8-KShareholder MattersOther EventsExhibits & Filings

MONOLITHIC POWER SYSTEMS INC 8-K Report, Shareholder Vote Results (Jun 21, 2022)

Filed June 21, 2022For Securities:MPWR

Summary

Monolithic Power Systems, Inc. (MPWR) filed an 8-K on June 20, 2022, detailing the outcomes of its 2022 Annual Meeting of Stockholders held on June 16, 2022. Key decisions included the election of three Class III directors to serve until 2025 and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022. Additionally, stockholders approved, on an advisory basis, the compensation of the company's named executive officers for 2021. Beyond the annual meeting outcomes, the company announced its second quarter cash dividend. A dividend of $0.75 per share will be paid on July 15, 2022, to stockholders of record as of June 30, 2022. This filing provides important governance updates and shareholder return information for investors.

Key Highlights

  • 1The Company held its 2022 Annual Meeting of Stockholders on June 16, 2022.
  • 2Three Class III directors were elected for three-year terms ending in 2025.
  • 3Ernst & Young LLP was ratified as the independent registered public accounting firm for FY 2022.
  • 4Stockholders approved, on an advisory basis, the 2021 executive compensation.
  • 5The Company announced a second quarter cash dividend of $0.75 per share.
  • 6The dividend will be paid on July 15, 2022, to shareholders of record on June 30, 2022.

Frequently Asked Questions

The main outcomes included the election of three Class III directors for three-year terms, the ratification of Ernst & Young LLP as the independent auditor for 2022, and an advisory approval of the 2021 executive compensation.

Yes, the company announced a second quarter cash dividend of $0.75 per share. This dividend is scheduled to be paid on July 15, 2022, to stockholders of record as of June 30, 2022.

The filing states that three Class III directors were elected. Specific names of the newly elected directors are Michael Hsing, Herbert Chang, and Carintia Martinez, each elected to serve until the Company's annual meeting of stockholders in 2025.

Yes, the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022, received a strong affirmative vote, with 43,121,439 votes for, and only 27,727 votes against.