AI assistant
Vishay Precision Group, Inc. — Call Transcript 2026
May 19, 2026
Good day, welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. I would now like to turn the conference over to Saul Reibstein, Chairman of the Board of Directors. Please go ahead, sir. Thank you. Good morning, ladies and gentlemen, and welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. I'm Saul Reibstein, and I will act as chair of this meeting. First, I'd like to take this opportunity to thank Tim Talbert for his many years of dedicated service as a director and a close personal friend. I also want to thank and acknowledge that in 2025, we welcomed our newest board member, Kobi Altman, who has already made important contributions to our board. Looking at the past year, fiscal 2025 was a year of transition for VPG. The company created two new C-suite roles, Chief Business and Product Officer and Chief Operating Officer. With these additions and their teams, VPG has implemented a strategy to achieve growth and operational excellence. They will enable more centralized sales and marketing, product development, and operating efficiency. With this strategic change, we remain committed to growing by investing in new products and customers, as well as adding high-quality business through our acquisitions. This is an exciting time for VPG as we focus on fast-growing markets such as humanoid robotics, semiconductor testing, and physical AI, applications for our precision measurement and sensing solutions that are being driven by key technology trends. On behalf of our entire board of directors and the VPG executive team, I want to take this opportunity to thank all of our employees globally, whose diligent work makes VPG the trusted supplier it is to customers around the world. In addition to our solid financial performance, we continue to deploy our capital to support our growth strategies and objectives. Our strong balance sheet, cash flow, and capital allocation strategy gives us an excellent foundation for the future. I now call our 2026 Annual Meeting of Stockholders officially to order. Now I will turn the meeting over to Bill Clancy, our CFO and Corporate Secretary, to cover the next part of the meeting. Bill is also the duly sworn Inspector of Elections. Bill? Thank you, Saul. This year, we are again holding our annual meeting in an all virtual format. We appreciate your participation today. Let's begin by attending to a few formalities. I want to turn your attention to today's agenda that will govern the order of business and the rules of order for the meeting. Copies of the agenda and the rules are available on the virtual meeting site. We ask that participants abide by these rules. If you are a stockholder and you wish to ask a question, you can submit your question at any time on the virtual meeting website. We will post summaries of pertinent questions that comply with the rules of order and our answers to those questions on our investor relations website following the meeting. The polls are open, and we will close after the presentation of our business matters. Stockholders may cast votes online while the polls are open. I would like to introduce the other directors and director nominee of the company, in addition to Saul Reibstein, who are in attendance with us today at our corporate headquarters in Chesterbrook, Pennsylvania, or through remote access. Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. Further, representatives of Brightman, Almagor, Zohar & Company, a firm in the Deloitte Global network, the company's external auditor, and Troutman Pepper Locke LLP, the company's counsel, are present either in person with us today at our corporate headquarters or through remote access. As Inspector of Elections, I am pleased to report that proxies representing more than 92% of the voting power of VPG's total issued and outstanding capital stock entitled to vote have been received, and that a quorum is present at this meeting authorizing the conduct of business. The polls will continue to be open at this meeting while all eligible matters for stockholder action are introduced. We will proceed to move each of the proposals for a vote. Following the balloting, we will present the voting results. The first item of business is the election of directors. The board has duly nominated for election the following persons to serve as directors until the 2027 Annual Meeting of Stockholders. Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Mr. Saul Reibstein, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. I would like to move for the approval of the election of these nominees as directors. Is there a second? Second. The second item of business is the ratification of the appointment of Brightman, Almagor, Zohar & Co., a firm in the Deloitte Global network, as the company's independent registered public accounting firm for the fiscal year ended December 31st, 2026. I would like to move for such ratification. Is there a second? Second. The third item of business is the advisory vote on the executive compensation of our named executive officers as disclosed in the proxy statement for this meeting. I would like to move for the approval on an advisory basis of that compensation. Is there a second? Second. We have not received notice of any other business to be presented at this meeting. The polls are now closed. I will now share with you the preliminary voting tabulation. Any votes that were cast at the meeting have not yet been included in this preliminary voting tabulation, but they will be included in the final report of the Inspector of Elections and in our published voting results. Number 1, with respect to the election of the six persons who were nominated for the position of director to serve until the 2027 Annual Meeting of Stockholders, each has been elected by a plurality of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy. Accordingly, the six nominees for directors have been duly elected. Proposal two, with respect to the ratification of the selection of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, as independent registered public accounting firm for the fiscal year end at December 31st, 2026. The proposal has passed with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted for this proposal. The appointment of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, to serve as independent registered public accountant for the fiscal year end at December 31st, 2026, has been duly ratified. Proposal three, with respect to the advisory vote on the company's named executive officer compensation, the proposal has passed on an advisory basis with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted on this proposal. Accordingly, the company's current executive compensation has been duly approved on an advisory basis. We will post the details of all these matters on our investor website and file a Form 8-K with the Securities and Exchange Commission to report these results. The final report of the Inspector of Elections will be added to the minutes of this meeting. I now turn the meeting back over to Saul. Thank you, Bill. As you might have noticed in our press release this morning, we've announced that Bill Clancy, our Chief Financial Officer, who has been an integral part of our senior management team since we first became an independent public company in 2010, has announced his retirement. He has been a major contributor to our success, and we are deeply grateful to him. Bill's commitment and dedication to our customers, employees, and stockholders have served VPG extremely well. We wish him the best for his well-earned retirement. I'd also like to take this opportunity on behalf of the board to thank Ziv Shoshani for his tremendous leadership in directing the restructuring and advancement of our company in 2025 and throughout our history. Ladies and gentlemen, that completes the business of our 2026 annual meeting. On behalf of the Board of Directors, I would like to express our appreciation for your continued interest in the affairs of the Vishay Precision Group. I declare the meeting adjourned. I would like to thank everyone for joining us today at our 2026 annual meeting of stockholders. Enjoy the day, everyone. Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.
Speaker 2: Good day, welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. I would now like to turn the conference over to Saul Reibstein, Chairman of the Board of Directors. Please go ahead, sir. Good day, welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. good day welcome to the 2026 annual meeting of stockholders of vishay precision group I would now like to turn the conference over to Saul Reibstein, Chairman of the Board of Directors. i would now like to turn the conference over to saul reibstein chairman of the board of directors Please go ahead, sir. please go ahead sir
Speaker 3: Thank you. Good morning, ladies and gentlemen, and welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. I'm Saul Reibstein, and I will act as chair of this meeting. First, I'd like to take this opportunity to thank Tim Talbert for his many years of dedicated service as a director and a close personal friend. Thank you. thank you Good morning, ladies and gentlemen, and welcome to the 2026 Annual Meeting of Stockholders of Vishay Precision Group. good morning ladies and gentlemen and welcome to the 2026 annual meeting of stockholders of vishay precision group I'm Saul Reibstein, and I will act as chair of this meeting. i'm saul reibstein and i will act as chair of this meeting First, I'd like to take this opportunity to thank Tim Talbert for his many years of dedicated service as a director and a close personal friend. first i'd like to take this opportunity to thank tim talbert for his many years of dedicated service as a director and a close personal friend I also want to thank and acknowledge that in 2025, we welcomed our newest board member, Kobi Altman, who has already made important contributions to our board. Looking at the past year, fiscal 2025 was a year of transition for VPG. I also want to thank and acknowledge that in 2025, we welcomed our newest board member, Kobi Altman, who has already made important contributions to our board. i also want to thank and acknowledge that in 2025 we welcomed our newest board member kobi altman who has already made important contributions to our board Looking at the past year, fiscal 2025 was a year of transition for VPG. looking at the past year fiscal 2025 was a year of transition for vpg The company created two new C-suite roles, Chief Business and Product Officer and Chief Operating Officer. With these additions and their teams, VPG has implemented a strategy to achieve growth and operational excellence. They will enable more centralized sales and marketing, product development, and operating efficiency. The company created two new C-suite roles, Chief Business and Product Officer and Chief Operating Officer. the company created two new c-suite roles chief business and product officer and chief operating officer With these additions and their teams, VPG has implemented a strategy to achieve growth and operational excellence. with these additions and their teams vpg has implemented a strategy to achieve growth and operational excellence They will enable more centralized sales and marketing, product development, and operating efficiency. they will enable more centralized sales and marketing product development and operating efficiency With this strategic change, we remain committed to growing by investing in new products and customers, as well as adding high-quality business through our acquisitions. This is an exciting time for VPG as we focus on fast-growing markets such as humanoid robotics, semiconductor testing, and physical AI, applications for our precision measurement and sensing solutions that are being driven by key technology trends. With this strategic change, we remain committed to growing by investing in new products and customers, as well as adding high-quality business through our acquisitions. with this strategic change we remain committed to growing by investing in new products and customers as well as adding high-quality business through our acquisitions This is an exciting time for VPG as we focus on fast-growing markets such as humanoid robotics, semiconductor testing, and physical AI, applications for our precision measurement and sensing solutions that are being driven by key technology trends. this is an exciting time for vpg as we focus on fast-growing markets such as humanoid robotics semiconductor testing and physical ai applications for our precision measurement and sensing solutions that are being driven by key technology trends On behalf of our entire board of directors and the VPG executive team, I want to take this opportunity to thank all of our employees globally, whose diligent work makes VPG the trusted supplier it is to customers around the world. In addition to our solid financial performance, we continue to deploy our capital to support our growth strategies and objectives. On behalf of our entire board of directors and the VPG executive team, I want to take this opportunity to thank all of our employees globally, whose diligent work makes VPG the trusted supplier it is to customers around the world. on behalf of our entire board of directors and the vpg executive team i want to take this opportunity to thank all of our employees globally whose diligent work makes vpg the trusted supplier it is to customers around the world In addition to our solid financial performance, we continue to deploy our capital to support our growth strategies and objectives. in addition to our solid financial performance we continue to deploy our capital to support our growth strategies and objectives Our strong balance sheet, cash flow, and capital allocation strategy gives us an excellent foundation for the future. I now call our 2026 Annual Meeting of Stockholders officially to order. Now I will turn the meeting over to Bill Clancy, our CFO and Corporate Secretary, to cover the next part of the meeting. Bill is also the duly sworn Inspector of Elections. Bill? Our strong balance sheet, cash flow, and capital allocation strategy gives us an excellent foundation for the future. our strong balance sheet cash flow and capital allocation strategy gives us an excellent foundation for the future I now call our 2026 Annual Meeting of Stockholders officially to order. i now call our 2026 annual meeting of stockholders officially to order Now I will turn the meeting over to Bill Clancy, our CFO and Corporate Secretary, to cover the next part of the meeting. now i will turn the meeting over to bill clancy our cfo and corporate secretary to cover the next part of the meeting Bill is also the duly sworn Inspector of Elections. bill is also the duly sworn inspector of elections Bill? bill
Speaker 1: Thank you, Saul. This year, we are again holding our annual meeting in an all virtual format. We appreciate your participation today. Let's begin by attending to a few formalities. I want to turn your attention to today's agenda that will govern the order of business and the rules of order for the meeting. Thank you, Saul. thank you saul This year, we are again holding our annual meeting in an all virtual format. this year we are again holding our annual meeting in an all virtual format We appreciate your participation today. we appreciate your participation today Let's begin by attending to a few formalities. let's begin by attending to a few formalities I want to turn your attention to today's agenda that will govern the order of business and the rules of order for the meeting. i want to turn your attention to today's agenda that will govern the order of business and the rules of order for the meeting Copies of the agenda and the rules are available on the virtual meeting site. We ask that participants abide by these rules. If you are a stockholder and you wish to ask a question, you can submit your question at any time on the virtual meeting website. We will post summaries of pertinent questions that comply with the rules of order and our answers to those questions on our investor relations website following the meeting. Copies of the agenda and the rules are available on the virtual meeting site. copies of the agenda and the rules are available on the virtual meeting site We ask that participants abide by these rules. we ask that participants abide by these rules If you are a stockholder and you wish to ask a question, you can submit your question at any time on the virtual meeting website. if you are a stockholder and you wish to ask a question you can submit your question at any time on the virtual meeting website We will post summaries of pertinent questions that comply with the rules of order and our answers to those questions on our investor relations website following the meeting. we will post summaries of pertinent questions that comply with the rules of order and our answers to those questions on our investor relations website following the meeting The polls are open, and we will close after the presentation of our business matters. Stockholders may cast votes online while the polls are open. I would like to introduce the other directors and director nominee of the company, in addition to Saul Reibstein, who are in attendance with us today at our corporate headquarters in Chesterbrook, Pennsylvania, or through remote access. The polls are open, and we will close after the presentation of our business matters. the polls are open and we will close after the presentation of our business matters Stockholders may cast votes online while the polls are open. stockholders may cast votes online while the polls are open I would like to introduce the other directors and director nominee of the company, in addition to Saul Reibstein, who are in attendance with us today at our corporate headquarters in Chesterbrook, Pennsylvania, or through remote access. i would like to introduce the other directors and director nominee of the company in addition to saul reibstein who are in attendance with us today at our corporate headquarters in chesterbrook pennsylvania or through remote access Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. Further, representatives of Brightman, Almagor, Zohar & Company, a firm in the Deloitte Global network, the company's external auditor, and Troutman Pepper Locke LLP, the company's counsel, are present either in person with us today at our corporate headquarters or through remote access. Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. mr kobi altman ms sejal shah gulati mr erez lorber ms nava swersky sofer and mr ziv shoshani Further, representatives of Brightman, Almagor, Zohar & Company, a firm in the Deloitte Global network, the company's external auditor, and Troutman Pepper Locke LLP, the company's counsel, are present either in person with us today at our corporate headquarters or through remote access. further representatives of brightman almagor zohar & company a firm in the deloitte global network the company's external auditor and troutman pepper locke llp the company's counsel are present either in person with us today at our corporate headquarters or through remote access As Inspector of Elections, I am pleased to report that proxies representing more than 92% of the voting power of VPG's total issued and outstanding capital stock entitled to vote have been received, and that a quorum is present at this meeting authorizing the conduct of business. The polls will continue to be open at this meeting while all eligible matters for stockholder action are introduced. As Inspector of Elections, I am pleased to report that proxies representing more than 92% of the voting power of VPG's total issued and outstanding capital stock entitled to vote have been received, and that a quorum is present at this meeting authorizing the conduct of business. as inspector of elections i am pleased to report that proxies representing more than 92% of the voting power of vpg's total issued and outstanding capital stock entitled to vote have been received and that a quorum is present at this meeting authorizing the conduct of business The polls will continue to be open at this meeting while all eligible matters for stockholder action are introduced. the polls will continue to be open at this meeting while all eligible matters for stockholder action are introduced We will proceed to move each of the proposals for a vote. Following the balloting, we will present the voting results. The first item of business is the election of directors. The board has duly nominated for election the following persons to serve as directors until the 2027 Annual Meeting of Stockholders. Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Mr. Saul Reibstein, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. I would like to move for the approval of the election of these nominees as directors. Is there a second? We will proceed to move each of the proposals for a vote. we will proceed to move each of the proposals for a vote Following the balloting, we will present the voting results. following the balloting we will present the voting results The first item of business is the election of directors. the first item of business is the election of directors The board has duly nominated for election the following persons to serve as directors until the 2027 Annual Meeting of Stockholders. the board has duly nominated for election the following persons to serve as directors until the 2027 annual meeting of stockholders Mr. Kobi Altman, Ms. Sejal Shah Gulati, Mr. Erez Lorber, Mr. Saul Reibstein, Ms. Nava Swersky Sofer, and Mr. Ziv Shoshani. mr kobi altman ms sejal shah gulati mr erez lorber mr saul reibstein ms nava swersky sofer and mr ziv shoshani I would like to move for the approval of the election of these nominees as directors. i would like to move for the approval of the election of these nominees as directors Is there a second? is there a second
Speaker 3: Second. Second. second
Speaker 1: The second item of business is the ratification of the appointment of Brightman, Almagor, Zohar & Co., a firm in the Deloitte Global network, as the company's independent registered public accounting firm for the fiscal year ended December 31st, 2026. I would like to move for such ratification. Is there a second? The second item of business is the ratification of the appointment of Brightman, Almagor, Zohar & Co., a firm in the Deloitte Global network, as the company's independent registered public accounting firm for the fiscal year ended December 31st, 2026. the second item of business is the ratification of the appointment of brightman almagor zohar & co a firm in the deloitte global network as the company's independent registered public accounting firm for the fiscal year ended december 31st 2026 I would like to move for such ratification. i would like to move for such ratification Is there a second? is there a second
Speaker 3: Second. Second. second
Speaker 1: The third item of business is the advisory vote on the executive compensation of our named executive officers as disclosed in the proxy statement for this meeting. I would like to move for the approval on an advisory basis of that compensation. Is there a second? The third item of business is the advisory vote on the executive compensation of our named executive officers as disclosed in the proxy statement for this meeting. the third item of business is the advisory vote on the executive compensation of our named executive officers as disclosed in the proxy statement for this meeting I would like to move for the approval on an advisory basis of that compensation. i would like to move for the approval on an advisory basis of that compensation Is there a second? is there a second
Speaker 3: Second. Second. second
Speaker 1: We have not received notice of any other business to be presented at this meeting. The polls are now closed. I will now share with you the preliminary voting tabulation. Any votes that were cast at the meeting have not yet been included in this preliminary voting tabulation, but they will be included in the final report of the Inspector of Elections and in our published voting results. We have not received notice of any other business to be presented at this meeting. we have not received notice of any other business to be presented at this meeting The polls are now closed. the polls are now closed I will now share with you the preliminary voting tabulation. i will now share with you the preliminary voting tabulation Any votes that were cast at the meeting have not yet been included in this preliminary voting tabulation, but they will be included in the final report of the Inspector of Elections and in our published voting results. any votes that were cast at the meeting have not yet been included in this preliminary voting tabulation but they will be included in the final report of the inspector of elections and in our published voting results Number 1, with respect to the election of the six persons who were nominated for the position of director to serve until the 2027 Annual Meeting of Stockholders, each has been elected by a plurality of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy. Accordingly, the six nominees for directors have been duly elected. Number 1, with respect to the election of the six persons who were nominated for the position of director to serve until the 2027 Annual Meeting of Stockholders, each has been elected by a plurality of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy. number 1 with respect to the election of the six persons who were nominated for the position of director to serve until the 2027 annual meeting of stockholders each has been elected by a plurality of the votes of the shares of common stock and class b common stock voting together as a single class present or represented by proxy Accordingly, the six nominees for directors have been duly elected. accordingly the six nominees for directors have been duly elected Proposal two, with respect to the ratification of the selection of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, as independent registered public accounting firm for the fiscal year end at December 31st, 2026. Proposal two, with respect to the ratification of the selection of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, as independent registered public accounting firm for the fiscal year end at December 31st, 2026. proposal two with respect to the ratification of the selection of brightman almagor zohar and company a firm in the deloitte global network as independent registered public accounting firm for the fiscal year end at december 31st 2026 The proposal has passed with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted for this proposal. The appointment of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, to serve as independent registered public accountant for the fiscal year end at December 31st, 2026, has been duly ratified. The proposal has passed with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted for this proposal. the proposal has passed with the affirmative vote of a majority of the votes of the shares of common stock and class b common stock voting together as a single class present or represented by proxy and voted for this proposal The appointment of Brightman, Almagor, Zohar, and Company, a firm in the Deloitte Global network, to serve as independent registered public accountant for the fiscal year end at December 31st, 2026, has been duly ratified. the appointment of brightman almagor zohar and company a firm in the deloitte global network to serve as independent registered public accountant for the fiscal year end at december 31st 2026 has been duly ratified Proposal three, with respect to the advisory vote on the company's named executive officer compensation, the proposal has passed on an advisory basis with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted on this proposal. Proposal three, with respect to the advisory vote on the company's named executive officer compensation, the proposal has passed on an advisory basis with the affirmative vote of a majority of the votes of the shares of Common Stock and Class B Common Stock, voting together as a single class, present or represented by proxy, and voted on this proposal. proposal three with respect to the advisory vote on the company's named executive officer compensation the proposal has passed on an advisory basis with the affirmative vote of a majority of the votes of the shares of common stock and class b common stock voting together as a single class present or represented by proxy and voted on this proposal Accordingly, the company's current executive compensation has been duly approved on an advisory basis. We will post the details of all these matters on our investor website and file a Form 8-K with the Securities and Exchange Commission to report these results. The final report of the Inspector of Elections will be added to the minutes of this meeting. I now turn the meeting back over to Saul. Accordingly, the company's current executive compensation has been duly approved on an advisory basis. accordingly the company's current executive compensation has been duly approved on an advisory basis We will post the details of all these matters on our investor website and file a Form 8-K with the Securities and Exchange Commission to report these results. we will post the details of all these matters on our investor website and file a form 8-k with the securities and exchange commission to report these results The final report of the Inspector of Elections will be added to the minutes of this meeting. the final report of the inspector of elections will be added to the minutes of this meeting I now turn the meeting back over to Saul. i now turn the meeting back over to saul
Speaker 3: Thank you, Bill. As you might have noticed in our press release this morning, we've announced that Bill Clancy, our Chief Financial Officer, who has been an integral part of our senior management team since we first became an independent public company in 2010, has announced his retirement. He has been a major contributor to our success, and we are deeply grateful to him. Thank you, Bill. thank you bill As you might have noticed in our press release this morning, we've announced that Bill Clancy, our Chief Financial Officer, who has been an integral part of our senior management team since we first became an independent public company in 2010, has announced his retirement. as you might have noticed in our press release this morning we've announced that bill clancy our chief financial officer who has been an integral part of our senior management team since we first became an independent public company in 2010 has announced his retirement He has been a major contributor to our success, and we are deeply grateful to him. he has been a major contributor to our success and we are deeply grateful to him Bill's commitment and dedication to our customers, employees, and stockholders have served VPG extremely well. We wish him the best for his well-earned retirement. I'd also like to take this opportunity on behalf of the board to thank Ziv Shoshani for his tremendous leadership in directing the restructuring and advancement of our company in 2025 and throughout our history. Ladies and gentlemen, that completes the business of our 2026 annual meeting. Bill's commitment and dedication to our customers, employees, and stockholders have served VPG extremely well. bill's commitment and dedication to our customers employees and stockholders have served vpg extremely well We wish him the best for his well-earned retirement. we wish him the best for his well-earned retirement I'd also like to take this opportunity on behalf of the board to thank Ziv Shoshani for his tremendous leadership in directing the restructuring and advancement of our company in 2025 and throughout our history. i'd also like to take this opportunity on behalf of the board to thank ziv shoshani for his tremendous leadership in directing the restructuring and advancement of our company in 2025 and throughout our history Ladies and gentlemen, that completes the business of our 2026 annual meeting. ladies and gentlemen that completes the business of our 2026 annual meeting On behalf of the Board of Directors, I would like to express our appreciation for your continued interest in the affairs of the Vishay Precision Group. I declare the meeting adjourned. I would like to thank everyone for joining us today at our 2026 annual meeting of stockholders. Enjoy the day, everyone. Thank you. On behalf of the Board of Directors, I would like to express our appreciation for your continued interest in the affairs of the Vishay Precision Group. on behalf of the board of directors i would like to express our appreciation for your continued interest in the affairs of the vishay precision group I declare the meeting adjourned. i declare the meeting adjourned I would like to thank everyone for joining us today at our 2026 annual meeting of stockholders. i would like to thank everyone for joining us today at our 2026 annual meeting of stockholders Enjoy the day, everyone. enjoy the day everyone Thank you. thank you
Speaker 2: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. The conference has now concluded. the conference has now concluded Thank you for attending today's presentation. thank you for attending today's presentation You may now disconnect. you may now disconnect