Vishay Intertechnology, Inc. (NYSE: VSH) 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
(d)Election of Directors
On November 27, 2018, the Board of Directors of Vishay Intertechnology, Inc. ("Vishay"), acting on the recommendation of its Nominating and Corporate Governance Committee, elected Mr. Michael J. Cody to the Vishay Board, effective immediately.Mr. Cody's term will expire at the 2019 Annual Meeting of Stockholders, at which time Mr. Cody will stand for election to the Vishay Board.The Board of Directors has concluded that Mr. Cody will qualify as an independent director to the New York Stock Exchange corporate governance standards. Mr. Cody has not been appointed to any Board committees.
Mr. Cody will be compensated on the same terms as our other non-management directors with his cash compensation pro-rated for the remainder of 2018. Compensation arrangements for directors are described under the heading "Director Compensation" in Vishay's Proxy Statement.
The press release announcing Mr. Cody's election is attached as Exhibit 99.1 to this report.
VISHAY INTERTECHNOLOGY INC ExhibitEX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Exhibit 99.1 Vishay Intertechnology Appoints Michael J. Cody to Its Board of Directors Malvern,…To view the full exhibit click here