On March 1, 2024, John Tweedy notified Bel Fuse Inc. of his decision to retire from the Board of Directors of the Company upon the expiration of his term and not stand for re-election to the Board at the Company?s 2024 Annual Meeting of Shareholders. Mr. Tweedy indicated that his decision to retire and not stand for re-election was not a result of any disagreement with the Company on any matter relating to the Company?s operations, policies or practices. Mr. Tweedy has served on Bel's Board since 1996 and throughout the years has served on various committees including Audit and Executive.

John has been instrumental during Bel's various acquisitions, international expansion, and recent changes to the overall organization.