Bel Fuse Inc. Amends Executive Employment Agreements for CEO and CFO, Announcing Key Compensation Changes

Bel Fuse Inc. has announced material changes to the employment agreements for its President & CEO, Farouq Tuweiq, and Chief Financial Officer, Lynn Hutkin. The amendments include significant increases in base salaries and target annual variable compensation for both executives. Notably, a larger portion of the variable compensation will now be paid in Restricted Stock Units (RSUs), aligning executive interests more closely with shareholder value and long-term company performance.