Vishay Intertechnology Files 8-K with Financial Updates

TL;DR

Vishay Intertechnology filed an 8-K on 8/15 for events on 8/13, mostly financial statements/exhibits.

AI Summary

Vishay Intertechnology, Inc. filed an 8-K on August 15, 2024, reporting on events that occurred on August 13, 2024. The filing primarily concerns financial statements and exhibits, indicating potential updates or disclosures related to the company's financial performance or significant business events. No specific dollar amounts or new business initiatives were detailed in the provided excerpt.

Why It Matters

This filing provides investors with updated financial information and disclosures, which can impact the company's stock valuation and investor confidence.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for financial statements and exhibits, which typically does not introduce new, high-impact risks.

Key Numbers

• 20240813 — Date of Earliest Event Reported (Indicates the date of the events triggering the 8-K filing.)
• 20240815 — Filing Date (The date the 8-K was officially submitted to the SEC.)

Key Players & Entities

• Vishay Intertechnology, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 63 Lancaster Avenue Malvern, PA 19355-2143 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.10 — ich registered Common stock, par value $0.10 per share VSH New York Stock Exchan
• $300 million — t, has been increased to the greater of $300 million and 15% of Consolidated Tangible Net Wo

Filing Documents

• form8-k.htm (8-K) — 36KB
• exhibit10-1.htm (EX-10.1) — 91KB
• exhibit99-1.htm (EX-99.1) — 12KB
• 0000103730-24-000104.txt ( ) — 289KB
• vsh-20240813.xsd (EX-101.SCH) — 4KB
• vsh-20240813_lab.xml (EX-101.LAB) — 22KB
• vsh-20240813_pre.xml (EX-101.PRE) — 16KB
• form8-k_htm.xml (XML) — 4KB

01 – Other Events

Item 8.01 – Other Events Credit Agreement Amendment On August 15, 2024, Vishay Intertechnology, Inc. ("Vishay") entered into a First Amendment to the Credit Agreement among Vishay Intertechnology, Inc. and JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other parties thereto ("First Amendment"). The First Amendment makes the following modifications to the Credit Agreement dated as of June 5, 2019, as amended and restated as of May 8, 2023 (the "Amended and Restated Credit Agreement"): The Interest Coverage Ratio has been redefined for any test period ending on or after September 28, 2024, to be the ratio of Consolidated EBITDA for such test period to Consolidated Cash Interest Expense, as those terms are defined in the Amended and Restated Credit Agreement, for such test period. The required Interest Coverage Ratio for any test period ending on or after September 28, 2024 has been changed to a minimum of 3.25 to 1.00, reflecting the revised definition. The threshold regarding Indebtedness of Foreign Subsidiaries, under the First Amendment, has been increased to the greater of $300 million and 15% of Consolidated Tangible Net Worth as of the last day of the fiscal quarter for which financial statements are delivered. The related threshold of Investments of Subsidiaries that are not Loan Parties, taken together with the aggregate amount of loans and advances as well as guarantees of any Indebtedness of such Subsidiaries has also been increased to $300 million. Other significant terms and conditions of the Amended and Restated Credit Agreement have not been modified. The foregoing description is qualified in its entirety by reference to the First Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Capitalized terms used but not defined herein have the meaning ascribed to such terms in the Amended and Restated Credit Agreement. Cash Dividend Declaration On August 13, 2024, Vishay declared a

01 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 First Amendment to the Amended and Restated Agreement, dated as of August 15, 2024, among Vishay Intertechnology, Inc. and JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other parties thereto. 99.1 Press Release dated August 13, 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: August 15, 2024 VISHAY INTERTECHNOLOGY, INC. By: /s/ David L. Tomlinson Name: David L. Tomlinson Title: Senior Vice President - Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR