VICOR CORPORATION (NASDAQ:VICR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 25, 2017, David T. Riddiford, a member of the Board of Directors (the “Board”), informed the Registrant that he would not be standing for re-election to the Board at the Company’s 2017 Annual Meeting of Stockholders, to be held June 16, 2017, following his 33 years of service to the Company. Mr. Riddiford’s decision not to stand for re-election is not due to a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
About VICOR CORPORATION (NASDAQ:VICR)
Vicor Corporation designs, develops, manufactures and markets modular power components and power systems for converting, regulating and controlling electric current. The Company offers a range of subsystems, utilizing its modular components. Its segments include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, manufactures and markets modular direct current-direct current converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU operations of Vicor Japan Company, Ltd. (VJCL). The VI Chip segment includes VI Chip Corporation, which designs, develops, manufactures and markets advanced power component products. The VI Chip segment also includes the VI Chip business conducted through VJCL. The Picor segment includes Picor Corporation (Picor), which designs, develops, manufactures and markets integrated circuits and related products for use in a range of power management and power system applications. VICOR CORPORATION (NASDAQ:VICR) Recent Trading Information
VICOR CORPORATION (NASDAQ:VICR) closed its last trading session up +0.25 at 18.20 with 132,154 shares trading hands.
