Vishay Intertechnology Inc.
Adjustments to Conversion Rates for Convertible Senior Notes Due to Quarterly Dividend
Summary
On June 13, 2024, Vishay Intertechnology, Inc. announced adjustments to the conversion rates and effective conversion prices for its 2.25% Convertible Senior Notes due 2025 as a result of the quarterly cash dividend program. The adjusted conversion rate is now 32.1684 shares of common stock per $1,000 principal amount, with an effective conversion price of $31.09 per share. These adjustments comply with the indentures governing the notes and were communicated to the note trustees. No changes were made to the conversion rates for the 2.25% Convertible Senior Notes due 2030.
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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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