Power Integrations Inc. Files Definitive Proxy Statement

TL;DR

<b>Power Integrations Inc. has filed its Definitive Proxy Statement for the period ending December 31, 2023.</b>

AI Summary

POWER INTEGRATIONS INC (POWI) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: January 1, 2023 - December 31, 2023. Company: Power Integrations Inc. Ticker: POWI. Filing Date: 2024-03-29.

Why It Matters

For investors and stakeholders tracking POWER INTEGRATIONS INC, this filing contains several important signals. This filing is a routine DEF 14A, indicating it's a proxy statement related to shareholder meetings and corporate governance matters. The filing covers the fiscal year ending December 31, 2023, providing details on executive compensation, board proposals, and other shareholder-related information.

Risk Assessment

Risk Level: low — POWER INTEGRATIONS INC shows low risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure and does not contain new financial performance data or significant strategic shifts.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and governance.

Key Numbers

• 2024-03-29 — Filing Date (Date of filing)
• 2023-12-31 — Fiscal Year End (End of reporting period)
• 2023-01-01 — Reporting Period Start (Start of reporting period)

Key Players & Entities

• POWER INTEGRATIONS INC (company) — Filer
• POWI (company) — Ticker Symbol

FAQ

Industry Context

Power Integrations Inc. operates in the semiconductor industry, specifically focusing on power management integrated circuits.

Regulatory Implications

As a publicly traded company, Power Integrations Inc. is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

What Investors Should Do

1. Analyze executive compensation details within the proxy statement.
2. Review board member nominations and any related proposals.
3. Identify any shareholder proposals and the company's stance on them.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings in terms of financial performance or strategic direction.

Filing Documents

• powi-20240322xdef14a.htm (DEF 14A) — 1477KB
• powi-20240322xdef14a_a003.jpg (GRAPHIC) — 8KB
• powi-20240322xdef14a_a016.jpg (GRAPHIC) — 72KB
• powi-20240322xdef14a_a017.jpg (GRAPHIC) — 65KB
• powi-20240322xdef14a_a018.jpg (GRAPHIC) — 58KB
• powi-20240322xdef14a_bg001.jpg (GRAPHIC) — 141KB
• powi-20240322xdef14a_bg002.jpg (GRAPHIC) — 109KB
• 0000833640-24-000074.txt (&nbsp;) — 3548KB
• powi-20240322.xsd (EX-101.SCH) — 7KB
• powi-20240322_def.xml (EX-101.DEF) — 10KB
• powi-20240322_lab.xml (EX-101.LAB) — 15KB
• powi-20240322_pre.xml (EX-101.PRE) — 7KB
• powi-20240322xdef14a_htm.xml (XML) — 323KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 23 EQUITY COMPENSATION PLAN INFORMATION 25 DELINQUENT SECTION 16(a) REPORTS 26 COMPENSATION OF DIRECTORS 27 COMPENSATION OF EXECUTIVE OFFICERS 29 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 45 PAY VERSUS PERFORMANCE DISCLOSURE 45 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 48 HOUSEHOLDING OF PROXY MATERIALS 49 OTHER MATTERS 49 Table of Contents QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING Why am I receiving these materials? The Board of Power Integrations is soliciting your proxy to vote at the 2024 Annual Meeting of Stockholders (the "Annual Meeting"), including at any adjournments or postponements thereof. You are invited to attend the Annual Meeting to vote on the proposals described in this proxy statement. However, you do not need to attend the Annual Meeting to vote your shares. Instead, you may simply complete, sign and return a proxy card, or follow the instructions below or in the Notice described below to submit your proxy over the telephone or the internet. Why did I receive a Notice in the mail regarding the availability of proxy materials on the internet? We are pleased to take advantage of rules of the Securities and Exchange Commission (the "SEC") that allow companies to furnish their proxy materials over the internet. Accordingly, we are sending to most of our stockholders of record a Notice of Internet Availability of Proxy Materials (the "Notice") on or about March 29, 2024. To those that we do not send a Notice, we will send a full set of proxy materials, which include this proxy statement and an annual report to stockholders, on or about the same date. All stockholders will have the ability to access the proxy materials on the website referred to in the Notice or request to receive a printed set of the proxy materials. Instructions on how to access the proxy materials over the internet or to request a printed copy

View Full Filing

View this DEF 14A filing on SEC EDGAR