What changed in this filing

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Item 2. Properties

2025-07-18 compared with 2024-08-02 · 28 added, 18 removed, 10 unchanged (82% of the section changed)

The Company operates out of several facilities located around the U.S.

Each facility is used for manufacturing its products and for administrative activities.

Company operates out of several facilities located around the U.S.

Each facility is used for manufacturing its products and for administrative

The following table presents the location, size and terms of ownership/occupation:

2 unchanged sentences

Northvale, NJ

The Company’s facility located in Mitchel Field, Long Island, New York, is part of the building that the Company constructed in 1981 and expanded in 1988 on land leased from Nassau County.

In January 1998, the Company sold the building and the related land lease to Reckson Associates Realty Corp.

Company’s facility located in Mitchel Field, Long Island, New York, is part of the building that the Company constructed in 1981

and expanded in 1988 on land leased from Nassau County.

In January 1998, the Company sold the building and the related land lease to

Reckson Associates Realty Corp.

(“Reckson”), leasing back the space that it presently occupies.

The Company leases its manufacturing and office space from RA 55 CLB LLC (as successor-in-interest to Reckson).

Company leases its manufacturing and office space from RA 55 CLB LLC (as successor-in-interest to Reckson).

The lease expires on September

Pursuant to the lease agreement, the Company pays a gradually increasing annual rent of $1,046,810 in 2019 to $1,276,056 in

The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal operations of the FEI-NY segment and also serves as the Company’s corporate headquarters.

The Garden Grove, California facility is leased by the Company’s subsidiary, FEI-Zyfer.

The facility consists of a combination office and test/assembly areas.

The Company has signed a second amendment to the lease, which extended the lease an additional 88 months, beginning October 1, 2017 and expiring January 31, 2025.

The average annual rent over the period of the amendment is approximately $312,000.

The Company believes the leased space is adequate to meet the Company’s domestic operational needs which encompass the principal

operations of the FEI-NY segment and also serves as the Company’s corporate headquarters.

Garden Grove, California facility is leased by the Company’s subsidiary, FEI-Zyfer.

The facility consists of a combination office

and test/assembly areas.

The Company has signed a third amendment to the lease, which expanded the square footage rented, and extended

the lease an additional 62 months, beginning February 1, 2025 and expiring March 30, 2030.

The average annual rent over the period of

the amendment is approximately $672,000.

The Company believes the leased space is adequate to meet FEI-Zyfer’s operational needs.

FEI-Elcom entered into a new lease agreement on January 12, 2022 regarding its Northvale, New Jersey facility.

The facility consists of a combination office and manufacturing space.

The Company has signed a third amendment to the lease, which extended the lease an additional 36 months beginning February 1, 2022 and expiring January 31, 2025, and reduced the square footage rented.

The lease, as amended, requires monthly payments of $8,270.

The Company believes the leased space is adequate to meet FEI-Elcom’s operational needs.

entered into a new lease agreement on January 12, 2022 regarding its Northvale, New Jersey facility.

The facility consists of a combination

office and manufacturing space.

The Company has signed a third amendment to the lease, which extended the lease an additional 36 months

beginning February 1, 2022 and expiring January 31, 2025, and reduced the square footage rented.

The lease, as amended, requires monthly

payments of $8,270.

As of April 30, 2025, the Company is in the process of negotiating a fourth amendment to the lease with the landlord

as the Company continues to utilize the space for FEI-Elcom’s operational needs.

Legal Proceedings

From time to time, the Company may become a defendant in litigation arising out of the ordinary course of business.

As of July 23, 2024, the Company is not party to any material pending legal proceedings.

time to time, the Company may become a defendant in litigation arising out of the ordinary course of business.

As of July 18, 2025, the

Company was not party to any material pending legal proceedings.

Mine Safety Disclosures

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties