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): June
25, 2009
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
1.01 – Entry into a Material Definitive Agreement
On June 25, 2009, Vishay Intertechnology, Inc. and International Rectifier entered into a settlement agreement.
On July 1, 2009, Vishay Intertechnology, Inc. issued a press release describing this settlement agreement, which is included as Exhibit 99 to this current report on Form 8-K and is hereby incorporated by reference.
Item 9.01
– Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
Description |
|
99 | Press release dated July 1, 2009 |
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: |
July 1, 2009 |
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VISHAY INTERTECHNOLOGY, INC. |
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|
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|
|
By: |
/s/ Lior E. Yahalomi |
Name: |
Dr. Lior E. Yahalomi |
||
Title: |
Executive Vice President and |
||
Chief Financial Officer |
Exhibit 99
Vishay Announces Settlement with International Rectifier
MALVERN, Pa.--(BUSINESS WIRE)--July 1, 2009--Vishay Intertechnology, Inc. (NYSE: VSH) and International Rectifier Corporation (NYSE: IRF) today announced that they have entered into a settlement agreement to resolve certain disputes related to Vishay’s acquisition in 2007 of International Rectifier’s Power Control Systems (“PCS”) business. Under the settlement, International Rectifier has refunded $30.0 million of the purchase price associated with the acquisition, and Vishay has released International Rectifier from claims relating to certain outstanding disputes regarding the acquisition. In addition, Vishay and International Rectifier clarified and revised the covenant-not-to-compete associated with the acquisition to permit International Rectifier to, under certain conditions, develop, design, manufacture and sell certain additional products that incorporate technologies sold or licensed to Vishay in the acquisition. As part of the settlement, Vishay will continue as a supplier of certain products to International Rectifier and will receive a license to certain additional technology developed in the future by International Rectifier.
Vishay completed its acquisition of the PCS business from International Rectifier Corporation on April 1, 2007.
About Vishay
Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, rectifiers, MOSFETs, optoelectronics, and selected ICs) and passive electronic components (resistors, capacitors, inductors, sensors, and transducers). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, and medical markets. Its product innovations, successful acquisition strategy, and "one-stop shop" service have made Vishay a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.
CONTACT:
Vishay Intertechnology, Inc.
Dr. Lior E. Yahalomi,
+1-610-644-1300
Executive Vice President and Chief Financial Officer
or
Peter
G. Henrici, +1-610-644-1300
Senior Vice President Corporate
Communications