On July 1, 2026, the Board's compensation committee approved amendments to the employment agreements of CEO Farouq Tuweiq and CFO Lynn Hutkin, effective June 1, 2026. For Mr. Tuweiq, base salary increased from $600,000 to $725,000, target annual variable compensation rose from $1,600,000 to $2,100,000 (shifting allocation to 40% cash and 60% RSUs), and the annual Long-Term Performance Award increased from $1,200,000 to $1,875,000. For Ms. Hutkin, base salary increased from $300,000 to $400,000, annual variable compensation rose from 125% to 150% of base salary (shifting allocation to 55% cash and 45% RSUs), and the annual Long-Term Performance Award increased from 75% to 100% of base salary. Bel Fuse Inc. is an electronic components manufacturer.