Vishay Intertechnology Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Material Impairments, Financial Statements and Exhibits
$VSH
Electrical Products
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Emerging growth company
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Item 2.02 – Results of Operations and Financial Condition
On February 5, 2025, Vishay Intertechnology, Inc. ("the Company") issued a press release announcing its financial results for the
fiscal quarter and year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this report.
Item 2.06 – Material Impairments
In connection with its preparation of financial statements for the fiscal quarter and year ended December 31, 2024, the Company
determined that an interim goodwill impairment test was required as of the end of the fourth fiscal quarter of 2024 for the MOSFETs reporting unit. Prior to completing the interim assessment of goodwill for impairment, the Company performed a
recoverability test of certain depreciable and amortizable long-lived assets within the MOSFETs reporting unit.
As a result of those assessments, the Company recorded a non-cash goodwill impairment charge of $66.5 million to write-off the
goodwill of its MOSFETs reporting unit. There was no impairment identified for the depreciable and amortizable long-lived assets tested for recoverability. Further information about the impairment charge will be provided in the Company's
Annual Report on Form 10-K.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
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Exhibit No.
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Description
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Signature
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.
Date: February 5, 2025
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VISHAY INTERTECHNOLOGY, INC.
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By:
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/s/ David L. Tomlinson |
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Name:
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David L. Tomlinson
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Title:
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Senior Vice President – Chief Accounting Officer
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