FMR LLC filed an amended beneficial ownership report for Bel Fuse Inc. Class B common stock. FMR LLC and related entities report beneficial ownership of 876,104.09 shares, representing 7.1% of the Class B common stock, with sole dispositive power over these shares and sole voting power reported for 875,825.00 shares. One or more other persons may receive dividends or sale proceeds from these securities, but no such person holds more than five percent of the outstanding Class B common stock.
Bel Fuse Inc. reported higher Q2 2026 net sales of $210.7 million compared with $168.3 million a year earlier, across both Aerospace, Defense & Rugged Solutions and Industrial Technology & Data Solutions. Gross profit was $84.0 million with a 39.9% margin. Net earnings attributable to Bel shareholders were $25.5 million, or $1.79–$1.89 per diluted share, versus $26.9 million in Q2 2025.
In May 2026 Bel completed a follow-on public offering of 1,725,000 Class B shares at $266.00, generating $458.9 million of gross proceeds and $441.6 million of net proceeds. About $197.5 million was used to repay all outstanding borrowings under the revolving credit facility, leaving no long-term debt and raising cash and cash equivalents to $306.1 million at June 30, 2026.
Bel continued to expand through acquisitions. The Enercon majority stake produced a redeemable noncontrolling interest of $102.6 million and a $5 million earnout payment for 2025. The March 2026 acquisition of dataMate contributed $4.4 million of Q2 net sales and $5.9 million in the first half, with $8.0 million of acquired intangibles and $3.5 million of goodwill recorded.
Bel Fuse reported strong preliminary Q2 2026 results, with net sales of $210.7 million, up 25.1% from Q2‑25, and gross margin improving to 39.9% from 38.7%. GAAP net earnings attributable to shareholders were $25.5 million, while non‑GAAP net earnings rose to $39.1 million. Adjusted EBITDA reached $48.9 million, or 23.2% of sales.
The company completed an equity offering generating $441.6 million in net proceeds, used in part to repay $197.5 million of debt, leaving no long‑term debt and cash of $306.1 million at June 30, 2026. Management expects Q3 2026 sales of $205‑$225 million and gross margin of 39‑41%, assuming current market conditions persist.
Bel Fuse Inc. reported that its board’s compensation committee approved first amendments to the employment agreements of President and Chief Executive Officer Farouq Tuweiq and Chief Financial Officer and Principal Accounting Officer Lynn Hutkin. The amendments were executed on July 2, 2026 and made effective as of June 1, 2026.
The detailed terms of these amended agreements are contained in exhibits 10.1 and 10.2 to this report, which are incorporated by reference.
Bel Fuse Inc. Global Head of People Suzanne Kozlovsky reported open-market sales of 731 shares of Class B common stock on June 1, 2026. The sales were executed in multiple transactions at reported prices between $266.98 and $274.91 per share, with several prices disclosed as weighted averages over narrower ranges. The filing also notes an estimated 492 shares of Class A common stock held indirectly through a 401(k) plan.
Bel Fuse Inc. submitted a Form 144 reporting the proposed sale of 731 shares of Class B Common Stock. The filing references an RSA grant dated 05/31/2023 that vested on 05/31/2026 and includes a numeric value of $200,674.00 and a date of 06/01/2026.
The notice lists Morgan Stanley Smith Barney LLC as the broker and NASDAQ as the market identifier. The excerpt also includes a column value of 10,607,444 adjacent to the other reported figures.
Bel Fuse Inc. reported results of its 2026 annual shareholder meeting and a management role change. Shareholders elected Rita V. Smith and Jacqueline Brito to three-year board terms, ratified Deloitte & Touche LLP as independent auditor for 2026, and approved the advisory vote on executive pay. They also approved the 2026 Equity Compensation Plan and rejected a shareholder proposal that would have allowed Class A shareholders to convert their shares into Class B stock. Separately, as part of a strategic realignment into Aerospace, Defense & Rugged Solutions and Industrial Technology & Data Solutions, Bel named Kenneth Lai Senior Vice President ITDS, expanding his responsibilities, and determined he is no longer an executive officer as defined under Exchange Act rules.
Janus Henderson Group plc reports beneficial ownership of 760,141 shares of Class B common stock of Bel Fuse Inc. The filing states the Asset Managers collectively hold 760,141 shares, representing 7.2% of the Class B shares and that the Asset Managers exercise shared voting and dispositive power over those shares. The filing clarifies the Asset Managers exercise voting/disposition on behalf of client Managed Portfolios and disclaim rights to dividends or sale proceeds tied to those Managed Portfolios. The filing is an amendment and is signed on 5/15/2026.
BEL FUSE INC-CL B has a Schedule 13G filing reporting that T. Rowe Price Investment Management, Inc. beneficially owns 572,919 shares of Common Stock, equal to 5.4% of the class as reported with an ownership date of 03/31/2026. The filing states sole voting and dispositive power over those shares and includes a signed affirmation dated 05/15/2026 denying beneficial ownership as a legal position.