VSH 8-K
Vishay Intertechnology Inc (VSH)
8-K
2026-05-18
For: 2026-05-18
View Original
Added on
May 18, 2026
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
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(Exact name of registrant as specified in its charter)
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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(Address of Principal Executive Offices)
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Zip Code
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Registrant's telephone number, including area code
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(Former name or former address, if changed since last report.)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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).
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Emerging growth company
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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:
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Title of each class
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Trading symbol
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Name of exchange on which registered
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Item 5.02 – Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Compensatory Arrangements of Certain Officers
Vishay Intertechnology,
Inc. ("Vishay") held its Annual Meeting of Stockholders on May 18, 2026. Vishay stockholders voted to approve Amendment No. 1 to the Vishay Intertechnology, Inc. 2023 Long-Term Incentive Plan (the "2023 Plan").
A listing of the changes reflected in the 2023 Plan is
summarized below:
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increase the number of shares available for issuance under the 2023 Plan by 6.0 million shares from approximately 6.0 million shares to approximately
12.0 million shares;
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extend the term of the 2023 Plan by approximately 3 years to the tenth anniversary of the approval of the amendment by our Board of Directors; and
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clarify that the 2023 Plan's feature for automatic exercise of expiring stock options only applies to the extent the
relevant option is then vested and exercisable. |
The foregoing description
is qualified in its entirety by reference to the 2023 Plan, which is incorporated herein by reference to Annex A to Vishay's proxy statement, dated April 8, 2026, for its 2026 Annual Meeting of Stockholders.
Item 5.07 – Submission of Matters to a Vote of Security Holders.
Vishay held its Annual Meeting of Stockholders on May 18, 2026. At the Annual Meeting of Stockholders, Vishay's stockholders elected four directors to hold office until the 2029 annual meeting, ratified the appointment of
Deloitte & Touche LLP as Vishay's independent registered public accounting firm for the year ending December 31, 2026, voted on an advisory basis to approve Vishay's executive compensation, and voted to approve Amendment No. 1 to the 2023
Long-Term Incentive Plan.
Each share of common stock is entitled to one vote, and each share of Class B common stock is entitled to ten votes.
The results of the votes of stockholders on each matter set forth at the Annual Meeting are as follows:
Election of Directors to Hold Office until 2029
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For |
Withheld |
Broker Non-Votes |
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| Michael J. Cody |
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| Common stock |
70,195,520
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33,678,479
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6,793,734
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| Class B common stock |
11,340,267
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18,021
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| Total voting power |
183,598,190
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33,858,689
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6,793,734
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| Dr. Abraham Ludomirski |
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| Common Stock |
48,751,033
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55,122,966
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6,793,734
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| Class B common stock |
11,340,267
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18,021 | - | ||||||||
| Total voting power |
162,153,703
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55,303,176
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6,793,734
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| John Malvisi |
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| Common stock |
103,197,566
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676,433
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6,793,734
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Class B common stock
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11,358,288
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- | - | ||||||||
| Total voting power |
216,780,446
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676,433
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6,793,734
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| Raanan Zilberman |
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| Common stock |
70,202,596 |
33,671,403 |
6,793,734 |
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| Class B common stock |
11,340,267 |
18,021 |
- |
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| Total
voting power |
183,605,266 |
33,851,613 |
6,793,734 |
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Ratification of Appointment of Independent Registered Accounting Firm
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For |
Against |
Abstain |
Broker Non-Votes |
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| Common stock |
109,860,392 |
364,017
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443,324
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| Class B common stock |
11,358,288 | - | - | - |
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| Total voting power |
223,443,272 |
364,017
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443,324
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Advisory Vote on Executive Compensation
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For |
Against |
Abstain |
Broker Non-Votes |
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| Common stock |
100,779,649 |
2,583,096
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511,254
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6,793,734
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| Class B common stock |
11,358,288 | - |
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| Total voting power |
214,362,529 |
2,583,096
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511,254
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6,793,734 |
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Approval of Amendment No. 1 to the 2023 Long-Term Incentive Plan
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For |
Against |
Abstain |
Broker Non-Votes |
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| Common stock |
97,074,915 |
6,302,036
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497,048
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6,793,734
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| Class B common stock |
11,358,288 | - |
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| Total voting power |
210,657,795 |
6,302,036
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497,048
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6,793,734 |
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Item 8.01 – Other Events
Cash Dividend Declaration
On May 18, 2026, Vishay declared a quarterly cash dividend of $0.10 per share of common stock and Class B common stock outstanding payable on
June 29, 2026 to stockholders of record at the close of business on June 18, 2026. A copy of the press release announcing the dividend declaration is attached as Exhibit 99.1 to this report.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
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Exhibit No.
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Description
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| 10.1 |
Amendment No. 1 to the Vishay
Intertechnology, Inc. 2023 Long-Term Incentive Plan. Incorporated by reference to Annex A to our definitive proxy statement, dated April 8, 2026, for our 2026 Annual Meeting of Stockholders. |
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| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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: May 18, 2026
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VISHAY INTERTECHNOLOGY, INC.
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By:
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/s/ David L. Tomlinson
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Name:
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David L. Tomlinson
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Title:
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Senior Vice President – Chief
Accounting Officer
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Exhibit 99.1
VISHAY INTERTECHNOLOGY DECLARES QUARTERLY DIVIDEND
MALVERN, Pa., May 18, 2026 - Vishay Intertechnology, Inc. (NYSE:VSH), one of the world's largest manufacturers of discrete
semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock to be paid June 29, 2026 to stockholders of record as of the close of
business on June 18, 2026. Future dividends will be subject to Board approval.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components
that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech®. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the
NYSE (VSH). More on Vishay at www.vishay.com.
Forward-Looking Statements
Statements contained herein that relate to the Company's future cash dividends on its common stock and Class B
common stock are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as “to be,” "will be," or other similar words or expressions often identify forward-looking
statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ
include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand due to political, economic, and health instability and military conflicts and hostilities; delays or
difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates;
uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition
candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same;
volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that
are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
The DNA of tech® is a trademark of Vishay Intertechnology.
Contact:
Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300