0001437749-23-016482.txt : 20230602 0001437749-23-016482.hdr.sgml : 20230602 20230602161016 ACCESSION NUMBER: 0001437749-23-016482 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20230602 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230602 DATE AS OF CHANGE: 20230602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTECH SYSTEMS INC CENTRAL INDEX KEY: 0000722313 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 411681094 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13257 FILM NUMBER: 23988767 BUSINESS ADDRESS: STREET 1: 7550 MERIDIAN CIRCLE N STREET 2: SUITE 150 CITY: MAPLE GROVE STATE: MN ZIP: 55369 BUSINESS PHONE: 952-345-2244 MAIL ADDRESS: STREET 1: 7550 MERIDIAN CIRCLE N STREET 2: SUITE 150 CITY: MAPLE GROVE STATE: MN ZIP: 55369 FORMER COMPANY: FORMER CONFORMED NAME: DSC NORTECH INC DATE OF NAME CHANGE: 19901217 FORMER COMPANY: FORMER CONFORMED NAME: DIGIGRAPHIC SYSTEMS CORP DATE OF NAME CHANGE: 19881113 8-K 1 nsys20230602_8k.htm FORM 8-K nsys20230602_8k.htm
false 0000722313 0000722313 2023-06-02 2023-06-02
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported):  June 2, 2023
 
NORTECH SYSTEMS INCORPORATED
(Exact name of registrant as specified in charter)
 
Minnesota
 
0-13257
 
41-1681094
(State or other jurisdiction
 
(Commission
 
IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
7550 Meridian Circle N. Ste 150, Maple Grove, MN 55369
(Address of principal executive offices)
 
(952) 345-2244
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed from last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class:
 
Trading Symbol(s)
 
Name of each exchange on which registered:
Common Stock, par value $.01 per share
 
NSYS
 
NASDAQ Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
 
Section 5 Corporate Governance and Management
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
 
David Graff, a member of the Board of Directors of Nortech Systems, Incorporated (the “Company”), passed away on May 28, 2023.
 
A copy of the Company’s press release announcing the matters described herein is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference."
 
Item 9.01 Financial Statements and Exhibits
 
99.1
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: June 2, 2023
 
 
Nortech Systems Incorporated
 
(Registrant)
   
 
/s/ Alan K. Nordstrom
 
Alan K. Nordstrom
Interim Chief Financial Officer
 
2
 
 
 
 
 
EX-99.1 2 ex_529084.htm EXHIBIT 99.1 ex_529084.htm

Exhibit 99.1

 

nortech.jpg

 

 

June 2, 2023

 

Nortech Systems Mourns the Loss of Board Member David Graff

 

MINNEAPOLIS, MINNESOTA, USA – It is with great sadness that Nortech Systems Incorporated (Nasdaq: NSYS), announces the death of Board Member David Graff, who passed away on May 28th.

 

“David was a trusted advisor whose guidance and expertise in financial and strategic matters will be deeply missed,” said Jay D. Miller, Nortech’s CEO. “David was a genuinely thoughtful and engaging leader whose warmth and kindness inspired everyone at Nortech. On behalf of the Nortech family, the Board of Directors and all Nortech colleagues, we extend our deepest sympathies to his wife Paula and their daughters, Maggie and Amanda.”

 

Mr. Graff joined the Nortech Board in May 2022 bringing broad experience in financial leadership and global business strategy for companies in a variety of industries. His most recent engagements included companies in digital services, cybersecurity, business services and manufacturing. Mr. Graff retired from Deluxe Corporation in 2019 after 20 years as head of Corporate Development. He previously served in financial and operations leadership roles at Colwell Industries, Inc. and Ecolab Inc. and as an auditor of public and private companies at Arthur Andersen & Co. S.C.

 

Nortech's mission is to deliver value for all Nortech stakeholders by providing extraordinary quality, high-performance, sustainable engineering and manufacturing solutions to help our customers become leaders in reliable digital connectivity and secure data management.

 

About Nortech Systems Incorporated Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia. Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. Nortech’s website is www.nortechsys.com.

 

 

 

Contact Information is:

 

Alan Nordstrom, Interim CFO

anordstrom@nortechsys.com

952-444-3733

 

 
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Document And Entity Information
Jun. 02, 2023
Document Information [Line Items]  
Entity, Registrant Name NORTECH SYSTEMS INCORPORATED
Document, Type 8-K
Document, Period End Date Jun. 02, 2023
Entity, Incorporation, State or Country Code MN
Entity, File Number 0-13257
Entity, Tax Identification Number 41-1681094
Entity, Address, Address Line One 7550 Meridian Circle N. Ste 150
Entity, Address, City or Town Maple Grove
Entity, Address, State or Province MN
Entity, Address, Postal Zip Code 55369
City Area Code 952
Local Phone Number 345-2244
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol NSYS
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000722313
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