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Bel Fuse Inc./NJ – ‘10-K’ for 12/31/23 – ‘EX-32.1’

On:  Monday, 3/11/24, at 8:27am ET   ·   For:  12/31/23   ·   Accession #:  1437749-24-7265   ·   File #:  0-11676

Previous ‘10-K’:  ‘10-K’ on 3/10/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   11 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/11/24  Bel Fuse Inc./NJ                  10-K       12/31/23  123:12M                                    RDG Filings/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.29M 
 2: EX-21.1     Subsidiaries List                                   HTML     38K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     33K 
 8: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     47K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     39K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     39K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     35K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     35K 
14: R1          Document And Entity Information                     HTML    108K 
15: R2          Consolidated Balance Sheets                         HTML    164K 
16: R3          Consolidated Balance Sheets (Parentheticals)        HTML     58K 
17: R4          Consolidated Statements of Operations               HTML    106K 
18: R5          Consolidated Statements of Comprehensive Income     HTML     64K 
19: R6          Consolidated Statements of Comprehensive Income     HTML     42K 
                (Parentheticals)                                                 
20: R7          Consolidated Statements of Stockholders' Equity     HTML    100K 
21: R8          Consolidated Statements of Stockholders' Equity     HTML     51K 
                (Parentheticals)                                                 
22: R9          Consolidated Statements of Cash Flows               HTML    142K 
23: R10         Note 1 - Description of Business and Summary of     HTML    109K 
                Significant Accounting Policies                                  
24: R11         Note 2 - Investment in Innolectric                  HTML     40K 
25: R12         Note 3 - Divestiture of Subsidiary                  HTML     47K 
26: R13         Note 4 - Revenue                                    HTML    119K 
27: R14         Note 5 - Goodwill and Other Intangible Assets       HTML    104K 
28: R15         Note 6 - Fair Value Measurements                    HTML     95K 
29: R16         Note 7 - Other Assets                               HTML     39K 
30: R17         Note 8 - Inventories                                HTML     43K 
31: R18         Note 9 - Property, Plant and Equipment              HTML     48K 
32: R19         Note 10 - Income Taxes                              HTML    118K 
33: R20         Note 11 - Debt                                      HTML     57K 
34: R21         Note 12 - Accrued Expenses                          HTML     66K 
35: R22         Note 13 - Derivative Instruments and Hedging        HTML     61K 
                Activities                                                       
36: R23         Note 14 - Segments                                  HTML    117K 
37: R24         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     96K 
38: R25         Note 16 - Share-based Compensation                  HTML     53K 
39: R26         Note 17 - Common Stock                              HTML     44K 
40: R27         Note 18 - Leases                                    HTML     93K 
41: R28         Note 19 - Commitments and Contingencies             HTML     44K 
42: R29         Note 20 - Accumulated Other Comprehensive Loss      HTML     75K 
43: R30         Note 21 - Subsequent Events                         HTML     39K 
44: R31         Insider Trading Arrangements                        HTML     44K 
45: R32         Significant Accounting Policies (Policies)          HTML    153K 
46: R33         Note 1 - Description of Business and Summary of     HTML     73K 
                Significant Accounting Policies (Tables)                         
47: R34         Note 3 - Divestiture of Subsidiary (Tables)         HTML     48K 
48: R35         Note 4 - Revenue (Tables)                           HTML    101K 
49: R36         Note 5 - Goodwill and Other Intangible Assets       HTML     94K 
                (Tables)                                                         
50: R37         Note 6 - Fair Value Measurements (Tables)           HTML     88K 
51: R38         Note 8 - Inventories (Tables)                       HTML     43K 
52: R39         Note 9 - Property, Plant and Equipment (Tables)     HTML     46K 
53: R40         Note 10 - Income Taxes (Tables)                     HTML    114K 
54: R41         Note 11 - Debt (Tables)                             HTML     41K 
55: R42         Note 12 - Accrued Expenses (Tables)                 HTML     65K 
56: R43         Note 13 - Derivative Instruments and Hedging        HTML     55K 
                Activities (Tables)                                              
57: R44         Note 14 - Segments (Tables)                         HTML    114K 
58: R45         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     89K 
                (Tables)                                                         
59: R46         Note 16 - Share-based Compensation (Tables)         HTML     46K 
60: R47         Note 18 - Leases (Tables)                           HTML     95K 
61: R48         Note 20 - Accumulated Other Comprehensive Loss      HTML     75K 
                (Tables)                                                         
62: R49         Note 1 - Description of Business and Summary of     HTML     69K 
                Significant Accounting Policies (Details Textual)                
63: R50         Note 1 - Description of Business and Summary of     HTML     41K 
                Significant Accounting Policies - Held to Maturity               
                Securities (Details)                                             
64: R51         Note 1 - Description of Business and Summary of     HTML     63K 
                Significant Accounting Policies - Basic and                      
                Diluted Net Earnings Per Common Share (Details)                  
65: R52         Note 2 - Investment in Innolectric (Details         HTML     58K 
                Textual)                                                         
66: R53         Note 3 - Divestiture of Subsidiary (Details         HTML     37K 
                Textual)                                                         
67: R54         Note 3 - Divestiture of Subsidiary - Assets and     HTML     72K 
                Liabilities Included in Sale (Details)                           
68: R55         Note 4 - Revenue (Details Textual)                  HTML     42K 
69: R56         Note 4 - Revenue - Disaggregation of Revenue by     HTML     62K 
                Product Group and Sales Channel (Details)                        
70: R57         Note 4 - Revenue - Contract Assets and Contract     HTML     45K 
                Liabilities (Details)                                            
71: R58         Note 5 - Goodwill and Other Intangible Assets       HTML     53K 
                (Details Textual)                                                
72: R59         Note 5 - Goodwill and Other Intangible Assets -     HTML     48K 
                Goodwill (Details)                                               
73: R60         Note 5 - Goodwill and Other Intangible Assets -     HTML     41K 
                Estimated Fair Values Over Carrying Value,                       
                Including Goodwill (Details)                                     
74: R61         Note 5 - Goodwill and Other Intangible Assets -     HTML     55K 
                Components of Definite and Indefinite-lived                      
                Intangible Assets (Details)                                      
75: R62         Note 5 - Goodwill and Other Intangible Assets -     HTML     43K 
                Estimated Amortization Expense (Details)                         
76: R63         Note 6 - Fair Value Measurements (Details Textual)  HTML     58K 
77: R64         Note 6 - Fair Value Measurements - Fair Value       HTML     65K 
                Assets by Investment Category (Details)                          
78: R65         Note 6 - Fair Value Measurements - Fair Value of    HTML     63K 
                Derivative Financial Instruments (Details)                       
79: R66         Note 7 - Other Assets (Details Textual)             HTML     50K 
80: R67         Note 8 - Inventories - Components of Inventories    HTML     42K 
                (Details)                                                        
81: R68         Note 9 - Property, Plant and Equipment (Details     HTML     37K 
                Textual)                                                         
82: R69         Note 8 - Property, Plant and Equipment, Net -       HTML     48K 
                Property, Plant and Equipment (Details)                          
83: R70         Note 10 - Income Taxes (Details Textual)            HTML     66K 
84: R71         Note 10 - Income Taxes - Liability for Uncertain    HTML     41K 
                Tax Positions (Details)                                          
85: R72         Note 10 - Income Taxes - Provision (Benefit) for    HTML     58K 
                Income Taxes (Details)                                           
86: R73         Note 10 - Income Taxes - Reconciliation of Taxes    HTML     72K 
                on Income (Details)                                              
87: R74         Note 10 - Income Taxes - Components of Deferred     HTML     66K 
                Income Tax Assets (Details)                                      
88: R75         Note 11 - Debt (Details Textual)                    HTML     99K 
89: R76         Note 11 - Debt - Scheduled Principal Payments       HTML     53K 
                (Details)                                                        
90: R77         Note 12 - Accrued Expenses (Details Textual)        HTML     37K 
91: R78         Note 12 - Accrued Expenses - Accrued Expenses       HTML     51K 
                (Details)                                                        
92: R79         Note 12 - Accrued Expenses - Activity and           HTML     47K 
                Liability Balances Related to Restructuring Costs                
                (Details)                                                        
93: R80         Note 13 - Derivative Instruments and Hedging        HTML     45K 
                Activities (Details Textual)                                     
94: R81         Note 13 - Derivative Instruments and Hedging        HTML     41K 
                Activities - Derivative Financial Instruments                    
                Effects on Accumulated Other Comprehensive Loss                  
                (Details)                                                        
95: R82         Note 13 - Derivative Instruments and Hedging        HTML     37K 
                Activities - (Losses) Gains Recognized on                        
                Derivatives Instruments Not Designated as Hedging                
                (Details)                                                        
96: R83         Note 14 - Segments (Details Textual)                HTML     57K 
97: R84         Note 14 - Segments - Segments (Details)             HTML     73K 
98: R85         Note 14 - Segments - Net Sales to External          HTML     57K 
                Customers by Geographic Area and by Major Product                
                Line (Details)                                                   
99: R86         Note 14 - Segments - Long-lived Assets by           HTML     42K 
                Geographic Area (Details)                                        
100: R87         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     87K  
                (Details Textual)                                                
101: R88         Note 15 - Retirement, Savings and Deferred          HTML     45K  
                Compensation Plans - Components of SERP Expense                  
                (Details)                                                        
102: R89         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     56K  
                - Changes in Plan Assets and Benefit Obligation                  
                (Details)                                                        
103: R90         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     45K  
                - Benefit Payments Expected to be Paid (Details)                 
104: R91         Note 15 - Retirement, Savings and Deferred          HTML     41K  
                Compensation Plans - Amounts Recognized in                       
                Accumulated Other Comprehensive Loss (Details)                   
105: R92         Note 15 - Retirement Fund and Profit Sharing Plan   HTML     42K  
                - Weighted Average Assumptions Used in Determining               
                the Periodic Net Cost and Benefit Obligation                     
                (Details)                                                        
106: R93         Note 16 - Share-based Compensation (Details         HTML     57K  
                Textual)                                                         
107: R94         Note 16 - Share-based Compensation - Summary of     HTML     57K  
                Restricted Stock Activity (Details)                              
108: R95         Note 17 - Common Stock (Details Textual)            HTML     45K  
109: R96         Note 18 - Leases (Details Textual)                  HTML     36K  
110: R97         Note 18 - Leases - Components of Lease Expense      HTML     55K  
                (Details)                                                        
111: R98         Note 18 - Leases - Supplemental Cash Flow           HTML     43K  
                Information Related to Leases (Details)                          
112: R99         Note 18 - Leases - Supplemental Balance Sheet       HTML     59K  
                Information (Details)                                            
113: R100        Note 18 - Leases - Maturities of Lease Liabilities  HTML     74K  
                (Details)                                                        
114: R101        Note 19 - Commitments and Contingencies (Details    HTML     51K  
                Textual)                                                         
115: R102        Note 20 - Accumulated Other Comprehensive Loss -    HTML     47K  
                Accumulated Other Comprehensive Loss (Details)                   
116: R103        Note 20 - Accumulated Other Comprehensive Loss -    HTML     40K  
                Accumulated Other Comprehensive Loss (Details)                   
                (Parentheticals)                                                 
117: R104        Note 20 - Accumulated Other Comprehensive Loss -    HTML     64K  
                Changes in Accumulated Other Comprehensive Loss by               
                Component (Details)                                              
118: R105        Note 21 - Subsequent Events (Details Textual)       HTML     42K  
120: XML         IDEA XML File -- Filing Summary                      XML    235K  
123: XML         XBRL Instance -- belfb20231231_10k_htm               XML   2.95M  
119: EXCEL       IDEA Workbook of Financial Report Info              XLSX    188K  
10: EX-101.CAL  XBRL Calculations -- belfa-20231231_cal              XML    248K 
11: EX-101.DEF  XBRL Definitions -- belfa-20231231_def               XML   2.05M 
12: EX-101.LAB  XBRL Labels -- belfa-20231231_lab                    XML   1.58M 
13: EX-101.PRE  XBRL Presentations -- belfa-20231231_pre             XML   2.09M 
 9: EX-101.SCH  XBRL Schema -- belfa-20231231                        XSD    282K 
121: JSON        XBRL Instance as JSON Data -- MetaLinks              707±  1.14M  
122: ZIP         XBRL Zipped Folder -- 0001437749-24-007265-xbrl      Zip    458K  


‘EX-32.1’   —   Certification — §906 – SOA’02


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Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the annual report of Bel Fuse Inc. (the "Company") on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the "Report"), I, Daniel Bernstein, as President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

 

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

   

(2)

The information contained in the Report fairly presents, in all material respects, the consolidated financial condition of the Company as of the dates presented and consolidated results of operations of the Company for the periods presented.

   

Date:  March 11, 2024

/s/ Daniel Bernstein

 

Daniel Bernstein

 

President and Chief Executive Officer

(Principal Executive Officer)

 

 

Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/11/24None on these Dates
For Period end:12/31/23
 List all Filings 


11 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/25/23  Bel Fuse Inc./NJ                  8-K:2,5,9  10/25/23   13:757K                                   RDG Filings/FA
 3/10/23  Bel Fuse Inc./NJ                  10-K       12/31/22  121:13M                                    RDG Filings/FA
11/04/22  Bel Fuse Inc./NJ                  10-Q        9/30/22   80:7.1M                                   RDG Filings/FA
 5/06/22  Bel Fuse Inc./NJ                  10-Q        3/31/22   79:5.4M                                   RDG Filings/FA
 3/14/22  Bel Fuse Inc./NJ                  10-K       12/31/21  117:11M                                    RDG Filings/FA
12/10/21  Bel Fuse Inc./NJ                  8-K:2,9    12/06/21   15:1.2M                                   RDG Filings/FA
 6/12/20  Bel Fuse Inc./NJ                  8-K:5,9     6/10/20    2:183K                                   RDG Filings/FA
 4/15/11  Bel Fuse Inc./NJ                  DEF 14A     5/17/11    1:600K
 4/23/07  Bel Fuse Inc./NJ                  8-K:5,9     4/17/07    2:185K                                   Toppan Merrill/FA
 3/29/00  Bel Fuse Inc./NJ                  10-K       12/31/99    5:94K                                    Scott Printing Co… 01/FA
 8/11/98  Bel Fuse Inc./NJ                  10-Q        6/30/98    3:74K                                    Scott Printing Co… 01/FA
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Filing Submission 0001437749-24-007265   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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