Welcome to our dedicated page for Nortech Sys SEC filings (Ticker: NSYS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Nortech Systems Incorporated filings document the regulatory record of a Nasdaq-listed electronic manufacturing services company serving medical, medical imaging, aerospace and defense, and industrial markets. Its Form 8-K reports include quarterly results releases, credit-facility agreements, covenant waivers, debt-financing terms and corporate governance updates tied to executive and board changes.
The company’s proxy materials cover annual shareholder meeting matters, including director elections, advisory executive-compensation votes, auditor ratification and equity plan approvals. Filing disclosures also identify its common stock registration on the Nasdaq Capital Market and provide formal records of capital-structure, governance and operating-performance events.
Nortech Systems Incorporated reported the results of its annual meeting of shareholders held on May 13, 2026. Shareholders voted on the election of directors to the board.
Each of the six director nominees received strong support, with votes for each candidate around 1.59–1.60 million and only a few thousand votes withheld. There were 401,530 broker non-votes recorded for each nominee, indicating some shares were not voted on the election proposal. As a result, all listed nominees were elected to continue serving on the company’s board of directors.
Nortech Systems Incorporated reported improved first quarter 2026 results. Net sales rose to $30.3 million from $26.9 million in Q1 2025, driven by growth across key end markets. Gross profit increased to $4.7 million from $3.1 million while operating expenses were essentially flat, resulting in income from operations of $47 thousand versus a prior-year loss.
The company’s net loss narrowed sharply to $34 thousand, or $0.01 per basic share, compared with a $1.3 million loss, or $0.48 per share, a year earlier. Adjusted EBITDA turned positive at $350 thousand, compared with a $1.0 million loss. The 90-day backlog reached $31.5 million and total backlog was $90.8 million as of March 31, 2026, and the company closed on $17.2 million of debt financing to support its operations and strategy.
Nortech Systems reported higher sales and sharply improved profitability for the quarter ended March 31, 2026. Net sales rose to $30,316 from $26,895, led by growth in Medical Imaging and Aerospace and Defense.
Gross profit increased to $4,702, lifting gross margin to 15.5% from 11.4%, as plant utilization improved after prior restructuring. The company posted a small net loss of $34, significantly better than the $1,316 loss a year earlier.
Operating cash outflow narrowed to $1,561, while cash and restricted cash ended at $2,208. A new $15,000 Associated Bank revolving credit facility and a $2,200 term loan, maturing in 2029, refinanced the prior revolver and support liquidity. Total backlog climbed to $90,802, up strongly year over year, with particular strength in Aerospace and Defense.
Nortech Systems Incorporated filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025, solely to add conformed signatures and updated CEO/CFO certifications; no financial statements or other disclosures were changed.
The company provides engineering and manufacturing services for complex electromedical, aerospace and defense, and industrial products from facilities in the U.S., Mexico and China. In 2025, net sales were $118,365 thousand with over 50% from medical-related markets, one customer represented 32.2% of net sales, and year-end total backlog was $77,343 thousand. Non‑affiliate market value was $11.81 million at a share price of $8.93, with 2,786,134 shares outstanding as of February 28, 2026.
Nortech Systems Incorporated calls a virtual annual shareholder meeting on May 13, 2026. Shareholders of record as of March 20, 2026, when 2,786,134 common shares were outstanding, may vote online.
Investors will elect six directors, cast an advisory Say‑on‑Pay vote on named executive officer compensation, ratify Baker Tilly US, LLP as auditor for 2026, and vote on a new 2026 Equity Incentive Plan authorizing up to 250,000 shares plus any remaining shares from the 2017 plan. The company is a Nasdaq “controlled company,” with a Kunin family group holding 52.9% of voting power, yet the board currently has a majority of independent directors and fully independent audit, compensation and nominating committees.
Nortech Systems Incorporated reported improved fourth-quarter 2025 results, returning to profitability on higher margins despite lower full-year sales. For Q4 2025, net sales were $30.3 million, up from $28.6 million a year earlier, while net income reached $897 thousand, or $0.32 per basic share, compared with a loss of $1.5 million, or $(0.54) per share, in Q4 2024. Gross profit nearly doubled to $5.1 million and adjusted EBITDA improved to $1.2 million from a loss in the prior-year quarter.
For full-year 2025, net sales were $118.4 million versus $128.1 million in 2024, but the net loss narrowed to $252 thousand from $1.3 million, and adjusted EBITDA rose to $2.5 million from $2.1 million. The company reported a 90‑day backlog of $27.3 million as of December 31, 2025 and closed $17.2 million of debt financing, while emphasizing ongoing restructuring benefits, margin gains, and an AS9100:D certification at its Monterrey facility.
Nortech Systems Incorporated reported 2025 net sales of $118,365 thousand, down 7.6% from 2024, as Medical Device, Industrial, and Aerospace & Defense volumes softened while Medical Imaging grew. Despite lower revenue, gross margin improved to 15.2% from 13.1%, helped by better plant utilization and business mix.
The company generated operating income of $975 thousand but recorded a small net loss of $252 thousand. Backlog strengthened, with total orders rising 17.4% to $77,343 thousand and 90‑day backlog up 3.2%, reflecting demand and shipment timing. One customer accounted for 32.2% of 2025 net sales, underscoring customer concentration risk.
Nortech operates EMS facilities in Minnesota, Mexico, and China, serving Medical Device, Medical Imaging, Aerospace & Defense, and Industrial OEMs. It invested $1,172 thousand in research and development and ended the year with 685 full‑time employees. The company has a new asset‑based credit facility providing up to $15,000 thousand in revolving capacity plus a $2,200 thousand term loan, subject to financial covenants such as a 1.10x fixed charge coverage ratio.
Nortech Systems Incorporated entered into a new Credit and Security Agreement with Associated Bank that provides a revolving credit facility of up to $15,000,000 and a $2,200,000 term loan. This replaces the company’s prior facility that was due to mature in August 2026.
The new facility includes a $1,500,000 letter-of-credit sublimit, is secured by substantially all U.S. assets, and the revolver and term loan each mature in March 2029. Borrowings bear interest at a base rate or one- or three-month Term SOFR plus 2.00% for revolver borrowings and 2.25% for the term loan.
The agreement includes customary covenants limiting additional debt, liens, investments, asset sales, dividends, and certain transactions without lender consent. Nortech must maintain a Fixed Charge Coverage Ratio of 1.10 to 1.00 and comply with broad event-of-default provisions, including non-compliance, change of control, destruction of collateral, or a material adverse effect.
Nortech Systems Incorporated entered into a Waiver and Amendment No. 4 to its Credit Agreement with Bank of America on February 27, 2026. Bank of America waived financial covenant defaults tied to the company’s consolidated leverage ratio, fixed charge coverage ratio, and consolidated EBITDA for the quarter ended December 31, 2025.
The amendment revises key credit terms, including borrowing base mechanics, financial covenants with new EBITDA thresholds, revolving commitment levels, and an increase in the applicable borrowing rate. The company reports ongoing operating benefits from earlier restructuring and is negotiating a new asset-backed lending facility, which it expects to close in the near term.
Nortech Systems Incorporated furnished an update on its recent performance by referencing a news release titled “Nortech Systems Reports Third Quarter Results.” The release covers the company’s consolidated results and financial condition for the third quarter ended September 30, 2025.
The news release, dated November 13, 2025 and attached as Exhibit 99.1, contains the detailed financial and operating results, while this report serves to formally provide that information to the market.