Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
VSH > SEC Filings for VSH > Form 8-K on 11-Dec-2013All Recent SEC Filings




Change in Directors or Principal Officers

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

On December 5, 2013, the Compensation Committee of the Board of Directors of Vishay Intertechnology, Inc. (the "Company") approved certain amendments (the "Amendments") to long-term equity incentive awards granted to Mr. Marc Zandman, Dr. Gerald Paul, and Ms. Lori Lipcaman in 2011 (the "2011 Awards") pursuant to the Company's 2007 Stock Incentive Program, as amended. The 2011 Awards included performance-based restricted stock units ("PBRSUs"). Pursuant to their original terms, the PBRSUs would vest on January 1, 2014 only if all of the associated performance criteria were met for the three-year period ending December 31, 2013. Pursuant to the Amendments, 75% of the PBRSUs of each of Mr. Zandman, Dr. Paul and Ms. Lipcaman vested effective December 5, 2013, in the numbers set forth below, in light of the Committee's assessment that the performance criteria will be achieved in substantial part by December 31, 2013.

      Name                         Position Held                   PBRSUs Vested
Mr. Marc Zandman  Executive Chairman of the Board, Chief Business     29,096
                  Development Officer, and President - Vishay
                  Israel Ltd
Dr. Gerald Paul   President and Chief Executive Officer               63,228

Ms. Lori Lipcaman Executive Vice President and Chief Financial 5,986 Officer

  Add VSH to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for VSH - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.