kl02078.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)      February 25, 2008
 
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 No.)
 
63 Lancaster Avenue
Malvern, PA 19355
 
 
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))
 
 

 
 
 
 

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)  On February 25, 2008, the Compensation Committee of the Board of Directors of Vishay Intertechnology, Inc. (the “Company”) approved an increase in the annual salary of the Company’s Chief Executive Officer, and the Board of Directors of the Company, on the recommendation of the Compensation Committee, approved increases in the annual salaries of the Company’s other executive officers.  The new base salaries are effective January 1, 2008 and are set forth in the table below.


Name
  
Positions Held
  
2008 Base Salary
         
Dr. Felix Zandman
  
Executive Chairman of the Board, Chief Technical and Business
Development Officer
  
$975,000(1)
         
Dr. Gerald Paul
  
President and Chief Executive Officer
  
€752,776 (approximately $1,107,000)(2)
         
Richard N. Grubb
  
Executive Vice President and Chief Financial Officer
  
$484,380
         
Marc Zandman
  
Vice-Chairman of the Board, Chief Administration Officer, and President -
 Vishay Israel Ltd.
  
NIS 1,422,981 (approximately $385,000)(3)
         
Ziv Shoshani
  
Executive Vice President, Chief Operating Officer
  
NIS 1,201,329 (approximately $325,000)(3)
 
 

 
--------------------------------------------------
(1) – No change from prior year.
(2) – Salary paid in Euro.
(3) – Salary paid in Israeli shekels.

 
 

 
 
 
 

 
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: February 27, 2008

 
                      VISHAY INTERTECHNOLOGY, INC.

                    By: /s/ Richard N. Grubb             
                    Name: Richard N. Grubb
                    Title:   Executive Vice President and
                      Chief Financial Officer