−Removed: In addition to the risk factors disclosed in Part I Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2019, which are incorporated herein by reference, the following is an additional risk factor facing our business that could affect our operating results:
−Removed: We face risks related to the Novel Coronavirus pandemic (COVID-19), which could significantly disrupt our operations, including our manufacturing, research and development, and sales and marketing activities, which could have a material adverse impact on our business, financial condition, operating results and cash flows.
−Removed: Our business as well as the business of our suppliers, customers and distributors have been and may continue to be adversely impacted by the world-wide response to COVID-19 such as public health measures, travel restrictions, business shutdowns, border closures, delivery and freight delays and other disruptions.
−Removed: These disruptions may adversely affect not only our sales and marketing activities, product development, manufacturing and product shipments which could negatively impact our ability to meet customer commitments but also our customers’ ability to manufacture their products, which could reduce their demand for our products.
−Removed: The effects of the pandemic have resulted in a significant economic downturn in local and global economies, as well as a significant downturn in financial markets, and the continuing pandemic could result in further significant economic downturns which may result in reduced end-customer demand and materially impact our revenues.
−Removed: All of these effects could have a material adverse effect on our customer relationships, operating results, cash flows, financial condition and have a negative impact on our stock price.
+Added: As of the date of this filing, the risk factors have not changed substantively from those disclosed in Part I Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2020, which risk factors are incorporated by reference in this report.
Incorporation by Reference
−Removed: NUMBER Exhibit Description Form File
−Removed: Number Exhibit/Appendix
−Removed: Reference Filing
+Added: Exhibit Description
+Added: Exhibit/Other Reference
Restated Certificate of Incorporation
−Removed: 10-K 000-23441 3.1 2/29/2012
Amended and Restated Bylaws
−Removed: 8-K 000-23441 3.1 4/26/2013
Reference is made to Exhibits 3.1 to 3.2
−Removed: 10.1 Amended and Restated 1997 Employee Stock Purchase Plan
−Removed: 10.2 Amended and Restated 1997 Outside Directors Stock Option Plan
−Removed: 10.3 2007 Equity Incentive Plan
−Removed: 10.4 2016 Incentive Award Plan
−Removed: 10.5 Amendment Number Ten to Wafer Supply Agreement, effective as of August 26, 2020 by Power Integrations International Ltd.
−Removed: and Seiko Epson Corporation
+Added: 2021 Compensation Arrangements with Named Executive Officers
+Added: Amendment Number Twelve to the Amended and Restated Wafer Supply Agreement, between Power Integrations International, Ltd.
+Added: and Lapis Semiconductor Co., Ltd.
+Added: (formerly OKI Semiconductor Co., Ltd.), effective as of September 17, 2020
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
2 unchanged sentences
Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: 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.
−Removed: 101.SCH Inline XBRL Taxonomy Extension Schema Document X
−Removed: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X
−Removed: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document X
−Removed: 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X
−Removed: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X
+Added: 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: Inline XBRL Taxonomy Extension Schema Document
+Added: Inline XBRL Taxonomy Extension Calculation Linkbase Document
+Added: Inline XBRL Taxonomy Extension Definition Linkbase Document
+Added: Inline XBRL Taxonomy Extension Label Linkbase Document
+Added: Inline XBRL Taxonomy Extension Presentation Linkbase Document
Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
All references in the table above to previously filed documents or descriptions are incorporating those documents and descriptions by reference thereto.
−Removed: _____________
+Added: Portions of this exhibit (indicated by asterisks) have been omitted as being immaterial and is the type of information that Power Integrations, Inc.
+Added: treats as private or confidential .
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.
−Removed: October 29, 2020 By:
+Added: April 29, 2021
/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.