# EDGAR Filing Document

**Accession Number:** 0000942126
**File Stem:** 0001185185-25-001751
**Filing Date:** 2025-11
**Character Count:** 14410
**Document Hash:** 6009d9da34f8f3f994debe4f48df143e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-25-001751.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001185185-25-001751

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251110

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TAITRON COMPONENTS INC
- **CENTRAL INDEX KEY:** 0000942126
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 954249240
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-25844
- **FILM NUMBER:** 251486096

**BUSINESS ADDRESS:**
- **STREET 1:** 28040 WEST HARRISON PARKWAY
- **CITY:** VALENCIA
- **STATE:** CA
- **ZIP:** 91355
- **BUSINESS PHONE:** (661) 257-6060

**MAIL ADDRESS:**
- **STREET 1:** 28040 WEST HARRISON PARKWAY
- **CITY:** VALENCIA
- **STATE:** CA
- **ZIP:** 91355

?xml version='1.0' encoding='ASCII'?

**U.S. SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 10, 2025

**<u>TAITRON COMPONENTS INCORPORATED</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **California** | **0-25844** | **95-4249240** |
| (State or other | (Commission File Number) | (I.R.S. Employer |
| jurisdiction of incorporation) |  | Identification No.) |

---

**<u>28040 WEST HARRISON PARKWAY, VALENCIA, CALIFORNIA 91355</u>**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code**: <u>(661) 257-6060</u>**

**<u>NONE</u>**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) <br>

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) <br>

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) <br>

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Class A common stock | TAIT | NASDAQ Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**ITEM 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing**

On November 10, 2025, our Board of Directors approved the decision to voluntarily delist its common stock from The Nasdaq Stock Market and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations. Our Board of Directors concluded that the costs of maintaining the Nasdaq listing and remaining a public reporting company, including costs of compliance, the demands on management time and the Company resources required to maintain its listed and registered status, outweigh the benefits to the Company and its stockholders of continued Nasdaq listing and SEC reporting.

The Company will file a Form 25 with the Securities and Exchange Commission on or about November 24, 2025, and the Nasdaq delisting is expected to become effective on or about December 4, 2025, at which time trading on Nasdaq will cease. The common stock may thereafter be eligible for quotation on the Pink tier of OTC Markets Group if market makers commit to making a market in the Company's shares. The Company can provide no assurance that trading in its common stock will continue on the OTC Markets Group or otherwise.

After the Nasdaq delisting becomes effective, the Company will file a Form 15 with the Securities and Exchange Commission on or about December 8, 2025, at which time the Company anticipates that its obligation to file periodic reports under the Exchange Act, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement to file current and periodic reports, will terminate permanently 90 days thereafter.

**ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

On November 10, 2025, David Vanderhorst resigned as Chief Financial Officer and Secretary of the Company, effective immediately. Mr. Vanderhorst will remain an employee of the Company, serving as the Company's Controller. The Company's President and Chief Executive Officer, Stewart Wang, has assumed the duties of principal financial officer and principal accounting officer of the Company.

**ITEM 9.01 Financial Statements and Exhibits**

(d) Exhibits

<u>Exhibit No.</u> <u>Exhibit Description</u> <br> 99.1 [Press release dated November 14, 2025 announcing voluntary Nasdaq delisting, CFO resignation and Third Quarter 2025 Results.](taitex99-1.htm) <br> 104 Cover Page Interactive Data File (formatted as Inline XBRL)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **TAITRON COMPONENTS INCORPORATED** | **TAITRON COMPONENTS INCORPORATED** |
| Dated: November 14, 2025 | By: | /s/ Stewart Wang |
|  |  | Stewart Wang |
|  |  | Chief Executive Officer, Director, Chief Financial Officer and Principal Accounting Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

<u>FOR IMMEDIATE RELEASE</u>

**TAITRON ANNOUNCES VOLUNTARY NASDAQ DELISTING, CFO RESIGNATION AND THIRD QUARTER 2025 RESULTS**

**Notice of Plan to Voluntary Delist from Nasdaq and Deregister its Common Stock**

LOS ANGELES, California – November 14, 2025 – Taitron Components Incorporated (NASDAQ:TAIT) announces the Company will voluntarily delist its common stock from The Nasdaq Stock Market ("Nasdaq") and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations.

Our Board of Directors concluded that the costs of maintaining the Nasdaq listing and remaining a public reporting company, including costs of compliance, the demands on management time and the Company resources required to maintain its listed and registered status, outweigh the benefits to the Company and its stockholders of continued Nasdaq listing and SEC reporting.

The Company will file a Form 25 with the Securities and Exchange Commission on or about November 24, 2025, and the Nasdaq delisting is expected to become effective on or about December 4, 2025, at which time trading on Nasdaq will cease. The common stock may thereafter be eligible for quotation on the Pink tier of OTC Markets Group if market makers commit to making a market in the Company's shares. The Company can provide no assurance that trading in its common stock will continue on the OTC Markets Group or otherwise. After the Nasdaq delisting becomes effective, the Company will file a Form 15 with the Securities and Exchange Commission on or about December 8, 2025, at which time the Company anticipates that its obligation to file periodic reports under the Exchange Act, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement to file current and periodic reports, will terminate permanently 90 days thereafter.

**Departure of Chief Financial Officer**

On November 10, 2025, David Vanderhorst resigned as Chief Financial Officer and Secretary of the Company, effective immediately. Mr. Vanderhorst will remain an employee of the Company, serving as the Company's Controller. The Company's President and Chief Executive Officer, Stewart Wang, has assumed the duties of principal financial officer and principal accounting officer of the Company.

**Third Quarter 2025 Results**

On November 14, 2025 –the Company announced its Third Quarter 2025 results.

**TAITRON COMPONENTS INCORPORATED**

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(Unaudited)

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended<br> September 30,** | **Three Months Ended<br> September 30,** | **Nine Months Ended<br> September 30,** | **Nine Months Ended<br> September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Net product revenue | $529000 | $1187000 | $2778000 | $3374000 |
| Cost of products sold | 202000 | 635000 | 1109000 | 1664000 |
| Gross profit | 327000 | 552000 | 1669000 | 1710000 |
| Selling, general and administrative expenses | 516000 | 530000 | 1651000 | 1683000 |
| Restructuring and severance expenses | - | - | 1680000 | - |
| Operating income (loss) | (189000) | 22000 | (1662000) | 27000 |
| Interest income, net | 54000 | 68000 | 158000 | 223000 |
| Other income (expense), net | 77000 | 163000 | 841000 | 976000 |
| Income (loss) before income taxes | (58000) | 253000 | (663000) | 1226000 |
| Income tax provision | - | (8000) | (8000) | (23000) |
| Net income (loss) | $(58000) | $245000 | $(671000) | $1203000 |
| Net income (loss) per share: Basic | $(0.01) | $0.04 | $(0.11) | $0.20 |
| &nbsp;&nbsp;&nbsp;Diluted | $(0.01) | $0.04 | $(0.11) | $0.20 |
| Weighted average shares outstanding: Basic | 6021180 | 6021180 | 6021180 | 6021180 |
| &nbsp;&nbsp;&nbsp;Diluted | 6021180 | 5999180 | 6021180 | 6011180 |
| Cash dividends declared per common share | $0.035 | $0.050 | $0.135 | $0.150 |
| Net income (loss) | $(58000) | $245000 | $(671000) | $1203000 |
| Other comprehensive income (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment | 5000 | 36000 | (19000) | 8000 |
| Comprehensive income (loss) | (53000) | 281000 | (690000) | 1211000 |

---

**TAITRON COMPONENTS INCORPORATED**

Condensed Consolidated Balance Sheets

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| | | |
|:---|:---|:---|
|  | **September 30,**<br>**2025** | **December 31,**<br>**2024** |
|  | **(Unaudited)** | |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $3960000 | $4208000 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, less allowances of $7,000 | 445000 | 421000 |
| &nbsp;&nbsp;&nbsp;Short-term investments (Note 2) | 5929000 | 5179000 |
| &nbsp;&nbsp;&nbsp;Inventories, less reserves for obsolescence of $5,161,000, and $5,152,000, respectively (Note 3) | 2098000 | 2949000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets (Note 4) | 227000 | 308000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 12659000 | 13065000 |
| Property and equipment, net | 2883000 | 3029000 |
| Deferred taxes | 1543000 | 1542000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $17085000 | $17636000 |
| **Liabilities and Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $492000 | $251000 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | 275000 | 822000 |
| &nbsp;&nbsp;&nbsp;Accrued restructuring reserve | 1256000 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 2023000 | 1073000 |
| Commitments and contingencies (Note 6) |  |  |
| Equity: |  |  |
| &nbsp;&nbsp;&nbsp;Shareholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class A common stock, $0.001 par value. Authorized 20,000,000 shares; 5,258,568 shares issued and outstanding | 5000 | 5000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Class B common stock, $0.001 par value. Authorized, issued and outstanding 762,612 shares | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 11486000 | 11484000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (68000) | (49000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 3638000 | 5122000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 15062000 | 16563000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $17085000 | $17636000 |

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*Safe Harbor Statement*

Statements contained in the exhibit to this report that state the Company's or its management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that the Company has filed with the Securities and Exchange Commission.

CONTACTS:

Taitron Components Incorporated

Stewart Wang – T: 661-257-6060