Vishay Intertechnology Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$VSH
Electrical Products
Technology
UNITED STATES
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
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Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of Director
On February 26, 2025, Ziv Shoshani resigned from the Board of Directors of Vishay Intertechnology, Inc. ("the Company"), effective immediately before the
election of directors at the Company’s annual meeting of stockholders on May 20, 2025, in order to devote his full business time and attention to Vishay Precision Group, Inc., which he serves as President and Chief Executive Officer and as a member
of the board.
Mr. Shoshani’s resignation was not the result of a disagreement on any matter relating to the Company’s operations, policies, or practice.
Officer Compensation Matters
At a meeting of the Compensation Committee of Vishay Intertechnology Inc.'s Board of Directors on February 26, 2025, the base salaries of certain officers were set for 2025 as follows (with approximate U.S. dollar equivalents based on the average exchange rate for 2024):
| Marc Zandman |
ILS 4,563,312 (approximately $1,230,000)(1) |
| Joel Smejkal |
$1,029,600 |
| David McConnell |
$458,850 |
| Roy Shoshani |
$690,800 |
| Michael O'Sullivan |
$464,880 |
| Peter Henrici |
$448,240 |
| David Tomlinson |
$387,920 |
(1) Salary will be paid in Israeli shekels
The Compensation Committee increased the minimum target annual cash bonus opportunity for Mr. Henrici to 75% beginning in 2025. None of the other minimum
target annual cash bonus opportunities were adjusted.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
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Exhibit No.
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Description
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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Signature
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.
Date: February 27, 2025
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VISHAY INTERTECHNOLOGY, INC.
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By:
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/s/ David L. Tomlinson |
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Name:
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David L. Tomlinson
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Title:
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Senior Vice President – Chief Accounting Officer
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