MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) announced its decision to host its Annual Meeting of Stockholders in a completely virtual format for the first time. The meeting is scheduled for 9:00 a.m. Eastern Time on Tuesday, May 21, 2024.
The adoption of a virtual format comes amid growing trends across industries to leverage digital platforms for large gatherings. This method allows companies like Vishay to engage with their stockholders globally without the limitations of geographical boundaries. Stockholders will have the opportunity to participate in the annual meeting via the Internet at www.virtualshareholdermeeting.com/VSH2024, marking a pivotal moment in the company’s approach to corporate governance.
The United States Securities and Exchange Commission (SEC) has laid down rules that facilitate companies in notifying their stockholders about the availability of proxy materials online. This initiative not only expedites the dissemination of important information but also significantly cuts down on the costs related to printing and mailing. Vishay has embraced this SEC provision, notifying its stockholders that the proxy statement, annual report, electronic proxy card, and related materials for the 2024 Annual Meeting are accessible for free on the company’s investor relations website, ir.vishay.com.
This strategic move is designed to serve stockholders more efficiently, ensuring they have immediate access to crucial documents and the ability to vote over the Internet or request a full set of materials by mail or email. However, it’s important to note that stockholders who receive a Notice of Internet Availability of Proxy Materials will not automatically receive physical or electronic copies of these materials unless they specifically request them.
For stockholders planning to participate in the virtual meeting, a control number provided in the Notice of Internet Availability of Proxy Materials, on their proxy card, or on their voting instruction form will be necessary. Those lacking a control number may still attend the meeting as guests, although they won’t be eligible to vote their shares or pose questions during the event.
Vishay’s transition to a virtual annual meeting format is indicative of broader shifts within the corporate world towards embracing digital solutions for stakeholder engagement. By conducting its Annual Meeting of Stockholders online, Vishay not only aligns with contemporary practices but also demonstrates foresight in adapting to the evolving expectations of its stockholders. This approach has the potential to enhance participation rates, offering a convenient and accessible platform for stockholders worldwide to engage with the company’s leadership and exercise their voting rights.
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