Vishay Precision Group, Inc. Executive Employment Updates and CFO Retirement
Vishay Precision Group, Inc. (the "Company") announced significant executive changes on May 18-19, 2026. William M. Clancy, Executive Vice President and CFO, announced his retirement effective December 31, 2026. He entered into a Transition & Separation Agreement entitling him to base salary continuation until June 30, 2028, continued COBRA premiums, his 2026 annual bonus, and accelerated vesting of certain RSUs and PBRSUs. The Company also amended employment agreements for key executives. Ziv Shoshani, CEO, will receive an annual equity award valued at approximately 225% of his base salary and an annual cash bonus with a target of 100% and a maximum of 150% of his base salary, starting fiscal year 2026. Amir Tal, EVP and Chief Accounting Officer, will receive an annual equity award valued at approximately 100% of his base salary. New employment agreements were also established for Yair Alcobi, EVP and Chief Business and Product Officer, and Rafi Ouzan, EVP and Chief Operating Officer, detailing their base salaries, annual equity awards (100% of base salary), and annual cash bonuses (target 65%, maximum 105% of base salary). These agreements also include provisions for severance packages and customary restrictive covenants. Additionally, the Company held its 2026 Annual Meeting of Stockholders, where directors were elected, and the appointment of Brightman Almagor Zohar & Co. as the independent registered public accounting firm for 2026 was ratified. A non-binding advisory vote on executive compensation was also held.