Bel Fuse Inc. Announces Plans to Adjourn May 19, 2020 Annual Shareholders’ Meeting and Reschedule to Virtual Format
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Rhea-AI Summary
BEL FUSE INC. (NASDAQ: BELFA) announced the adjournment of its 2020 Annual Shareholders’ meeting, initially scheduled for May 19, 2020, to June 10, 2020, at 2:00 p.m. ET, to be held virtually. The decision was made to prioritize public health and safety amid COVID-19 concerns. CEO Daniel Bernstein expressed gratitude towards first responders and shareholders for their support during these challenging times. Shareholders can access the meeting via webcast or telephone, and further details can be found on the company’s microsite.
Details
News Market Reaction – BELFA
The recorded move for BELFA in the trading session of this news was +9.75%.
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JERSEY CITY, N.J., May 15, 2020 (GLOBE NEWSWIRE) -- BEL FUSE INC. (NASDAQ:BELFA) and (NASDAQ:BELFB) today announced that the Board plans to adjourn its 2020 Annual Shareholders’ meeting that was scheduled for May 19, 2020. Upon its adjournment, the annual shareholder meeting is expected to be reconvened virtually by remote communication on June 10, 2020 at 2:00 p.m. ET.
Bel Fuse Inc. Virtual Shareholder Meeting Information:
Meeting Date: Wednesday, June 10, 2020
Meeting Time: 2:00 p.m. Eastern Time (EDT)
Annual Meeting Microsite (information, webcast, and replay):
https://www.cstproxy.com/belfuse/2020
Telephone access (listen-only):
Within the U.S. and Canada: +1 877-770-3647 (toll-free)
Outside of the U.S. and Canada: +1 312-780-0854 (standard rates apply)
Passcode for telephone access:
88610155#
Daniel Bernstein, Bel’s Chief Executive Officer commented, “With the public’s health and safety paramount to what we do every day, and in compliance with guidelines and restrictions relating to group gatherings, we have decided it is best to move this year’s annual shareholders’ meeting to a virtual environment. Our gratitude and appreciation go out to our first responders and health care professionals on the front lines of COVID-19 who are taking care of us during this time, as well as to our shareholders for their continued support of Bel.”
About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Investor Contact:
Darrow Associates
tel 516.419.9915
pseltzberg@darrowir.com
Company Contact:
Daniel Bernstein
President
ir@belf.com
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