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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM
CURRENT REPORT
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act Of 1934
Date of Report (Date of earliest event reported):
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(Exact name of Registrant as specified in its charter)
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (
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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:
Securities registered pursuant to Section 12(b) of the Act:
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 8.01. Other Events.
On February 27, 2022, the board of directors of Power Integrations approved the addition of $50 million to the Company’s share-repurchase authorization.
Power Integrations repurchased approximately 423,000 shares of its common stock during the fourth quarter of 2021 and approximately 820,000 shares in January 2022, exhausting its prior repurchase authorization. As announced in conjunction with the Company’s quarterly results on February 3, 2022, the Company’s board subsequently allocated an additional $100 million for share repurchases, a portion of which has been utilized in February.
Item 9.01. Financial Statements and Exhibits.
Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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.
