UNITED STATESSECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securites Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 2020
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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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
| | Trading Symbol(s)
| | Name of each exchange on which registered
|
Common Stock, $0.001 Par Value
| | POWI
| | The Nasdaq Global Select Market
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On July 30, 2020, Power Integrations, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2020, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01. Other Events.
On July 29, 2020, the Board of Directors of the Company authorized a stock dividend of one share of common stock for each share of common stock outstanding on the record date. The record date for the stock dividend is August 14, 2020, and the payment date is August 18, 2020. In connection and effective upon the stock dividend, the Board of Directors also approved anti-dilutive adjustments to the shares reserved for issuance under the Company’s equity incentive plans, and made anti-dilutive and other equitable adjustments to the terms of outstanding options, performance stock unit awards and restricted stock unit awards.
Item 9.01. Financial Statements and Exhibits.
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 |
| | | | | |
Dated: July 30, 2020
