On January 23, 2017, GAMCO Investors, Inc. announced that it has presented to Bel Fuse Inc. an amendment to its proposal, for inclusion in the proxy and proxy statement for the Company's 2018 annual meeting of shareholders, clarifying that GAMCO Investors is requesting that the Company's Class A common stockholders should have the right to convert their shares into the Company's Class B common stock at their option at any time.