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AI brief of an SEC Form 8-K · Power Integrations (POWI)

Power Integrations names Jennifer Lloyd as CEO, succeeding Balu Balakrishnan

Neutral Impact 4 of 5 leadership Written later

Power Integrations said its board elected Jennifer Lloyd, PhD as President and CEO, effective when she starts on July 21, 2025, and that she will join the board. Co-founder Balu Balakrishnan, CEO since 2002, will become Executive Chairman until February 2026, then serve as a consultant on patent litigation and R&D. The filing sets out Lloyd's pay package, which includes a $650,000 base salary and equity awards.

Key points

  • Board elected Lloyd as CEO on July 11, 2025, and increased board size from eight to nine directors
  • Lloyd's base salary is $650,000, with a 2025 target PSU award pro-rated from a full-year value of $812,500
  • Lloyd receives $2.5 million in RSUs, $2.5 million in target PRSUs, and a $1 million sign-on RSU grant
  • Lloyd previously worked at Analog Devices from 1997 until July 2025, most recently as corporate vice president of its multi-market power business unit

The filing

CompanyPower Integrations (POWI)
Form8-K, current report
Filed with the SECJul 17, 2025, 4:22 PM ET
Accession number0000833640-25-000146

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.