Monolithic Power Systems Elects New Directors, Sees Director Departure
Ticker: MPWR · Form: 8-K · Filed: Oct 22, 2024 · CIK: 1280452
Sentiment: neutral
Topics: board-changes, governance
Related Tickers: MPWR
TL;DR
MPWR board shakeup: Ruzicka out, McNeely & Rickey in. Effective immediately.
AI Summary
Monolithic Power Systems, Inc. announced on October 21, 2024, the departure of Director Michael R. Ruzicka. The company also elected two new directors, Michael G. McNeely and David J. Rickey, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and does not involve significant financial transactions or operational disruptions.
Key Players & Entities
- Monolithic Power Systems, Inc. (company) — Registrant
- Michael R. Ruzicka (person) — Departing Director
- Michael G. McNeely (person) — Newly Elected Director
- David J. Rickey (person) — Newly Elected Director
- October 21, 2024 (date) — Effective date of changes
FAQ
Who has departed from the Board of Directors at Monolithic Power Systems, Inc.?
Michael R. Ruzicka has departed from the Board of Directors.
When were the changes to the Board of Directors effective?
The changes were effective as of October 21, 2024.
Who are the newly elected directors at Monolithic Power Systems, Inc.?
Michael G. McNeely and David J. Rickey have been elected as new directors.
What is the exact name of the company filing this report?
The exact name of the company is MONOLITHIC POWER SYSTEMS, INC.
What is the principal executive office address of Monolithic Power Systems, Inc.?
The address is 5808 Lake Washington Blvd. NE, Kirkland, Washington 98033.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-22 17:13:12
Key Financial Figures
- $0.001 — h registered Common Stock , par value $0.001 per share MPWR The NASDAQ Global Sele
Filing Documents
- mpwr20241020_8k.htm (8-K) — 21KB
- 0001437749-24-031789.txt ( ) — 150KB
- mpwr-20241021.xsd (EX-101.SCH) — 3KB
- mpwr-20241021_def.xml (EX-101.DEF) — 11KB
- mpwr-20241021_lab.xml (EX-101.LAB) — 15KB
- mpwr-20241021_pre.xml (EX-101.PRE) — 11KB
- mpwr20241020_8k_htm.xml (XML) — 3KB
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: October 22, 2024 By: /s/ Saria Tseng Saria Tseng Executive Vice President, Strategic Corporate Development, General Counsel and Corporate Secretary