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Midas Edge

NORTECH SYSTEMS INC

For the period ended Dec 31, 2025. Filed Mar 26, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 26, 2026

NSYS$10.54-5.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Index to Exhibits

DESCRIPTIONS OF EXHIBITS

3.1Articles of Incorporation (incorporated by reference to Exhibit 3.1 to Amendment No. 1 to Form S-1 filed July 16, 1996 (File No. 333-00888)
10.1Lease Agreement dated April 1, 2015 between the Company and LSOP 3 MN 3, LLC (incorporated by reference to Form 8-K filed April 9, 2015)
10.2Lease Agreement dated November 12, 2015 between the Company and Suzhou Industrial Park Biotech Development Co., Ltd. (incorporated by reference to Form 10-K filed March 22, 2016).
10.32017 Stock Incentive Plan approved by shareholders May 3, 2017 (incorporated by reference to Exhibit A to the Definitive Proxy Statement filed March 22, 2017).**
10.4Lease Agreement dated February 21, 2018 by and between Manufacturing Assembly Solutions of Monterrey, Inc., a wholly owned Mexican subsidiary of the Company, and OPERADORA STIVA, S.A. DE C.V. (incorporated by reference to Exhibit 10.1 to Form 8-K filed February 27, 2018)
10.5Employment Agreement with John Lindeen dated September 9, 2019 (incorporated by reference to Exhibit 10.2 to Form 8-K filed September 11, 2019).**
10.6First Amendment to Lease Agreement dated September 17, 2018 between the Company and AR Meridian Circle Owner, LLC, as successor to LSOP 3 MN 3, LLC. (incorporated by reference to Exhibit 10.21 to Form 10-K filed March 19, 2020).
10.7Lease Agreement between the Company and Essjay Investment Company, LLC dated August 27, 2020 relating to the Company’s Bemidji facility (incorporated by reference to Exhibit 10.1 to Form 8-K filed September 1, 2020)
10.8Lease Agreement between the Company and Essjay Investment Company, LLC dated August 27, 2020 relating to the Company’s Mankato facility (incorporated by reference to Exhibit 10.2 to Form 8-K filed September 1, 2020)
10.9Employment Agreement with Jay D. Miller dated February 27, 2022 (incorporated by reference to Exhibit 10.1 to Form 8-K filed March 3, 2022).**
10.10Employment Agreement with Andrew D. C. LaFrence dated December 1, 2023 (incorporated by reference to Exhibit 10.1 to Form 8-K filed December 5, 2023)**
10.11Credit Agreement dated as of February 29, 2024, by and between Nortech Systems Incorporated and Bank of America, N.A. (incorporated by reference to Exhibit 10.1 to Form 8-K filed March 5, 2024).
10.12Second Amendment to Lease dated 15th day of May, 2024 by and between Sri Management and Consulting LLC, a Minnesota limited liability company as agent for the property owner and Nortech Systems Incorporated, a Minnesota corporation (incorporated by reference to Exhibit 10.1 to Form 8-K filed May 16, 2024)
10.13Amendment No. 1 to Credit Agreement, Waiver, and Consent by and between Nortech Systems Incorporated and Bank of America, N.A. dated March 27, 2025 (incorporated by reference to Exhibit 10.12 to Form 10-K filed March 31, 2025).
10.14First Amendment to Employment Agreement with Jay D. Miller dated March 27, 2025 (incorporated by reference to Exhibit 10.13 to Form 10-K filed March 31, 2025).**
10.15First Amendment to Employment Agreement with Andrew D. C. LaFrence dated March 28, 2025 (incorporated by reference to Exhibit 10.14 to Form 10-K filed March 31, 2025).**
10.16First Amendment to Employment Agreement with John Lindeen dated March 28, 2025 (incorporated by reference to Exhibit 10.15 to Form 10-K filed March 31, 2025).**
10.17Amendment No. 2 to Credit Agreement by and between Nortech Systems Incorporated and Bank of America, N.A. dated May 14, 2025 (incorporated by reference to Exhibit 10.16 to Form 10-Q filed May 14, 2025).
10.18Amendment No. 3 to Credit Agreement by and between Nortech Systems Incorporated and Bank of America, N.A. dated July 29, 2025 (incorporated by reference to Exhibit 10.1 to Form 8-K filed August 1, 2025).
10.19Waiver and Amendment No. 4 to Credit Agreement dated as of February 27, 2026, by and between Nortech Systems Incorporate and Bank of America, N.A. (incorporated by reference to Exhibit 10.1 to Form 8-K filed March 6, 2026).
10.20Credit Agreement dated as of March 20, 2026 by and between Nortech Systems International and Associated Bank, National Association (incorporated by reference to Exhibit 10.1 to Form 8-K filed March 23, 2026.
21Subsidiaries of Nortech Systems Incorporated*
23Consent of Baker Tilly US, LLP*
31.1Certification of the Chief Executive Officer and President pursuant to Rule 13a-20(a) and Rule 15d-20(a), promulgated under the Securities Exchange Act of 1934, as amended.*
31.2Certification of the Chief Financial Officer pursuant to Rule 13a-20(a) and Rule 15d-20(a), promulgated under the Securities Exchange Act of 1934, as amended.*
32.1Certification of the Chief Executive Officer and President and Chief Financial Officer, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
97.1Nortech Systems Incorporated Clawback Policy (incorporated by reference to Exhibit 97.1 to Form 10-K filed March 20, 2024)
101Financial statements from the annual report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL: (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations and Comprehensive Income (Loss), (iii) Consolidated Statements of Cash Flows, and (iv) the Notes to Consolidated Financial Statements.*
104Cover Page Interactive Data File (embedded within the Inline XBRL and contained in Exhibit 101)
*Filed electronically herewith.
**Management contract or compensatory plan or arrangement in which directors or executive officers are eligible to participate.
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.