secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0000833640-22-000056
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations adds $50M to share repurchase authorization
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- Board approved $50M addition to repurchase authorization on Feb 27, 2022.
- Company repurchased ~423,000 shares in Q4 2021 and ~820,000 shares in Jan 2022.
- Prior repurchase authorization exhausted; additional $100M had been allocated earlier in Feb.
- Total buyback allocated in early 2022 now at $150M when combining February actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364022000056/0000833640-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364022000056/powi-20220227x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-22-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer