SEC Document


 
 
 
 
 




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
FORM 8-K


CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 13, 2016
______________
Power Integrations, Inc.
(Exact name of Registrant as specified in its charter)
______________
Delaware
000-23441
94-3065014
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
 
 
5245 Hellyer Avenue
San Jose, California 95138-1002
(Address of principal executive offices)

(408) 414-9200
(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 (see General Instruction A.2. below):
[ ] 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))


 
 
 
 
 
    




Item 5.07.     Submission of Matters to a Vote of Security Holders
Power Integrations, Inc. (“Power Integrations”) held its 2016 Annual Meeting of Stockholders (the “Annual Meeting”) on May 13, 2016. The following is a brief description of each matter voted upon at the Annual Meeting, as well as the final tally of the number of votes cast for or against each matter, and the number of abstentions and broker non-votes with respect to each matter.
1. Power Integrations’ stockholders elected each of the directors proposed by Power Integrations for re-election; to serve until Power Integrations’ 2017 Annual Meeting of Stockholders or until his respective successor has been elected and qualified. The tabulation of votes on this matter was as follows:
Nominee
 
Shares
Voted For
 
Shares
Withheld
Balu Balakrishnan
 
26,240,304

 
148,682

Alan D. Bickell
 
23,991,673

 
2,397,313

Nicholas E. Brathwaite
 
25,331,202

 
1,057,784

William L. George
 
25,185,833

 
1,203,153

Balakrishnan S. Iyer
 
26,065,317

 
323,669

E. Floyd Kvamme
 
23,919,519

 
2,469,467

Steven J. Sharp
 
26,181,616

 
207,370


There were 1,169,058 broker non-votes for this proposal.
                
2. Power Integrations’ stockholders approved, on an advisory basis, a resolution approving the compensation of Power Integrations’ named executive officers, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows:    
Shares voted for:
24,079,039

Shares voted against:
2,231,416

Shares abstaining:
78,531

Broker non-votes
1,169,058


3. Power Integrations’ stockholders approved the 2016 Incentive Award Plan, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows:    
Shares voted for:
23,544,457

Shares voted against:
2,841,333

Shares abstaining:
3,196

Broker non-votes
1,169,058


4. Power Integrations’ stockholders approved the amendment and restatement of the 1997 Employee Stock Purchase Plan, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows:    
Shares voted for:
25,823,150

Shares voted against:
563,384

Shares abstaining:
2,452

Broker non-votes
1,169,058


5. Power Integrations’ stockholders ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for its fiscal year ending December 31, 2016. The tabulation of votes on this matter was as follows:
Shares voted for:
27,248,056

Shares voted against:
190,358

Shares abstaining:
119,630

Broker non-votes
—







SIGNATURES
 
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.
 
 
 
 
By:
 /s/ Sandeep Nayyar
 
 
 
Name:
Sandeep Nayyar
 
 
Title:
Chief Financial Officer & Vice President of Finance
 
 
 
 
 
 Dated:  May 16, 2016