Bel Fuse Inc.

Good day and welcome to the Bell Fuse Inc. fourth quarter 2020 results conference call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Dan Bernstein, President and Chief Executive Officer. Please go ahead.

Thank you, James. I would like to welcome everybody to our fourth quarter year and financial results today. Before I begin, we hope you and your family stay safe during these difficult times. On the call today is Craig Brocious, our Vice President of Finance, are Director of Financial Reporting, and I would like to introduce our new Chief Financial Officer, Farouq Tuweiq, who came on board this week. While working with BMW, I'm sorry, working with Bank of Montreal in the past, we have developed a strong relationship with Farouq. During this time, we have been overly impressed with his knowledge of our industry, work experience, interpersonal skills, and most importantly, his ability to solve problems in a timely manner. His number one goal at Bell, simply put, will be to increase Bell's overall value to our shareholders. The board believes there's a substantial valuation gap between Bell's share price and our current breakup value. Farouq has a broad mandate to work with team members to examine the various pathways to increase top line growth, margin improvement, simplify our operations while driving growth through M&A. When searching for our first CFO in the company's history, he was the best candidate, and we feel fortunate that he joined out to offer us his fresh perspective. Welcome aboard, Farouq.

Thank you, Dan, for the introduction there. I'm very excited to be joining the Bell family.