Summary
This 8-K filing from Microchip Technology Inc. (MCHP) is an amendment to a previous filing made on May 7, 2009, concerning their fourth quarter and fiscal year results ended March 31, 2009. The primary purpose of this amendment is to correct a specific error in the previously issued press release. The error involved incorrect column headings in the Condensed Consolidated Statements of Income, which mistakenly stated 'Three Months Ended March 31' when it should have read 'Twelve Months Ended March 31' for certain sections. The corrected financial statements are attached as Exhibit 99.1. For investors, this filing is important for ensuring the accuracy of the financial data being reviewed. While the underlying financial performance figures are not altered, the corrected presentation clarifies the periods for which the year-over-year comparisons are made. Investors should refer to the attached Exhibit 99.1 for the accurate Consolidated Statements of Income for both the three-month period and the full fiscal year ended March 31, 2009, and 2008.
Key Highlights
- 1Amendment to a previous 8-K filing dated May 7, 2009.
- 2Corrects an error in the column headings of the Condensed Consolidated Statements of Income.
- 3The error was in stating 'Three Months Ended March 31' instead of 'Twelve Months Ended March 31' for certain income statement data.
- 4The corrected Condensed Consolidated Statements of Income are provided as Exhibit 99.1.
- 5This filing ensures the accuracy of reported financial data for the fourth quarter and fiscal year ended March 31, 2009.
- 6No changes are indicated to the actual financial performance or results previously reported, only to the presentation's clarity.