MONOLITHIC POWER SYSTEMS, INC. (NASDAQ:MPWR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
On June 14, 2018, Monolithic Power Systems, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders (i) elected two directors to the Company’s Board of Directors, (ii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year 2018, and (iii) approved, on an advisory basis, the compensation of the Company’s named executive officers.
| Proposal One: | Elect two Class II directors to the Company’s Board of Directors to serve until the Annual Meeting of Stockholders in 2021. |
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Eugen Elmiger |
33,985,269 |
4,254,834 |
2,101,052 |
|
Jeff Zhou |
37,426,179 |
813,924 |
2,101,052 |
| Proposal Two: | Ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year 2018. |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
39,530,804 |
723,579 |
86,772 |
0 |
| Proposal Three: | Approve, on an advisory basis, the compensation of the Company’s named executive officers. |
|
For |
Against |
Abstain |
Broker Non-Votes |
|
37,106,906 |
1,035,590 |
97,607 |
2,101,052 |
Item 5.07 Other Events.
On June 14, 2018, the Companyissued a press release announcing the second quarter cash dividend of $0.30 per share to all stockholders of record as of the close of business on June 29, 2018. The dividend will be paid to stockholders on July 13, 2018.A copy of the press release is attached hereto as Exhibit 99.1.
Item 5.07 Financial Statements and Exhibits.
MONOLITHIC POWER SYSTEMS INC ExhibitEX-99.1 2 ex_116422.htm EXHIBIT 99.1 ex_116422.htm Exhibit 99.1 PRESS RELEASE For Immediate Release Monolithic Power Systems,…To view the full exhibit click here
About MONOLITHIC POWER SYSTEMS, INC. (NASDAQ:MPWR)
Monolithic Power Systems, Inc. designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company provides power solutions for systems found in industrial applications, telecommunication infrastructures, cloud computing, automotive and consumer applications. It operates in the design, development, marketing and sale of high-performance power solutions for the communications, storage and computing, consumer and industrial markets segment. It has approximately two primary product families that address multiple applications within the communications, storage and computing, consumer and industrial markets. Its product families include Direct Current (DC) to DC Products, and Lighting Control Products and alternating current (AC)/DC Offline Solutions. Its DC to DC integrated circuits (ICs) are used to convert and control voltages within a range of electronic systems, such as portable electronic devices, automobiles and medical equipment.
