Vishay Intertechnology Updates Officer Compensation & Leadership
Ticker: VSH · Form: 8-K · Filed: Feb 29, 2024 · CIK: 103730
| Field | Detail |
|---|---|
| Company | Vishay Intertechnology Inc (VSH) |
| Form Type | 8-K |
| Filed Date | Feb 29, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.10, $1,190,000, $936,000, $510,000, $399,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: compensatory-arrangements, officer-changes, corporate-governance
TL;DR
**Vishay Intertechnology just updated executive pay and leadership, keep an eye on what that means for the stock!**
AI Summary
Vishay Intertechnology, Inc. filed an 8-K on February 29, 2024, reporting events that occurred on February 27, 2024. The filing addresses changes in compensatory arrangements for certain officers, specifically regarding the departure or election of directors and appointment of officers. This indicates potential shifts in executive compensation or leadership structure within the company.
Why It Matters
Changes in executive compensation and leadership can signal strategic shifts or financial health, impacting investor confidence and future company performance.
Risk Assessment
Risk Level: medium — Changes in executive compensation and leadership can introduce uncertainty regarding future company direction and stability.
Key Players & Entities
- Vishay Intertechnology, Inc. (company) — Registrant
- February 27, 2024 (date) — Date of earliest event reported
- February 29, 2024 (date) — Filing date
- Delaware (company) — State of Incorporation
- 63 Lancaster Avenue Malvern, PA 19355-2143 (company) — Principal Executive Offices
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 27, 2024.
What specific items were reported in this 8-K filing?
The 8-K reported on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 29, 2024.
What is the full name of the registrant?
The full name of the registrant is Vishay Intertechnology, Inc.
Where are Vishay Intertechnology, Inc.'s principal executive offices located?
Vishay Intertechnology, Inc.'s principal executive offices are located at 63 Lancaster Avenue, Malvern, PA 19355-2143.
Filing Stats: 1,859 words · 7 min read · ~6 pages · Grade level 12.3 · Accepted 2024-02-29 17:28:50
Key Financial Figures
- $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan
- $1,190,000 — c Zandman ILS 4,387,800 (approximately $1,190,000) (1) Joel Smejkal $936,000 Jeff Web
- $936,000 — imately $1,190,000) (1) Joel Smejkal $936,000 Jeff Webster ILS 1,887,000 (approxima
- $510,000 — f Webster ILS 1,887,000 (approximately $510,000) (1) David McConnell $399,000 Roy
- $399,000 — mately $510,000) (1) David McConnell $399,000 Roy Shoshani $552,000 Michael O'Su
- $552,000 M — vid McConnell $399,000 Roy Shoshani $552,000 Michael O'Sullivan $447,000 Peter Henr
- $447,000 — hoshani $552,000 Michael O'Sullivan $447,000 Peter Henrici $431,000 David Tomli
- $431,000 — l O'Sullivan $447,000 Peter Henrici $431,000 David Tomlinson $373,000 (1) Salary
- $373,000 — er Henrici $431,000 David Tomlinson $373,000 (1) Salary will be paid in Israeli she
Filing Documents
- form8-k.htm (8-K) — 56KB
- exhibit10-1.htm (EX-10.1) — 11KB
- exhibit10-2.htm (EX-10.2) — 13KB
- exhibit10-3.htm (EX-10.3) — 82KB
- exhibit10-4.htm (EX-10.4) — 14KB
- exhibit10-5.htm (EX-10.5) — 82KB
- exhibit10-6.htm (EX-10.6) — 12KB
- exhibit99-1.htm (EX-99.1) — 10KB
- 0000103730-24-000037.txt ( ) — 475KB
- vsh-20240227.xsd (EX-101.SCH) — 4KB
- vsh-20240227_lab.xml (EX-101.LAB) — 23KB
- vsh-20240227_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment to Employment Agreement, dated February 27, 2024, between Vishay Dale Electronics LLC (a wholly owned subsidiary of Vishay Intertechnology, Inc.), Vishay Intertechnology, Inc., and Joel Smejkal. 10.2 Amendment to Employment Agreement, dated February 27, 2024, between Vishay Israel Ltd. (a wholly owned subsidiary of Vishay Intertechnology, Inc.), Vishay Intertechnology, Inc., and Jeff Webster. 10.3 Employment Agreement, dated February 27, 2024, between Vishay Intertechnology, Inc., and David E. McConnell. 10.4 Amendment to Employment Agreement, dated February 27, 2024, between Siliconix incorporated (a wholly owned subsidiary of Vishay Intertechnology, Inc.), Vishay Intertechnology, Inc., and Roy Shoshani. 10.5 Employment Agreement, dated February 27, 2024, between Vishay Intertechnology, Inc., and Michael O'Sullivan. 10.6 Amendment to Employment Agreement, dated February 27, 2024, between Vishay Intertechnology, Inc., and Peter Henrici. 99.1 Press release dated February 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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 29, 2024 VISHAY INTERTECHNOLOGY, INC. By: /s/ Michael S. O'Sullivan Name: Michael S. O'Sullivan Title: Executive Vice President – Chief Administrative and Legal Officer