UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 3, 2024, the Company was informed by Yang Chiah Yee, vice president of worldwide sales, that he has accepted a similar role at another semiconductor company focused on the data-center market; the company does not compete with Power Integrations. Mr. Yee will remain in his current position until September 21, 2024 and will assist in transitioning the role to his successor.
Mr. Yee will be succeeded in the role of vice president of worldwide sales by Gagan Jain, 47, who is being promoted from the position of senior director of sales for the Americas region, a role he has held since 2016. Mr. Jain joined Power Integrations in 2013, initially managing the Company’s industrial and high-power gate-driver business in Japan before being promoted to director of sales for Japan. In all, Mr. Jain has 23 years of technical, marketing and sales experience. Prior to joining Power Integrations, he held various managerial positions at Infineon Technologies Japan in that company’s industrial module and bi-polar devices business; prior roles at other companies included business development and technical sales positions in India and Japan.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Power Integrations, Inc. | |||
Dated: | September 4, 2024 | By: | /s/ SANDEEP NAYYAR |
Sandeep Nayyar | |||
Chief Financial Officer | |||