UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement
On June 16, 2025, Nortech Systems Incorporated (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Clark Equities LLC (“Buyer”), pursuant to which the Company agreed to sell its facility located at 1930 W 1st Street, Blue Earth, MN, for a purchase price of $0.5 million. The transaction is expected to close on or before July 16, 2025, subject to customary closing conditions, including satisfactory completion of due diligence and regulatory approvals. The Agreement contains customary representations, warranties, and covenants of the parties, and may be terminated under certain conditions.
Item 9.01 Financial Statements and Exhibits
|
10.1 |
Purchase Agreement for Blue Earth facility between the Company and Clark Equities LLC | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 20, 2025
| Nortech Systems Incorporated | |
| (Registrant) | |
| /s/ Andrew D. C. LaFrence | |
Andrew D. C. LaFrence Chief Financial Officer and SVP Finance |