Napco Security Technologies, Inc. filings document a Delaware operating company with Nasdaq-listed common stock under the symbol NSSC. Form 8-K reports furnish quarterly and fiscal-year operating results, financial condition updates, Regulation FD disclosures, cash-dividend declarations and selected leadership or officer matters.
Proxy materials cover annual meeting matters such as director elections, auditor ratification and stockholder voting procedures. The company's SEC record also identifies its security registration, governance framework and recurring disclosure areas tied to its electronic security equipment, wireless communication services and related recurring service revenue model.
NAPCO SECURITY TECHNOLOGIES, INC. (NSSC) has a shareholder, Donna Soloway, who filed a notice under Rule 144 to sell up to 28,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services. The shares have an aggregate market value of $1,007,400. Company common shares outstanding were 35,768,437 as of August 26, 2026; this is a baseline figure, not the amount being sold. The shares to be sold were acquired from the issuer on May 18, 2026 through previously exercised options paid in cash, with the proposed sale date listed as May 19, 2026 on NASDAQ.
NAPCO Security Technologies, Inc. (NSSC) reports solid top-line growth while highlighting a business mix increasingly driven by high-margin recurring services. Net revenues were $202.3 million, $181.6 million and $188.8 million for fiscal years ended June 30, 2026, 2025 and 2024, respectively. The 2026 increase over 2025 was led by equipment product revenue growth of $9.5 million (10.0%) and continued expansion of recurring communication services revenue by $11.2 million (13.0%), particularly from door-locking and intrusion/access products and StarLink cellular devices.
Net income was $43.0 million in 2026 versus $43.4 million in 2025 and $49.8 million in 2024; 2026 results include a $16 million one-time litigation settlement charge. Recurring communication services now carry gross margins of about 90.3% and represent roughly 48% of total revenue as of June 30, 2026, providing a large, higher-margin and more predictable revenue base. The company emphasizes school security, mandatory fire and intrusion systems, and connectivity services, supported by a vertically integrated, low-cost manufacturing facility in the Dominican Republic and a 100,000-square-foot U.S. headquarters in New York.
Key risks described include macroeconomic weakness affecting construction-related demand, intense competition from larger security vendors, AI-driven semiconductor and component shortages, transportation disruptions, tariff and trade-policy volatility, cybersecurity threats, and dependence on the Dominican Republic plant and foreign exchange. NAPCO also details extensive regulatory, litigation, governance and cybersecurity oversight structures and has steadily increased its quarterly dividend to $0.15 per share in 2026, with 35,768,437 shares outstanding as of August 21, 2026.
NAPCO Security Technologies, Inc. (NSSC) reported strong results for the quarter and year ended June 30, 2026 and announced a higher dividend. For fiscal Q4 2026, net revenue was $55.8 million, up 10.0% year over year, with net income of $17.8 million, up 52.7%. Gross margin improved to 61.3% from 52.8%, and Adjusted EBITDA reached $20.6 million, up 44.3%, for a margin of 36.8%.
For full-year 2026, revenue was $202.3 million, an 11.4% increase, while GAAP net income was $43.0 million, slightly below 2025 due largely to a $16.0 million litigation settlement cost. On a non-GAAP basis, net income rose 32.0% to $57.3 million, and Adjusted EBITDA rose 27.9% to $66.7 million. Recurring service revenue carried gross margins over 90%, represented about 45% of Q4 revenue, and had a prospective run rate of approximately $103 million.
Cash generation remained solid, with free cash flow of $59.2 million for the year and cash and cash equivalents of $126.9 million at June 30, 2026. The Board declared a $0.17 per share cash dividend payable October 2, 2026 to stockholders of record on September 11, 2026, described as a 13.3% increase in the quarterly dividend.
Copeland Capital Management, LLC filed as a beneficial owner of NAPCO SECURITY TECHNOLOGIES common stock. Copeland reports 2,016,873 shares beneficially owned, representing 5.65% of the outstanding common stock. This crosses the 5% reporting threshold that requires public disclosure of holdings.
Copeland has sole voting power over 1,330,091 shares and shared voting power over 275,525 shares. It also reports sole dispositive power over 1,741,348 shares and shared dispositive power over 275,525 shares, indicating the extent of its authority to vote and dispose of NSSC shares on behalf of its clients.
Vanguard Capital Management and certain affiliates report beneficial ownership of Napco Security Technologies Inc common stock on a Schedule 13G. They report holding 1,794,370 shares, representing 5.02% of the outstanding common stock.
Vanguard has sole voting power over 267,552 shares and sole dispositive power over 1,794,370 shares, with no shared voting or dispositive power. The filing explains that these shares include securities held by various Vanguard funds and managed accounts over which Vanguard entities exercise voting and/or investment discretion. No other single person’s interest in the reported securities exceeds 5%.
NAPCO Security Technologies announced an executive leadership transition effective July 8, 2026. Founder and long-time Chairman and Chief Executive Officer Richard Soloway becomes Founder and Executive Chairman, focusing on strategy, long-term planning, product innovation, and key industry relationships while remaining Chair of the Board.
Kevin Buchel, previously President and Chief Operating Officer, is promoted to Chief Executive Officer and President, taking primary responsibility for day-to-day operations, business strategy execution, and communications with stakeholders. His annual base salary increases to $900,000, with a target annual bonus of 50% of base salary and an annual equity award also targeted at 50% of base salary.
Under his new agreement, Mr. Soloway receives an annual base salary of $800,000, a target annual performance bonus of 50% of base salary, and eligibility for equity awards targeted at 50% of base salary under the Company’s equity plans. Both executives’ employment agreements include severance equal to two times base salary plus target bonus upon certain terminations, subject to a release of claims, as well as non-competition and non-solicitation covenants.
NAPCO Security Technologies director Donna Anne Soloway exercised multiple stock option grants to acquire 41,100 shares of Common Stock on May 18, 2026. The exercises covered Non-Employee Stock Options with exercise prices ranging from $4.35 to $26.94 per share.
Following the latest reported transaction, she holds 11,462 Common Shares directly and continues to hold 1,000 Non-Employee Stock Options at an exercise price of $26.94 per share expiring in 2032, with the remaining 1,000 options under that grant becoming exercisable on August 25, 2026.
NAPCO Security Technologies reports that Copeland Capital Management, LLC beneficially owns 2,009,088 shares of Common Stock as of 03/31/2026. The filing (Schedule 13G) shows this equals 5.6% of the class. Copeland reports 1,343,028 shares with sole voting power and 252,671 shares with shared voting power. The filing certifies the position is held in the ordinary course of business.
Napco Security Technologies reported mixed results for the quarter ended March 31, 2026. Revenue rose to $49.2M from $44.0M, driven by higher equipment and recurring service sales. However, a $16.0M litigation settlement cost turned operating income into a small loss.
The company posted a net loss of $0.4M (basic and diluted $(0.01) per share) versus net income of $10.1M a year earlier. For the nine months, revenue grew to $146.5M, but net income declined to $25.3M as the settlement weighed on profitability despite strong gross margins and rising service revenue.
NAPCO Security Technologies reported mixed fiscal Q3 2026 results and raised its cash return to shareholders. Net revenue for the quarter ended March 31, 2026 rose to $49.2 million, up 11.8% from $44.0 million a year earlier, driven by growth in both equipment and service revenue. Gross profit increased to $29.5 million with gross margin improving to 60.0% from 57.2%.
GAAP results were pressured by a $16.0 million litigation settlement cost, leading to an operating loss of $1.2 million and a net loss of $0.4 million, or $(0.01) per diluted share, versus GAAP net income of $10.1 million, or $0.28 per share, in the prior-year quarter.
On a Non-GAAP basis, operating income rose to $14.8 million and net income to $13.9 million, a 36.9% increase, with Non-GAAP diluted EPS of $0.39. Adjusted EBITDA reached a record Q3 level of $15.8 million, up 20.2%, and free cash flow was $16.0 million. The Board declared a quarterly cash dividend of $0.15 per share, payable July 3, 2026 to shareholders of record on June 12, 2026.