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 23, 2017
   

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. ☐

Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
 
(e) Compensatory Arrangements of Certain Officers
 
Vishay Intertechnology, Inc. ("Vishay") held its Annual Meeting of Stockholders on May 23, 2017. Vishay's stockholders voted to approve the amended and restated Vishay Intertechnology, Inc. 162(m) Cash Bonus Plan (the "Plan"). The amended and restated Plan is substantially similar to the Plan last approved by stockholders in 2012.
 
The foregoing description is qualified in its entirety by reference to the Plan, which is incorporated herein by reference to Annex A to Vishay's definitive proxy statement, dated March 31, 2017, for its 2017 Annual Meeting of Stockholders.
 

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

At the Annual Meeting of Stockholders, Vishay's stockholders elected three directors 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, 2017, voted on an advisory basis to approve Vishay's executive compensation, voted on an advisory basis to submit executive compensation to an advisory vote on a triennial basis, and approved the amended and restated Vishay Intertechnology Section 162(m) Cash Bonus 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 2020
 
   
For
   
Withheld
   
Broker Non-Votes
 
Dr. Abraham Ludomirski
                 
  Common stock
   
90,229,947
     
22,088,520
     
8,856,279
 
  Class B common stock
   
12,039,494
     
18,021
     
262
 
  Total voting power
   
210,624,887
     
22,268,730
     
8,858,899
 
Ronald Ruzic
                       
  Common stock
   
107,066,204
     
5,252,263
     
8,856,279
 
  Class B common stock
   
12,039,494
     
18,021
     
262
 
  Total voting power
   
227,461,144
     
5,432,473
     
8,858,899
 
Raanan Zilberman
                       
  Common stock
   
111,343,995
     
974,472
     
8,856,279
 
  Class B common stock
   
12,057,515
     
-
     
262
 
  Total voting power
   
231,919,145
     
974,472
     
8,858,899
 
 
Ratification of Appointment of Independent Registered Public Accounting Firm
 
   
For
   
Against
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
117,305,931
     
3,772,604
     
96,211
     
-
 
  Class B common stock
   
12,057,777
     
-
     
-
     
-
 
  Total voting power
   
237,883,701
     
3,772,604
     
96,211
     
-
 
 
Advisory Vote on Executive Compensation
 
   
For
   
Against
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
101,554,328
     
10,566,217
     
197,922
     
8,856,279
 
  Class B common stock
   
12,039,494
     
18,021
           
262
 
  Total voting power
   
221,949,268
     
10,746,427
     
197,922
     
8,858,899
 
 
Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation
 
   
Triennially
   
Biannually
   
Annually
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
21,470,380
     
103,741
     
89,471,165
     
1,273,181
     
8,856,279
 
  Class B common stock
   
11,191,597
     
847,897
     
18,021
     
-
     
262
 
  Total voting power
   
133,386,350
     
8,582,711
     
89,651,375
     
1,273,181
     
8,858,899
 
 
Approval of the Amended and Restated Vishay Intertechnology Section 162(m) Cash Bonus Plan
 
   
For
   
Against
   
Abstain
   
Broker Non-Votes
 
  Common stock
   
105,509,805
     
6,617,902
     
190,760
     
8,856,279
 
  Class B common stock
   
12,057,515
     
-
     
-
     
262
 
  Total voting power
   
226,084,955
     
6,617,902
     
190,760
     
8,858,899
 

Item 8.01 – Other Events.

Cash Dividend Declaration

On May 23, 2017, Vishay declared a quarterly cash dividend of $0.0625 per share of common stock and Class B common stock outstanding payable on June 29, 2017 to stockholders of record at the close of business on June 15, 2017. 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

Exhibit No.
 
Description
 
       
10.1   Amended and restated Vishay Intertechnology, Inc. 162(m) Cash Bonus Plan. Incorporated by reference to Annex A to our definitive proxy statement, dated March 31, 2017, for our 2017 Annual Meeting of Stockholders.
99.1
 
Press release dated May 23, 2017.


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 23, 2017

 
VISHAY INTERTECHNOLOGY, INC.

 
By:
/s/ Lori Lipcaman

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