vishay_8k.htm
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): April 18, 2010
| Vishay Intertechnology,
Inc. |
| (Exact name of registrant as specified
in its charter) |
| Delaware |
|
1-7416 |
|
38-1686453 |
| (State or other jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
| of incorporation) |
|
File Number) |
|
Identification
No.) |
| 63 Lancaster Avenue |
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| Malvern, PA |
|
19355-2143 |
| (Address of principal executive
offices) |
|
(Zip
Code) |
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:
| o |
|
Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425) |
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| o |
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Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o |
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Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o |
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Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers
(d) Election of
Directors
On
April 18, 2010, the Board of Directors of Vishay Intertechnology, Inc.
(“Vishay”), acting on the recommendation of its Nominating and Corporate
Governance Committee, elected Mr. Frank D. Maier to the Vishay Board, effective
immediately, following the decision of Mr. Zvi Grinfas to resign from the Vishay
Board due to health reasons, effective May 31, 2010. Mr. Maier was
also elected to the Audit Committee and Strategic Affairs Committees of the
Board of Directors. Mr. Maier’s term will expire at the 2010 Annual
Meeting of Stockholders, scheduled for June 16, 2010, at which time Mr. Maier
will stand for election to the Vishay Board. The Board of Directors
has concluded that Mr. Maier will qualify as an independent director pursuant to
the New York Stock Exchange corporate governance standards.
In
connection with his appointment to the Board, and at the recommendation of its
Compensation Committee, the Board approved a grant of 7,500 restricted stock
units (“RSUs”) to Mr. Maier. The RSUs will vest on March 18, 2013,
with pro rata vesting upon earlier cessation of service. This grant is made
pursuant to the Vishay Intertechnology 2007 Stock Incentive
Program.
The
press release announcing Mr. Maier’s election is attached as Exhibit 99 to this
report.
Item 9.01 Financial Statements and
Exhibits
(d)
Exhibits
| Exhibit No. |
|
Description |
|
| 99 |
|
Press Release dated April 19,
2010 |
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: |
April 20, 2010 |
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VISHAY INTERTECHNOLOGY,
INC. |
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By: |
/s/ Lior E. Yahalomi |
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Name: |
Dr. Lior E. Yahalomi |
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Title: |
Executive Vice President
and |
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Chief Financial
Officer |