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Home › Companies › BEL FUSE INC. › 2024-2025

BEL FUSE INC. 2024-2025 Proxy Voting Records

At BEL FUSE INC.'s shareholder meeting held May 27, 2025, in the 2024-2025 proxy season, 83 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 634 separate fund positions. On the most widely held item on that ballot — WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S… — BEL FUSE INC.'s filing reports the proposal as approved, with 99.0% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: BEL FUSE INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 28, 2025.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings and BEL FUSE INC.’s Form 8-K, filed May 28, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.

  • 6Ballot items
  • 83Asset managers
  • 634Fund votes
  • May 27, 2025Meeting date

Results at a glance

Meeting of May 27, 2025: 6 items on BEL FUSE INC.’s Form 8-K, filed May 28, 2025: 2 approved · 4 without a stated outcome.

Material dissent

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2024-2025 2025-2026

Explore BEL FUSE INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by BEL FUSE INC.

These tallies are BEL FUSE INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 28, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

BEL FUSE INC. — official shareholder meeting results, meeting held May 27, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Daniel Bernstein 1,617,544---- 157,243226,857 91%Not verified—
Elect Director: Peter Gilbert 1,465,035---- 309,752226,857 83%Not verified—
Elect Director: Farouq Tuweiq 1,771,121---- 3,666226,857 99.7%Not verified—
Elect Director: Vincent Vellucci 1,208,299---- 566,488226,857 68%Not verified—
2. The ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2025 1,862,544396138,704 ---- 99.9%Approved—
3. The approval, on an advisory basis, of the executive compensation of the Company's named executive officers as described in the proxy statement 1,628,56115,926130,300 --226,857 99.0%Approved—

Source: BEL FUSE INC., Form 8-K, filed with the SEC on May 28, 2025 — read the filing on EDGAR.

How asset managers voted at the BEL FUSE INC. 2024-2025 meeting

Each item below shows how the 83 asset managers that disclosed a BEL FUSE INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Daniel Bernstein

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%
FOR: 1,617,544WITHHELD: 157,243
Details: description as filed, official tally, votes by 31 asset managers

Description as filed by funds: Election of the Board's nominees for Director for the terms described in the Proxy Statement: Daniel Bernstein

BEL FUSE INC.’s own tally for this item (“Elect Director: Daniel Bernstein”): 1,617,544 for, 157,243 withheld, per its Form 8-K filed May 28, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 31 asset managers below reported 513,775 for, 4,515 withheld.

FOR
FOR: 513,775WITHHOLD: 4,515
Largest asset managers voting on “Election of the Board's nominees for Director for the terms described in the Proxy Statement: Daniel Bernstein” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds100,2710 00For
Equitable81,4160 00For
Dimensional59,8670 00For
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century34,7190 00For
Fidelity33,0210 00For
Royce18,8050 00For
Brighthouse8,4460 00For
AIG/SunAmerica8,2470 00For
Lincoln Financial6,2620 00For
Voya00 04,337Withhold
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA2,3470 00For
Northern Trust2,1610 00For
Pacific Life1,4510 00For
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X6660 00For
John Hancock6560 00For
State Street5840 00For
ProShares4100 00For
DWS2710 00For

Showing the 25 largest of 31 asset managers. All 31 are in the interactive database (link above).

2. Elect Director: Farouq Tuweiq

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 1,771,121WITHHELD: 3,666
Details: description as filed, official tally, votes by 31 asset managers

Description as filed by funds: Election of the Board's nominees for Director for the terms described in the Proxy Statement: Farouq Tuweiq

BEL FUSE INC.’s own tally for this item (“Elect Director: Farouq Tuweiq”): 1,771,121 for, 3,666 withheld, per its Form 8-K filed May 28, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 31 asset managers below reported 518,290 for.

FOR
FOR: 518,290
Largest asset managers voting on “Election of the Board's nominees for Director for the terms described in the Proxy Statement: Farouq Tuweiq” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds100,2710 00For
Equitable81,4160 00For
Dimensional59,8670 00For
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century34,7190 00For
Fidelity33,0210 00For
Royce18,8050 00For
Brighthouse8,4460 00For
AIG/SunAmerica8,2470 00For
Lincoln Financial6,2620 00For
Voya4,3370 00For
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA2,3470 00For
Northern Trust2,1610 00For
Pacific Life1,4510 00For
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X6660 00For
John Hancock6560 00For
State Street5840 00For
ProShares4100 00For
DWS2710 00For

Showing the 25 largest of 31 asset managers. All 31 are in the interactive database (link above).

3. Elect Director: Peter Gilbert

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

83% Majority: yes · of votes cast

FOR 83%WITHHELD
FOR: 1,465,035WITHHELD: 309,752
Details: description as filed, official tally, votes by 31 asset managers

Description as filed by funds: Election of the Board's nominees for Director for the terms described in the Proxy Statement: Peter Gilbert

BEL FUSE INC.’s own tally for this item (“Elect Director: Peter Gilbert”): 1,465,035 for, 309,752 withheld, per its Form 8-K filed May 28, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 83% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 31 asset managers below reported 413,675 for, 4,344 withheld, 100,271 abstained.

FORABSTAIN
FOR: 413,675ABSTAIN: 100,271WITHHOLD: 4,344
Largest asset managers voting on “Election of the Board's nominees for Director for the terms described in the Proxy Statement: Peter Gilbert” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds00 100,2710Abstain
Equitable81,4160 00For
Dimensional59,8670 00For
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century34,7190 00For
Fidelity33,0210 00For
Royce18,8050 00For
Brighthouse8,4460 00For
AIG/SunAmerica8,2470 00For
Lincoln Financial6,2620 00For
Voya00 04,337Withhold
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA2,3470 00For
Northern Trust2,1610 00For
Pacific Life1,4510 00For
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X6660 00For
John Hancock6560 00For
State Street5840 00For
ProShares4100 00For
DWS2710 00For

Showing the 25 largest of 31 asset managers. All 31 are in the interactive database (link above).

4. Elect Director: Vincent Vellucci

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

68% Majority: yes · of votes cast

FOR 68%WITHHELD
FOR: 1,208,299WITHHELD: 566,488
Details: description as filed, official tally, votes by 31 asset managers

Description as filed by funds: Election of the Board's nominees for Director for the terms described in the Proxy Statement: Vincent Vellucci

BEL FUSE INC.’s own tally for this item (“Elect Director: Vincent Vellucci”): 1,208,299 for, 566,488 withheld, per its Form 8-K filed May 28, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 68% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 31 asset managers below reported 265,909 for, 151,454 withheld, 100,927 abstained.

FORABSTAINWITHHOLD
FOR: 265,909ABSTAIN: 100,927WITHHOLD: 151,454
Largest asset managers voting on “Election of the Board's nominees for Director for the terms described in the Proxy Statement: Vincent Vellucci” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds00 100,2710Abstain
Equitable80,8260 0590For
Dimensional00 059,867Withhold
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century00 034,719Withhold
Fidelity00 033,021Withhold
Royce18,8050 00For
Brighthouse6,1750 02,271Mixed
AIG/SunAmerica00 08,247Withhold
Lincoln Financial5,0620 01,200Mixed
Voya00 04,337Withhold
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA00 02,347Withhold
Northern Trust00 02,161Withhold
Pacific Life8790 0572Mixed
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X00 0666Withhold
John Hancock00 6560Abstain
State Street00 0584Withhold
ProShares00 0410Withhold
DWS2710 00For

Showing the 25 largest of 31 asset managers. All 31 are in the interactive database (link above).

5. The ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2025

Official resultAUDIT-RELATEDReported outcome: Approved

99.9% Approved · of votes cast

FOR 99.9%
FOR: 1,862,544AGAINST: 396
Details: description as filed, official tally, votes by 32 asset managers

Description as filed by funds: WITH RESPECT TO THE RATIFICATION OF THE DESIGNATION OF GRANT THORNTON LLP TO AUDIT BEL'S BOOKS AND ACCOUNTS FOR 2025

BEL FUSE INC.’s own tally for this item (“2. The ratification of the designation of Grant Thornton LLP to audit the Company's books and accounts for 2025”): 1,862,544 for, 396 against — passed, per its Form 8-K filed May 28, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “This proposal was approved by the following votes (there were no Broker Non-Votes):”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 32 asset managers below reported 585,490 for.

FOR
FOR: 585,490
Largest asset managers voting on “WITH RESPECT TO THE RATIFICATION OF THE DESIGNATION OF GRANT THORNTON LLP TO AUDIT BEL'S BOOKS AND ACCOUNTS FO” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds100,2710 00For
Equitable81,4160 00For
Gabelli67,2000 00For
Dimensional59,8670 00For
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century34,7190 00For
Fidelity33,0210 00For
Royce18,8050 00For
Brighthouse8,4460 00For
AIG/SunAmerica8,2470 00For
Lincoln Financial6,2620 00For
Voya4,3370 00For
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA2,3470 00For
Northern Trust2,1610 00For
Pacific Life1,4510 00For
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X6660 00For
John Hancock6560 00For
State Street5840 00For
ProShares4100 00For

Showing the 25 largest of 32 asset managers. All 32 are in the interactive database (link above).

6. The approval, on an advisory basis, of the executive compensation of the Company's named executive officers as…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 6 wordings of this item as funds reported it.

99.0% Approved · of votes cast

FOR 99.0%
FOR: 1,628,561AGAINST: 15,926
Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT

BEL FUSE INC.’s own tally for this item (“3. The approval, on an advisory basis, of the executive compensation of the Company's named executive officers as described in the proxy statement”): 1,628,561 for, 15,926 against — passed, per its Form 8-K filed May 28, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “This proposal was approved by the following votes:”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 32 asset managers voting on “WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S NAMED EXECUTIVE OFF” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brown Advisory Funds100,2710 00For
Equitable81,4160 00For
Gabelli67,2000 00For
Dimensional59,8670 00For
BlackRock54,8390 00For
JPMorgan54,3610 00For
Vanguard39,1140 00For
American Century034,719 00Against
Fidelity33,0210 00For
Royce18,8050 00For
Brighthouse8,4460 00For
AIG/SunAmerica8,2470 00For
Lincoln Financial6,2620 00For
Voya4,3370 00For
QUANTITATIVE MASTER SERIES LLC2,9560 00For
TIAA2,3470 00For
Northern Trust2,1610 00For
Pacific Life879572 00Mixed
Nationwide9260 00For
Bridge Builder Trust8030 00For
Goldman Sachs7180 00For
Global X6660 00For
John Hancock6560 00For
State Street5840 00For
ProShares4100 00For

Fund voting reports, all 32 managers: 550,199 for, 35,291 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 65 asset managers voting on “WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S NAMED EXECUTIVE OFF” at BEL FUSE INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BROWN ADVISORY INC169,0660 00For
JPMorgan96,4350 00For
SANTA MONICA PARTNERS LP91,0680 00For
Gabelli81,6010 00For
GEODE CAPITAL MANAGEMENT, LLC36,9420 00For
American Century035,895 00Against
BlackRock26,670294 00For
State Street22,209356 00For
Renaissance19,4840 00For
ADVISORY RESEARCH INC19,2420 00For
Northern Trust13,7620 00For
Janney Montgomery Scott LLC11,9160 00For
Herald Investment Management Ltd7,5000 00For
Dimensional5,5250 00For
MELLON INVESTMENTS Corp05,453 00Against
Voya4,3370 00For
MARSHALL WACE, LLP4,0830 00For
Makaira Partners LLC4,0010 00For
Citadel2,9450 00For
STIFEL NICOLAUS & CO INC \MO\2,5210 00For
Nuveen2,3470 00For
LSV ASSET MANAGEMENT1,5000 00For
NEW YORK STATE COMMON RETIREMENT FUND01,300 00Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC01,264 00Against
Rhumbline1,2290 00For

Institutional-manager reports, all 65 managers: 631,221 for, 47,279 against, 39 not voted, 250 unknown. Showing the 25 largest; every one is in the interactive database (link above).

Largest BEL FUSE INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top BEL FUSE INC. shareholders by shares voted on “WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S…”, 2024-2025
#Asset manager Shares voted
1Brown Advisory Funds 100,271
2Equitable 81,416
3Gabelli 67,200
4Dimensional 59,867
5BlackRock 54,839
6JPMorgan 54,361
7Vanguard 39,114
8American Century 34,719
9Fidelity 33,021
10Royce 18,805
Institutional-manager reports: top BEL FUSE INC. shareholders by shares voted on “WITH RESPECT TO THE APPROVAL, ON AN ADVISORY BASIS, OF THE EXECUTIVE COMPENSATION OF BEL'S…”, 2024-2025
#Asset manager Shares voted
1BROWN ADVISORY INC 169,066
2JPMorgan 96,435
3SANTA MONICA PARTNERS LP 91,068
4Gabelli 81,601
5GEODE CAPITAL MANAGEMENT, LLC 36,942
6American Century 35,895
7BlackRock 26,964
8State Street 22,565
9Renaissance 19,484
10ADVISORY RESEARCH INC 19,242

Shown as share counts, not percentages: no shares-outstanding figure has been matched to BEL FUSE INC. for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

BEL FUSE INC. proxy season coverage: 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “BEL FUSE (BELFA) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/bel-fuse-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.