Nortech Systems senior vice president John Lindeen announces retirement plans

Nortech Systems Incorporated (NASDAQ:NSYS) announced Monday that John Lindeen, Senior Vice President of Global Operations, has notified the company of his intention to retire and resign. According to a statement included in a Securities and Exchange Commission filing, Lindeen’s decision to step down is not related to any disagreement with the company’s operations, policies, or procedures.

Lindeen will continue to serve as Senior Vice President, Global Operations for the remainder of 2025 and into the first quarter of 2026. The company stated it has started a search for a permanent replacement. According to InvestingPro analysis, which offers 7 additional key insights about the company, Nortech Systems currently trades below its Fair Value, maintaining a current ratio of 2.7 despite operational challenges.

Nortech Systems, based in Maple Grove, Minnesota, is listed on the NASDAQ Capital Market under the symbol NSYS. The information is based on a press release statement included in the company’s SEC filing.

In other recent news, Nortech Systems Incorporated reported its Q2 2025 earnings, highlighting a 9.5% decline in net sales compared to the previous year. Despite this drop, the company saw improvements in gross profit margins and adjusted EBITDA. These financial results seemed to resonate positively with investors, as evidenced by the stock’s rise during trading sessions. The developments indicate a focus on strategic initiatives aimed at future growth. The company did not announce any mergers or acquisitions during this period. Analysts have not provided any recent upgrades or downgrades for Nortech Systems. The financial community remains attentive to the company’s future performance and strategic directions.

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