Vishay Precision, Nakomis Agree to Add an Independent Director to Vishay Board

Vishay Precision Group said Monday it reached an agreement with Nakomis Capital to further strengthen its board of directors by working with Nokomis to identify a mutually agreeable individual to appoint to the board as a new independent director.

The new director’s term will expire at the 2018 Annual Meeting of Stockholders. If such an independent director is not identified by June 30, Wes Cummins of Nokomis will be appointed to the board until the new independent director is identified. The new director will serve on the board’s Nominating & Corporate Governance Committee and the Compensation Committee.

By Bucky Rini