POWI Power Integrations Inc - 8-K

Item 5.07. Submission of Matters to a Vote of Security Holders.

On June 3, 2026, Power Integrations, Inc. (the
“ Company ”) held its 2026 Annual Meeting of Stockholders (the “ Meeting ”). Present in person or by
proxy at the Meeting were shares of Common Stock representing 53,728,568 votes, or approximately 96.45% of the 55,703,980 shares outstanding
and entitled to vote as of the record date of April 13, 2026, and which constituted a quorum.

At the Meeting, the Company’s stockholders:
(i) elected Wendy Arienzo, Ph.D., Anita Ganti, Nancy Gioia, Balakrishnan S. Iyer, Jennifer Lloyd, Ph.D., Gregg Lowe, and Ravi Vig, each
to serve as a director of the Company until the 2027 Annual Meeting of Stockholders as described in Proposal One; (ii) approved, on an
advisory and non-binding basis, the compensation of the Company’s named executive officers as described in Proposal Two; (iii) ratified
the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending
December 31, 2026 as described in Proposal Three; (iv) approved an amendment and restatement of the Company’s 2016 Incentive Award
Plan to increase the number of shares of common stock reserved for issuance thereunder as described in Proposal Four; and (v) did not
approve a stockholder proposal related to the separation of the office of Chairman and the office of Chief Executive Officer as described
in Proposal 5.

The following tables set forth the results of the
voting at the Meeting.

Proposal One – to elect seven (7)
directors each to hold office until the Company’s 2027 Annual Meeting of Stockholders and until his or her successor is duly elected
and qualified, or until his earlier death, resignation, or removal:

Director Nominees

For

Withheld

Broker Non-votes

Wendy Arienzo, Ph.D.

50,337,805

840,578

2,550,185

Anita Ganti

50,821,276

357,107

2,550,185

Nancy Gioia

50,993,502

184,881

2,550,185

Balakrishnan S. Iyer

45,129,046

6,049,337

2,550,185

Jennifer Lloyd, Ph.D.

51,110,446

67,937

2,550,185

Gregg Lowe

51,003,012

175,371

2,550,185

Ravi Vig

50,723,251

455,132

2,550,185

Each of the director nominees received the required affirmative vote
of holders of a plurality of the votes cast and, therefore, each of the Company’s nominees were elected as a director to hold office
until the Company’s 2027 Annual Meeting of Stockholders, and until his or her successor is duly elected and qualified, or until
his or her earlier death, resignation, or removal.

1

Proposal Two – to approve, on an advisory
and non-binding basis, the compensation of the Company’s named executive officers:

For

Against

Abstain

Broker Non-votes

47,396,523

3,775,693

6,167

2,550,185

Proposal Two required the affirmative vote of the holders of a majority
of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was approved
by stockholders as set forth in the table above.

Proposal Three – to ratify the selection
of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December
31, 2026:

For

Against

Abstain

Broker Non-votes

52,771,119

937,542

19,907

0

Proposal Three required the affirmative vote of the holders of a majority
of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was approved
by stockholders as set forth in the table above.

Proposal Four – to approve an amendment
and restatement of the Power Integrations, Inc. 2016 Incentive Award Plan to increase the number of shares of Common Stock reserved for
issuance thereunder:

For

Against

Abstain

Broker Non-votes

42,512,170

8,641,807

24,406

2,550,185

Proposal Four required the affirmative vote of the holders of a majority
of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was approved
by stockholders as set forth in the table above.

Proposal Five – to approve a stockholder
proposal related to the separation of the office of Chairman and the office of Chief Executive Officer:

For

Against

Abstain

Broker Non-votes

5,778,974

45,300,365

99,043

2,550,185

Proposal Five required the affirmative vote of the holders of a majority
of the voting power of the shares of stock present at the Meeting or represented by proxy and entitled to vote thereon and was not approved
by stockholders as set forth in the table above.

2