Bel Fuse Inc.

06/08/2024 | Press release | Distributed by Public on 06/08/2024 17:52

Code of Ethics Form 8 K

Item 5.05.Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics.
On August 3, 2024, the Board of Directors of the Company (the "Board") of Bel Fuse Inc. (the "Company") adopted and approved, based on the recommendation of the Audit Committee of the Board, certain amendments to the Company's Code of Ethics that applies to all directors, officers and employees of the Company (the "Code" or the "Code of Ethics"). The existing Code was refreshed and updated by further enhancing and clarifying the Code's standards requiring compliance with applicable governmental laws, rules, and regulations as well as Company policies and procedures. The amendments include the addition of express provisions relating to (i) compliance with anti-money laundering laws; (ii) compliance with trade controls and sanctions laws, regulations, and restrictions; (iii) minimizing the risk of counterfeit or non-authentic parts in Bel's manufacturing processes; and (iv) compliance with conflict minerals laws, regulations, and corresponding Bel policies and procedures.
The foregoing summary of the amendments to the Code is qualified in its entirety by the full text of the amended and restated Code of Ethics, adopted and effective August 3, 2024, which is attached hereto as Exhibit 14.1, and is incorporated herein by reference. The updated Code of Ethics will also be posted in the "Investors" section of the Company's website, www.belfuse.com, under Corporate Governance as soon as practicable.