Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-4.52%
$14.52
0% positive prob.
5-Day Prediction
-8.14%
$13.97
0% positive prob.
20-Day Prediction
+2.21%
$15.55
0% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q2 2026 | SELL | -4.52% | -8.14% | +2.21% | 100.0% | -20.78% |
| Q1 2026 | SELL | -3.55% | -7.73% | +0.35% | 100.0% | -11.82% |
| Q3 2025 | SELL | -4.11% | -7.78% | +0.26% | 100.0% | -7.29% |
SEC 8-K filings with transcript text
Aug 12, 2026 · 100% conf.
1D
-4.52%
$14.52
Act: -16.17%
5D
-8.14%
$13.97
Act: -20.78%
20D
+2.21%
$15.55
2 ex99-1.htm
Exhibit 99.1
Nortech Systems Reports Second Quarter Results
MINNEAPOLIS – August 12, 2026 – Nortech
Systems Incorporated (Nasdaq: NSYS) (“Nortech” or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, industrial, and aerospace & defense markets, reported financial results for the second quarter ended June 30, 2026.
2026 Q2 Highlights:
● Net sales of $33.5 million in Q2 2026 vs. $30.7 million in Q2 2025
● Net income of $316 thousand, or $0.11 per basic share in Q2 2026 vs. $313 thousand, or $0.12 per basic share in Q2 2025
● Adjusted earnings before interest, taxes, depreciation, and amortization (“EBITDA”) of $938 thousand in Q2 2026 vs. $1.1 million in Q2 2025
● 90-day backlog of $33.4 million as of June 30, 2026 vs. $26.6 million as of June 30, 2025
● Total backlog of $93.8 million as of June 30, 2026, up 20% from June 30, 2025
Management Commentary
“Nortech delivered a solid second quarter, with year-over-year revenue growth, improved gross margins, and continued positive operating income reflecting the benefits of our restructuring actions and disciplined execution,” said President & CEO, Jay D. Miller.
“We are encouraged by the continued strength of our bookings and our backlog, which we view as an important leading indicator of future business prospects, including opportunities in attractive markets such as Aerospace and Defense as well as Medical. We are also seeing continued customer interest in nearshoring and regional manufacturing strategies, where our North American footprint, combined with our China operations, positions Nortech well to support customers’ evolving supply chain needs. As we move through the second half of 2026, we remain focused on converting strong customer engagement into sustainable growth and long-term value.”
Summary Financial Information
The following table provides summary financial information comparing the second quarter 2026 (“Q2 2026”) financial results to the same quarter in 2025 (“Q2 2025”) as well as the six-month period ended June 30, 2026 (“YTD 2026”) with the same period in 2025 (“YTD 2025”).
($ in thousands)
% Change
% Change
Net sales
$ 33,540
$ 30,675
9.3 %
$ 63,856
$ 57,570
10.9 %
Gross profit
$ 5,703
$ 4,837
17.9 %
$ 10,405
$ 7,915
31.5 %
Operating expenses
$ 5,080
$ 4,095
24.1 %
$ 9,735
$ 8,786
10.8 %
Net income (loss)
$ 316
$ 313
1.0 %
$ 282
$ (1,003 )
(128.1 )%
$ 938
$ 1,073
(12.6 )%
$ 1,288
$ (193 )
(767.4 )%
Adjusted EBITDA
$ 938
$ 1,073
(12.6 )%
$ 1,288
$ 73
1,664 %
Conference Call
The Company will hold a live conference call and webcast at 3:30 p.m. central time on Wednesday, August 12, to discuss the Company’s 2026 second quarter results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President and Andrew D. C. LaFrence, Chief Financial Officer and Senior Vice President of Finance. To access the live audio conference call, US participants may call 888-506-0062 and international participants may call 973-528-0011. Participant Access Code: 979013. Participants may also access the call via webcast at: https://www.webcaster5.com/Webcast/Page/2814/54239.
###
About Nortech Systems Incorporated
Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech primarily serves the medical imaging, medical device, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire, cable, and interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has six manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech’s website is www.nortechsys.com.
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 including without limitation statements regarding strength and growth of bookings and backlog, future business prospects, opportunities in aerospace and defense and medical markets, converting strong customer engagement into sustainable growth and long-term value, future financial results including increased gross margin, our ability to generate positive EBITDA, nearshoring as a strategic advantage, successful execution of our long-term strategy, our enhanced competitiveness in aerospace, defense, and o
May 13, 2026 · 100% conf.
1D
-3.55%
$13.46
Act: -13.25%
5D
-7.73%
$12.88
Act: -11.82%
20D
+0.35%
$14.01
Act: +18.91%
SEC.gov | Request Rate Threshold Exceeded
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Mar 26, 2026
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Internet Security Policy
By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.
Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).
To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.
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Nov 13, 2025 · 100% conf.
1D
-4.11%
$6.97
Act: +0.89%
5D
-7.78%
$6.70
Act: -7.29%
20D
+0.26%
$7.29
Act: +1.10%
false 0000722313
0000722313
2025-11-13 2025-11-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): November 13, 2025
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on November 13, 2025, entitled “Nortech Systems Reports Third Quarter Results” regarding its consolidated results and financial condition for the third quarter ended September 30, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated November 13, 2025 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 13, 2025
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
Aug 7, 2025
false 0000722313
0000722313
2025-08-07 2025-08-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): August 7, 2025
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on August 7, 2025, entitled “Nortech Systems Reports Second Quarter Results” regarding its consolidated results and financial condition for the second quarter ended June 30, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated August 7, 2025 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 7, 2025
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
May 14, 2025
false 0000722313
0000722313
2025-05-14 2025-05-14
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): May 14, 2025
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on May 14, 2025, entitled “Nortech Systems Reports First Quarter Results” regarding its consolidated results and financial condition for the first quarter ended March 31, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated May 14, 2025 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 14, 2025
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
Mar 31, 2025
false 0000722313
0000722313
2025-03-31 2025-03-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): March 31, 2025
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on March 31, 2025, entitled “Nortech Systems Reports Fourth Quarter Results” regarding its consolidated results and financial condition for the fourth quarter ended December 31, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated March 31, 2025 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 31, 2025
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
Nov 7, 2024
false 0000722313
0000722313
2024-11-07 2024-11-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): November 7, 2024
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on November 7, 2024, entitled “Nortech Systems Reports Third Quarter Results” regarding its consolidated results and financial condition for third quarter ended September 30, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated November 7, 2024 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 7, 2024
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
Aug 8, 2024
false 0000722313
0000722313
2024-08-08 2024-08-08
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
8-K
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): August 8, 2024
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on August 8, 2024, entitled “Nortech Systems Reports Second Quarter Results” regarding its consolidated results and financial condition for second quarter ended June 30, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated August 8, 2024 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 8, 2024
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
May 16, 2024
nsys20240515_8k.htm
false 0000722313
0000722313
2024-05-15 2024-05-15
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): May 15, 2024
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 1.01 Entry into a Material Definitive Agreement
Amended Maple Grove, Minnesota Lease
On May 15, 2024, Nortech Systems Incorporated (the "Company”) completed an amendment to its Maple Grove, Minnesota facility to extend the lease through August 31, 2033 and reduce its leased space by approximately 30%.
Item 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on May 16, 2024, entitled "Nortech Systems Reports First Quarter Results and Actions to Reduce Facilities Costs” regarding its consolidated results and financial condition for first quarter ended March 31, 2024 and recent facility consolidation and optimization activities. A copy of this news release is attached hereto as Exhibit 99.1.
Item 2.05 Costs Associated with Exit or Disposal Activities
On May 16, 2024, the Registrant issued a press release, attached hereto as Exhibit 99.1, announcing that the Registrant will close its manufacturing plant located in Blue Earth, Minnesota and relocate the production of products made in that facility to its facility in Bemidji, Minnesota. The registrant further announced that it expects this closure to result in out-of-pocket expenses for employee severance and other plant closure expenses of approximately $1.0 million to $1.1 million, including asset write-offs of about $0.4 million. The plant closure expenses are expected to be incurred by December 31, 2024.
Item 9.01 Financial Statements and Exhibits
10.1 Second Amendment to Lease dated15th day of May, 2024 by and between Sri Management and Consulting LLC, a Minnesota limited liability company, as management agent for the property owners and Nortech Systems, Inc., a Minnesota corporation.
99.1
News Release dated May 16, 2024 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May16, 2024
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and SVP Finance
Mar 20, 2024
nsys20240319_8k.htm
false 0000722313
0000722313
2024-03-20 2024-03-20
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): March 20, 2024
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on March 20, 2024, entitled "Nortech Systems Reports Fourth Quarter and Full Year 2023 Results” regarding its consolidated results and financial condition for the fourth quarter and year ended December 31, 2023. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated March 20, 2024 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 20, 2024
Nortech Systems Incorporated
(Registrant)
/s/ Andrew D. C. LaFrence
Andrew D. C. LaFrence
Chief Financial Officer and Senior Vice President of Finance
Nov 8, 2023
nsys20231108_8k.htm
false 0000722313
0000722313
2023-11-08 2023-11-08
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): November 8, 2023
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on November 8, 2023, entitled "Nortech Systems Reports Third Quarter 2023 Results” regarding its consolidated results and financial condition for the third quarter ended September 30, 2023. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated November 8, 2023 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 8, 2023
Nortech Systems Incorporated
(Registrant)
/s/ Alan K. Nordstrom
Alan K. Nordstrom
Acting Chief Financial Officer and Corporate Controller
Aug 9, 2023
nsys20230809_8k.htm
false 0000722313
0000722313
2023-08-09 2023-08-09
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): August 9, 2023
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on August 9, 2023, entitled "Nortech Systems Reports Second Quarter 2023 Results” regarding its consolidated results and financial condition for the second quarter ended June 30, 2023. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated August 9, 2023 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 9, 2023
Nortech Systems Incorporated
(Registrant)
/s/ Alan K. Nordstrom
Alan K. Nordstrom
Acting Chief Financial Officer and Corporate Controller
May 10, 2023
nsys20230509_8k.htm
false 0000722313
0000722313
2023-05-10 2023-05-10
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): May 10, 2023
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on May 10, 2023, entitled "Nortech Systems Reports First Quarter 2023 Results” regarding its consolidated results and financial condition for the first quarter ended March 31, 2023. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated May 10, 2023 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 10, 2023
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
Mar 17, 2023
nsys20230316_8k.htm
false 0000722313
0000722313
2023-03-16 2023-03-16
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): March 16, 2023
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on March 16, 2023, entitled "Nortech Systems Announces 2022 Fourth Quarter and Full Year Results” regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated March 16, 2023 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 16, 2023
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
Nov 14, 2022
nsys20221111_8k.htm
false 0000722313
0000722313
2022-11-09 2022-11-09
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): November 9, 2022
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on November 9, 2022, entitled "Nortech Systems Announces 2022 Third Quarter Results” regarding its consolidated third quarter results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated November 9, 2022 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 14, 2022
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
May 11, 2022
nsys20220511_8k.htm
false 0000722313
0000722313
2022-05-11 2022-05-11
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): May 11, 2022
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on May 10, 2022, entitled "Nortech Systems Announces 2022 First Quarter Results” regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated May 10, 2022 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 11, 2022
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
Nov 12, 2021
nsys20211110_8k.htm
false 0000722313
0000722313
2021-11-12 2021-11-12
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): November 12, 2021
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-1681094
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on November 11, 2021, entitled “Nortech Systems Announces Third Quarter 2021 Results” regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated November 11, 2021 (furnished)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 12, 2021
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
2
May 18, 2021
8-K 1 nsys20210518_8k.htm
nsys20210518_8k.htm
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): May 13, 2021
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-16810894
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on May 13, 2021, entitled “Nortech Systems Announces First Quarter 2021 Results” regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 13, 2021, Nortech Systems Incorporated (the “Company”) held its annual meeting of shareholders. The items voted on at the meeting and the results of such voting are set forth below:
(1)
The shareholders elected seven directors to serve as members of the Company’s Board of Directors for one-year terms and until their successors are elected and qualified. The shareholders present in person or by proxy cast the following numbers of votes in connection with the election of directors, resulting in the election of all director nominees:
Nominee
Votes For
Votes Withheld
David B. Kunin
1,852,863
20,724
Ryan P. McManus
1,757,251
116,336
Jay D. Miller
1,844,132
29,455
Steven J. Rosenstone
1,845,633
27,954
Dan Sachs
1,845,813
27,774
Philip I. Smith
1,846,067
27,520
Stacy Kruse
1,846,435
27,152
(2)
The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers (referred to as the “Say-On-Pay” proposal), as described in the Company’s proxy statement. There were 1,837,904 votes cast for the proposal; 24,018 votes cast against the proposal; 11,665 votes abstained; and there were 356,074 broker non-votes.
(3)
The shareholders ratified the appointment of Baker Tilly Virchow Krause, LLP as the independent registered public accounting firm of the Company for fiscal 2021. There were 2,226,395 votes cast for the proposal; 1,265 votes cast against the proposal; and 2,001 votes abstained; and there were no broker non-votes.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated May 13, 2021 (furnished)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 18, 2021
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
Mar 23, 2021
8-K 1 nsys20210323_8k.htm
nsys20210323_8k.htm
TO SECTION 13 OR 15(d) OF THE
Date of Report (Date of earliest event reported): March 23, 2021
(Exact name of registrant as specified in charter)
Minnesota
0-13257
41-16810894
(State or other jurisdiction
(Commission
IRS Employer
of incorporation)
File Number)
Identification No.)
7550 Meridian Circle N, Maple Grove, MN 55369
(Address of principal executive offices)
(952) 345-2244
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed from 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 14-2(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 pursuant to Section 12(b) of the Act:
Title of each class:
Trading Symbol(s)
Name of each exchange on which registered:
Common Stock, par value $.01 per share
NASDAQ Capital 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 2.02 Results of Operations and Financial Condition
The Registrant issued a news release on March 23, 2021, entitled “Nortech Systems Announces 2020 Results” regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
99.1
News Release dated March 23, 2021 (furnished)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 23, 2021
Nortech Systems Incorporated
(Registrant)
/s/ Christopher D. Jones
Christopher D. Jones
SVP and Chief Financial Officer
2
This page provides Nortech Systems Incorporated (NSYS) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on NSYS's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.