0000722313 2025-01-01 2025-12-31 0000722313 2024-01-01 2024-12-31 0000722313 2023-01-01 2023-12-31 0000722313 NSYS:DecreaseInFairValueEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatAreOutstandingAndUnvestedMember ecd:PeoMember 2025-01-01 2025-12-31 0000722313 NSYS:IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember NSYS:NonPeoNeosMember 2025-01-01 2025-12-31 0000722313 NSYS:IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember NSYS:NonPeoNeosMember 2025-01-01 2025-12-31 0000722313 NSYS:IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember ecd:PeoMember 2024-01-01 2024-12-31 0000722313 NSYS:IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember ecd:PeoMember 2024-01-01 2024-12-31 0000722313 NSYS:IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000722313 NSYS:IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000722313 NSYS:DecreaseInFairValueEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatAreOutstandingAndUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000722313 NSYS:IncreaseInFairValueAtVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000722313 NSYS:SubtractionForValuesReportedInOptionAwardsMember NSYS:NonPeoNeosMember 2023-01-01 2023-12-31 0000722313 NSYS:AdditionOfYearEndFairValueForOptionAwardsGrantedDuringYearThatAreOutstandingAndUnvestedMember NSYS:NonPeoNeosMember 2023-01-01 2023-12-31 0000722313 NSYS:DeductionOfDecreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatAreOutstandingAndUnvestedMember NSYS:NonPeoNeosMember 2023-01-01 2023-12-31 0000722313 NSYS:DeductionOfDecreaseInFairValueVestingDateFromPriorYearendForOptionAwardsGrantedInPriorYearsThatVestedMember NSYS:NonPeoNeosMember 2023-01-01 2023-12-31 0000722313 NSYS:SubtractionOfFairValueOfPriorFiscalYearEndOfStockAwardsGrantedInPriorFiscalYearsThatFailedToMeetApplicableVestingConditionsMember NSYS:NonPeoNeosMember 2023-01-01 2023-12-31 iso4217:USD false 0000722313 DEF 14A Nortech Systems Incorporated <table cellpadding="0" cellspacing="0" id="xdx_88E_eecd--PvpTableTextBlock_zyFh2BqpMyac" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Year</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--PeoTotalCompAmt_zVs3i0ho6M5h" style="border-bottom: Black 1pt solid; text-align: center">Summary Compensation Table for PEO(1)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_489_eecd--PeoActuallyPaidCompAmt_zy7pSPrUEaUb" style="border-bottom: Black 1pt solid; text-align: center">Compensation Actually Paid to PEO(1)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_487_eecd--NonPeoNeoAvgTotalCompAmt_zAPoQUGcXZQ5" style="border-bottom: Black 1pt solid; text-align: center">Average Summary Compensation Table Total for Non-PEO NEOs(2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_485_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zuztgO3HVCke" style="border-bottom: Black 1pt solid; text-align: center">Average Compensation Actually Paid to Non-PEO NEOs(2)</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48A_eecd--TotalShareholderRtnAmt_pp2d_zOgjzNVsO9Jh" style="border-bottom: Black 1pt solid; text-align: center">Value of Initial Fixed $100 Investment Based On Total Shareholder Return</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_483_eus-gaap--NetIncomeLoss_zMpC24fcyNg1" style="border-bottom: Black 1pt solid; text-align: center">Net (Loss) Income</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_416_20250101__20251231_zRHeExb1pbtk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 13%; text-align: center">2025</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">525,750</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">436,912</td><td style="width: 1%; text-align: left">(3) </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">303,515</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">256,054</td><td style="width: 1%; text-align: left">(4) </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">60.65</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(252,000</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_419_20240101__20241231_zwW7lILTuoP1" style="vertical-align: bottom; background-color: White"> <td style="text-align: center">2024</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">520,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">596,715</td><td style="text-align: left">(5) </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">297,847</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">311,300</td><td style="text-align: left">(6) </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">84.00</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(1,295,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_41B_20230101__20231231_zJxMAyhlqdOh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: center">2023</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">819,520</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">679,254</td><td style="text-align: left">(7) </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">309,023</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">299,201</td><td style="text-align: left">(8) </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">76.90</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,010,000</td><td style="text-align: left"> </td></tr> </table> 525750 436912 303515 256054 60.65

-252000

520000 596715 297847 311300 84.00

-1295000

819520 679254 309023 299201 76.90

2010000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; width: 0.25in; text-align: justify">(1)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Principal Executive Officer, or “PEO”, listed in the table for all years presented includes Jay D. Miller, Chief Executive Officer.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: justify">(2)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Non-PEO NEOs listed in the table for all years presented include: John Lindeen, Andrew D. C. LaFrence (from December 2023), and Christopher Jones in 2023.</td></tr> </table> Jay D. Miller Jay D. Miller Jay D. Miller <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: justify; width: 0.25in">(3)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The calculation of Compensation Actually Paid (“CAP”) includes the following adjustments: deduction of decrease in the fair value at the end of the year from the prior year end for Option Awards granted in prior years that are outstanding and unvested as of the end of the year, $<span id="xdx_90F_eecd--AdjToCompAmt_iN_di_c20250101__20251231__ecd--AdjToCompAxis__custom--DecreaseInFairValueEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatAreOutstandingAndUnvestedMember__ecd--ExecutiveCategoryAxis__ecd--PeoMember_zj8PwovYetv4">88,838.</td></tr> </table> -88838 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; text-align: justify; width: 0.25in">(4)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The calculation of CAP includes the following adjustments: deduction of decrease in the fair value at the end of the year from the prior year end for Option Awards granted in prior years that are outstanding and unvested as of the end of the year, $<span id="xdx_90A_eecd--AdjToCompAmt_c20250101__20251231__ecd--AdjToCompAxis__custom--IncreaseInFairValueAtEndOfYearFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatOutstandingAndUnvestedMember__ecd--ExecutiveCategoryAxis__custom--NonPeoNeosMember_zkXwkWXaTpQa">35,346; and deduction of decrease in the fair value at the vesting date from the prior year end for Option Awards granted in prior years that vested in the year, $<span id="xdx_900_eecd--AdjToCompAmt_c20250101__20251231__ecd--AdjToCompAxis__custom--IncreaseInFairValueVestingDateFromPriorYearEndForOptionAwardsGrantedInPriorYearsThatVestedMember__ecd--ExecutiveCategoryAxis__custom--NonPeoNeosMember_zMbyCI6ktllb">12,116.</td></tr> </table> 35346 12116 15548 61167 6765 6688 -182018 41751 -77784 81603 -6004 -1496 76141 <img alt="" src="formdef14a_001.jpg"/> <img alt="" src="formdef14a_002.jpg"/>