Vishay Intertechnology Inc.
Vishay Intertechnology Announces Conversion Ratio Adjustments for Dividends
Summary
Vishay Intertechnology, Inc. announced adjustments to the conversion rate and effective conversion price for its 2.25% Convertible Senior Notes due 2025, as required by the indentures governing these notes, due to the Company's quarterly cash dividend program. Effective March 13, 2024, the adjusted conversion rate is 32.1476 shares of common stock per $1,000 principal amount, with an adjusted effective conversion price of $31.11 per share. The conversion rate and effective conversion price for the 2.25% Convertible Senior Notes due 2030 remain unchanged.
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About Vishay Intertechnology Inc.
Vishay Intertechnology Inc., a leading electronic components manufacturer, plays a crucial role in the technology and electronics sectors. The company specializes in manufacturing a vast array of discrete semiconductors, including rectifiers and diodes, as well as passive components such as capacitors and resistors. These components are essential for the development and function of various electronic devices and systems across industries. As electronics become increasingly integral to modern life, Vishay's products find applications in consumer electronics, automotive, industrial, and telecommunications markets. Headquartered in Malvern, Pennsylvania, Vishay Intertechnology Inc. consistently invests in research and development to advance component efficiency and technology, reinforcing its standing within the global electronics supply chain. Established in 1962, the company has grown to be a significant supplier in the electronics market worldwide, providing critical components that enable advanced technological innovations.
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