3 unchanged sentences
should not have a material adverse effect on our business or financial condition.
−Removed: Antitrust Class Action Complaints
−Removed: The complaints that had been filed by The AASI Beneficiaries’ Trust by and through Kenneth A.
−Removed: Welt Liquidating Trustee and Benchmark Electronics, Inc.
−Removed: against certain manufacturers of aluminum, tantalum and film capacitors, including Holy Stone Enterprise Co., Ltd., Milestone Global Technology, Inc.
−Removed: d/b/a/ Holystone International, Holy Stone Holdings Co., Ltd.
−Removed: (collectively, “Holy Stone”) and
−Removed: Vishay Polytech Co., Ltd., which was acquired by a subsidiary of the Company in 2014 (formerly known as Holy Stone Polytech Co., Ltd.) (“VPC”) have been settled and dismissed with prejudice.
−Removed: Holy Stone paid on behalf of itself and VPC a total of
−Removed: $745,000 for final settlement of those cases.
−Removed: VPC admitted no liability and paid nothing toward the settlements.
−Removed: The purported wrongdoing, as described in the complaints, occurred prior to the acquisition of VPC by Vishay.
−Removed: Currently, neither
−Removed: Vishay nor any of its subsidiaries is a party to any antitrust litigation in the U.S.
−Removed: or worldwide.
Intellectual Property Matters
29 unchanged sentences
The Company is vigorously contesting plaintiff’s claims and will aggressively prosecute its affirmative
+Added: VGSI was served in August 2023 with a complaint brought by the Hicksville Water District against multiple
+Added: The matter, Hicksville Water District v.
+Added: Alsy Manufacturing, Inc., is pending in the Supreme Court of the State of New York, County of Nassau.
+Added: As with two other previously reported cases pending in the United States District Court for the
+Added: Eastern District of New York, the newest case contains claims for recovery of response costs under CERCLA, and alleges that a predecessor’s manufacturing operations in the Site, between 1960 and 1993, impacted groundwater beneath and downgradient
+Added: VGSI is vigorously contesting plaintiff’s claims and will aggressively prosecute its affirmative claims.
+Added: On August 31, 2023, Vishay was notified by the U.S.
+Added: Environmental Protection Agency ("EPA") of potential violations of the Resource Conservation and Recovery Act and the
+Added: Solid Waste Disposal Act.
+Added: The alleged violations relate to the handling, storage, inspection, and labeling of hazardous waste at Vishay's facility located in Columbus, Nebraska.
+Added: Vishay has reached an agreement with the EPA, subject to execution of
+Added: and finalization of the Consent Agreement, including the filing and ratification of the Consent Agreement, including the filing and ratification of the Consent Agreement by the Regional Hearing Clerk for EPA, Region 7, to settle this matter for a
+Added: civil penalty of $387,000 and committing to submit quarterly compliance reports to the EPA for one year.
+Added: Vishay admits no violation of any law or regulation under the agreement.
+Added: The Company does not expect the matter or its settlement as proposed to have a material effect on its financial condition or results of operations.
MINE SAFETY DISCLOSURES
12 unchanged sentences
Executive Vice President - Corporate Development
−Removed: Andreas Randebrock
−Removed: Executive Vice President Global Human Resources
+Added: Michael O'Sullivan
+Added: Executive Vice President - Chief Administrative and Legal Officer
* Member of the Executive Committee of the Board of Directors.
10 unchanged sentences
Shoshani, approximately 35.0% of the total voting power of our capital stock as of December 31, 2023.
−Removed: He also is non-executive Chairman
−Removed: of Vishay Precision Group, Inc., an independent, publicly-traded company spun-off from Vishay Intertechnology in 2010.
+Added: He also serves on the Board of
+Added: Directors of Vishay Precision Group, Inc., an independent, publicly-traded company spun-off from Vishay Intertechnology in 2010 (including as non-executive Chair from 2010 - 2022).
Joel Smejkal was appointed President and Chief Executive Officer effective January 1, 2023.
25 unchanged sentences
Henrici has been responsible for corporate communications since 2005.
−Removed: Andreas Randebrock was appointed Executive Vice President Global Human Resources effective July 1, 2020.
−Removed: Randebrock has been working for Vishay since 2015 as Senior
−Removed: Vice President Employee Development.
−Removed: Randebrock joined Vishay he worked as a management consultant in the field of leadership, human resources, and organizational consulting for more than 20 years.
−Removed: From 1998 until 2015, Mr.
−Removed: was employed by the global human resources consultancy Hay Group (acquired in 2015 by Korn Ferry) where he held various positions of increasing responsibility and was a partner.
+Added: Michael O'Sullivan was appointed Executive Vice President - Chief Administrative and Legal Officer effective January 1, 2024.
+Added: O’Sullivan previously served as Corporate General Counsel since joining the Company in 2012.
+Added: In July 2016, Mr.
+Added: O'Sullivan was appointed Regional Country Manager - The Americas.
+Added: joining Vishay, Mr.
+Added: O'Sullivan worked as an in-house corporate attorney for a subsidiary of Koch Industries, Inc., and in private practice at DLA Piper.
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.