Power Integrations Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
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Item 5.07. Submission of matters to a Vote of Security Holders
Power Integrations, Inc. (“Power Integrations” or the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”) on May 15, 2025. The following is a brief description of each matter voted upon at the Annual Meeting, as well as the final tally of the number of votes cast for or against each matter, and the number of abstentions and broker non-votes with respect to each matter.
1.Power Integrations’ stockholders elected to the Board of Directors of the Company (the “Board”) each of the following eight nominees as directors to serve until the Company’s 2026 annual meeting of stockholders and until their successors are duly elected and qualified. The tabulation of votes on this matter was as follows:
There were 2,538,981.00 broker non-votes for this proposal.
2.Power Integrations’ stockholders approved, on an advisory basis, the compensation of Power Integrations’ named executive officers, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows:
Shares voted for: | 40,587,596.40 | |
Shares voted against: | 11,633,564.26 | |
Shares abstaining: | 28,011.00 | |
Broker non-votes: | 2,538,981.00 |
3.Power Integrations’ stockholders ratified the selection by the Audit Committee of the Board of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for its fiscal year ending December 31, 2025. The tabulation of votes on this matter was as follows:
Shares voted for: | 53,687,480.71 | |
4.Power Integrations’ stockholders approved the amendment and restatement of the Power Integrations, Inc. restated certificate of incorporation to eliminate supermajority voting requirements, as described in the proxy statement. The tabulation of votes on this matter was as follows:
5.Power Integrations’ stockholders approved the amendment and restatement of the Power Integrations, Inc. 2016 Incentive Award Plan to increase the maximum dollar value of equity awards and cash paid to non-employee directors in any single fiscal year from $300,000 to $750,000, as described in the proxy statement. The tabulation of votes on this matter was as follows:
6.Power Integrations’ stockholders voted against the stockholder advisory proposal regarding requesting the Board of Directors to adopt a policy and amend governing documents in order that two separate individuals hold the office of Chairman of the Board and the office of the Chief Executive Officer. The tabulation of votes on this matter was as follows:
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: | May 16, 2025 | By: | /s/ SANDEEP NAYYAR |
Sandeep Nayyar | |||
Chief Financial Officer | |||