8-KOther Events

MICROCHIP TECHNOLOGY INC 8-K Report (Jan 22, 2004)

Filed January 22, 2004For Securities:MCHPMCHPP

Summary

Microchip Technology Incorporated (MCHP) filed an 8-K on January 22, 2004, primarily to announce its financial results for the third quarter of fiscal year 2004 and a quarterly cash dividend. The company reported its operational results for the quarter ended December 31, 2003, and provided detailed financial information, including both GAAP and non-GAAP measures. The non-GAAP measures are presented to offer a clearer view of underlying operational performance by excluding certain items deemed outside of core operations. In addition to the financial results, MCHP declared a quarterly cash dividend of $0.035 per share, payable on March 5, 2004, to shareholders of record on February 12, 2004. This dividend declaration is a key piece of information for income-focused investors, indicating the company's commitment to returning capital to shareholders. The filing also highlights the company's use of non-GAAP financial measures, which investors should review carefully alongside the standard GAAP reporting to gain a comprehensive understanding of the company's financial health and operational trends.

Key Highlights

  • 1Announcement of Q3 FY2004 financial results for the quarter ended December 31, 2003.
  • 2Declaration of a quarterly cash dividend of $0.035 per share.
  • 3Dividend payment date set for March 5, 2004.
  • 4Record date for dividend eligibility is February 12, 2004.
  • 5Company provided both GAAP and non-GAAP financial results to enhance understanding of operational performance.
  • 6Non-GAAP measures are used to exclude certain costs, expenses, gains, and losses from core operations.
  • 7The filing includes a press release (Exhibit 99.1) with the detailed financial results and dividend announcement.

Frequently Asked Questions

On January 22, 2004, Microchip Technology announced its financial results for the quarter ended December 31, 2003. The company provided both GAAP and non-GAAP financial measures to offer a comprehensive view of its performance, with non-GAAP results adjusting for items outside of core operations.

Microchip Technology announced a quarterly cash dividend of $0.035 per share. This dividend is scheduled to be paid on March 5, 2004.

Shareholders of record as of February 12, 2004, will be eligible to receive the cash dividend of $0.035 per share.

Microchip Technology uses non-GAAP financial measures to provide investors with a clearer understanding of its underlying operational results and trends. These adjusted measures exclude certain costs, expenses, gains, and losses that are considered by management to be outside of the company's core operational results, offering a view of baseline performance.