secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0000833640-22-000139
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations appoints former Ford electrification exec Nancy Gioia to board
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- Nancy Gioia appointed to board effective Jan 1, 2023; brings 33+ years at Ford including director of global electrification.
- Initial RSU grant valued at ~$60,000, vesting at the 2023 annual meeting (May 19, 2023).
- Annual equity compensation starting July 1, 2023: RSUs valued at $120,000 under Directors Equity Compensation Program.
- Quarterly cash retainer of $11,250 for board service; standard indemnity agreement to be executed.
- Gioia also serves on boards of Lucid Group (LCID) and Brady Corporation (BRC).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364022000139/0000833640-22-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364022000139/powi-20221221x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-22-000139

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