1 unchanged sentence
In October 2018, our board of directors authorized the use of $80.0 million for the repurchase of our common stock, which was announced on October 25, 2018.
−Removed: As of December 31, 2019, we had approximately $43.9 million available for future repurchases to be executed according to pre-defined price/volume guidelines.
−Removed: In the three months ended March 31, 2020, we purchased approximately 24,000 shares for approximately $2.0 million .
−Removed: As of March 31, 2020, we had approximately $41.9 million remaining in our repurchase program, which has no expiration date.
+Added: As of December 31, 2019, we had approximately $43.9 million available for future repurchases to be executed according to predefined price/volume guidelines.
+Added: In the six months ended June 30, 2020, we repurchased approximately 32,000 of our shares for approximately $2.6 million.
+Added: As of June 30, 2020, we had approximately $41.3 million remaining in our repurchase program, which has no expiration date.
Issuer Purchases of Equity Securities
−Removed: The following table summarizes repurchases of our common stock during the first quarter of fiscal 2020:
−Removed: Total Number of Shares Purchased
+Added: The following table summarizes repurchases of our common stock during the second quarter of fiscal 2020:
+Added: Period Total Number of Shares Purchased
Average Price Paid Per Share
2 unchanged sentences
(in millions)
−Removed: January 1, 2020, to January 31, 2020
−Removed: February 1, 2020, to February 29, 2020
−Removed: March 1, 2020, to March 31, 2020
+Added: April 1, 2020, to April 30, 2020 7,525 $ 82.62 7,525 $ 41.3
+Added: May 1, 2020, to May 31, 2020 — — — $ 41.3
+Added: June 1, 2020, to June 30, 2020 — — — $ 41.3
+Added: Total 7,525 7,525
All of the shares repurchased were pursuant to our publicly announced repurchase program.
Incorporation by Reference
−Removed: Exhibit Description
−Removed: Exhibit/Appendix
+Added: NUMBER Exhibit Description Form File
+Added: Number Exhibit/Appendix
+Added: Reference Filing
3.1 Restated Certificate of Incorporation
+Added: 10-K 000-23441 3.1 2/29/2012
3.2 Amended and Restated Bylaws
+Added: 8-K 000-23441 3.1 4/26/2013
4.2 Reference is made to Exhibits 3.1 to 3.2
−Removed: Amendment Number Ten to the Amended and Restated Wafer Supply Agreement, between Power Integrations International, Ltd.
−Removed: and Lapis Semiconductor Co., Ltd.
−Removed: (formerly OKI Semiconductor Co., Ltd.), effective as of December 16, 2019
−Removed: Amendment Number Eleven to the Amended and Restated Wafer Supply Agreement, between Power Integrations International, Ltd.
−Removed: and Lapis Semiconductor Co., Ltd.
−Removed: (formerly OKI Semiconductor Co., Ltd.), effective as of December 20, 2019
−Removed: Amendment Number Nine to Wafer Supply Agreement, effective as of November 1, 2017 by Power Integrations International Ltd.
−Removed: and Seiko Epson Corporation
10.1 2020 Compensation Arrangements with Named Executive Officers
+Added: 10-K 000-23441 Item 9B 2/7/2020
+Added: 10.2 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Balu Balakrishnan
+Added: 10.3 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Douglas Bailey
+Added: 10.4 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Radu Barsan
+Added: 10.5 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Ben Sutherland
+Added: 10.6 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Mike Matthews
+Added: 10.7 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Sandeep Nayyar
+Added: 10.8 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Raja Petrakian
+Added: 10.9 Amendment to the Amended and Restated Executive Officer Benefits Agreement, dated as of June 1, 2020, between Power Integrations, Inc.
+Added: and Clifford Walker
31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
2 unchanged sentences
32.2** Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
−Removed: Inline XBRL Taxonomy Extension Schema Document
−Removed: Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Presentation Linkbase Document
+Added: 101.INS XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
+Added: 101.SCH Inline XBRL Taxonomy Extension Schema Document X
+Added: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X
+Added: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document X
+Added: 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X
+Added: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
1 unchanged sentence
_____________
−Removed: Portions of this exhibit have been omitted as being immaterial and would be competitively harmful if disclosed.
** The certifications attached as Exhibits 32.1 and 32.2 accompanying this Form 10-Q, are not deemed filed with the SEC, and are not to be incorporated by reference into any filing of Power Integrations, Inc.
2 unchanged sentences
POWER INTEGRATIONS, INC.
+Added: July 30, 2020 By:
/s/ S ANDEEP N AYYAR
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.