Surge Components, Inc. filings document governance and shareholder-meeting matters for an OTC Pink electronics component supplier. The company’s proxy materials and related 8-K disclosures cover annual meeting procedures, director elections, auditor ratification, voting results, board matters, and public-company compliance items.
These filings provide formal records tied to Surge’s corporate governance structure, stockholder votes, and disclosure obligations alongside its operating identity as a supplier of capacitors, discrete semiconductors, switches, and audible or sounding devices.
Surge Components, Inc. reported nine-month net sales of $27,645,586 for the period ended August 31, 2026, up 4.6% from $26,422,494. Gross profit rose 6.1% to $8,037,984, while net income declined to $590,815 from $647,525. For the three months ended August 31, 2026, sales were $10,089,985, down 1.8% from $10,274,031, and net income was $220,532 versus $472,205 a year earlier.
Operating cash flow for the nine months ended August 31, 2026 was $703,533, compared with $184,801 a year earlier. At August 31, 2026, cash was $4,715,674, marketable securities were $9,514,350, working capital was $21,186,894, and the Credit Line balance was $0. Marketable securities consisted of U.S. Treasury bills and Treasury notes. The company said it believes working capital is adequate for operating requirements during the next twelve months. Tariff costs passed on to customers were $443,759, compared with $700,253 in the same period of 2025. Management cited tariffs, inflation, delayed customer approvals and product shortages as challenges, and said it was evaluating growth and expansion opportunities using company cash resources.
Surge Components, Inc. reported higher profitability for the six months ended May 31, 2026. Net sales were $17,555,601, up from $16,148,463, while gross profit rose to $5,298,732. Gross margin improved to 30.2% from 29.3%. Net income increased to $370,283 from $175,320, and three-month net income was $404,558 versus $117,964.
Selling and shipping expenses grew as the company added sales staff and higher commissions, while general and administrative costs declined slightly, helped by lower stock-based compensation. Other income reached $212,734, mainly from U.S. Treasury investments, and the effective tax rate was 28%.
Liquidity remains strong, with $5,231,528 in cash, $9,800,386 in marketable securities and working capital of $21,094,357. There were no borrowings on the $3,000,000 credit line, and lease liabilities totaled $1,072,122. The business continues to face customer and supplier concentration, tariffs, and global supply-chain and geopolitical risks, but management describes its outlook as cautiously optimistic.
Surge Components, Inc. reported higher sales but a small loss for the quarter ended February 28, 2026. Net sales rose 13.3% to $8,193,907, driven by growth from both new and existing customers. Gross profit increased 17.7% to $2,408,409, and gross margin improved to 29.4% from 28.3%, helped by higher-margin products and passing through some tariff costs.
Operating expenses grew faster than sales, with selling and shipping up 27.7% and general and administrative costs up 24.8%, reflecting added staff, commissions and higher public company expenses. The company swung to a net loss of $34,275 versus prior-year net income of $57,356. Cash flow from operations strengthened to $1,090,562, supporting cash of $6,448,930, marketable securities of $8,363,700 and working capital of $20,634,936, which management believes is sufficient for the next twelve months.
SURGE COMPONENTS INC CEO, CFO & President Ira Levy received a grant of 19,130 stock options on Common Stock as compensation. The options have an exercise price of $3.45 per share and expire on March 20, 2031. Following this grant, he holds 69,130 stock options directly.
Surge Components, Inc. reports higher sales and profit for the year ended November 30, 2025. Net sales rose to $36,320,105, up 16.4% from the prior year, helped by growth from both new and existing customers and stronger distribution-channel demand.
Gross profit increased to $10,455,171 with gross margin edging up to 28.8%, while net income improved to $1,136,713 from $825,677. The company ended the year with cash of $5,331,609, marketable securities of $8,438,017, working capital of $20,763,574, inventory of $5,086,298, and backlog of about $12,012,000.
Zeff Capital, LP, Zeff Holding Company, LLC and Daniel Zeff report a passive ownership stake in Surge Components, Inc. common stock on an amended Schedule 13G. The group reports beneficial ownership of 462,215 shares, representing 8.1% of the outstanding common stock, based on 5,706,732 shares outstanding as of October 11, 2025, as disclosed by the company.
All three reporting persons list the same share amount and percentage and describe shared power to vote and dispose of these shares, with no sole voting or dispositive power. They certify that the securities were not acquired to change or influence control of Surge Components and are not held in connection with any control-related transaction, indicating a passive investment stance rather than an activist position.
Surge Components, Inc. reported the results of its 2025 Annual Meeting of stockholders held on November 25, 2025. Stockholders elected six directors — Ira Levy, Steven J. Lubman, Alan Plafker, Peter Levy, Lawrence Chariton, and Gary Jacobs — to serve until the 2026 annual meeting, with each nominee receiving a substantial majority of votes cast, alongside broker non-votes.
Stockholders also ratified the appointment of Seligson & Giannattasio, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, with 4,243,348 votes for, 18,295 against, and 169,646 abstentions. In addition, stockholders approved a proposal to ratify an amendment to the company’s rights plan to amend and extend the plan for three years, with 2,650.921 votes for, 401,410 against, 44,734 abstentions, and 1,334,224 broker non-votes.
Surge Components, Inc. called its virtual Annual Meeting for November 25, 2025 at 10:00 a.m. ET. Stockholders will vote on three items: electing six directors; ratifying Seligson & Giannattasio, LLP as independent auditor for the fiscal year ending November 30, 2025; and ratifying an amendment to the stockholder rights plan.
The rights plan proposal would extend the plan to October 7, 2028 and raise the trigger at which a holder becomes an “Acquiring Person” from 4.99% to 9.99%. If stockholders do not ratify this amendment, the plan will terminate after the meeting. The Board states the plan was adopted to protect stockholder value and, historically, potential NOLs.
Directors are elected by plurality, while auditor ratification and the rights plan amendment require a majority of shares present and entitled to vote. The Board recommends voting FOR all proposals. The record date is October 20, 2025. Shares outstanding were 5,706,732 as of that date.
Zeff Capital, Zeff Holding Company, and Daniel Zeff filed a Schedule 13G reporting beneficial ownership of 335,000 shares of Surge Components, Inc. common stock, representing 5.9% of the class. The group reports shared voting and dispositive power over all 335,000 shares and no sole power.
The ownership percentage is calculated using 5,706,732 shares outstanding as of October 11, 2025, as cited from the company’s Form 10‑Q for the quarter ended August 31, 2025. The filing is certified under Schedule 13G that the securities were not acquired to change or influence control.
Surge Components (SPRS) calls its 2025 annual meeting for November 25, 2025 at 10:00 a.m. ET, to be held virtually. Stockholders will vote to elect six directors, ratify Seligson & Giannattasio, LLP as independent auditor for the fiscal year ending November 30, 2025, and ratify an amendment to the stockholder rights plan to extend it to October 7, 2028 and raise the trigger for an “Acquiring Person” from 4.99% to 9.99%.
The Board recommends voting FOR all nominees and FOR Proposals 2 and 3. The record date is October 20, 2025. Directors are elected by plurality; Proposal 2 and Proposal 3 each require a majority of the voting power of shares present and entitled to vote. As of October 20, 2025, shares outstanding were 5,706,732, each entitled to one vote.
The company notes the plan’s deterrent features and that holders at or above 9.99% as of October 7, 2025 are limited from further acquisitions without triggering the plan. Voting is available by mail, email, fax, or online during the virtual meeting.