Monolithic Power Systems Files 8-K
Ticker: MPWR · Form: 8-K · Filed: Feb 6, 2025 · CIK: 1280452
Sentiment: neutral
Topics: financial-reporting, corporate-events
Related Tickers: MPWR
TL;DR
MPWR filed an 8-K on Feb 6, 2025, with financial updates and other events.
AI Summary
Monolithic Power Systems, Inc. filed an 8-K on February 6, 2025, reporting on results of operations, other events, and financial statements. The filing details the company's financial condition and other significant corporate events.
Why It Matters
This filing provides investors with crucial updates on the company's financial performance and any material events that could impact its stock value.
Risk Assessment
Risk Level: low — This is a routine filing reporting on financial results and other events, not indicating immediate significant risk.
Key Players & Entities
- MONOLITHIC POWER SYSTEMS, INC. (company) — Registrant
- 0001280452 (company) — Central Index Key
- 770466789 (company) — IRS Number
- Delaware (company) — State of Incorporation
- 5808 Lake Washington Blvd. NE (company) — Business Address
- Kirkland (company) — City
- Washington (company) — State
- 98033 (company) — Zip Code
- 425-296-9956 (company) — Business Phone
- February 6, 2025 (date) — Date of Report
FAQ
What specific items are covered in this 8-K filing?
This 8-K filing covers Results of Operations and Financial Condition, Other Events, and Financial Statements and Exhibits.
What is the exact name of the company filing this report?
The exact name of the registrant is MONOLITHIC POWER SYSTEMS, INC.
In which state was Monolithic Power Systems, Inc. incorporated?
Monolithic Power Systems, Inc. was incorporated in Delaware.
What is the principal executive office address for Monolithic Power Systems, Inc.?
The address of the principal executive offices is 5808 Lake Washington Blvd. NE, Kirkland, Washington 98033.
What is the filing date of this 8-K report?
The date of the report, and the date of the earliest event reported, is February 6, 2025.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 9.8 · Accepted 2025-02-06 16:01:11
Key Financial Figures
- $0.001 — ch registered Common Stock , par value $0.001 per share MPWR The NASDAQ Global Sel
- $1.25 — ase in its quarterly cash dividend from $1.25 per share to $1.56 per share. The first
- $1.56 — y cash dividend from $1.25 per share to $1.56 per share. The first quarter dividend o
- $500 m — roved a new stock repurchase program of $500 million, which will expire on February 4,
Filing Documents
- mpwr20241112c_8k.htm (8-K) — 30KB
- ex_746686.htm (EX-99.1) — 394KB
- ex_746687.htm (EX-99.2) — 394KB
- ex_772163.htm (EX-99.3) — 9KB
- logo.jpg (GRAPHIC) — 9KB
- logosmall.jpg (GRAPHIC) — 8KB
- 0001437749-25-003024.txt ( ) — 1040KB
- mpwr-20250206.xsd (EX-101.SCH) — 3KB
- mpwr-20250206_def.xml (EX-101.DEF) — 11KB
- mpwr-20250206_lab.xml (EX-101.LAB) — 15KB
- mpwr-20250206_pre.xml (EX-101.PRE) — 11KB
- mpwr20241112c_8k_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 6, 2025, Monolithic Power Systems, Inc. (the "Company") issued a press release (the "Press Release") regarding its financial results for the quarter and year ended December 31, 2024. The Press Release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. Attached hereto as Exhibit 99.2 and incorporated by reference herein is financial information and commentary regarding results of the quarter and year ended December 31, 2024. The information under Item 2.02 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "1934 Act"), nor shall they be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the 1934 Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
01 Other Events
Item 8.01 Other Events. Increase in Quarterly Dividend In the Press Release, the Company also announced that its Board of Directors approved an increase in its quarterly cash dividend from $1.25 per share to $1.56 per share. The first quarter dividend of $1.56 per share will be paid on April 15, 2025 to all stockholders of record as of the close of business on March 31, 2025. A copy of the Press Release is attached hereto as Exhibit 99.1. Stock Repurchase Program On February 6, 2025, the Company also announced that its Board of Directors has approved a new stock repurchase program of $500 million, which will expire on February 4, 2028. Shares of common stock repurchased under the program will be retired. A copy of the press release is attached hereto as Exhibit 99.3. Stock repurchases under the program may be made through open market repurchases, privately negotiated transactions or other structures in accordance with applicable state and federal securities laws, at times and in amounts as management deems appropriate. The timing and the number of any repurchased common stock will be determined by the Company's management based on its evaluation of market conditions, legal requirements, share price, and other factors. Repurchases of common stock may be made under a Rule 10b5-1 plan. The repurchase program does not obligate the Company to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 Press release issued on February 6, 2025, announcing the financial results for the quarter and year ended December 31, 2024. 99.2 Earnings commentary for the quarter and year ended December 31, 2024. 99.3 Press release issued on February 6, 2025, announcing the stock repurchase program. 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: February 6, 2025 By: /s/ T. Bernie Blegen T. Bernie Blegen Executive Vice President and Chief Financial Officer