Filing Analysis
Solitron Devices, Inc. filed an 8-K to announce the release of its unaudited fiscal 2027 first quarter results via press release.
📋 Key Facts
- Report date: July 13, 2026
- The filing pertains to Item 2.02 (Results of Operations and Financial Condition)
- Unaudited fiscal 2027 first quarter results were issued via press release on July 13, 2026
Solitron Devices, Inc. issued a press release regarding its fiscal 2026 third-quarter bookings to date. This is a routine operational update providing visibility into the company's sales pipeline.
📋 Key Facts
- The filing was made on November 5, 2025.
- The announcement pertains to fiscal 2026 third quarter bookings to date.
- Information was released via a press release (Exhibit 99.1) as part of Item 2.02 disclosure.
Solitron Devices, Inc. filed an 8-K to announce the release of its audited fiscal 2026 second quarter financial results.
📋 Key Facts
- The company issued a press release announcing audited fiscal 2026 second quarter results on October 10, 2025.
- Financial results are provided in Exhibit 99.1.
Solitron Devices, Inc. announced updates to employment agreements and compensation for several key executives and directors, including the President/COO, CEO, and CFO.
🚩 Red Flags
- Significant severance package for President/COO (2x base salary plus 36 months of COBRA) in the event of termination without cause or non-renewal.
📋 Key Facts
- Updated employment agreement for Mark Matson (President & COO) with a 3-year term and automatic 1-year renewals.
- Mark Matson's annual base salary set at $450,000 with performance-based bonus tiers linked to pre/after-tax profits.
- Mark Matson granted stock options for up to 50,000 shares at $14.50 and quarterly rights to buy 5,000 shares.
- CEO Tim Eriksen awarded a grant of 2,000 immediately vested common shares on August 13, 2025.
- CFO Carolyn Campbell's base salary increased to $200,000; received $10,000 cash bonus and 2,000 vested shares.
- Non-employee directors each awarded 2,000 immediately vested common shares.
Solitron Devices, Inc. filed an 8-K to announce the release of its audited fiscal 2026 first quarter financial results via a press release.
📋 Key Facts
- Report date: July 11, 2025
- The filing announces the issuance of audited fiscal 2026 first quarter results.
- Results were released via a press release furnished as Exhibit 99.1.
Solitron Devices, Inc. announced its audited fiscal 2025 fourth quarter results via a press release on May 23, 2025.
📋 Key Facts
- Company issued audited fiscal 2025 fourth quarter financial results.
- Reporting date of the event is May 23, 2025.
- Results were released via press release furnished as Exhibit 99.1.
Solitron Devices provided preliminary fiscal 2025 fourth-quarter results and an update on bookings. While total annual bookings showed significant growth due to the Micro Engineering, Inc. acquisition, quarterly revenue declined and the company expects a net loss for Q4.
🚩 Red Flags
- Quarterly revenue decline (from $4.0M to $3.1M).
- Expected quarterly net loss.
- Increased level of rework in Q4 FY2025 impacting margins/results.
- Inventory reserve requirement ($0.1 million).
📋 Key Facts
- Q4 FY2025 bookings were ~$8.9 million vs. ~$2.2 million in Q4 FY2024.
- Total FY2025 bookings reached ~$20.8 million, up from ~$12.8 million in FY2024 (noting the MEI acquisition impact).
- Backlog as of Feb 28, 2025, was ~$18.1 million vs. ~$11.2 million a year ago.
- Preliminary Q4 FY2025 revenue is ~$3.1 million, down from ~$4.0 million in Q4 FY2024.
- Expected Q4 FY2025 net loss of $0.1 to $0.2 million due to lower revenue and a $0.1 million inventory reserve.
Solitron Devices, Inc. held its Annual Meeting of Stockholders on January 24, 2025. The meeting resulted in the successful election of two Class II directors and the ratification of the company's independent auditors.
📋 Key Facts
- Annual Meeting held on January 24, 2025.
- Tim Eriksen elected as Class II director (1,114,904 votes for).
- David W. Pointer elected as Class II director (1,106,850 votes for).
- Whitley Penn LLP ratified as independent certified public accountants for the fiscal year ending February 28, 2025.
- Non-binding 'Say on Pay' advisory vote regarding executive compensation was approved.
Solitron Devices, Inc. filed an 8-K to announce the release of its unaudited fiscal 2025 third quarter results via a press release.
📋 Key Facts
- Report date: January 14, 2025
- The filing pertains to Item 2.02 (Results of Operations and Financial Condition).
- Unaudited fiscal 2025 third quarter results were issued via press release.
- Exhibit 99.1 contains the full press release.
Solitron Devices, Inc. issued an 8-K to announce unaudited fiscal 2025 third quarter bookings and expected revenue via a press release.
📋 Key Facts
- Report date: December 26, 2024
- Filing date: January 2, 2025
- Content: Announcement of unaudited fiscal 2025 third quarter bookings and expected revenue.
- The disclosure was made pursuant to Item 7.01 (Regulation FD Disclosure).
Solitron Devices, Inc. filed an 8-K to announce the release of its unaudited fiscal 2025 second quarter financial results. The filing serves as a formal mechanism to furnish these results via press release in compliance with Regulation FD.
📋 Key Facts
- Report date: October 15, 2024
- Subject matter: Unaunidited fiscal 2025 second quarter results
- The company issued a press release (Exhibit 99.1) to disclose financial performance.
- CEO Tim Eriksen signed the report.
Solitron Devices, Inc. announced its unaudited fiscal 2025 first quarter results via a press release on August 13, 2024.
📋 Key Facts
- Report date: August 13, 2024
- Event type: Announcement of unaudited fiscal 2025 first quarter results
- The company is reporting under Item 2.02 (Results of Operations and Financial Condition)
Solitron Devices, Inc. announced its unaudited fiscal 2024 fourth quarter results via a press release on July 11, 2024.
📋 Key Facts
- Company issued an earnings press release for the fiscal 2024 fourth quarter.
- Results reported are unaudited.
- Report date: July 11, 2024.
Solitron Devices, Inc. through its subsidiary Micro Engineering, Inc., purchased the real estate property it previously leased for $1.75 million. The acquisition was financed via a $1.4 million loan from Bank of America with a 10-year term.
🚩 Red Flags
- The loan includes negative covenants against changes in management or capital structure.
- Events of default include judgments/awards exceeding $250,000.
📋 Key Facts
- Acquisition price for Micro Property: $1,750,000.
- Loan amount (Principal): $1,400,000 provided by Bank of America, N.A.
- Interest rate: 6.39% per annum.
- Monthly payment: $10,444.14 starting July 1, 2024.
- Loan maturity date: May 31, 2034.
- The loan is secured by the Micro Property and certain related assets via a Mortgage and Security Agreement.
- Micro Engineering, Inc. (wholly owned subsidiary) provided a Continuing and Unconditional Guaranty for the note.
Solitron Devices, Inc. announced modifications to the compensation structures for its executive officers and Board of Directors, effective March 1, 2024.
🚩 Red Flags
- Potential misalignment of executive pay if company performance is not trending upward (requires context from 10-K/Q).
📋 Key Facts
- CEO/CFO Tim Eriksen's annual base salary increased to $100,000 effective March 1, 2024.
- President/COO Mark Matson's annual base salary increased to $285,000 effective March 1, 2024.
- Chairman David Pointer's annual cash compensation increased to $40,000.
- Audit Chairman Johnn Chiste's annual cash compensation increased to $30,000.
- Compensation Committee Chairman Dwight Aubrey's annual cash compensation increased to $28,000.
- Nominating Committee Chairman Charles Gillman's annual cash compensation increased to $24,000.
Solitron Devices, Inc. reported the results of its Annual Meeting of Stockholders held on January 25, 2024. The meeting resulted in the successful election of two Class I directors and the ratification of the company's independent auditors.
📋 Key Facts
- Annual Meeting held on January 25, 2024.
- John F. Chiste elected as Class I director (term expiring at 2026 Annual Meeting).
- Dwight P. 'Ike' Aubrey elected as Class I director (term expiring at 2026 Annual Meeting).
- Whitley Penn LLP ratified as independent certified public accountants for the fiscal year ending February 29, 2024.
- Non-binding advisory vote on executive compensation ('Say on Pay') was approved.
Solitron Devices, Inc. filed an 8-K to announce the release of its unaudited fiscal 2024 third quarter financial results via a press release.
📋 Key Facts
- The filing was made on January 19, 2024.
- The report concerns the unaudited fiscal 2024 third quarter results.
- Results were announced via a press release furnished as Exhibit 99.1.