Loading...
Docoh

Bel Fuse (BELFA)

Employees
Data from SEC filings
Employee count
CEO pay ratio
CEO Salary
Median Employee Salary
ESG framework mentions
In last year of SEC filings
Sustainability Accounting Standards Board (SASB)
No mentions
Global Reporting Initiative (GRI)
No mentions
Task Force on Climate-related Financial Disclosures (TCFD)
No mentions
UN Sustainable Development Goals (SDGs)
No mentions
Shareholder alignment
Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM

On May 18, 2021, Bel Fuse Inc. (the "Company") held its Annual Meeting of Shareholders, for which the Board of Directors solicited proxies. At the Annual Meeting, the shareholders voted on the following proposals, as described in the Company's definitive proxy materials filed with the Securities and Exchange Commission on April 8, 2021.

As indicated in the Company's proxy statement, holders of record of the Company's Class A Common Stock at the close of business on March 23, 2021 (the record date fixed by the Board of Directors) were entitled to receive notice of, and to vote at, the Annual Meeting. At the close of business on the record date, there were 2,144,912 shares of Class A Common Stock outstanding. However, as a result of protective provisions in the Company's Certificate of Incorporation described in the proxy statement, the voting rights of one shareholder of the Company, GAMCO Investors, Inc. et. al. ("GAMCO"), which beneficially owned 409,600 shares of Class A Common Stock on the record date, were suspended and were not entitled to vote at the Annual Meeting. Accordingly a total of 1,735,312 shares of Class A Common Stock were entitled to vote at the Annual Meeting, each of which was entitled to one vote on all matters.

A total of 1,560,956 shares of Class A Common Stock were represented in person or by proxy at the Annual Meeting and entitled to vote. The final voting results from the Annual Meeting are as follows:

Proposal 1: The election of three persons, named in the proxy statement, to serve as directors for three-year terms. The following is a list of the directors elected at the Annual Meeting and the number of votes For and Withheld, as well as the number of Broker Non-Votes:


NameForWithheldBroker Non-Votes
John F. Tweedy1,379,892114,35866,706
Mark B. Segall1,384,196110,05466,706
Eric Nowling1,384,642109,60866,706


Proposal 2: The ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2021. This proposal was approved by the following votes (there were no Broker Non-Votes):

ForAgainstAbstentions
1,523,59536,3351,026





Proposal 3: The approval, on an advisory basis, of the executive compensation of the Company's named executive officers as described in the proxy statement. This proposal was approved by the following votes:

ForAgainstAbstentionsBroker Non-Votes
1,382,83137,02674,39366,706