VPG and Nokomis Capital Reach Agreement on Board EnhancementBoard Enhancement Agreement • March 27th, 2017 • Vishay Precision Group, Inc. • Electronic components & accessories
MALVERN, Pa. (March 27, 2017) - Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of precision sensors and systems, and Nokomis Capital, L.L.C. today announced an agreement to further strengthen the Company’s Board of Directors. The Company and Nokomis will work to identify a mutually agreeable individual to appoint to the Board as a new independent director, with a term expiring at the 2018 Annual Meeting of Stockholders. If such an independent director is not identified by June 30, 2017, 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.
