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    Nortech Systems Incorporated filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

    11/27/24 4:38:46 PM ET
    $NSYS
    Industrial Machinery/Components
    Technology
    Get the next $NSYS alert in real time by email
    false 0000722313 0000722313 2024-11-22 2024-11-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    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): November 22, 2024

     

    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, 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. ☐

     

     

     

     
     

     

    Item 1.01 Entry into a Material Definitive Agreement

     

    On November 22, 2024, Nortech Systems Incorporated (the “Company”) completed an amendment to the lease on its Milaca, Minnesota facility to extend the term to June 30, 2030. The lease amendment also includes an option to renew the lease for an additional 5-year period.

     

    Item 9.01 Financial Statements and Exhibits

     

    10.1

    2024 Amendment to Lease Agreement for Milaca facility between the Company and Pakonen-Kolb, LLC
    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: November 27, 2024

     

      Nortech Systems Incorporated
      (Registrant)
       
      /s/ Andrew D. C. LaFrence
     

    Andrew D. C. LaFrence

      Chief Financial Officer and SVP Finance

     

     

     

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