Vishay Precision Group, Inc. (NYSE:VPG) 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;
Vishay Precision Group, Inc. (NYSE:VPG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Compensatory Arrangements of Certain Officers.
On November 17, 2016, the Compensation Committee of the Board of Directors of Vishay Precision Group, Inc. (the “Company”) approved certain amendments to the employment agreements of William M. Clancy, the Company’s Executive Vice President and Chief Financial Officer, and Roland B. Desilets, the Company’s Vice President, General Counsel and Secretary (collectively, the “Amendments”). The Amendments extend the period of time during which the executives are entitled to receive continuation of their base salary following a termination without Cause (as such term is defined in their respective employment agreements) to eighteen (18) months after termination and provide the executives with COBRA continuation coverage of their health insurance following a termination without Cause until the eighteen (18) month anniversary of termination, or, if earlier, the date as of which the executive is eligible to receive health insurance through another group plan. The Amendments are expected to be included in amended and restated employment agreements of Messrs. Clancy and Desilets.
About Vishay Precision Group, Inc. (NYSE:VPG)
Vishay Precision Group, Inc. (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. Its Foil Technology Products segment includes foil resistor and strain gage operating segments. The Foil Technology Products segment’s brands include Alpha Electronics, Micro-Measurements, Powertron and Vishay Foil Resistors. The Force Sensors segment includes load cells and force measurement transducers that are offered as precision sensors for industrial and commercial use. The Weighing and Control Systems segment designs and manufactures systems that consists of load cells and instrumentation for weighing and force control/measurement for a range of uses, including on-board weighing and overload monitor systems. The segment’s brands include BLH Nobel, KELK and VPG Onboard Weighing. Vishay Precision Group, Inc. (NYSE:VPG) Recent Trading Information
Vishay Precision Group, Inc. (NYSE:VPG) closed its last trading session up +0.20 at 19.00 with 20,878 shares trading hands.
Vishay Precision Group, Inc. (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. Its Foil Technology Products segment includes foil resistor and strain gage operating segments. The Foil Technology Products segment’s brands include Alpha Electronics, Micro-Measurements, Powertron and Vishay Foil Resistors. The Force Sensors segment includes load cells and force measurement transducers that are offered as precision sensors for industrial and commercial use. The Weighing and Control Systems segment designs and manufactures systems that consists of load cells and instrumentation for weighing and force control/measurement for a range of uses, including on-board weighing and overload monitor systems. The segment’s brands include BLH Nobel, KELK and VPG Onboard Weighing. Vishay Precision Group, Inc. (NYSE:VPG) Recent Trading Information
Vishay Precision Group, Inc. (NYSE:VPG) closed its last trading session up +0.20 at 19.00 with 20,878 shares trading hands.
