BEL FUSE INC.
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(Exact Name of Registrant as Specified in Charter)
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(State or Other Jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of Each Class
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Trading Symbol(s)
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Name of Each Exchange on Which Registered
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Item 9.01.
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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Date: June 26, 2023
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BEL FUSE INC.
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(Registrant)
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By:
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/s/ Daniel Bernstein
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Daniel Bernstein
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President and Chief Executive Officer
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Exhibit No.
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Description
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99.1
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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
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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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