other material
confidence high
sentiment positive
materiality 0.60
Vishay authorizes repurchase of 3.0 million shares; adjusts 2025 convertible note conversion rate
VISHAY INTERTECHNOLOGY INC
- Board approved new authorization of 3.0 million shares for repurchase; 1.2 million shares remained from prior authorization.
- Conversion rate for 2.25% Convertible Senior Notes due 2025 adjusted to 32.2205 shares per $1,000 principal, effective conversion price $31.04.
- No adjustment for 2.25% Convertible Senior Notes due 2030.
- Repurchase is part of Stockholder Return Policy targeting at least 70% of free cash flow returned to shareholders.