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OFFON

OMEGA FLEX, INC.

(OFLX)
  Report
Delayed Quote. Delayed Nasdaq - 10/25 04:00:00 pm
145.8 USD   +4.47%
10/20OMEGA FLEX : Q3 Earnings Snapshot
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10/20OMEGA FLEX : Reports Higher Q3 Results
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10/20Omega Flex, Inc. Announces Third Quarter Earnings
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OMEGA FLEX, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

08/24/2021 | 04:59pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



On August 24, 2021, Omega Flex, Inc. (the "Company") announced that Matthew F. Unger has been appointed as Interim Finance Director, effective on August 27, 2021, serving in that position until a permanent appointment of a chief financial officer is completed. Mr. Unger has also been designated by the board to serve as the Company's principal financial officer and principal accounting officer. Mr. Unger has previously served as the Company's controller and principal accounting officer since July 2015. He is a certified public accountant with twelve years of public accounting experience prior to joining the Company.

Mr. Unger will be eligible for participation in the OmegaFlex executive incentive compensation plan for the year ending December 31, 2021, and the OmegaFlex, Inc. 2006 Phantom Stock Plan. Mr. Unger will also enter into a change of control agreement in the form disclosed as an exhibit to the Annual Report on Form 10-K filed March 9, 2020.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS




(a) none
(b) none
(c) none
(d) none




Item   Description
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

© Edgar Online, source Glimpses

All news about OMEGA FLEX, INC.
10/20OMEGA FLEX : Q3 Earnings Snapshot
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10/20OMEGA FLEX : Reports Higher Q3 Results
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10/20Omega Flex, Inc. Announces Third Quarter Earnings
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Financials (USD)
Sales 2020 106 M - -
Net income 2020 19,9 M - -
Net cash 2020 23,1 M - -
P/E ratio 2020 74,0x
Yield 2020 0,77%
Capitalization 1 472 M 1 472 M -
EV / Sales 2019 9,59x
EV / Sales 2020 13,7x
Nbr of Employees 164
Free-Float 30,3%
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Income Statement Evolution
Managers and Directors
Kevin Ralph Hoben Chairman & Chief Executive Officer
Mark Francis Albino President, Chief Operating Officer & Director
Matthew F. Unger Director-Finance & Chief Accounting Officer
David K. Evans Independent Director
Bruce C. Klink Independent Director
Sector and Competitors