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IXYS > SEC Filings for IXYS > Form 8-K on 23-May-2013All Recent SEC Filings

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Form 8-K for IXYS CORP /DE/


Entry into a Material Definitive Agreement, Change in Directors or Principal Offic

Item 1.01 Entry into a Material Definitive Agreement.

On May 17, 2013, the Board of Directors of IXYS Corporation ("IXYS") approved the adoption of the 2013 Equity Incentive Plan, under which 2,000,000 shares of the common stock of IXYS will be reserved for the grant of equity incentives.

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

On May 17, 2013, the Compensation Committee of the Board of Directors of IXYS awarded Dr. Nathan Zommer, the Chairman of the Board and Chief Executive Officer, and Uzi Sasson, the President and Chief Financial Officer, $165,000 and $100,000, respectively, as cash performance compensation for fiscal 2013.

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