Optical Cable Corporation's SEC filings document a Virginia operating company that designs, manufactures and markets fiber optic and copper cabling and connectivity solutions in a single reportable segment. Its 8-K reports include financial-results releases, earnings-call transcripts, material definitive agreements and financing arrangements tied to the company's cabling and connectivity business.
The filing record also covers governance and capital-structure matters, including annual meeting votes, director elections, auditor ratification, advisory executive-compensation votes and unregistered common stock sales. Other disclosures describe loan agreements, repayment or replacement of existing debt, exhibits to material agreements, and formal reporting around OCC's public-company obligations.
Optical Cable Corporation entered into a new Business Loan Agreement with Freedom First Federal Credit Union, supported by a Promissory Note for $2,650,000 dated April 30, 2026. The loan is secured by the company’s Roanoke, Virginia real estate through a Credit Line Deed of Trust and an Assignment of Rents.
The Note matures on May 1, 2036 and carries a fixed rate initially, then a variable rate tied to the five-year U.S. Treasury index plus a 2.5-point margin, subject to a minimum 4.5% rate and an 18% default rate. On closing, Optical Cable fully repaid and terminated its prior Virginia Real Estate Loan with Northeast Bank and released all related collateral.
Optical Cable Corp director John M. Holland reported a routine tax-related share disposition. He surrendered 2,513 shares of Common Stock at $11.00 per share to cover taxes due on previously granted restricted shares under the Company’s 2017 Stock Incentive Plan. After this tax-withholding transaction, he directly holds 147,507 shares of Optical Cable Corp common stock.
Optical Cable Corp director Craig H. Weber reported a routine tax-related share surrender. On 1,993 shares of common stock valued at $11.00 per share, the shares were surrendered under the company’s 2017 Stock Incentive Plan to cover taxes due on previously granted restricted shares. After this non-market tax-withholding disposition, Weber directly holds 226,274 shares of Optical Cable Corp common stock.
Optical Cable Corporation reported results from its March 31, 2026 annual shareholder meeting. Shareholders elected five directors to serve until the next annual meeting, with votes for each nominee ranging from 3,641,981 to 3,959,875 common share votes.
Shareholders also ratified Crowe LLP as the independent registered public accounting firm, with 5,833,425 votes for, 51,689 against and 152,962 abstentions. In addition, on a non-binding advisory basis, shareholders approved the compensation of the company’s named executive officers, with 4,759,641 votes for, 86,187 against, 19,163 abstentions and 1,173,085 broker non-votes.
Following the formal meeting, Chairman, President and CEO Neil D. Wilkin, Jr. provided a brief company presentation. The key materials from this presentation were furnished, not filed, as Exhibit 99.1 under a Regulation FD disclosure.
Optical Cable Corporation reported first quarter fiscal 2026 results with modest growth and improved profitability, though it remained unprofitable. Net sales rose 4.4% to $16.4 million, driven by higher demand in both enterprise and specialty markets, including stronger international sales.
Gross profit increased 16.1% to $5.4 million, lifting gross margin to 32.7% from 29.4%, helped by higher volumes and manufacturing leverage. SG&A was $5.6 million, up slightly year over year but lower as a percentage of sales. The company posted a net loss of $398,000, or $0.05 per share, a significant improvement from a $1.1 million loss, or $0.14 per share, a year earlier.
Backlog and forward load reached $10.4 million, more than 50% above the comparable prior-year period, supporting management’s optimistic outlook for fiscal 2026, particularly in data center markets and the Lightera collaboration.
Optical Cable Corporation reported improved first‑quarter fiscal 2026 results with a smaller loss on higher sales. Net sales rose to $16.4 million from $15.7 million, driven by growth in enterprise and specialty markets and stronger international demand. Gross profit increased to $5.4 million, lifting gross margin to 32.7% from 29.4%, helped by higher volumes and mix.
The company reduced its loss from operations to $0.2 million from $0.9 million, and net loss narrowed to $0.4 million, or $0.05 per share, compared with $1.1 million, or $0.14 per share, a year earlier. Operating cash flow was positive at $1.2 million, supporting $0.2 million of capital spending and net repayments on the revolving credit facility.
Cash ended at $0.1 million, with $4.6 million outstanding on the asset‑based revolver and $4.7 million of additional availability. Total assets were $38.8 million and total liabilities $17.7 million. The company also highlighted a strategic collaboration with Lightera and 642,199 shares of redeemable restricted common stock recorded at a $3.0 million redemption value.
Optical Cable Corporation is asking shareholders to vote at its March 31, 2026 annual meeting in Roanoke, Virginia. Owners of 8,863,385 common shares outstanding as of January 23, 2026 may elect five directors, ratify Crowe LLP as auditor for fiscal 2026, and approve a non-binding say‑on‑pay resolution.
The board is entirely up for annual election and remains led by combined Chairman and CEO Neil D. Wilkin Jr., with four independent directors. The proxy details director and executive pay programs that emphasize restricted stock, equity ownership and retention policies, and a clawback policy tied to financial restatements.
Optical Cable Corporation’s SVP and CFO Tracy G. Smith reported a tax-related share transaction. On 01/31/2026, Smith surrendered 4,341 shares of common stock at $4.93 per share under the company’s 2017 Stock Incentive Plan to cover taxes on previously granted restricted shares. After this withholding transaction, Smith directly beneficially owned 346,311 shares of Optical Cable common stock.
Optical Cable Corp Chairman, President and CEO Neil D. Wilkin Jr. reported a Form 4 transaction involving company common stock. On 01/31/2026, he surrendered 8,000 shares at $4.93 per share to pay taxes due on previously granted restricted shares under the company’s 2017 Stock Incentive Plan, paying the remaining taxes in cash.
After this tax-withholding transaction, Wilkin beneficially owned 1,035,155 common shares directly. In addition, 22,595 shares are held indirectly by Wilkin Capital Fund I, LLC for his benefit. Small indirect holdings are reported for his four children, but he expressly disclaims beneficial ownership of those shares.
Optical Cable Corporation filed a Form S-8 to register 1,200,000 shares of its common stock for issuance under the Optical Cable Corporation 2017 Stock Incentive Plan. The plan has been amended by a First Amendment dated March 29, 2022 and a Second Amendment dated March 25, 2025. These shares may be granted to eligible participants as equity compensation, such as stock options or other stock-based awards, under the terms of the 2017 Plan.
The filing also describes Virginia law and the company’s Articles of Incorporation provisions that limit director and officer monetary liability in certain cases and provide indemnification and insurance coverage for directors and officers in connection with their corporate service.