{"schema_version":"secwatch.filing_event.v1","accession":"0000103730-24-000110","form_type":"8-K","ticker":"VSH","cik":"0000103730","company_name":"VISHAY INTERTECHNOLOGY INC","filed_at":"2024-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.964344+00:00","generated_at":"2026-05-31T01:59:15.057270+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vishay announces restructuring with $38-42M charges, targets $23M annual savings by 2026","bullets":["Pre-tax cash charges of $38-42 million, primarily severance, expected mostly in 3Q 2024.","Workforce reduction of approximately 795 employees: 170 SG&A, 365 direct labor from facility closures, and 260 from manufacturing changes.","Closure of three facilities: Diodes back-end Shanghai, China by end of 2026; Resistors in Fichtelberg, Germany and Milwaukee, WI by 2026.","Annualized cost savings of at least $23 million once fully implemented by end 2026; immediate savings of $9 million, additional $12 million from Q1 2025.","Restructuring is part of Vishay 3.0 growth strategy to optimize manufacturing footprint and streamline decision making."],"urls":{"canonical":"https://secwatch.observer/filing/0000103730-24-000110","json":"https://secwatch.observer/filing/0000103730-24-000110.json","markdown":"https://secwatch.observer/filing/0000103730-24-000110.md","text":"https://secwatch.observer/filing/0000103730-24-000110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/0000103730-24-000110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:59:15.057270+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62426ecabc2ecf80a75b40ac8e1fd0dce970c821","claim":"VISHAY INTERTECHNOLOGY INC announced a restructuring with charges of approximately $38 to $42 million affecting SG&A functions, Diodes segment back-end facility in Shanghai, China; Resistors segment facilities in Fichtelberg, Germany and Milwaukee, Wisconsin; various manufacturing operations (severance payments to approximately 170 employees, or 6% of the SG&A workforce; reduce its direct labor by approximately).","evidence_excerpt":"production transfers, which will result in severance payments to an additional approximately 260 employees. The Company expects to incur pre-tax cash charges of approximately $38 to $42 million, primarily related to severance costs, as a result of these programs, mostly in 3Q 2024. Once the program is fully implemented by the end of 2026, Vishay expects","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/0000103730-24-000110-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $38 to $42 million"},{"label":"Affected area","value":"SG&A functions, Diodes segment back-end facility in Shanghai, China; Resistors segment facilities in Fichtelberg, Germany and Milwaukee, Wisconsin; various manufacturing operations"},{"label":"Headcount","value":"severance payments to approximately 170 employees, or 6% of the SG&A workforce; reduce its direct labor by approximately"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}