AGM/EGMMay 28, 2026, 02:31 PM
Bel Fuse Shareholders Elect Directors, Approve Auditor & Equity Plan
AI Summary
Bel Fuse Inc. held its 2026 annual meeting, where shareholders approved the election of two directors, ratified Deloitte & Touche LLP as the independent auditor, and adopted the 2026 Equity Compensation Plan. An advisory vote on executive compensation also passed, while a shareholder proposal for Class A to Class B common stock conversion was rejected. Separately, Kenneth Lai's responsibilities expanded to Senior Vice President ITDS, and he is no longer considered an executive officer.
Key Highlights
- Kenneth Lai named Senior VP ITDS, no longer an executive officer.
- Shareholders elected Rita V. Smith (1,339,144 For) and Jacqueline Brito (1,303,369 For) as directors.
- Deloitte & Touche LLP ratified as independent auditor with 1,785,986 votes For.
- Executive compensation approved on advisory basis with 1,564,823 votes For.
- 2026 Equity Compensation Plan approved with 1,571,450 votes For.
- Shareholder proposal for Class A to Class B conversion rejected with 1,016,457 votes Against.
- A total of 1,914,319 Class A Common Stock shares were represented and voted.
Price Impact
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