Short answer
POWER INTEGRATIONS INC (POWI) filed an 8-K current report with the SEC on May 7, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers). May 7, 2026 earnings release covers Power Integrations’ fiscal-year 2026 results.
POWER INTEGRATIONS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- May 7, 2026 earnings release covers Power Integrations’ fiscal-year 2026 results
- Investors should review Exhibit 99.1 for financial results, outlook, and management commentary
Item 5.02 · Departure/Election of Directors or Officers
- Mike Balow appointed Senior Vice President, Worldwide Sales, effective May 4, 2026
- Former onsemi, Infineon, and Cypress sales executive brings more than three decades of semiconductor experience
- Annual base salary $450,000 plus $2.4M RSUs vesting over four years
- Additional target awards: $360,000 2026 PSUs and $1.6M PRSUs, each potentially vesting at 0–200%
- Severance includes one year’s salary, PSU benefits, and change-of-control acceleration, increasing potential compensation obligations
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