Nortech Systems Inc (NSYS)
NASDAQHealth CareMedical - DevicesSnapshot 2026-09-04
NASDAQHealth CareMedical - DevicesSnapshot 2026-09-04
QuarterlyIQ Insights · NSYS
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Results of Operations and Financial Condition The Registrant issued a news release on August 12, 2026, entitled “Nortech Systems Reports Second Quarter Results” regarding its consolidated results and financial condition for the second quarter ended June 30, 2026. A copy of this news release is attached hereto as Exhibit 99.1.
Results of Operations and Financial Condition The Registrant issued a news release on May 13, 2026, entitled “Nortech Systems Reports First Quarter Results” regarding its consolidated results and financial condition for the first quarter ended March 31, 2026. A copy of this news release is attached hereto as Exhibit 99.1.
Results of Operations and Financial Condition The Registrant issued a news release on March 26, 2026, entitled “Nortech Systems Reports Fourth Quarter Results” regarding its consolidated results and financial condition for the fourth quarter ended December 31, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Entry into a Material Definitive Agreement On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000, subject to a borrowing base based on eligible accounts receivable, inventory and fixed assets, and a $2,200,000 term loan (the “Associated Facility”). The new Associated Facility replaces our existing credit facility, which was scheduled to mature in August 2026. The As…
Entry into a Material Definitive Agreement On February 27, 2026, Nortech Systems Incorporated (the “Company”) entered into a Waiver and Amendment No. 4 to its Credit Agreement with Bank of America, N.A., dated February 27, 2026 (“Waiver and Amendment”). Under the Waiver and Amendment, Bank of America waived certain financial covenant defaults related to the Company’s Consolidated Leverage Ratio, Fixed Charge Coverage Ratio, and Consolidated EBITDA for the quarter ended December 31, 2025. The…
Senior Vice President of Global Operations — Andrew Walko: Andrew Walko was promoted to Senior Vice President of Global Operations, replacing John Lindeen who is retiring.
Results of Operations and Financial Condition The Registrant issued a news release on November 13, 2025, entitled “Nortech Systems Reports Third Quarter Results” regarding its consolidated results and financial condition for the third quarter ended September 30, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Director — Debarati Sen: Ms. Debarati Sen will not stand for re-election as a member of the Board of Directors.
Senior Vice President, Global Operations — John Lindeen: John Lindeen intends to retire and resign from his position as Senior Vice President, Global Operations.
Results of Operations and Financial Condition The Registrant issued a news release on August 7, 2025, entitled “Nortech Systems Reports Second Quarter Results” regarding its consolidated results and financial condition for the second quarter ended June 30, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Entry into a Material Definitive Agreement On July 29, 2025, we amended our $15 million senior secured revolving line of credit with Bank of America, NA. to extend the expiration to August 31, 2026.
Entry into a Material Definitive Agreement On June 16, 2025, Nortech Systems Incorporated (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Clark Equities LLC (“Buyer”), pursuant to which the Company agreed to sell its facility located at 1930 W 1 st Street, Blue Earth, MN, for a purchase price of $0.5 million. The transaction is expected to close on or before July 16, 2025, subject to customary closing conditions, including satisfactory completion of due dilig…
Results of Operations and Financial Condition The Registrant issued a news release on May 14, 2025, entitled “Nortech Systems Reports First Quarter Results” regarding its consolidated results and financial condition for the first quarter ended March 31, 2025. A copy of this news release is attached hereto as Exhibit 99.1.
Results of Operations and Financial Condition The Registrant issued a news release on March 31, 2025, entitled “Nortech Systems Reports Fourth Quarter Results” regarding its consolidated results and financial condition for the fourth quarter ended December 31, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Director — Dan Sachs: Mr. Sachs will not stand for re-election as a member of the Board of Directors.
Entry into a Material Definitive Agreement On November 22, 2024, Nortech Systems Incorporated (the “Company”) completed an amendment to the lease on its Milaca, Minnesota facility to extend the term to June 30, 2030. The lease amendment also includes an option to renew the lease for an additional 5-year period.
Results of Operations and Financial Condition The Registrant issued a news release on November 7, 2024, entitled “Nortech Systems Reports Third Quarter Results” regarding its consolidated results and financial condition for third quarter ended September 30, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Results of Operations and Financial Condition The Registrant issued a news release on August 8, 2024, entitled “Nortech Systems Reports Second Quarter Results” regarding its consolidated results and financial condition for second quarter ended June 30, 2024. A copy of this news release is attached hereto as Exhibit 99.1.
Entry into a Material Definitive Agreement Amended Maple Grove, Minnesota Lease On May 15, 2024, Nortech Systems Incorporated (the "Company”) completed an amendment to its Maple Grove, Minnesota facility to extend the lease through August 31, 2033 and reduce its leased space by approximately 30%.
Costs Associated with Exit or Disposal Activities On May 16, 2024, the Registrant issued a press release, attached hereto as Exhibit 99.1, announcing that the Registrant will close its manufacturing plant located in Blue Earth, Minnesota and relocate the production of products made in that facility to its facility in Bemidji, Minnesota. The registrant further announced that it expects this closure to result in out-of-pocket expenses for employee severance and other plant closure expenses of a…
Results of Operations and Financial Condition The Registrant issued a news release on May 16, 2024, entitled "Nortech Systems Reports First Quarter Results and Actions to Reduce Facilities Costs” regarding its consolidated results and financial condition for first quarter ended March 31, 2024 and recent facility consolidation and optimization activities. A copy of this news release is attached hereto as Exhibit 99.1.
Results of Operations and Financial Condition The Registrant issued a news release on March 20, 2024, entitled "Nortech Systems Reports Fourth Quarter and Full Year 2023 Results” regarding its consolidated results and financial condition for the fourth quarter and year ended December 31, 2023. A copy of this news release is attached hereto as Exhibit 99.1.
Entry into a Material Definitive Agreement On February 29, 2024, we replaced our asset backed line of credit agreement with $15 million Senior Secured Revolving Line of Credit with Bank of America, N.A. (the “Revolver”). The maturity date of the Revolver is February 29, 2027. The Revolver allows for borrowings at a defined base rate, or at the one, three or six month Secured Overnight Finance Rate, also known as “SOFR”, plus a defined margin. If we prepay SOFR borrowings before their contract…
Director — Steven Rosenstone: Mr. Rosenstone decided not to stand for re-election as a member of the Board.
Chief Financial Officer and Senior Vice President of Finance — Andrew D.C. LaFrence: Mr. Andrew D.C. LaFrence was hired as the new Chief Financial Officer and Senior Vice President of Finance.
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