UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On May 6, 2024, the registrant issued a press release to report results for the fiscal quarter ended March 31, 2024. This press release is furnished as Exhibit 99.1.
The information in this Current Report on Form 8-K, including the exhibit attached hereto, is furnished pursuant to Item 2.02, and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 2, 2024, Kevin Buchel has been promoted to President & Chief Operating Officer while maintaining his position as Chief Financial Officer. Mr. Buchel will continue to report directly to NAPCO Founder, Richard Soloway, who will continue as Chairman & CEO. Also, Effective May 2, 2024, Michael Carrieri has been promoted to Executive Vice President of Engineering & Chief Technology Officer. On May 2, 2024, Andrew Vuono was appointed as the Company’s Senior Vice President of Finance and Chief Accounting Officer. Mr. Vuono is expected to assume such responsibilities on June 3rd.
On May 2, 2024, the registrant issued a press release announcing the foregoing changes. This press release is furnished as Exhibit 99.2.
Item 7.01. REGULATION FD DISCLOSURE
On May 2, 2024, the Company’s Board of Directors declared a cash dividend of $.10 per share payable on June 24, 2024, to stockholders of record on June 3, 2024. Information regarding this declaration is included in the press release furnished as Exhibit 99.1.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits:
99.1 |
| Press Release issued by Napco Security Technologies, Inc. dated May 6, 2024. |
99.2 |
| Press Release issued by NAPCO Security Technologies, Inc. dated May 2, 2024. |
10 4 | Cover Page Interactive Data File (formatted as Inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized.
| NAPCO SECURITY TECHNOLOGIES, INC. | ||
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Date: May 6, 2024 | By: | /s/ Kevin S. Buchel | |
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| Kevin S. Buchel | |
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| President, Chief Operating Officer & Chief Financial Officer | |