Crispr Therapeutics shares tumble after significant earnings miss
MALVERN, PA – Vishay Intertechnology Inc . (NYSE:VSH), a global manufacturer and supplier of discrete semiconductors and passive electronic components with annual revenues of $2.94 billion, announced on Wednesday the resignation of Ziv Shoshani from its Board of Directors. Shoshani, who is also the President and CEO of Vishay Precision Group (NYSE:VPG), Inc., will step down immediately prior to the election of directors at the company’s annual meeting of stockholders on May 20, 2025. His departure is to allow him to fully dedicate his time to Vishay Precision Group. According to the company’s statement, his resignation did not stem from any disagreement with the company’s operations, policies, or practices.
While the company faced profitability challenges in recent quarters, InvestingPro analysis indicates expected return to profitability in 2025. In the same report, Vishay detailed the 2025 compensation for several of its top officers. Marc Zandman, the Executive Chairman and Chief Business Development Officer, will receive a base salary of approximately $1,230,000, paid in Israeli shekels. Other officers, including Joel Smejkal, David McConnell, Roy Shoshani, Michael O’Sullivan, Peter Henrici, and David Tomlinson, have also had their base salaries set, ranging from $387,920 to $1,029,600.
Additionally, the Compensation Committee has adjusted the minimum target annual cash bonus for Peter Henrici, increasing it to 75% for 2025. No other changes to the minimum target annual cash bonus opportunities were reported.
The information disclosed is based on a press release statement and filings with the U.S. Securities and Exchange Commission. It reflects the company’s commitment to transparency in its executive management and compensation practices. The company maintains strong financial health with a current ratio of 2.7 and has consistently paid dividends for 12 consecutive years, despite industry challenges. This announcement comes as Vishay Intertechnology continues to navigate the competitive landscape of the electronics components industry.For deeper insights into VSH’s financial health and growth prospects, including exclusive Fair Value analysis and additional ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, Vishay Intertechnology announced a dividend of $0.10 per share for both common and Class B common stock, payable on March 27, 2025, to shareholders on record as of March 13, 2025. Additionally, Vishay launched the TSM3 series of compact trimmers designed for harsh environments, offering significant size reduction and enhanced operating temperature range. The company also expanded its range of MELF resistors, now featuring improved precision and higher resistance values, catering to automotive and telecom applications. In executive developments, Roy Shoshani was appointed as Executive Vice President – Chief Operating Officer of Semiconductors and Chief Technical Officer, while Jeff Webster departed from his role as Executive Vice President – Chief Operating Officer. Meanwhile, JPMorgan initiated coverage on Vishay with a Neutral rating, citing balanced risk and reward, while noting the company’s strategic shift towards growth and increased capital expenditures. Vishay’s role in AI server markets and power semiconductors was highlighted as a positive, though concerns were raised about the pace of recovery in its core markets. These developments reflect Vishay’s ongoing efforts to align with market trends and enhance its product offerings.
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