Bel Fuse Inc. designs, manufactures, and markets electronic components, systems, and solutions that power, protect, and connect electronic circuits. The company serves aerospace, defense, industrial, data-driven, networking, telecommunications, computing, transportation, e-Mobility, medical, broadcasting, automotive, and consumer electronics markets through power solutions and protection, connectivity solutions, and magnetic solutions.
Bel Fuse news regularly covers operating results, conference participation, cash dividends on Class A and Class B common shares, product-portfolio expansion, and organizational changes. Recent company developments include the completed acquisition of dataMate, an advanced ethernet and broadband business, and a segment realignment into Aerospace, Defense & Rugged Solutions and Industrial Technology & Data Solutions.
Bel Fuse announced the retirement of Dennis Ackerman, President of Bel Power Solutions and Protection, effective July 31, 2024, after 37 years of service. Steve Dawson, currently Vice President of Marketing and Business Development for the Power segment, will succeed Ackerman starting July 1, 2024. Ackerman has substantially contributed to Bel since joining in 1986, holding various leadership roles and driving acquisitions and growth. CEO Daniel Bernstein commended Ackerman's dedication and expressed confidence in Dawson's ability to lead the segment to long-term success. Dawson brings over 25 years of experience in power and circuit protection, previously working with Cooper Industries, Power-One, and ABB.
Bel Fuse, a global manufacturer specializing in powering, protecting, and connecting electronic circuits, has announced its investor conference schedule for June 2024. The company, listed under the ticker symbols BELFA and BELFB on Nasdaq, will participate in three major events.
On June 4, 2024, CFO Farouq Tuweiq and VP of Financial Reporting & Investor Relations Lynn Hutkin will attend the Stifel Cross Sector Insight Conference at The InterContinental Boston. They will conduct meetings throughout the day.
On June 12, 2024, the same executives will represent Bel Fuse at the 14th Annual East Coast IDEAS Investor Conference, held at Jay Conference - Bryant Park, New York, presenting at 1:20 pm ET and conducting meetings throughout the day.
On June 25, 2024, they will participate in the Northland Growth Conference 2024, conducting virtual meetings throughout the day. Investor presentation decks and webcasts will be available on the company's website.
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) announced its investor conference schedule for May 2024, including participation in the Oppenheimer 19th Annual Industrial Growth Conference and the Cowen 52nd Annual Technology, Media & Telecom Conference. The presentations will feature the company's CFO and VP Financial Reporting & Investor Relations. Investors can access the presentation decks and webcasts through the investor relations section of Bel Fuse's website.
Bel Fuse Inc. has announced a regular quarterly cash dividend on its Class A and Class B shares. The Board of Directors declared dividends of $0.06 per share for Class A and $0.07 per share for Class B. The dividends will be payable on August 1, 2024, to shareholders of record on July 15, 2024. Bel currently has approximately 12,620,000 common shares outstanding, with 2,124,000 being Class A shares and 10,496,000 being Class B shares.
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