SEC Filing - Bel Fuse Inc.

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belfb20230626_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 26, 2023

BEL FUSE INC.

(Exact Name of Registrant as Specified in Charter)

New Jersey		000-11676		22-1463699
(State or Other Jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

206 Van Vorst Street, Jersey City, New Jersey		07302
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (201) 432-0463

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered or to be registered pursuant to Section 12(b) of the Act:

*Title of Each Class*	*Trading Symbol(s)*	*Name of Each Exchange on Which Registered*
Class A Common Stock ($0.10 par value)	BELFA	Nasdaq Global Select Market
Class B Common Stock ($0.10 par value)	BELFB	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On June 26, 2023, Bel Fuse Inc. (“Bel” or the “Company”) issued a press release announcing the Company’s new corporate headquarters location. Bel announced that it has closed on the sale of its building in Jersey City, New Jersey for $5.9 million, and that Bel’s corporate headquarters will transition to West Orange, New Jersey. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K under Item 7.01, including the information contained in Exhibit 99.1, is being furnished to the Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.

Item 8.01. Other Events.

As described in Item 7.01 of this Current Report on Form 8-K, on June 26, 2023, Bel announced the transition of its corporate headquarters to West Orange, New Jersey. Effective July 1, 2023, the address of record for Bel’s corporate headquarters will be:

Bel Fuse Inc.

300 Executive Drive

Suite 300

West Orange, NJ 07052

Bel’s phone number will remain the same and is (201) 432-0463.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

The following Exhibit 99.1 is furnished with this Current Report on Form 8-K:

Exhibit No.		Description
99.1		Press Release issued by Bel Fuse Inc., dated June 26, 2023.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 26, 2023	BEL FUSE INC.
	(Registrant)


By:	/s/ Daniel Bernstein
	Daniel Bernstein
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.

Description

99.1		Press release issued by the Company, dated June 26, 2023.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

ex_537986.htm

Exhibit 99.1

https://cdn.kscope.io/93aa55132c774dc8c30bcb1c87171975-image00001.jpg

FOR IMMEDIATE RELEASE

Bel Fuse Inc.

206 Van Vorst Street

Jersey City, NJ 07302

www.belfuse.com

tel 201.432.0463

fax 201.432.9542

Bel Announces Sale of Jersey City Building and
Relocation of Corporate Headquarters

Jersey City, NJ, June 26, 2023, Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced that it has closed on the sale of its building in Jersey City, New Jersey for $5.9 million. Bel’s corporate headquarters have been based in Jersey City for over 60 years, with the building at 206 Van Vorst Street utilized as its corporate headquarters for the past 20 years.

Bel’s corporate office will transition to West Orange, New Jersey. Dan Bernstein, President and CEO, commented “While we will certainly miss the city that we have called home for many decades, times are changing. The move to West Orange will improve the work-life balance for most of the 25 associates physically based out of our corporate office, reducing their commute. The timing makes sense due to the current market value of the property and our expectation of lower annual operating costs. This move supports our team and is in the best interest of our shareholders.”

Effective July 1, 2023, the address of record for Bel’s corporate headquarters will be:

Bel Fuse Inc.

300 Executive Drive

Suite 300

West Orange, NJ 07052

The phone number will remain the same and is (201) 432-0463.

About Bel
Bel (NASDAQ: BELFA and BELFB) designs, manufactures and markets a broad array of products that include circuit protection, connectors, cable assemblies, discrete components, magnetics, and power supplies. The Company serves a global market and operates facilities around the world.

Company Contact:

Lynn Hutkin
VP Financial Reporting & Investor Relations

ir@belf.com

Investor Contact:

Three Part Advisors

Jean Marie Young, Managing Director or Steven Hooser, Partner

631-418-4339

Media contacts

Bel Fuse

Kelly Wigginton
Kelly.Wigginton@belf.com

Publitek

Zach Hynoski
zach.hynoski@publitek.com

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