UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   May 17, 2013

IXYS Corporation
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(Exact name of registrant as specified in its charter)

     
Delaware 000-26124 77-0140882
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
1590 Buckeye Drive, Milpitas, California   95035
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   408-457-9000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

On May 17, 2013, the Board of Directors of IXYS Corporation ("IXYS") approved the adoption of the 2013 Equity Incentive Plan, under which 2,000,000 shares of the common stock of IXYS will be reserved for the grant of equity incentives.





Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 17, 2013, the Compensation Committee of the Board of Directors of IXYS awarded Dr. Nathan Zommer, the Chairman of the Board and Chief Executive Officer, and Uzi Sasson, the President and Chief Financial Officer, $165,000 and $100,000, respectively, as cash performance compensation for fiscal 2013.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    IXYS Corporation
          
May 23, 2013   By:   /s/ Uzi Sasson
       
        Name: Uzi Sasson
        Title: President