---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-24-000026"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:34:25.293679+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Microchip cuts CEO and executive salaries by 20% effective Feb 19, 2024

## Summary
- CEO Ganesh Moorthy and other NEOs (Sanghi, Simoncic, Bjornholt, Drehobl) take 20% salary cut.
- Non-employee board members also receive 20% reduction in cash compensation.
- Salary reductions effective February 19, 2024, as part of broader expense reduction actions.
- Compensation Committee approved the cuts on February 2, 2024.

## SEC filing metadata
- accession: 0000827054-24-000026
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705424000026/0000827054-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705424000026/mchp-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-24-000026
- JSON: https://secwatch.observer/filing/0000827054-24-000026.json
- Plain text: https://secwatch.observer/filing/0000827054-24-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.