MONOLITHIC POWER SYSTEMS, INC. (NASDAQ:MPWR) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a
Vote of Security Holders.
On June 15, 2017, Monolithic Power Systems, Inc. (the Company)
held its 2017 Annual Meeting of Stockholders (the Annual
Meeting). At the Annual Meeting, the Companys stockholders (i)
elected two directors to the Companys Board of Directors, (ii)
ratified the appointment of Deloitte Touche LLP as the Companys
independent registered public accounting firm for fiscal year
2017, (iii) approved, on an advisory basis, the 2016 compensation
of the Companys named executive officers, and (iv) recommended,
on an advisory basis, future advisory votes on the compensation
of the Companys named executive officers to be held every year.
Proposal One: Elect two Class I directors to the
Companys Board of Directors to serve until the Annual Meeting of
Stockholders in 2020.
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
Victor K. Lee |
34,748,414 |
525,873 |
3,925,549 |
|
James C. Moyer |
33,011,733 |
2,262,554 |
3,925,549 |
Proposal Two: Ratify the appointment of Deloitte
Touche LLP as the Companys independent registered public
accounting firm for the fiscal year 2017.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
38,128,377 |
1,066,501 |
4,958 |
Proposal Three: Approve, on an advisory basis, the
2016 compensation of the Companys named executive officers.
|
For |
Against |
Abstain |
Broker Non-Votes |
|
34,574,092 |
685,435 |
14,760 |
3,925,549 |
Proposal Four: Recommend, on an advisory basis, the
frequency of future advisory votes on the compensation of the
Companys named executive officers.
|
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes |
|
29,932,966 |
18,440 |
5,157,722 |
165,159 |
3,925,549 |
In accordance with the Boards recommendation as set forth in the
Companys proxy statement for the Annual Meeting and consistent
with the advisory vote of the stockholders, the Company will
conduct future advisory votes on the compensation of executive
officers every year, until the next advisory vote on this matter
is held.
Item 8.01 Other Events.
On June 16, 2017, the Companyissued a press release announcing
the second quarter cash dividend of $0.20 per share to all
stockholders of record as of the close of business on June 30,
2017. The dividend will be paid to stockholders on July 14,
2017.A copy of the press release is attached hereto as Exhibit
99.1.
Item 9.01 Financial Statements
and Exhibits.
|
(d) Exhibits. Exhibit |
Description |
|
|
99.1 |
Press release issued on June 16, 2017, announcing the |
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.
