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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vishay Intertechnology | NYSE:VSH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.24 | -1.01% | 23.54 | 24.03 | 23.317 | 23.97 | 925,867 | 22:30:00 |
Date of Report (date of earliest event reported) February 23, 2021
|
|
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
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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 610-644-1300
|
(Former name or former address, if changed since last report.)
|
☐
|
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))
|
|
Emerging growth company
|
☐
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Title of each class
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Trading symbol
|
Name of exchange on which registered
|
Common stock, par value $0.10 per share
|
VSH
|
New York Stock Exchange
|
Name
|
2021 Base Salary
|
Marc Zandman
|
ILS 3,977,265 (approximately $1,160,000) (1)
|
Dr. Gerald Paul
|
€1,102,767 (approximately $1,260,000) (2)
|
Lori Lipcaman
|
€461,704 (approximately $530,000) (2)
|
Johan Vandoorn
|
€518,535 (approximately $590,000) (2)
|
David Valletta
|
$565,371
|
Joel Smejkal
|
$578,825
|
Clarence Tse
|
TWD 19,436,622 (approximately $660,000) (3)
|
Jeff Webster
|
ILS 1,571,960 (approximately $460,000) (1)
|
Andreas Randebrock
|
€334,758 (approximately $380,000) (2)
|
Name
|
Percentage
|
Lori Lipcaman
|
70%
|
Johan Vandoorn
|
50%
|
David Valletta
|
50%
|
Joel Smejkal
|
50%
|
Clarence Tse
|
40%
|
Jeff Webster
|
40%
|
Andreas Randebrock
|
40%
|
•
|
Mr. Zandman’s medical coverage (before and after his retirement) is expanded to include his dependents (regardless of age), as well as
their future spouses and children, up to an annual health insurance premium cap of $50,000. If the health insurance premiums in respect of Mr. Zandman, his spouse, and his dependent children under age 26 (the formerly covered group)
increase in future years, the annual health insurance premium cap will be increased accordingly, but there will be no increase in the cap if the premiums in respect of his children age 26 and over and their spouses and children
increase.
|
•
|
The amendment removes Mr. Zandman’s contractual right to reimbursement by Vishay of any excise tax payable by him personally on
compensation paid upon a change of control of Vishay. Under the amendment, if Mr. Zandman would otherwise receive “excess parachute payments” on a change of control of Vishay, he would receive only whichever of the following two
options would yield a greater after-tax benefit to him: (i) accepting all of the intended payments and paying the excise tax personally, or (ii) waiving the payments over the excise tax threshold such that no excise tax is payable.
|
•
|
The amendment also adds standard language under Section 409A of the Internal Revenue for US taxpayers providing for a six-month required
delay of certain payments made to key employees in connection with a separation from service.
|
Exhibit No.
|
|
Description
|
|
|
|
|
|
|
Press
release dated February 23, 2021
|
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document).
|
|
VISHAY INTERTECHNOLOGY, INC.
|
|
By:
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/s/ Lori Lipcaman
|
|
|
Name:
|
Lori Lipcaman
|
|
|
Title:
|
Executive Vice President and
|
|
|
|
Chief Financial Officer
|
1 Year Vishay Intertechnology Chart |
1 Month Vishay Intertechnology Chart |
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