8-K
filed May 23, 2023, 7:59 PM ET
ticker POWI
CIK 0000833640
other material
confidence high
sentiment neutral
materiality 0.05
Power Integrations annual meeting results: all director nominees elected, say-on-pay approved
POWER INTEGRATIONS INC
- All seven director nominees elected, including Balu Balakrishnan and Ravi Vig, with votes ranging from 49.6M to 52.7M for.
- Advisory say-on-pay approved: 50.2M shares for, 2.3M against.
- Stockholders chose a one-year frequency for say-on-pay advisory votes (49.9M shares for one year).
- Ratification of Deloitte & Touche LLP as auditor for FY2023 passed with 54.0M shares for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
POWER INTEGRATIONS INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation (one year preference) at the 2023-05-19 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-19
Exact text from the filing
Power Integrations’ stockholders indicated, on an advisory basis, a preference for a one-year frequency of stockholder advisory votes on the compensation of Power Integrations’ named executive officers. The tabulation of votes on this matter was as follows: Shares voted for one year: 49,892,420.79 Shares voted for two years: 19,545.00 Shares voted for three years: 2,277,594.00 Shares abstaining: 237,724.00 Broker non-votes: 2,666,083.00
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
POWER INTEGRATIONS INC shareholders approved Election of seven nominees to serve as directors until the 2024 annual meeting at the 2023-05-19 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-19
Exact text from the filing
Power Integrations’ stockholders elected to the Board of Directors of the Company (the “Board”) each of the following seven nominees as directors to serve until the Company’s 2024 annual meeting of stockholders and until their successors are duly elected and qualified. The tabulation of votes on this matter was as follows: Nominee Shares Voted For Shares Withheld Wendy Arienzo 52,147,421.79 647,159.00 Balu Balakrishnan 50,961,621.79 1,832,959.00 Nicholas E. Brathwaite 49,898,179.79 2,896,401.00 Anita Ganti 52,579,211.79 215,369.00 Nancy Gioia 52,647,385.79 147,195.00 Balakrishnan S. Iyer 49,647,009.79 3,147,571.00 Ravi Vig 52,671,538.79 123,042.00 There were 2,298,786.00 broker non-votes for this proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
POWER INTEGRATIONS INC shareholders approved Advisory vote on the compensation of named executive officers at the 2023-05-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-19
Exact text from the filing
Power Integrations’ stockholders approved, on an advisory basis, the compensation of Power Integrations’ named executive officers, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows: Shares voted for: 50,162,079.81 Shares voted against: 2,307,697.98 Shares abstaining: 324,803.00 Broker non-votes: 2,298,786.00
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
POWER INTEGRATIONS INC shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-19 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-19
Exact text from the filing
Power Integrations’ stockholders ratified the selection by the Audit Committee of the Board of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for its fiscal year ending December 31, 2023. The tabulation of votes on this matter was as follows: Shares voted for: 53,995,193.79 Shares voted against: 1,055,492.00 Shares abstaining: 42,681.00 Broker non-votes: —
View on SEC.gov
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