Bel Fuse Inc.

Good day and welcome to the Bell Fuse Incorporated Second Quarter 2020 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Dan Bernstein, President and Chief Executive Officer. Please go ahead, sir.

Thank you, Steve. Joining me on the call today is Greg Brocious, our Vice President of Finance, and Lynn Hutkin, our Director of Financial Reporting. Before we begin the call, I'd like to ask Lynn to go over the Safe Harvest Statement. Lynn?

Thank you, Dan. Good morning, everybody. Before we start, I'd like to read the following Safe Harbor Statements. Except for historical information contained on this call, the matters discussed on this call, such as statements regarding our efforts to improve profitability, the impact of the closure of our power R&D facility in Utrecht, Switzerland, anticipated cost savings resulting from restructuring, and the continuing impact of Bell's efforts to reevaluate its customer base and product portfolio, are forward-looking statements as described under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainty. Actual results could differ materially from those projections. Among the factors that could cause actual results to differ materially from such statements are the market concerns facing our customers, the continuing viability of sectors that rely on our products, the impact of public health crises such as the governmental, social, and Economic Effects of COVID-19, The Effects of Business and Economic Conditions, Difficulties Associated with Integrating Recently Acquired Companies, Capacity and Supply Constraints or Difficulties, Product Development, Commercialization or Technological Difficulties, Regulatory and Trade Environment, Risks Associated with Foreign Currencies, Uncertainties Associated with Legal Proceedings, The Market's Acceptance of the Company's New Products and competitive responses to those new products, the impact of changes to U.S. trade and tariff policies, the risk factors detailed from time to time, and the company's FCC report. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. We undertake no obligation to update or revise any forward-looking statement. We may also discuss non-GAAP results during this call and reconciliations of our GAAP results to non-GAAP results have been included in our release. I would now like to turn the call back to Dan for a general business update.