Bel Fuse Inc. Announces Change in Independent Auditor: Grant Thornton Dismissed, Deloitte Appointed

Bel Fuse Inc. (NASDAQ: BELFA, BELFB) has announced a significant change in its independent registered public accounting firm, an event that shareholders and market watchers should closely monitor for its potential impact on share value and investor confidence.

Key Points

• Auditor Dismissal: On December 4, 2025, the Audit Committee and Board of Directors of Bel Fuse Inc. notified Grant Thornton LLP, the company’s then-current independent auditor, that it would be dismissed from its role as the Company’s auditor.
• New Auditor Appointed: Effective the same day, Deloitte & Touche LLP (“Deloitte”) was appointed as the new independent registered public accounting firm for Bel Fuse Inc.
• No Disagreements or Reportable Events: During the two most recent fiscal years ended December 31, 2024 and 2025, and through February 24, 2026, there were no disagreements or reportable events between Bel Fuse and Grant Thornton regarding accounting principles, auditing scope, or financial statement disclosures.
• Grant Thornton’s Response: Grant Thornton provided a letter to the SEC stating that it agrees with the statements made by Bel Fuse Inc. in the Form 8-K/A regarding its departure.
• No Prior Consultation with Deloitte: Neither Bel Fuse nor anyone acting on its behalf consulted with Deloitte on any matters related to accounting principles or audit opinions prior to Deloitte’s appointment.
• Exhibit Filing: The company filed Grant Thornton’s response letter as Exhibit 16.1 to the Form 8-K/A.

Potential Impact and Shareholder Considerations

• Potential Market Sensitivity:
  • The replacement of an auditor, especially among prominent firms, can be viewed as a material event. While Bel Fuse has stated there were no disagreements or adverse audit opinions, shareholders should note that such changes may result in increased scrutiny from investors, analysts, and regulators.
  • There is no indication of financial irregularities or disputes, which should provide some reassurance to investors. However, the transition to a new auditor can sometimes lead to delays in financial reporting or changes in audit processes.
• Corporate Governance:
  • The decision was made by the Audit Committee and approved by the full Board, indicating adherence to best practices in corporate governance.
• Transparency and Communication:
  • Bel Fuse has proactively disclosed the auditor transition and provided complete documentation, including Grant Thornton’s exit letter, reducing the risk of speculation or uncertainty in the market.
• Future Outlook:
  • With Deloitte now engaged, investors may expect continuity in the audit process. Deloitte’s global reputation and expertise could be seen as a positive development, potentially enhancing investor confidence depending on forthcoming financial disclosures and audit outcomes.

Details for Investors

• Company Name: Bel Fuse Inc. /NJ
• Trading Symbols: BELFA (Class A Common Stock), BELFB (Class B Common Stock)
• Exchange: Nasdaq Global Select Market
• Event Date: December 4, 2025 (auditor change); February 24, 2026 (filing date for Form 8-K/A and Grant Thornton’s letter)
• Address: 300 Executive Drive, Suite 300, West Orange, NJ 07052
• SEC File Number: 000-11676
• EIN: 22-1463699

Conclusion

The transition from Grant Thornton LLP to Deloitte & Touche LLP as Bel Fuse Inc.’s auditor is a noteworthy event for shareholders. While the company’s disclosure indicates a routine transition without underlying disputes or negative audit findings, such events can influence investor sentiment and share price, particularly in the immediate aftermath.

Investors are encouraged to monitor upcoming financial reports and communications from Bel Fuse Inc. for any further developments or disclosures resulting from the auditor change.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. The author and publisher make no representations or warranties regarding the accuracy or completeness of the information contained herein. Share prices may be affected by various factors, including but not limited to the information discussed above.

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