Power Integrations Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Item 5.02(b).
On February 3, 2025, Balu Balakrishnan notified the Company that he intends to retire from his position as president and chief executive officer. His decision to retire was not the result of any dispute or disagreement with the company or the board. Mr. Balakrishnan will continue to serve as president and chief executive officer until such time that the company’s board of directors appoints a new chief executive officer. The company’s board of directors has retained an executive search firm to assist in identifying its next chief executive officer. Mr. Balakrishnan will continue to serve as Chairman of the Board during this transition and thereafter is expected to remain a member of the board of directors.
A copy of the Company’s press release announcing Mr. Balakrishnan’s retirement is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit 104 | Cover Page Interactive Data File (Formatted as Inline XBRL) |
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: | February 7, 2025 | By: | /s/ SANDEEP NAYYAR |
Sandeep Nayyar | |||
Chief Financial Officer | |||