Vishay Intertechnology stockholders approved an amendment to increase shares under its 2023 Long-Term Incentive Plan by 6.0 million and elected four directors, while the Board declared a $0.10 quarterly cash dividend.
Key takeaways
Stockholders approved Amendment No. 1 to the 2023 Long-Term Incentive Plan, increasing authorized shares by 6.0 million to approximately 12.0 million shares.
The term of the 2023 Plan was extended by approximately 3 years to the tenth anniversary of the Board's approval of the amendment.
Four directors were elected to serve until the 2029 annual meeting: Michael J. Cody, Dr. Abraham Ludomirski, John Malvisi, and Raanan Zilberman.
The Board declared a quarterly cash dividend of $0.10 per share of common stock and Class B common stock, payable on June 29, 2026 to stockholders of record on June 18, 2026.
Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026.