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Vishay Intertechnology (VSH) boosts 2026 executive salaries and bonus targets

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Vishay Intertechnology, Inc. reported updated 2026 compensation terms for several senior officers approved by its Compensation Committee on February 25, 2026. The Committee set base salaries, including Marc Zandman at ILS 4,700,211 (approximately $1,360,000), and Joel Smejkal at $1,060,488, with other listed executives between $399,558 and $711,524.

The Committee also increased the minimum target annual cash bonus opportunity for Michael O'Sullivan and David Tomlinson to 55% beginning in 2026, while leaving other officers’ minimum target bonus opportunities unchanged.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
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)  February 25, 2026
   

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 Number)

   
63 Lancaster Avenue
Malvern, PA
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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

 
Title of each class
 
Trading symbol
 
Name of exchange on which registered
Common stock, par value $0.10 per share
VSH
 
New York Stock Exchange
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Officer Compensation Matters

At a meeting of the Compensation Committee of Vishay Intertechnology Inc.'s Board of Directors on February 25, 2026, the base salaries of certain officers were set for 2026 as follows (with approximate U.S. dollar equivalents based on the average exchange rate for 2025):

Marc Zandman
 ILS 4,700,211 (approximately $1,360,000)(1)
Joel Smejkal
 $1,060,488
David McConnell
 $490,970
Roy Shoshani
 $711,524
Michael O'Sullivan
 $478,826
Peter Henrici
 $461,687
David Tomlinson
 $399,558

(1) Salary will be paid in Israeli shekels

The Compensation Committee increased the minimum target annual cash bonus opportunity for Messrs. O'Sullivan and Tomlinson to 55% beginning in 2026.  None of the other minimum target annual cash bonus opportunities were adjusted.

Item 9.01 – Financial Statements and Exhibits
 
(d) Exhibits

Exhibit No.
 
Description
 
 
  
   104   Cover Page Interactive Data File (embedded within the Inline XBRL document).
 


 
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: February 25, 2026

 
VISHAY INTERTECHNOLOGY, INC.
  
       
 
By:
   /s/ David L. Tomlinson                                        
 
       
 
Name:
  
David L. Tomlinson
 
Title:
  
Senior Vice President – Chief Accounting Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive compensation changes did Vishay Intertechnology (VSH) disclose?

Vishay Intertechnology disclosed updated 2026 base salaries and bonus targets for key officers. The Compensation Committee approved new salary levels and raised the minimum target annual cash bonus percentage for two executives, while leaving other officers’ bonus targets unchanged for the 2026 period.

What is Marc Zandman’s 2026 base salary at Vishay Intertechnology (VSH)?

Marc Zandman’s 2026 base salary is ILS 4,700,211, approximately $1,360,000 based on the average 2025 exchange rate. His salary is payable in Israeli shekels, reflecting local currency terms while giving investors an indicative U.S. dollar equivalent for comparison.

Which Vishay Intertechnology (VSH) executives received higher bonus targets for 2026?

The Compensation Committee increased the minimum target annual cash bonus opportunity for Michael O'Sullivan and David Tomlinson to 55% starting in 2026. All other executives’ minimum target bonus opportunities remained unchanged, indicating a targeted adjustment rather than a broad bonus structure overhaul.

What 2026 base salary was set for Vishay Intertechnology (VSH) CEO-level leadership?

The filing lists a 2026 base salary of $1,060,488 for executive Joel Smejkal. Other senior executives, including David McConnell, Roy Shoshani, Michael O'Sullivan, Peter Henrici, and David Tomlinson, have base salaries ranging from $399,558 to $711,524 for the 2026 compensation year.

Did Vishay Intertechnology (VSH) change all officers’ 2026 bonus opportunities?

No. Vishay Intertechnology increased only the minimum target annual cash bonus opportunity for Michael O'Sullivan and David Tomlinson to 55% starting in 2026. The filing states that none of the other officers’ minimum target annual cash bonus opportunities were adjusted at this time.

Filing Exhibits & Attachments

3 documents

Other Documents