SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 29, 2019
Power Integrations, Inc.
(Exact name of Registrant as specified in its charter)
(State or other jurisdiction
5245 Hellyer Avenue
San Jose, California 95138-1002
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
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. ¨
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 29, 2019, E. Floyd Kvamme and Alan D. Bickell, directors of Power Integrations, Inc. (the “Company”) notified the Company of their decisions to retire from service on the Company's Board of Directors following the completion of their current terms. Consequently, Messrs. Kvamme and Bickell will not stand for re-election to the Board of Directors at the 2019 Annual Meeting of Stockholders, which is currently anticipated to be held on May 17, 2019. Mr. Kvamme has served as a director of the Company since 1989, and served as the Company’s Chairman of the Board from April 2011 until October 2018, at which time William George was appointed as Chairman of the Board. Mr. Bickell has served as a director of the Company since 1999.
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.
Power Integrations, Inc.
/s/ Sandeep Nayyar
Chief Financial Officer
Dated: February 4, 2019