Monolithic Power Systems Files 8-K
Ticker: MPWR · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1280452
Sentiment: neutral
Topics: corporate-events, financial-statements, filing
Related Tickers: MPWR
TL;DR
MPWR filed an 8-K on June 13th, reporting on shareholder votes and other events. Check financials.
AI Summary
Monolithic Power Systems, Inc. filed an 8-K on June 14, 2024, reporting on matters submitted to a vote of security holders and other events. The filing includes financial statements and exhibits, with the earliest reported event date being June 13, 2024. The company is incorporated in Delaware and headquartered in Kirkland, Washington.
Why It Matters
This 8-K filing provides updates on corporate actions and financial information for Monolithic Power Systems, Inc., which is important for investors to stay informed about the company's governance and financial status.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting corporate events and financial statements, not indicating any immediate financial distress or significant new risks.
Key Players & Entities
- MONOLITHIC POWER SYSTEMS, INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Kirkland, Washington (location) — Principal executive offices
- June 13, 2024 (date) — Earliest event reported
- June 14, 2024 (date) — Filing date
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates 'Submission of Matters to a Vote of Security Holders' as an item, but the specific details of these matters are not provided in the excerpt.
What 'Other Events' are being reported?
The filing lists 'Other Events' as an item, but the specific nature of these events is not detailed in the provided text.
What is the significance of the 'Financial Statements and Exhibits' being included?
The inclusion of 'Financial Statements and Exhibits' suggests that the filing contains important financial data and supporting documents relevant to the reported events.
When was Monolithic Power Systems, Inc. incorporated?
Monolithic Power Systems, Inc. was incorporated in Delaware, as stated in the filing.
What is the company's primary business sector?
The company's Standard Industrial Classification (SIC) code is 3674, which corresponds to 'SEMICONDUCTORS & RELATED DEVICES'.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-06-14 17:25:04
Key Financial Figures
- $0.001 — ch registered Common Stock , par value $0.001 per share MPWR The NASDAQ Global Sel
- $1.25 — ing the second quarter cash dividend of $1.25 per share to all stockholders of record
Filing Documents
- mpwr20240604_8k.htm (8-K) — 45KB
- ex_683721.htm (EX-99.1) — 6KB
- logosmall.jpg (GRAPHIC) — 8KB
- 0001437749-24-020388.txt ( ) — 195KB
- mpwr-20240613.xsd (EX-101.SCH) — 3KB
- mpwr-20240613_def.xml (EX-101.DEF) — 11KB
- mpwr-20240613_lab.xml (EX-101.LAB) — 15KB
- mpwr-20240613_pre.xml (EX-101.PRE) — 11KB
- mpwr20240604_8k_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On June 13, 2024, Monolithic Power Systems, Inc. (the "Company") held its 2024 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders: (1) elected three Class II directors to serve for three-year terms until the Company's annual meeting of stockholders in 2027, or until their respective successors are duly elected and qualified; (2) ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024; (3) approved, on an advisory basis, the 2023 compensation of the Company's named executive officers; and (4) approved, on an advisory basis, the stockholder proposal to elect each director annually. The number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter, is set forth below. (1) Election of three Class II directors: Nominee For Withheld Broker Non-Votes Eugen Elmiger 34,362,647 8,395,148 2,090,126 Eileen Wynne 40,333,178 2,424,617 2,090,126 Jeff Zhou 39,390,415 3,367,380 2,090,126 (2) Ratification of the appointment of the Company's independent registered public accounting firm: For Against Abstain Broker Non-Votes 44,814,597 18,945 14,379 0 (3) Approval, on an advisory basis, of the 2023 compensation of the Company's named executive officers: For Against Abstain Broker Non-Votes 41,405,848 1,080,326 271,621 2,090,126 (4) Stockholder proposal to elect each director annually: For Against Abstain Broker Non-Votes 35,522,316 7,198,049 37,430 2,090,126
01 Other Events
Item 8.01 Other Events. On June 13, 2024, Monolithic Power Systems, Inc. issued a press release announcing the second quarter cash dividend of $1.25 per share to all stockholders of record as of the close of business on June 28, 2024. The dividend will be paid to stockholders on July 15, 2024. A copy of the press release is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 Press release issued on June 13 , 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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, thereunto duly authorized. Date: June 14, 2024 By: /s/ Saria Tseng Saria Tseng Executive Vice President, Strategic Corporate Development, General Counsel and Corporate Secretary