAPCO Security Technologies reported fiscal 2025 results for the year ended June 30, 2025. Full-year net sales fell 3.8% to $181.6 million and net income fell 12.9% to $43.4 million, while fourth-quarter net sales rose 0.8% to $50.7 million but net income fell 14.1% to $11.6 million. The board also declared a $0.14 quarterly dividend.
Full-year diluted EPS was $1.19, down from $1.34 (down 11.2%); Q4 diluted EPS was $0.33, down from $0.36.
Full-year equipment sales were $95.3 million, down 16%; Q4 equipment sales were $28.3 million, down 5% year over year but up 27% from Q3.
Recurring service revenue rose 14% to $86.3 million for the year and 10% to $22.4 million in Q4, with a 91% gross margin for both periods.
Dividend of $0.14 per share is payable October 3, 2025, to shareholders of record on September 12, 2025.
NAPCO reported fiscal third-quarter 2025 results for the three months ended March 31, 2025, with net sales down 10.8% year over year and net income down 23.3%. Recurring service revenue rose while equipment sales fell, and the board declared a $0.14 per share dividend, up from $0.125. The company also named Andrew Vuono as Chief Financial Officer, effective May 6, 2025, replacing Kevin Buchel in that role.
Net sales were $44.0 million, down 10.8%; equipment revenue fell 24.8% to $22.4 million while recurring service revenue rose 10.6% to $21.6 million
Net income was $10.1 million, down 23.3%; diluted EPS was $0.28 versus $0.36 a year earlier
Gross profit margin rose to 57.2% from 53.8%, and adjusted EBITDA was $13.2 million versus $15.6 million
Andrew Vuono becomes CFO effective May 6, 2025; Kevin Buchel remains President and Chief Operating Officer; dividend of $0.14 payable July 3, 2025 to holders of record June 12, 2025
NAPCO Security Technologies reported fiscal second-quarter results for the three months ended December 31, 2024, with net sales of $43.0 million, down 9.7% from a year earlier. Net income fell 17.0% to $10.5 million and diluted EPS was $0.28 versus $0.34, while recurring service revenue rose 14.4% to $21.2 million. Management attributed the drop in equipment sales to reduced purchases by two large distributors and to project timing, and the board declared a $0.125 per share dividend.
Net sales $43.0 million, down 9.7%; equipment revenues $21.7 million vs $29.0 million a year earlier
Net income $10.5 million, down 17.0%; diluted EPS $0.28 vs $0.34
Gross profit margin 57.0% vs 52.6%; recurring service revenue up 14.4% to $21.2 million
Quarterly dividend of $0.125 per share, payable April 3, 2025, to holders of record on March 12, 2025
NAPCO Security Technologies reported results for the three months ended September 30, 2024, its first quarter of fiscal 2025. Net sales rose 6% to $44.0 million and net income rose 7% to $11.2 million, or $0.30 per diluted share, while Adjusted EBITDA fell 4% to $12.3 million. The Board also declared a $0.125 per share quarterly dividend and authorized repurchases of up to 1,000,000 additional shares.
Net sales rose 6% to $44.0 million; recurring service revenues rose 22% to $21.1 million
Net income rose 7% to $11.2 million; diluted EPS was $0.30 versus $0.28 a year earlier
Adjusted EBITDA fell 4% to $12.3 million; equipment gross margin was 24% versus 28% a year earlier
Dividend of $0.125 per share payable January 3, 2025, to holders of record December 12, 2024; cash and investments were $102.2 million with no debt
NAPCO Security Technologies reported that director Paul S. Beeber resigned from its board effective September 17, 2024. Beeber chaired the Compensation Committee and served on the Audit Committee, so the filing signals a change in the board's committee leadership, though the filing gives no reason for the departure.
Paul S. Beeber resigned as a director effective September 17, 2024
Beeber was Chair of the Compensation Committee and a member of the Audit Committee
The filing does not state a reason for the resignation or name a successor
Report dated September 18, 2024, signed by Kevin S. Buchel, President, COO and CFO
NAPCO Security Technologies reported record fourth-quarter and fiscal 2024 results for the year ended June 30, 2024, with net sales, net income and Adjusted EBITDA all rising from the prior year. The company also declared a quarterly dividend of $0.125 per share, a 25% sequential increase, payable October 3, 2024 to holders of record on September 12, 2024.
Fourth-quarter net sales rose 13% to $50.3 million; full-year net sales rose 11% to $188.8 million
Full-year net income rose 84% to $49.8 million, or $1.34 per diluted share, versus $0.73 a year earlier
Quarterly dividend raised to $0.125 per share, payable October 3, 2024 to holders of record on September 12, 2024
NAPCO reported fiscal third-quarter 2024 results (quarter ended March 31, 2024) with net sales up 13% to $49.3 million and net income up 38% to $13.2 million, or $0.36 per diluted share. The company also announced management changes, including Kevin Buchel's promotion to President and Chief Operating Officer while he remains Chief Financial Officer, and declared a $0.10 per share quarterly dividend.
Net sales rose 13% to $49.3 million; nine-month net sales rose 10% to $138.5 million
Net income rose 38% to $13.2 million ($0.36 per diluted share) versus $9.5 million a year earlier
Kevin Buchel promoted to President and COO effective May 2, 2024, keeping the CFO role; Andrew Vuono appointed SVP of Finance and Chief Accounting Officer, expected to start June 3
Quarterly dividend of $0.10 per share payable June 24, 2024 to holders of record June 3, 2024
NAPCO's Chairman, President and CEO Richard L. Soloway agreed on March 5, 2024 to sell 2,000,000 shares of NAPCO common stock in an underwritten secondary offering at $40.75 per share. The company will not receive any proceeds and will not issue shares, so the offering does not add capital or dilute existing holders, and the offering is expected to close on or about March 8, 2024.
Selling stockholder Richard L. Soloway is selling 2,000,000 shares at $40.75 per share, with underwriters Needham & Company and Cowen and Company.
Underwriters have a 30-day option to buy up to 300,000 additional shares from Soloway at the public offering price.
NAPCO will receive no proceeds from the sale and will issue no shares in the offering.
The offering is expected to close on or about March 8, 2024, subject to customary closing conditions.
NAPCO Security Technologies and its primary bank, HSBC Bank USA, agreed on February 9, 2024 to amend and restate the existing credit agreement. The amendment extends the agreement's term to February 9, 2029 and raises the available revolving credit line from $11 million to $20 million, which gives the company more borrowing capacity for a longer period.
Agreement term extended from June 28, 2024 to February 9, 2029
Revolving credit line increased from $11 million to $20 million
LIBOR benchmark rate replaced with SOFR benchmark rate
Fourth Amended and Restated Credit Agreement filed as Exhibit 4.11
NAPCO Security Technologies reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with net sales up 12% to $47.5 million and net income up 221% to $12.6 million, or $0.34 per diluted share. The board also declared a quarterly dividend of $0.10 per share, a 25% increase over the prior $0.08 payment, payable March 22, 2024.
Net sales rose 12% to $47.5 million versus $42.3 million a year earlier, the company's highest quarterly sales as stated in the filing.
Net income rose 221% to $12.6 million, or $0.34 per diluted share, compared with $3.9 million, or $0.11 per diluted share.
Recurring service revenue rose 25% to $18.5 million, with a 90% gross margin, and the company reported no debt as of December 31, 2023.
Quarterly dividend of $0.10 per share is payable March 22, 2024, to holders of record on March 1, 2024.
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