<SEC-DOCUMENT>0000103730-19-000030.txt : 20190710
<SEC-HEADER>0000103730-19-000030.hdr.sgml : 20190710
<ACCEPTANCE-DATETIME>20190710161834
ACCESSION NUMBER:		0000103730-19-000030
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190710
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190710
DATE AS OF CHANGE:		20190710

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISHAY INTERTECHNOLOGY INC
		CENTRAL INDEX KEY:			0000103730
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		IRS NUMBER:				381686453
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07416
		FILM NUMBER:		19949533

	BUSINESS ADDRESS:	
		STREET 1:		63 LANCASTER AVENUE
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6106441300

	MAIL ADDRESS:	
		STREET 1:		63 LANCASTER AVENUE
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</div>
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    </div>
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              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="width: 94.54%; vertical-align: top;">
              <div style="text-align: justify;">Date of Report (Date of earliest event reported)&#160;&#160;&#160;&#160; <font style="font-style: normal; font-variant: normal; font-weight: normal;"><u>July 10, 2019</u></font></div>
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              <div style="text-align: left;">&#160;</div>
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              <div style="text-align: left;">&#160;</div>
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      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 12pt;" id="ze8159ab408dd4eb3b56107b2331fd77a">

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            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center; font-size: 18pt; font-weight: bold;">Vishay Intertechnology, Inc.</div>
            </td>
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              <div style="text-align: left;">&#160;</div>
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              <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
            </td>
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            <td style="width: 39.49%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
              <div style="text-align: center;">Delaware</div>
            </td>
            <td style="width: 22.47%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
              <div style="text-align: center;">1-7416</div>
            </td>
            <td style="width: 38.04%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
              <div style="text-align: center;">38-1686453</div>
            </td>
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            <td style="width: 39.49%; vertical-align: top;">
              <div style="text-align: center;">(State or Other Jurisdiction of Incorporation)</div>
            </td>
            <td style="width: 22.47%; vertical-align: top;">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 38.04%; vertical-align: top;">
              <div style="text-align: center;">(I.R.S. Employer Identification Number)</div>
            </td>
          </tr>

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      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 12pt;" id="z3cb37a7944724e4abfb7954d8d5ffcfc">

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            <td style="width: 53.1%; vertical-align: top;">
              <div style="text-align: left;">&#160;</div>
            </td>
            <td style="width: 46.9%; vertical-align: top;">
              <div style="text-align: left;">&#160;</div>
            </td>
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            <td style="width: 53.1%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
              <div style="text-align: center;">63 Lancaster Avenue</div>
              <div style="text-align: center;">Malvern, PA&#160; 19355-2143</div>
            </td>
            <td style="width: 46.9%; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
              <div style="text-align: center;">19355-2143</div>
            </td>
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            <td style="width: 53.1%; vertical-align: top;">
              <div style="text-align: center;">(Address of Principal Executive Offices)</div>
            </td>
            <td style="width: 46.9%; vertical-align: top;">
              <div style="text-align: center;">Zip Code</div>
            </td>
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            <td colspan="2" style="width: 100%; vertical-align: top;">
              <div style="text-align: left;">&#160;</div>
            </td>
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            <td colspan="2" style="width: 100%; vertical-align: top;">
              <div style="text-align: left;">Registrant's telephone number, including area code&#160; &#160; 610-644-1300</div>
            </td>
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              <div style="text-align: left;">&#160;</div>
            </td>
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            <td style="width: 100%; vertical-align: top;">
              <div style="text-align: center;">(Former name or former address, if changed since last report.)</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="margin-bottom: 2pt;">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:</div>
    <div style="margin-bottom: 2pt;"><br>
    </div>
    <div>
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              <div style="text-align: left; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
            </td>
            <td style="width: 95.58%; vertical-align: top;">
              <div style="text-align: left;">&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.42%; vertical-align: middle;">
              <div style="text-align: left; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
            </td>
            <td style="width: 95.58%; vertical-align: top;">
              <div style="text-align: left;">&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.42%; vertical-align: middle;">
              <div style="text-align: left; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
            </td>
            <td style="width: 95.58%; vertical-align: top;">
              <div style="text-align: left;">&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>
          </tr>
          <tr>
            <td style="width: 4.42%; vertical-align: middle;">
              <div style="text-align: left; font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</div>
            </td>
            <td style="width: 95.58%; vertical-align: top;">
              <div style="text-align: left;">&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
            </td>
          </tr>

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    </div>
    <div style="margin-bottom: 2pt;">&#160;</div>
    <div style="text-align: justify; margin-bottom: 8pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
      1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div>
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            <td style="width: 88.94%; vertical-align: middle;">
              <div style="text-align: right;">Emerging growth company</div>
            </td>
            <td style="width: 11.06%; vertical-align: top;">
              <div style="text-align: left;">&#160;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
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          </tr>

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    </div>
    <div style="margin-bottom: 2pt;">&#160;</div>
    <div style="text-align: justify; margin-bottom: 8pt;">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. <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-align: justify; margin-bottom: 8pt;">&#160;
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            <td style="border: 1px solid rgb(0, 0, 0); width: 39.99%; vertical-align: bottom;">
              <div style="text-align: center;">&#160;Title of each class</div>
            </td>
            <td style="border: 1px solid rgb(0, 0, 0); width: 20%; vertical-align: bottom;">
              <div style="text-align: center;">&#160;Trading symbol</div>
            </td>
            <td style="border: 1px solid rgb(0, 0, 0); width: 40%; vertical-align: bottom;">
              <div style="text-align: center;">&#160;Name of exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="border: 1px solid rgb(0, 0, 0); width: 39.99%; vertical-align: middle;">
              <div style="text-align: center;">&#160;Common stock, par value $0.10 per share</div>
            </td>
            <td style="border: 1px solid rgb(0, 0, 0); width: 20%; vertical-align: bottom;">
              <div style="text-align: center;">&#160;VSH</div>
            </td>
            <td style="border: 1px solid rgb(0, 0, 0); width: 40%; vertical-align: middle;">
              <div style="text-align: center;">&#160;New York Stock Exchange</div>
            </td>
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      <div> <br>
      </div>
      <div>
        <div style="text-align: left; font-weight: bold;">Item 2.02 &#8211; Results of Operations and Financial Condition</div>
        <div><br>
        </div>
        <div style="text-align: left;">On July 10, 2019, Vishay Intertechnology, Inc. issued a press release updating its outlook for the fiscal quarter ended June 29, 2019.&#160; A copy
          of the press release is attached as Exhibit 99.1 to this report.</div>
      </div>
      <div> <br>
      </div>
      <div>
        <div style="text-align: left; font-weight: normal; margin-bottom: 8pt;">
          <div style="font-weight: bold;">Item 9.01 &#8211; Financial Statements and Exhibits</div>
          <div style="font-weight: bold;">&#160;</div>
          <div style="line-height: normal; text-indent: 0px; font-weight: normal; margin-top: 0px; margin-bottom: 0px;">(d) Exhibits<br>
          </div>
        </div>
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              <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                <div style="text-align: left;">Exhibit No.</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="text-align: left; padding-bottom: 2px; vertical-align: bottom;">&#160;</td>
              <td valign="bottom" style="vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;">
                <div style="text-align: left;">Description</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom;">&#160;</td>
              <td valign="bottom" style="vertical-align: top;">&#160;&#160;</td>
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            <tr>
              <td valign="bottom" style="width: 1%; text-align: left; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" style="width: 9%; text-align: right; vertical-align: bottom; background-color: rgb(204, 238, 255);">
                <div><a href="exhibit99-1.htm">99.1</a></div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="width: 1%; text-align: left; vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
              <td valign="bottom" style="width: 89%; vertical-align: top; background-color: rgb(204, 238, 255);">
                <div style="text-align: left;"><a href="exhibit99-1.htm">Press release
                    dated July 10, 2019</a></div>
              </td>
            </tr>

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      <div> <br>
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      <div>
        <div style="text-align: center; font-weight: bold; margin-top: 1pt;">Signature</div>
        <div style="margin-top: 1pt; margin-bottom: 3pt;"><br>
        </div>
        <div style="text-align: left; margin-top: 1pt; margin-bottom: 3pt;">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.</div>
        <div style="margin-top: 3pt; margin-bottom: 3pt;"><br>
        </div>
        <div style="margin-top: 3pt; margin-bottom: 3pt;"><br>
        </div>
        <div style="text-align: left; margin-top: 3pt; margin-bottom: 3pt; margin-left: 36pt;">Date: July 10, 2019</div>
        <div style="margin-top: 3pt; margin-bottom: 3pt; margin-left: 40pt;"><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 12pt;" id="z3086517d709c41b68b52f01684be4630">

            <tr>
              <td style="width: 43.79%; vertical-align: top;">&#160;</td>
              <td style="width: 56.21%; vertical-align: top;">
                <div style="text-align: left;">VISHAY INTERTECHNOLOGY, INC.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 12pt;" id="ze0c55b215f004f91b58a20aa194b34d6">

            <tr>
              <td style="width: 43.79%; vertical-align: top;">&#160;</td>
              <td style="width: 5.25%; vertical-align: top;">
                <div style="text-align: left;">By:</div>
              </td>
              <td style="width: 18.24%; font-style: normal; font-variant: normal; font-weight: normal; vertical-align: top;">
                <div style="text-align: left;"><u>/s/ Lori Lipcaman</u></div>
              </td>
              <td style="width: 32.72%; vertical-align: top;">&#160;</td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 12pt;" id="za6f1bdd2d8684990926e5fc01c547048">

            <tr>
              <td style="width: 43.79%; vertical-align: top;">&#160;</td>
              <td style="width: 7.98%; vertical-align: top;">
                <div style="text-align: left;">Name:</div>
              </td>
              <td style="width: 15.51%; vertical-align: top;">
                <div style="text-align: left;">Lori Lipcaman</div>
              </td>
              <td style="width: 7.55%; vertical-align: top;">&#160;</td>
              <td style="width: 25.17%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 43.79%; vertical-align: top;">&#160;</td>
              <td style="width: 7.98%; vertical-align: top;">
                <div style="text-align: left;">Title:</div>
              </td>
              <td colspan="3" style="width: 48.23%; vertical-align: top;">
                <div style="text-align: left;">Executive Vice President and</div>
              </td>
            </tr>
            <tr>
              <td style="width: 43.79%; vertical-align: top;">&#160;</td>
              <td style="width: 7.98%; vertical-align: top;">&#160;</td>
              <td colspan="2" style="width: 23.06%; vertical-align: top;">
                <div style="text-align: left;">Chief Financial Officer</div>
              </td>
            </tr>

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      </div>
      <div> <br>
      </div>
      <div> <br>
      </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <!-- Licensed to: Vishay Intertechnology, Inc.
         Document created using EDGARfilings PROfile 6.0.0.0
         Copyright 1995 - 2019 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">VISHAY INTERTECHNOLOGY UPDATES SECOND QUARTER 2019 GUIDANCE AND SCHEDULES SECOND QUARTER 2019 EARNINGS CALL</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">MALVERN, PENNSYLVANIA</font> - July 10, 2019 - Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest
      manufacturers of discrete semiconductors and passive electronic components, today announced that its results for the second fiscal quarter of 2019 are expected to be below the Company&#8217;s previous outlook. The Company now expects second quarter
      revenues to be in the range of $682 to $688 million, with gross margins of 25.2% to 25.8%. The previous expectation was for revenues in the range of $700 to $740 million and for gross margins of 26% to 27%.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">The change in outlook is the result of weaker than expected demand mainly from distribution.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">Vishay will release its results for the second quarter before the New York Stock Exchange opens on Tuesday, July 30, 2019.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">A conference call to discuss Vishay&#8217;s second quarter financial results is scheduled for Tuesday, July 30, 2019 at 9:00 a.m. ET. The dial-in number for
      the conference call is 877 589-6174 (+1 706-643-1406, if calling from outside the United States or Canada) and the access code is 8387353.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">There will be a replay of the conference call from 12:00 p.m. ET on Tuesday, July 30, 2019 through 11:59 p.m. ET on Tuesday, August 13, 2019. The
      telephone number for the replay is +1 855-859-2056 (+1 404-537-3406, if calling from outside the United States or Canada) and the access code is 8387353.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">A live audio webcast of the conference call and a PDF copy of the press release and the quarterly presentation will be accessible directly from the
      Investor Relations section of the Vishay website at http://ir.vishay.com.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">About Vishay</div>
    <div style="font-family: 'Times New Roman',Times,serif;">Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors
      (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive,
      consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay&#8217;s product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the
      Internet at&#160;http://www.vishay.com.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">Statements contained herein that relate to the Company's expected second quarter revenues, and gross margins are forward-looking statements within the
      safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should," or other similar words or
      expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or
      uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected.&#160; Results for the second fiscal quarter will only be known
      with certainty when the Company completes its accounting for the quarter. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</div>
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