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 (NSYS) filed its Q3 2025 10‑Q, showing net sales of $30.5 million versus $31.4 million a year ago. Gross margin improved to 16.5% from 12.2%, lifting operating results to $0.9 million of operating income from a prior‑year loss. The quarter ended with a net loss of $0.1 million, compared with a $0.7 million loss last year.
Year‑to‑date, net sales were $88.1 million versus $99.5 million, with operating income of $0.1 million and a net loss of $1.1 million. Aerospace and Defense softness and plant transfers weighed on revenue, while Medical Imaging grew. The 90‑day backlog rose to $31.3 million, up 17.8% from the start of the quarter, and total backlog was $77.3 million. Cash was $1.3 million, and the line of credit balance was $12.0 million, classified as current. Management noted that the revolver maturing on August 31, 2026 initially raised substantial doubt under accounting guidance, but term sheets and a refinancing plan alleviated that doubt. Operating cash flow used was $2.9 million for the first nine months.
Nortech Systems Incorporated reported a planned board transition. Director Debarati Sen notified the company she will not stand for re‑election for the 2026–2027 term and will continue to serve through the annual meeting in May 2026. The company stated her decision was not the result of any disagreement regarding operations, policies, or practices.
This update reflects routine board refreshment disclosed under Item 5.02 of Form 8‑K and does not change the company’s day‑to‑day operations.
Nortech Systems Incorporated reported that Senior Vice President, Global Operations John Lindeen has notified the company of his intention to retire and resign. The company stated that his resignation is not due to any disagreement with its operations, policies, or procedures, indicating a planned transition rather than a dispute.
Lindeen will continue serving as Senior Vice President, Global Operations for the remainder of 2025 and into the first quarter of 2026 to support continuity. Nortech Systems has begun a search for a permanent replacement to lead its global operations after his departure.