Power Integrations Reports Shareholder Vote Results

TL;DR

POWI shareholders voted on company proposals May 17th - results are in.

AI Summary

Power Integrations, Inc. filed an 8-K on May 21, 2024, reporting on matters submitted to a vote of its security holders on May 17, 2024. The filing details the outcomes of proposals voted on by shareholders during the company's annual meeting.

Why It Matters

This filing provides transparency on how shareholders voted on key company matters, reflecting their confidence and alignment with management's proposals.

Risk Assessment

Risk Level: low — This is a routine filing reporting on shareholder meeting outcomes, not indicating new financial risks or significant operational changes.

Key Players & Entities

• Power Integrations, Inc. (company) — Registrant
• May 17, 2024 (date) — Date of earliest event reported
• May 21, 2024 (date) — Date of report
• 5245 Hellyer Avenue, San Jose, California 95138-1002 (address) — Principal executive offices

FAQ

Filing Documents

• powi-20240517x8k.htm (8-K) — 90KB
• 0000833640-24-000118.txt ( ) — 207KB
• powi-20240517.xsd (EX-101.SCH) — 3KB
• powi-20240517_lab.xml (EX-101.LAB) — 15KB
• powi-20240517_pre.xml (EX-101.PRE) — 10KB
• powi-20240517x8k_htm.xml (XML) — 5KB

07. Submission of matters to a Vote of Security Holders

Item 5.07. Submission of matters to a Vote of Security Holders Power Integrations, Inc. ("Power Integrations" or the "Company") held its 2024 Annual Meeting of Stockholders (the "Annual Meeting") on May 17, 2024. The following is a brief description of each matter voted upon at the Annual Meeting, as well as the final tally of the number of votes cast for or against each matter, and the number of abstentions and broker non-votes with respect to each matter. 1. Power Integrations' stockholders elected to the Board of Directors of the Company (the "Board") each of the following seven nominees as directors to serve until the Company's 2025 annual meeting of stockholders and until their successors are duly elected and qualified. The tabulation of votes on this matter was as follows: Nominee Shares Voted For Shares Withheld Wendy Arienzo 49,736,148.81 2,135,109.02 Balu Balakrishnan 50,196,488.56 1,674,769.27 Nicholas E. Brathwaite 49,074,086.81 2,797,171.02 Anita Ganti 51,007,830.81 863,427.02 Nancy Gioia 50,730,896.81 1,140,361.02 Balakrishnan S. Iyer 49,634,617.56 2,236,640.27 Ravi Vig 51,010,522.56 860,735.27 There were 2,535,489.00 broker non-votes for this proposal. 2. Power Integrations' stockholders approved, on an advisory basis, the compensation of Power Integrations' named executive officers, as disclosed in Power Integrations' proxy statement. The tabulation of votes on this matter was as follows: Shares voted for: 42,236,638.79 Shares voted against: 9,596,930.04 Shares abstaining: 37,689.00 Broker non-votes: 2,535,489.00 3. Power Integrations' stockholders ratified the selection by the Audit Committee of the Board of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for its fiscal year ending December 31, 2024. The tabulation of votes on this matter was as follows: Shares voted for: 53,816,612.79 Shares voted against: 510,910.04 Shares abstaining: 79,224.00 Brok

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

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. Power Integrations, Inc. Dated: May 21, 2024 By: /s/ S ANDEEP N AYYAR Sandeep Nayyar Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR