[SCHEDULE 13D/A] Bel Fuse Inc SEC Filing
Amendment No. 2 to a Schedule 13D filed by Christopher F. Bennett reports his current holdings in Bel Fuse Inc. Class A common stock. Mr. Bennett beneficially owns 107,608 shares, representing 5.09% of the 2,115,263 shares outstanding referenced from the company report dated July 25, 2025. He used personal funds of approximately $3,090,962 to purchase the shares, which are held in margin accounts. The filing states he has sole voting and dispositive power over these shares and that this amendment reflects dispositions of shares relative to prior filings. No contractual arrangements with other parties regarding the securities are disclosed.
- Full disclosure of ownership: Filing clearly states beneficial ownership of 107,608 shares (5.09%).
- Source of funds identified: Approximately $3,090,962 of personal funds were used to acquire the shares.
- Sole voting and dispositive power: The reporting person exercises exclusive control over voting and disposition of the shares.
- Use of margin accounts: Shares are held in margin accounts which may introduce leverage or margin-related liquidation risk (no margin balances disclosed).
- No additional arrangements disclosed: The amendment reports dispositions but provides no detail on intent or further plans, limiting insight into future actions.
Insights
TL;DR: Beneficial owner reports a modest, clearly disclosed 5.09% stake, funded personally and held with sole voting control.
The filing documents a non-institutional investor holding 107,608 Class A shares (5.09%) of Bel Fuse Inc., funded with approximately $3.09 million of personal funds and held in margin accounts. Sole voting and dispositive power simplifies governance implications: the reporting person can act independently on these shares. The amendment notes dispositions relative to earlier filings but provides no new contractual arrangements or parties. For investors, the disclosure clarifies ownership concentration and source of funds but contains no operational or financial forecasts.
TL;DR: Ownership is material for disclosure but not controlling; sole control increases clarity on voting influence.
The Schedule 13D/A confirms that one individual holds a reportable minority stake (5.09%) with exclusive voting and dispositive authority. This eliminates ambiguity about shared control or group affiliation. The use of personal funds and margin-account custody are disclosed, which is relevant for potential liquidity or forced-sale considerations but no margin amounts or debt levels are provided. No agreements or cooperative arrangements with other shareholders are reported, reducing the likelihood of coordinated activism based on this filing alone.