Corporate GovernanceJul 2, 2026, 04:43 PM
Bel Fuse Increases CEO & CFO Compensation
AI Summary
Bel Fuse, Inc. announced significant compensation increases for its President and CEO, Farouq Tuweiq, and its CFO, Lynn Hutkin, effective June 1, 2026. The changes include higher base salaries, increased target variable compensation, and larger long-term performance awards for both executives. The allocation of variable compensation also shifted towards a higher percentage of Restricted Stock Units (RSUs) for both.
Key Highlights
- CEO Farouq Tuweiq's base salary increased from $600,000 to $725,000.
- CEO's target annual variable compensation increased from $1,600,000 to $2,100,000.
- CEO's variable compensation allocation changed to 40% cash and 60% RSUs.
- CEO's annual Long-Term Performance Award increased from $1,200,000 to $1,875,000.
- CFO Lynn Hutkin's base salary increased from $300,000 to $400,000.
- CFO's annual variable compensation percentage increased from 125% to 150% of base salary.
- CFO's variable compensation allocation changed to 55% cash and 45% RSUs.
- CFO's annual Long-Term Performance Award percentage increased from 75% to 100% of base salary.
Price Impact
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