Vishay Intertechnology, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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1-7416
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38-1686453
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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63 Lancaster Avenue
Malvern, PA 19355-2143
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19355-2143
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(Address of Principal Executive Offices)
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Zip Code
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Lori Lipcaman,
Executive Vice President and
Chief Financial Officer
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610-644-1300
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(Name and telephone number, including area code, of the
Person to contact in connection with this report.)
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☑
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Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2014.
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Exhibit No.
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Description
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1.01
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Conflict Minerals Report as required by Items 1.01 and 1.02 of this Form.
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VISHAY INTERTECHNOLOGY, INC.
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By:
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/s/ Lori Lipcaman
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Date: May 29, 2015
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Name:
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Lori Lipcaman
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Title:
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Executive Vice President
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Chief Financial Officer
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I.
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Company overview
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1.
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Exercise due diligence as specified in the Organisation for Economic Co-operation and Development ("OECD") Due Diligence Guidance for Responsible Supply chains of Minerals from Conflict-Affected and High Risk Areas (2nd Edition) ("OECD Framework") and related 3T and gold supplements.
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2.
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Support and participate in industry groups such as the EICC and collaborations such as Conflict Free Sourcing Initiative that are focusing on industry-wide solutions.
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3.
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Commit to transparency by providing necessary reports and information to the SEC and customers.
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1.
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Have conflict mineral policies in place to ensure material is sourced from socially responsible suppliers.
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2.
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Exercise due diligence to determine the source of conflict minerals.
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3.
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Not procure material from the DRC or adjoining countries that is not "DRC Conflict Free."
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4.
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Provide the necessary declarations in order to determine if the conflict minerals in the supply chain are DRC Conflict Free.
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II.
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RCOI Process and results
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III.
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Due Diligence Process
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a.
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Company Management Systems
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i.
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Policy
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ii.
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Communication with In-scope Suppliers
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1.
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Vishay's Conflict Mineral Policy via the Vishay website and direct communication with the Suppliers.
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2.
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Conflict Mineral requirements as part of new or renewed Supplier Agreements.
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3.
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Yearly Supplier information requests to gather and/or update sourcing information.
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iii.
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Education of Personnel
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iv.
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Tracking mechanisms
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v.
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Whistleblower mechanisms
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b.
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Identify and assess risks in the supply chain
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c.
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Design and implement strategy to respond to identified risks
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1.
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Establish a defined time period that the Identified Risk Entity will work with Vishay's purchasing department to mitigate its identified risks.
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2.
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Work with CFSI to obtain additional information or certifications.
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3.
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Conduct formal reviews of Identified Risk Entities that do not mitigate their identified risks by the established deadline date. The 3TG management team will then implement one or more of the following actions for Identified Risk Entities that cannot be verified to not directly or indirectly benefit armed rebels through their 3TG sourcing:
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a.
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Grant additional time to mitigate the identified risk;
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b.
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Develop a long-term improvement plan with the supplier;
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c.
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Suspend purchasing activities from the In-scope Supplier that has red flags and/or sources from the Identified Risk Entity;
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d.
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Establish a phase-out plan for the In-scope supplier that has red flags and/or sources from the Identified Risk Entity.
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4.
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If it is determined that the Identified Risk Entity has or likely has directly or indirectly benefited armed rebels through their 3TG sourcing, the 3TG management team will then implement one or more of the following actions:
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a.
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Require that the affected In-scope Supplier remove the smelter or refiner that is an Identified Risk Entity from Vishay's supply chain; or
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b.
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Terminate purchasing activities with the In-scope Supplier if the Supplier does not remove the smelter or refiner that is an Identified Risk Entity from its supply chain.
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d.
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Audits of smelters' and refiners' due diligence processes
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IV.
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Reporting
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a.
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Future Steps to be taken
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1.
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Work to increase the response rate of suppliers to our due diligence inquiries.
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2.
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Request In-scope Suppliers to require at risk smelters or refiners to obtain a Conflict Free designation from an industry program such as the CFSI.
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3.
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Continue to validate In-scope Supplier responses using information collected from independent conflict free smelter validation programs such as the CFSI, to which we provide financial support.
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b.
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Exclusion of acquired entities
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c.
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Results
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Metal
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Smelter Name
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Smelter ID
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Validated "Conflict Free"
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Gold
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Aida Chemical Industries Co. Ltd.
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CID000019
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Gold
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Allgemeine Gold-und Silberscheideanstalt A.G.
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CID000035
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Gold
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AngloGold Ashanti Córrego do Sítio Mineração
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CID000058
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Gold
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Argor-Heraeus SA
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CID000077
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Gold
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Asahi Pretec Corporation
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CID000082
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Gold
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Atasay Kuyumculuk Sanayi Ve Ticaret A.S.
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CID000103
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Gold
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Aurubis AG
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CID000113
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Gold
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Boliden AB
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CID000157
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Gold
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C. Hafner GmbH + Co. KG
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CID000176
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Gold
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CCR Refinery Glencore Canada Corporation
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CID000185
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Gold
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Chimet S.p.A.
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CID000233
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Gold
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Dowa
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CID000401
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Gold
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Eco-System Recycling Co., Ltd.
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CID000425
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Gold
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Heimerle + Meule GmbH
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CID000694
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Gold
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Heraeus Ltd. Hong Kong
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CID000707
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Gold
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Heraeus Precious Metals GmbH & Co. KG
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CID000711
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Gold
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Ishifuku Metal Industry Co., Ltd.
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CID000807
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Gold
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Istanbul Gold Refinery
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CID000814
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Gold
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Johnson Matthey Inc
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CID000920
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Gold
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Johnson Matthey Ltd
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CID000924
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Gold
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JX Nippon Mining & Metals Co., Ltd.
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CID000937
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Gold
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Kennecott Utah Copper LLC
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CID000969
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Gold
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Kojima Chemicals Co., Ltd
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CID000981
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Gold
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LS-NIKKO Copper Inc.
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CID001078
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Gold
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Materion
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CID001113
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Gold
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Matsuda Sangyo Co., Ltd.
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CID001119
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Gold
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Metalor Technologies (Hong Kong) Ltd
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CID001149
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Gold
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Metalor Technologies (Singapore) Pte. Ltd.
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CID001152
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Gold
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Metalor Technologies SA
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CID001153
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Gold
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Metalor USA Refining Corporation
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CID001157
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Gold
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Mitsubishi Materials Corporation
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CID001188
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Gold
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Mitsui Mining and Smelting Co., Ltd.
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CID001193
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Gold
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Nadir Metal Rafineri San. Ve Tic. A.?.
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CID001220
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Gold
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Nihon Material Co. LTD
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CID001259
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Gold
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Ohio Precious Metals, LLC
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CID001322
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Gold
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PAMP SA
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CID001352
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Gold
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PX Précinox SA
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CID001498
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Gold
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Rand Refinery (Pty) Ltd
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CID001512
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Gold
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Republic Metals Corporation
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CID002510
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Gold
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Royal Canadian Mint
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CID001534
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Gold
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SEMPSA Joyería Platería SA
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CID001585
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Gold
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Shandong Zhaojin Gold & Silver Refinery Co. Ltd
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CID001622
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Gold
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Solar Applied Materials Technology Corp.
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CID001761
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Gold
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Sumitomo Metal Mining Co., Ltd.
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CID001798
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Gold
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Tanaka Kikinzoku Kogyo K.K.
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CID001875
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Gold
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The Refinery of Shandong Gold Mining Co. Ltd
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CID001916
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Gold
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Tokuriki Honten Co., Ltd
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CID001938
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Gold
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Umicore Precious Metals Thailand
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CID002314
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Gold
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Umicore SA Business Unit Precious Metals Refining
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CID001980
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Gold
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United Precious Metal Refining, Inc.
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CID001993
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Gold
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Valcambi SA
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CID002003
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Gold
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Western Australian Mint trading as The Perth Mint
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CID002030
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Gold
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Zhongyuan Gold Smelter of Zhongjin Gold Corporation
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CID002224
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Gold
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Zijin Mining Group Co., Ltd. Gold Refinery
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CID002243
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Tantalum
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Changsha South Tantalum Niobium Co., Ltd.
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CID000211
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Tantalum
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Conghua Tantalum and Niobium Smeltry
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CID000291
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Tantalum
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Duoluoshan
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CID000410
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Tantalum
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Exotech Inc.
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CID000456
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Tantalum
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F&X Electro-Materials Ltd.
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CID000460
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Tantalum
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Global Advanced Metals Aizu
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CID002558
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Tantalum
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Global Advanced Metals Boyertown
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CID002557
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Tantalum
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Guangdong Zhiyuan New Material Co., Ltd.
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CID000616
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Tantalum
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H.C. Starck Co., Ltd.
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CID002544
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Tantalum
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H.C. Starck GmbH Goslar
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CID002545
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Tantalum
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H.C. Starck GmbH Laufenburg
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CID002546
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Tantalum
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H.C. Starck Hermsdorf GmbH
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CID002547
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Tantalum
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H.C. Starck Inc.
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CID002548
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Tantalum
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H.C. Starck Ltd.
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CID002549
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Tantalum
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H.C. Starck Smelting GmbH & Co.KG
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CID002550
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Tantalum
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Hengyang King Xing Lifeng New Materials Co., Ltd.
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CID002492
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Tantalum
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Hi-Temp Specialty Metals, Inc.
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CID000731
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Tantalum
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JiuJiang JinXin Nonferrous Metals Co., Ltd.
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CID000914
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Tantalum
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Jiujiang Tanbre Co., Ltd.
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CID000917
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Tantalum
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LSM Brasil S.A.
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CID001076
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Tantalum
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Mineração Taboca S.A.
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CID001175
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Tantalum
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Mitsui Mining & Smelting
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CID001192
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Tantalum
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Molycorp Silmet A.S.
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CID001200
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Tantalum
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Ningxia Orient Tantalum Industry Co., Ltd.
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CID001277
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Tantalum
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Plansee SE Liezen
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CID002540
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Tantalum
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Plansee SE Reutte
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CID002556
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Tantalum
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QuantumClean
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CID001508
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Tantalum
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RFH Tantalum Smeltry Co., Ltd
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CID001522
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Tantalum
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Solikamsk Magnesium Works OAO
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CID001769
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Tantalum
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Taki Chemicals
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CID001869
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Tantalum
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Telex Metals
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CID001891
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Tantalum
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Ulba Metallurgical Plant JSC
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CID001969
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Tantalum
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Yichun Jin Yang Rare Metal Co., Ltd
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CID002307
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Tantalum
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Zhuzhou Cement Carbide
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CID002232
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Tin
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Alpha
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CID000292
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Tin
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Cooperativa Metalurgica de Rondônia Ltda.
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CID000295
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Tin
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CV United Smelting
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CID000315
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Tin
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EM Vinto
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CID000438
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Tin
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Gejiu Non-Ferrous Metal Processing Co. Ltd.
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CID000538
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Tin
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Magnu's Minerais Metais e Ligas LTDA
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CID002468
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Tin
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Malaysia Smelting Corporation (MSC)
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CID001105
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Tin
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Melt Metais e Ligas S/A
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CID002500
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Tin
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Metallo Chimique
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CID001143
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Tin
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Mineração Taboca S.A.
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CID001173
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Tin
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Minsur
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CID001182
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Tin
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Mitsubishi Materials Corporation
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CID001191
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Tin
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Operaciones Metalurgical S.A.
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CID001337
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Tin
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PT Bangka Putra Karya
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CID001412
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Tin
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PT Bangka Tin Industry
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CID001419
|
Tin
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PT Belitung Industri Sejahtera
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CID001421
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Tin
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PT Bukit Timah
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CID001428
|
Tin
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PT DS Jaya Abadi
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CID001434
|
Tin
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PT Eunindo Usaha Mandiri
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CID001438
|
Tin
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PT Mitra Stania Prima
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CID001453
|
Tin
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PT Prima Timah Utama
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CID001458
|
Tin
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PT REFINED BANGKA TIN
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CID001460
|
Tin
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PT Sariwiguna Binasentosa
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CID001463
|
Tin
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PT Stanindo Inti Perkasa
|
CID001468
|
Tin
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PT Timah (Persero) Tbk Kundur
|
CID001477
|
Tin
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PT Timah (Persero) Tbk Mentok
|
CID001482
|
Tin
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PT Tinindo Inter Nusa
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CID001490
|
Tin
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Thaisarco
|
CID001898
|
Tin
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White Solder Metalurgia e Mineração Ltda.
|
CID002036
|
Tin
|
Yunnan Tin Group (Holding) Company Limited
|
CID002180
|
Tungsten
|
Ganzhou Huaxing Tungsten Products Co., Ltd.
|
CID000875
|
Tungsten
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Ganzhou Jiangwu Ferrotungsten Co., Ltd.
|
CID002315
|
Tungsten
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Ganzhou Seadragon W & Mo Co., Ltd.
|
CID002494
|
Tungsten
|
Global Tungsten & Powders Corp.
|
CID000568
|
Tungsten
|
Hunan Chunchang Nonferrous Metals Co., Ltd.
|
CID000769
|
Tungsten
|
Japan New Metals Co., Ltd.
|
CID000825
|
Tungsten
|
Xiamen Tungsten (H.C.) Co., Ltd.
|
CID002320
|
Tungsten
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Xiamen Tungsten Co., Ltd.
|
CID002082
|
|
|
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Not Validated
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Gold
|
Almalyk Mining and Metallurgical Complex (AMMC)
|
CID000766
|
Gold
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Asaka Riken Co Ltd
|
CID000966
|
Gold
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Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
|
CID000105
|
Gold
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Doduco
|
CID001889
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Gold
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Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited
|
CID001879
|
Gold
|
Tongling nonferrous Metals Group Co.,Ltd
|
CID001449
|
Gold
|
YAMAMOTO PRECIOUS METAL CO., LTD.
|
CID002047
|
Gold
|
Yokohama Metal Co Ltd
|
CID000090
|
Tantalum
|
Tantalite Resources
|
CID000362
|
Tin
|
China Tin Group Co., Ltd.
|
CID002100
|
Tin
|
CV Serumpun Sebalai
|
CID002129
|
Tin
|
Fenix Metals
|
CID001070
|
Tin
|
Huichang Jinshunda Tin Co. Ltd
|
CID000468
|
Tin
|
PT Artha Cipta Langgeng
|
CID001399
|
Tin
|
PT Bangka Kudai Tin
|
CID001448
|
Tin
|
PT Karimun Mining
|
CID001539
|
Tin
|
PT Koba Tin
|
CID001758
|
Tin
|
PT Pelat Timah Nusantara Tbk
|
CID002158
|
Tin
|
Rui Da Hung
|
CID000004
|
Tin
|
Soft Metais, Ltda.
|
CID002513
|
Tin
|
Yunnan Chengfeng Non-ferrous Metals Co.,Ltd.
|
CID000258
|
Tungsten
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A.L.M.T. TUNGSTEN Corp.
|
CID000499
|
Tungsten
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Chenzhou Diamond Tungsten Products Co., Ltd.
|
CID000868
|
Tungsten
|
Chongyi Zhangyuan Tungsten Co., Ltd.
|
CID000218
|
Tungsten
|
Dayu Weiliang Tungsten Co., Ltd.
|
CID002541
|
Tungsten
|
Fujian Jinxin Tungsten Co., Ltd.
|
CID002542
|
Tungsten
|
Ganzhou Non-ferrous Metals Smelting Co., Ltd.
|
CID002316
|
Tungsten
|
Guangdong Xianglu Tungsten Co., Ltd.
|
CID002543
|
Tungsten
|
H.C. Starck GmbH
|
CID002044
|
Tungsten
|
H.C. Starck Smelting GmbH & Co.KG
|
CID002095
|
Tungsten
|
Hunan Chenzhou Mining Group Co., Ltd.
|
CID000041
|
Tungsten
|
Jiangxi Xinsheng Tungsten Industry Co., Ltd.
|
CID000128
|
Tungsten
|
Jiangxi Yaosheng Tungsten Co., Ltd.
|
CID000801
|
Tungsten
|
Kennametal Fallon
|
CID001947
|
Tungsten
|
Kennametal Huntsville
|
CID000313
|
Tungsten
|
Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC
|
CID000760
|
Tungsten
|
Tejing (Vietnam) Tungsten Co., Ltd.
|
CID001409
|
Tungsten
|
Wolfram Bergbau und Hütten AG
|
CID001486
|
Tungsten
|
WOLFRAM Company CJSC
|
CID000345
|
Tungsten
|
Xinhai Rendan Shaoguan Tungsten Co., Ltd.
|
CID002317
|