VISHAY INTERTECHNOLOGY INC — Board/Management Information 2008

Feb 27, 2008

8-K 1 kl02078.htm FORM 8K CURRENT REPORT kl02078.htm Licensed to: Kramer Levin Document Created using EDGARizer 4.0.5.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

| UNITED
STATES SECURITIES
AND EXCHANGE COMMISSION Washington,
D.C. 20549 | | |
| --- | --- | --- |
| FORM
8-K | | |
| CURRENT
REPORT | | |
| Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934 | | |
| Date
of Report (Date of earliest event reported) F ebruary 25,
2008 | | |
| Vishay
Intertechnology, Inc. | | |
| (Exact
name of registrant as specified in its charter) | | |
| Delaware | 1-7416 | 38-1686453 |
| (State
or other jurisdiction of
incorporation) | (Commission File
Number) | (I.R.S.
Employer Identification
No.) |
| 63
Lancaster Avenue Malvern,
PA 19355 | | 19355-2143 |
| (Address
of principal executive offices) | | (Zip
Code) |
| Registrant’s
telephone number, including area
code 610-644-1300 | | |
| (Former
name or former address, if changed since last report.) | | |
| Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions: | | |
| ¨ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) | |
| ¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) | |
| ¨ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) | |
| ¨ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) | |

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On February 25, 2008, the Compensation Committee of the Board of Directors of Vishay Intertechnology, Inc. (the “Company”) approved an increase in the annual salary of the Company’s Chief Executive Officer, and the Board of Directors of the Company, on the recommendation of the Compensation Committee, approved increases in the annual salaries of the Company’s other executive officers. The new base salaries are effective January 1, 2008 and are set forth in the table below.

| Name | Positions
Held | 2008
Base Salary |
| --- | --- | --- |
| Dr.
Felix Zandman | Executive
Chairman of the Board, Chief Technical and Business Development
Officer | $975,000 (1) |
| Dr.
Gerald Paul | President
and Chief Executive Officer | €752,776
(approximately $1,107,000) (2) |
| Richard
N. Grubb | Executive
Vice President and Chief Financial Officer | $484,380 |
| Marc
Zandman | Vice-Chairman
of the Board, Chief Administration Officer, and President - Vishay
Israel Ltd. | NIS
1,422,981 (approximately $385,000) (3) |
| Ziv
Shoshani | Executive
Vice President, Chief Operating Officer | NIS
1,201,329 (approximately $325,000) (3) |

--------------------------------------------------
(1)
– No change from prior year.
(2)
– Salary paid in Euro.
(3)
– Salary paid in Israeli shekels.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 27, 2008

VISHAY INTERTECHNOLOGY, INC.

By: /s/ Richard N. Grubb

Name: Richard N. Grubb

Title: Executive Vice President and

Chief Financial Officer