POWI boosts inducement share reserve to 850K; amends bylaws for proxy rules, forum selection

POWER INTEGRATIONS INC

Amended 2025 Inducement Award Plan adds 500,000 shares, total reserve now 850,000 shares.
Inducement awards limited to new employees as material hiring incentive under Nasdaq Listing Rule 5635(c)(4).
Bylaws updated to require stockholders and nominees to comply with universal proxy rules (Rule 14a-19).
Bylaws add exclusive forum provisions: Delaware Chancery for internal claims, federal courts for Securities Act claims.
Other bylaw amendments conform to DGCL, modernize indemnification, and clarify special meeting procedures.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

POWER INTEGRATIONS INC: Board amended and restated the bylaws to enhance stockholder nomination and proposal procedures, update meeting mechanics, add exclusive forum provisions, and make other updates, effective January 27, 2026 (effective 2026-01-27).

Change: bylaw amendment
Effective: 2026-01-27

Exact text from the filing

On January 27, 2026, the Board amended and restated the Company’s bylaws (as amended and restated, the “Bylaws”), effective as of such date.

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Source: SEC EDGAR

accession 0000833640-26-000016

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