Bel Director John Tweedy to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting
08 3월 2024 - 6:21AM
Bel Fuse Inc.
(Nasdaq: BELFA and BELFB)
(“Bel” or the “Company”), a designer, manufacturer, and
provider of products that power, protect and connect electronic
circuits, today announced that John Tweedy will retire from the
Board and not stand for re-election at the Company’s 2024 Annual
Meeting of Shareholders. The Board of Directors plans to nominate
David Valletta to join the Board in 2024.
Mr. Tweedy has served on Bel’s Board since 1996 and throughout
the years has served on various committees including Audit and
Executive. John has been instrumental during Bel’s various
acquisitions, international expansion, and recent changes to the
overall organization.
“On behalf of the Board, I thank John for his many contributions
to Bel. As a long-standing member of the Board, John’s insight and
counsel will be missed,” said Dan Bernstein, President, CEO and
Director.
Mr. Valletta brings over 40 years of sales and growth experience
within the electronic components industry. In his most recent role
as Executive Vice President of Worldwide Sales at Vishay
Intertechnology, Mr. Valletta was responsible for a multi-billion
global sales team and helped to set the strategic direction of the
organization while attaining certain revenue and profit margin
targets across all of its product categories. Mr. Valletta worked
closely with the executive team and Board of Directors as they
pursued acquisitions and integrated them within Vishay. Mr.
Valletta began his journey at Vishay in 1994 and held prior roles
at AVX corporation, a leading electronic component manufacturer
based in South Carolina. He holds a BA from the University of Rhode
Island and an MBA from Northeastern University.
“We are very pleased about the potential of adding Dave to our
Board given his tremendous wealth of knowledge in building, leading
and managing sales teams for global organizations within our
industry,” said Dan Bernstein, Chief Executive Officer. “If
elected, Dave will be helpful in sharing with us his proven
expertise as we look to continue to invest and focus on growth in
places such as Europe and the Automotive sector.”
About Bel Bel (www.belfuse.com) designs,
manufactures and markets a broad array of products that power,
protect and connect electronic circuits. These products are
primarily used in the networking, telecommunications, computing,
military, aerospace, medical, transportation and broadcasting
industries. Bel's product groups include Magnetic Solutions
(integrated connector modules, power transformers, power inductors
and discrete components), Power Solutions and Protection
(front-end, board-mount and industrial power products, module
products and circuit protection), and Connectivity Solutions
(expanded beam fiber optic, copper-based, RF and RJ connectors and
cable assemblies). The Company operates facilities around the
world.
Important Additional Information For Investors and
Shareholders
The Company intends to file a proxy statement and proxy card
with the U.S. Securities and Exchange Commission (the “SEC”) in
connection with its solicitation of proxies for its 2024 Annual
Meeting of Shareholders. SHAREHOLDERS OF THE COMPANY ARE
STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY
AMENDMENTS AND SUPPLEMENTS THERETO), ACCOMPANYING PROXY CARD, AND
ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THESE DOCUMENTS BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Shareholders may obtain the proxy
statement, any amendments or supplements to the proxy statement and
other documents as and when filed by the Company with the SEC
without charge from the SEC’s website at www.sec.gov. Copies will
also be available at no charge on the Company’s website at
https://ir.belfuse.com/financial-information/sec-filings.
The Company, its directors and certain of its executive officers
may be deemed to be participants in connection with the
solicitation of proxies from the Company’s shareholders in
connection with the matters to be considered at the Company’s 2024
Annual Meeting of Shareholders. Information regarding the ownership
of the Company’s directors and executive officers in the Company’s
common shares is included in their SEC filings on Forms 3, 4, and
5, which can be found through the SEC’s website at www.sec.gov or
on the Company’s website at
https://ir.belfuse.com/financial-information/sec-filings.
Information can also be found in the Company’s other SEC filings.
More detailed and updated information regarding the identity of
potential participants, and their direct or indirect interests, by
security holdings or otherwise, will be set forth in the proxy
statement and other materials to be filed with the SEC. These
documents can be obtained free of charge from the sources indicated
above.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, including, without limitation, our
expectations, plans and opinions regarding director nominations and
the 2024 Annual Meeting of Shareholders. These statements involve
risks and uncertainties that could cause actual events to differ
materially from expectations, including, but not limited to,
changes in our plans with respect to director nominations and the
2024 Annual Meeting of Shareholders, changes in individual
intentions with respect to the same, and our ability to achieve our
expected strategic, financial and operational plans. For additional
discussion of risk factors, please refer to our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q, and
other filings that we make from time to time with the SEC, which
are available on the SEC’s website (www.sec.gov). The Company
undertakes no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Contacts:
Bel Fuse Inc.Lynn Hutkin, VP Financial
Reporting & Investor Relationsir@belf.com
Three Part AdvisorsJean Marie Young, Managing
DirectorSteven Hooser,
Partnerjyoung@threepa.comshooser@threepa.com
Bel Fuse (NASDAQ:BELFA)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Bel Fuse (NASDAQ:BELFA)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024