Power Integrations Announces 2 For 1 Stock Split

October 25, 1999

SUNNYVALE, CALIF. - October 25, 1999 -- Power Integrations, Inc. (Nasdaq: POWI - news), the leading supplier of high-voltage analog integrated circuits for use in AC to DC power conversion, announced today that it's Board of Directors approved a two-for-one stock split to be effected in the form of a 100% stock dividend.

The Company's stockholders of record will receive one share of common stock, $.001 par value per Share, for each issued and outstanding share of the Company's common stock held by shareholders of record as of November 8, 1999. Following the payment of the stock dividend, the Company will have approximately 26.4 million shares outstanding, based on the number of shares as of November 8, 1999. The Company has established November 22, 1999 as the payment date for the planned dividend.

If a stockholder is contemplating a sale of the Company's shares from the record date to the payment date, he or she should consult a broker regarding entitlement to the dividend shares.

"The stock split is in response to the Company's growth over the last year and the increase in the market price for the Company's common stock over that period," said Howard Earhart, president and CEO of Power Integrations. The split will reduce the price per share, and is intended to broaden the stockholder base and increase the availability of shares for trading.

About Power Integrations

Power Integrations, Inc. is the leading supplier of high voltage analog integrated circuits for use in AC to DC power conversion applications. For more information, visit the Company's web site at www.powerint.com or contact the Company at 477 North Mathilda Ave., Sunnyvale, Calif. 94086. Phone: (408) 523-9200. Fax: (408) 523-9300.

NASDAQ: POWI $119.08 -1.23
-1.02% Volume: 129,556 August 7, 2020

Contact Us

Joe Shiffler
Director, Investor Relations & Corporate Communications
(408) 414-8528

Literature Requests

Mailing Address:
Power Integrations
Attn: Investor Relations
5245 Hellyer Avenue San Jose, CA. 95138

Transfer Agent:
P.O. Box 30170
College Station, TX 77842
Phone: (781) 575-2879

Subscribe to Investor Alerts

Email Address *
Mailing Lists *

Enter the code shown above.