8-KEarnings & ResultsLeadership ChangesExhibits & Filings

MONOLITHIC POWER SYSTEMS INC 8-K Report, Financial Results (Oct 30, 2007)

Filed October 30, 2007For Securities:MPWR

Summary

Monolithic Power Systems, Inc. (MPWR) filed an 8-K report on October 30, 2007, to announce its financial results for the quarter ended September 30, 2007, and to disclose changes in executive officer compensation. The company issued a press release and held a conference call on October 30, 2007, to discuss these financial results. Additionally, the Compensation Committee of the Board of Directors approved increases to the annual base salaries of its executive officers, effective November 1, 2007. This filing provides investors with an update on the company's recent financial performance and executive compensation structure.

Key Highlights

  • 1MPWR reported its financial results for the quarter ended September 30, 2007, via a press release and conference call on October 30, 2007.
  • 2The information regarding financial results is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, limiting liability for this specific disclosure.
  • 3The Compensation Committee approved increases in annual base salaries for executive officers, effective November 1, 2007.
  • 4Key executive salary increases include Michael Hsing's base salary increasing to $400,000.
  • 5Other executive officers receiving salary adjustments are C. Richard Neely, Jr., Deming Xiao, Maurice Sciammas, Adriana Chiocchi, and Paul Ueunten.
  • 6The filing includes a press release dated October 30, 2007, as an exhibit.
  • 7C. Richard Neely, Jr., CFO, signed the report on behalf of Monolithic Power Systems, Inc.

Frequently Asked Questions

This 8-K filing serves two main purposes: to announce Monolithic Power Systems, Inc.'s financial results for the quarter ended September 30, 2007, and to report on the Compensation Committee's approval of increased annual base salaries for its executive officers, effective November 1, 2007.

The increased annual base salaries for the executive officers will be effective starting November 1, 2007.

The detailed financial results were announced via a press release issued on October 30, 2007, and discussed during a conference call held on the same day. The press release is included as Exhibit 99.1 to this 8-K filing.

No, the information under Item 2.02 (Results of Operations and Financial Condition) and the accompanying exhibit are being furnished and are not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, which provides certain protections to the company regarding this disclosure.