8-KSecurities & ListingExhibits & Filings

MONOLITHIC POWER SYSTEMS INC 8-K Report, Listing Notice (Nov 25, 2005)

Filed November 25, 2005For Securities:MPWR

Summary

Monolithic Power Systems, Inc. (MPWR) filed an 8-K on November 25, 2005, reporting a critical development: receipt of a written notice from the Nasdaq Stock Market on November 22, 2005. This notice indicates that the Company is not in compliance with Nasdaq's Marketplace Rule 4310(c)(14) due to the failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2005. Consequently, MPWR's securities are subject to delisting from the Nasdaq. The Company has announced its intention to appeal this determination and request a hearing with the Nasdaq Listing Qualifications Panel. While requesting a hearing will temporarily halt the delisting process pending a decision, there is no guarantee that the panel will grant the Company's request for continued listing. Investors should closely monitor the outcome of this appeal process as it directly impacts the trading status of MPWR shares.

Key Highlights

  • 1MPWR received a notice from Nasdaq on November 22, 2005, indicating non-compliance with listing rules.
  • 2The non-compliance stems from the failure to file the Form 10-Q for the quarter ended September 30, 2005, on time.
  • 3MPWR's securities are currently subject to delisting from the Nasdaq stock exchange.
  • 4The company plans to appeal the delisting determination and request a hearing.
  • 5Requesting a hearing will stay the delisting process until a decision is made by the hearing panel.
  • 6There is no assurance that the appeal will be successful and the company will maintain its Nasdaq listing.

Frequently Asked Questions

MPWR received the warning because it failed to file its quarterly report on Form 10-Q for the quarter ended September 30, 2005, by the required deadline, thus violating Nasdaq's Marketplace Rule 4310(c)(14).

MPWR intends to appeal the delisting determination made by the Nasdaq staff and has requested a hearing before the Nasdaq Listing Qualifications Panel.

No, the filing of an appeal and the request for a hearing will temporarily stay the delisting process. The delisting will be postponed until the hearing panel reviews the case and renders a decision.

No, the company explicitly states that there can be no assurances that the Nasdaq hearing panel will grant the Company's request for continued listing. The outcome of the appeal process is uncertain.