other material
confidence high
sentiment neutral
materiality 0.25
Vishay adjusts conversion rate for 2.25% 2025 notes due to dividend
VISHAY INTERTECHNOLOGY INC
- Conversion rate for 2.25% Convertible Senior Notes due 2025 set at 32.1268 shares per $1,000 principal.
- Effective conversion price adjusted to $31.13 per share, effective December 12, 2023 (ex-dividend date).
- The 2.25% Convertible Senior Notes due 2030 were not impacted by the quarterly cash dividend.
- Adjustment is a routine anti-dilution provision of the notes indentures tied to the dividend program.