Vishay Intertechnology Confirms Non-Emerging Growth Status
Ticker: VSH · Form: 8-K · Filed: Jan 3, 2024 · CIK: 103730
| Field | Detail |
|---|---|
| Company | Vishay Intertechnology Inc (VSH) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, compliance
TL;DR
**Vishay is NOT an emerging growth company, meaning full SEC compliance.**
AI Summary
Vishay Intertechnology, Inc. filed an 8-K on January 3, 2024, reporting an event that occurred on December 29, 2023. This filing indicates that the company is not an 'emerging growth company' as defined by the SEC. This matters to investors because it signals that Vishay is a more established company, subject to full compliance with all new and revised financial accounting standards, which can imply greater regulatory scrutiny and potentially higher compliance costs compared to emerging growth companies.
Why It Matters
This filing clarifies Vishay's regulatory status, indicating it's a mature company fully subject to all SEC reporting requirements, which can impact investor perception of its stability and compliance burden.
Risk Assessment
Risk Level: low — This filing is purely informational regarding the company's regulatory status and does not introduce new financial or operational risks.
Analyst Insight
Investors should note that Vishay is a fully mature reporting company, implying standard regulatory oversight and no special accounting transition periods. This reinforces its status as an established entity.
Key Players & Entities
- Vishay Intertechnology, Inc. (company) — the registrant filing the 8-K
- December 29, 2023 (date) — date of earliest event reported
- January 3, 2024 (date) — date the 8-K was filed
- 63 Lancaster Avenue, Malvern, PA 19355 (address) — principal executive offices of Vishay Intertechnology, Inc.
- 610-644-1300 (phone_number) — registrant's telephone number
Forward-Looking Statements
- Vishay Intertechnology will continue to adhere to all standard financial accounting and reporting requirements without utilizing any extended transition periods. (Vishay Intertechnology, Inc.) — high confidence, target: Ongoing
FAQ
What is the purpose of this 8-K filing by Vishay Intertechnology, Inc.?
The 8-K filing by Vishay Intertechnology, Inc. serves to report an event that occurred on December 29, 2023, specifically indicating that the company is not an 'emerging growth company' as defined by the Securities Act of 1933 or the Securities Exchange Act of 1934.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 29, 2023.
What does it mean for Vishay Intertechnology, Inc. to not be an 'emerging growth company'?
By indicating it is not an 'emerging growth company,' Vishay Intertechnology, Inc. confirms it has not elected to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of 1934. This means it is subject to full compliance with all accounting standards.
What is the business address and phone number of Vishay Intertechnology, Inc. as stated in the filing?
The business address of Vishay Intertechnology, Inc. is 63 Lancaster Avenue, Malvern, PA 19355-2143, and its telephone number is 610-644-1300.
Under which SEC Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-01-03 16:03:26
Key Financial Figures
- $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan
Filing Documents
- form8-k.htm (8-K) — 27KB
- 0000103730-24-000002.txt ( ) — 159KB
- vsh-20231229.xsd (EX-101.SCH) — 4KB
- vsh-20231229_lab.xml (EX-101.LAB) — 22KB
- vsh-20231229_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
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 Date of Report (date of earliest event reported) December 29, 2023 Vishay Intertechnology, Inc. (Exact name of registrant as specified in its charter) Delaware 1-7416 38-1686453 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 63 Lancaster Avenue Malvern , PA 19355 -2143 (Address of Principal Executive Offices) Registrant's telephone number, including area code 610 - 644-1300 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of exchange on which registered Common stock, par value $0.10 per share VSH New York Stock Exchange Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 29, 2023, the Board of Directors (the "Board") of Vishay Intertechnology, Inc. ("Vishay" or the "Company") promoted Michael O'Sullivan, 48, Senior Vice President and Corporate General Counsel, to the newly-created position of Executive Vice President – Chief Administrative and Legal Officer, effective January 1, 2024. Mr. O'Sullivan has served as Corporate General Counsel since joining the Company in 2012. As of the date hereof, no additional compensation or benefits have been approved for Mr. O'Sullivan in connection with his promotion to the role of Executive Vice President – Chief Administrative and Legal Officer , and no new employment agreement has been entered into in connection with his promotion. There are no family relationships between Mr. O'Sullivan and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. Mr. O'Sullivan is not a party to, and does not have any direct or indirect material interest in, any current or proposed transaction requiring disclosure under Item 404(a) of Regulation S-K. 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: January 3, 2024 VISHAY INTERTECHNOLOGY, INC. By: /s/ Lori Lipcaman Name: Lori Lipcaman Title: Executive Vice President and Chief Financial Officer