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): December 21, 2010
BEL FUSE INC.
(Exact Name of Registrant as Specified in its Charter)
|
New Jersey
|
0-11676
|
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
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))
Item 8.01 Other Events
On December 22, 2010, the registrant issued a press release relating to a recent jury verdict. A copy of the press release is attached to this report.
Item 9.01. Financial Statements and Exhibits.
Exhibits
Exhibit 99.1– Press release dated December 22, 2010.
SIGNATURE
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: December 28, 2010
|
/s/ Colin Dunn
|
|
Colin Dunn
|
|
|
Vice-President of Finance and Secretary
|
EXHIBIT INDEX
Exhibit 99.1– Press release dated December 22, 2010.
Exhibit 99.1
 |
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
|
|
Investor Contact:
Neil Berkman Associates
(310) 826-5051
info@berkmanassociates.com
|
Company Contact:
Daniel Bernstein
President
ir@BelFuse.com
|
|
Bel Fuse Reports SynQor Verdict
JERSEY CITY, New Jersey, December 22, 2010 -- Bel Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB) today announced that the jury has reached its verdict in SynQor v. Artesyn Technologies, Inc., et al. In 2007, SynQor filed a lawsuit in the United States District Court for the Eastern District of Texas, alleging that eleven defendants, including Bel Fuse, infringed its patents covering certain power products. SynQor asserted 10 claims in 5 patents at trial, but withdrew its willfulness claims and its request for treble damages prior to trial.
The jury found that certain products of the defendants directly and/or indirectly infringe the SynQor patents. The Bel products accused of infringing the SynQor patents involve unregulated bus converters. The jury awarded damages of approximately $8.1 million against Bel.
The patents were issued in the United States in 2006-2009. Bel is currently evaluating the impact of the verdict, but does not believe that the impact will be material to its overall business. Bel is also evaluating its grounds for appeal.
About Bel
Bel (www.belfuse.com) and its divisions are primarily engaged in the design, manufacture, and sale of products used in networking, telecommunications, high-speed data transmission, commercial aerospace, military, transportation, and consumer electronics. Products include magnetics (discrete components, power transformers and MagJack® connectors with integrated magnetics), modules (DC-DC converters, integrated analog front-end modules and custom designs), circuit protection (miniature, micro and surface mount fuses) and interconnect devices (micro, circular and filtered D-Sub connectors, passive jacks, plugs and high-speed cable assemblies). The Company operates f
acilities around the world.
Forward-Looking Statements
Except for historical information contained in this press release, the matters discussed in this press release (including the impact of the verdict on the Company's business) are forward looking statements that involve risks and uncertainties. Among the factors that could cause actual results to differ materially from such statements are: the market concerns facing our customers, the continuing viability of sectors that rely on our products, the effect of business and economic conditions; capacity and supply constraints or difficulties; product development, commercializing or technological difficulties; the regulatory and trade environment; risks associated with foreign currencies; uncertainties associated with the appeal of jury verdicts; the market's acceptance of the Company's new products and com
petitive responses to those new products and the risk factors detailed from time to time in the Company's SEC reports. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statements.
* * * * *
#4758