Vishay Intertechnology Files 2024 10-K

TL;DR

Vishay's 2024 10-K is in. Check financials for Class A/B stock performance.

AI Summary

Vishay Intertechnology Inc. filed its 10-K for the fiscal year ending December 31, 2024. The filing details the company's financial performance and operations, including its business address at 63 Lancaster Avenue, Malvern, PA. Key financial data and stock information, such as Class A and Class B common stock, are presented for the fiscal years 2022, 2023, and 2024.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Vishay Intertechnology's financial health and strategic positioning for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently contain new, significant risks beyond those typically associated with a publicly traded company.

Key Numbers

• 2024 — Fiscal Year End (The primary period covered by the 10-K report.)
• 2023 — Previous Fiscal Year (Comparative financial data is typically presented against the prior year.)
• 2022 — Prior Fiscal Year (Provides a longer-term view of financial trends.)

Key Players & Entities

• Vishay Intertechnology Inc. (company) — Filer of the 10-K
• 63 Lancaster Avenue, Malvern, PA (location) — Company's business and mailing address
• 2024-12-31 (date) — Fiscal year end
• 2025-02-14 (date) — Filing date
• Class A Common Stock (security) — Stock type detailed in the filing
• Class B Convertible Common Stock (security) — Stock type detailed in the filing

FAQ

Key Financial Figures

• $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan
• $22.30 — cently completed second fiscal quarter ($22.30 on June 29, 2024), assuming conversion

Filing Documents

• form10k.htm (10-K) — 4717KB
• exhibit21.htm (EX-21) — 66KB
• exhibit23-1.htm (EX-23.1) — 9KB
• exhibit31-1.htm (EX-31.1) — 20KB
• exhibit31-2.htm (EX-31.2) — 20KB
• exhibit32-1.htm (EX-32.1) — 11KB
• exhibit32-2.htm (EX-32.2) — 11KB
• exhibit10-41.htm (EX-10.41) — 12KB
• exhibit19-1.htm (EX-19.1) — 81KB
• image00012.jpg (GRAPHIC) — 84KB
• image00014.jpg (GRAPHIC) — 38KB
• 0000103730-25-000017.txt ( ) — 20743KB
• vsh-20241231.xsd (EX-101.SCH) — 87KB
• vsh-20241231_cal.xml (EX-101.CAL) — 120KB
• vsh-20241231_def.xml (EX-101.DEF) — 624KB
• vsh-20241231_lab.xml (EX-101.LAB) — 1532KB
• vsh-20241231_pre.xml (EX-101.PRE) — 896KB
• form10k_htm.xml (XML) — 4296KB

Business

Item 1. Business 4

Risk Factors

Item 1A. Risk Factors 16

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 26

Cybersecurity

Item 1C. Cybersecurity 26

Properties

Item 2. Properties 27

Legal Proceedings

Item 3. Legal Proceedings 29

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 29 Information About Our Executive Officers 30 PART II

Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 31

[Reserved]

Item 6. [Reserved] 32

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 33

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 60

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 62

Changes In and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 62

Controls and Procedures

Item 9A. Controls and Procedures 62

Other Information

Item 9B. Other Information 64

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 64 PART III

Directors, Executive Officers, and Corporate Governance

Item 10. Directors, Executive Officers, and Corporate Governance 64

Executive Compensation

Item 11. Executive Compensation 64

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 64

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 64

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 64 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 65

Form 10-K Summary

Item 16. Form 10-K Summary 68

SIGNATURES

SIGNATURES 69 Consolidated Financial Statements Report of Independent Registered Public Accounting Firm F-2 Consolidated Balance Sheets as of December 31, 2024 and 2023 F-4 Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022 F-6 Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023, and 2022 F-7 Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023, and 2022 F-8 Consolidated Statements of Stockholders' Equity for the years ended December 31, 2024, 2023, and 2022 F-9 Notes to the Consolidated Financial Statements F-10 3 PART I

BUSINESS

Item 1. BUSINESS Our Business Vishay Intertechnology, Inc. ("Vishay," the "Company," "we," "us," or "our") manufactures one of the world's largest portfolios of discrete semiconductors and passive electronic components that support innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay brands itself as The DNA of tech . Semiconductors include MOSFETs, diodes, and optoelectronic components. Passive components include resistors, inductors, and capacitors. Our semiconductor components are used for a wide variety of functions, including power control, power conversion, power management, signal switching, signal routing, signal blocking, signal amplification, two-way data transfer, one-way remote control, and circuit isolation. Our passive components are used to restrict current flow, suppress voltage increases, store and discharge energy, control alternating current ("AC") and voltage, filter out unwanted electrical signals, and perform other functions. The Vishay Story For over six decades we have been building what we call The DNA of tech. TM The Vishay journey began with one man, the late Dr. Felix Zandman, and a revolutionary technology. In the 1950's, Dr. Felix Zandman was issued patents for his PhotoStress coatings and instruments, used to reveal and measure the distribution of stresses in structures such as airplanes and cars under live load conditions. His research in this area led him to develop Bulk Metal foil resistors – ultra-precise, ultra-stable resistors with performance exceeding any other resistor available to date. In 1962, Dr. Zandman, with a loan from the late Alfred P. Slaner, founded Vishay to develop and manufacture Bulk Metal foil resistors. Concurrently, J.E. Starr developed foil resistance strain gages, which also became part of Vishay. Throughout the 1960's and 1970's, Vishay established itself as a technical and market le

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View this 10-K filing on SEC EDGAR