UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: As of December 31, 2020 , we had approximately $41.3 million available for future repurchases to be executed according to predefined price/volume guidelines.
−Removed: In April 2021, our board of directors authorized the use of an additional $50.0 million for the repurchase of our common stock, which was announced on April 29, 2021.
−Removed: In the nine months ended September 30, 2021, we repurchased approximately 455,000 of our shares for approximately $36.2 million.
−Removed: As of September 30, 2021, we had approximately $55.1 million remaining in our repurchase program, which has no expiration date.
−Removed: In October 2021, our board of directors authorized the use of an additional $50.0 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines.
+Added: As of December 31, 2021, we had $67.3 million available for future repurchases to be executed according to predefined price/volume guidelines.
+Added: In January and February 2022, our board of directors authorized the use of an additional $100 million and $50 million, respectively, for the repurchase of our common stock with repurchases to be executed according to pre-defined price/volume guidelines.
+Added: In the three months ended March 31, 2022, we repurchased 1,584,340 of our shares for $134.7 million, leaving $82.7 million remaining on our repurchase authorization as of March 31, 2022.
+Added: The program has no expiration date.
+Added: In April 2022, our board of directors authorized the use of an additional $75 million for the repurchase of our common stock, with repurchases to be executed according to pre-defined price/volume guidelines.
Issuer Purchases of Equity Securities
−Removed: The following table summarizes repurchases of our common stock during the third quarter of fiscal 2021:
−Removed: Dollar Value that
+Added: The following table summarizes repurchases of our common stock during the first quarter of fiscal 2022:
Total Number of
+Added: Dollar Value that
Shares Purchased
4 unchanged sentences
(In millions)
−Removed: July 1, 2021 to July 31, 2021
−Removed: August 1, 2021 to August 31, 2021
−Removed: September 1, 2021 to September 30, 2021
+Added: January 1, 2022 to January 31, 2022
+Added: February 1, 2022 to February 28, 2022
+Added: March 1, 2022 to March 31, 2022
All of the shares repurchased were pursuant to our publicly announced repurchase program.
5 unchanged sentences
Reference is made to Exhibits 3.1 to 3.2
+Added: Amendment Number Thirteen to the Amended and Restated Wafer Supply Agreement between Power Integrations, Ltd.
+Added: Power Integrations International, Ltd.
+Added: And Lapis Semiconductor Co., Ltd., effective as of February 17, 2022
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
6 unchanged sentences
Inline XBRL Taxonomy Extension Definition Linkbase Document
+Added: Incorporation by Reference
+Added: Exhibit Description
+Added: Exhibit/Other Reference
Inline XBRL Taxonomy Extension Label Linkbase Document
2 unchanged sentences
All references in the table above to previously filed documents or descriptions are incorporating those documents and descriptions by reference thereto.
−Removed: Portions of this exhibit (indicated by asterisks) have been omitted as being immaterial and is the type of information that Power Integrations, Inc.
+Added: Portions of this exhibit have been omitted as being immaterial and the type of information that Power Integrations, Inc.
treats as private or confidential .
−Removed: 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.
−Removed: under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Form 10-Q, irrespective of any general incorporation language contained in such filing.
+Added: The certifications attached as Exhibits 32.1 and 32.2 accompanying this Quarterly Report on 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.
+Added: under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date of this Quarterly Report on Form 10-Q, irrespective of any general incorporation language contained in such filing.
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 thereunto duly authorized.
POWER INTEGRATIONS, INC.
−Removed: October 28, 2021
+Added: April 28, 2022
/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.