0000103730-19-000021.txt : 20190514 0000103730-19-000021.hdr.sgml : 20190514 20190514170931 ACCESSION NUMBER: 0000103730-19-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190514 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20190514 DATE AS OF CHANGE: 20190514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISHAY INTERTECHNOLOGY INC CENTRAL INDEX KEY: 0000103730 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 381686453 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07416 FILM NUMBER: 19823759 BUSINESS ADDRESS: STREET 1: 63 LANCASTER AVENUE CITY: MALVERN STATE: PA ZIP: 19355 BUSINESS PHONE: 6106441300 MAIL ADDRESS: STREET 1: 63 LANCASTER AVENUE CITY: MALVERN STATE: PA ZIP: 19355 8-K 1 form8-k.htm VISHAY INTERTECHNOLOGY, INC. 8-K
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)     May 14, 2019
 
 

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
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:

 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.

(e) Compensatory Arrangements of Certain Officers

On May 14, 2019, the Compensation Committee of the Board of Directors approved an increase to the base salary of Joel Smejkal, Executive Vice President Business Head Passive Components, to $448,511, effective June 1, 2019.

Item 5.07 – Submission of Matters to a Vote of Security Holders.

Vishay Intertechnology, Inc. ("Vishay") held its Annual Meeting of Stockholders on May 14, 2019.  At the Annual Meeting of Stockholders, Vishay's stockholders elected three directors to hold office until the 2022 annual meeting and one director to hold office until the 2020 annual meeting, ratified the appointment of Ernst & Young LLP as Vishay's independent registered public accounting firm for the year ending December 31, 2019, voted on an advisory basis to approve Vishay's executive compensation, and voted on an advisory basis to submit executive compensation to an advisory vote on an annual basis.

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 2022
 
   
For
   
Withheld
   
Broker Non-Votes
 
Dr. Gerald Paul
                 
  Common stock
   
105,392,171
     
4,645,484
     
9,598,365
 
  Class B common stock
   
11,974,611
      18,021      
262
 
  Total voting power
   
225,138,281
     
4,825,694
     
9,600,985
 
Timothy V. Talbert
                       
  Common stock
   
108,374,471
     
1,663,184
     
9,598,365
 
  Class B common stock
   
11,974,611
     
18,021
     
262
 
  Total voting power
   
228,120,581
     
1,843,394
     
9,600,985
 
Thomas C. Wertheimer
                       
  Common stock
   
92,030,337
     
18,007,318
     
9,598,365
 
  Class B common stock
   
11,974,611
     
18,021
     
262
 
  Total voting power
   
211,776,447
     
18,187,528
     
9,600,985
 
 
Election of Director to Hold Office Until 2020

   
For
   
Withheld
   
Broker Non-Votes
 
Michael Cody
                 
  Common stock
   
109,339,944
     
697,711
     
9,598,365
 
  Class B common stock
   
11,992,632
      -      
262
 
  Total voting power
   
229,266,264
     
697,711
     
9,600,985
 

Ratification of Appointment of Independent Registered Public Accounting Firm
 
   
For
   
Against
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
116,202,927
     
3,281,923
     
151,170
      -  
  Class B common stock
   
11,958,550
      -      
34,344
     
-
 
  Total voting power
   
235,788,427
     
3,281,923
     
494,610
      -  





Advisory Vote on Executive Compensation

   
For
   
Against
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
104,884,799
     
3,848,415
     
1,304,441
      9,598,365  
  Class B common stock
   
11,958,288
      -      
34,344
     
262
 
  Total voting power
   
224,467,679
     
3,848,415
     
1,647,881
      9,600,985  

Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation

   
Annually
   
Biannually
    Triennially    
Abstain
  Common stock
   
97,369,619
     
162,413
     
12,403,116
      102,507
  Class B common stock
   
11,958,288
      -      
-
     
34,344
  Total voting power
   
216,952,499
     
162,413
     
12,403,116
      445,947





 
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 14, 2019

 
VISHAY INTERTECHNOLOGY, INC.

 
By:
/s/ Lori Lipcaman

 
Name:
Lori Lipcaman
 
Title:
Executive Vice President and
 
 
Chief Financial Officer