---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-062515"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2025-03-25T23:59:59+00:00"
generated_at: "2026-05-24T06:13:33.084929+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Microchip issues 27M depositary shares of 7.5% mandatory convertible preferred stock

## Summary
- Issued 27M depositary shares (each 1/20 interest in 7.5% Series A Mand Conv Pref); over-allotment 2.7M exercised in full.
- Preferred stock liquidation preference $1,000/share, 7.5% annual dividend payable quarterly starting June 15, 2025.
- Mandatory conversion March 15, 2028 into 16.0060–19.6080 common shares per preferred share, subject to anti-dilution.
- Entered capped call transactions with RBC, BNP Paribas, Truist, BMO, TD to offset dilution; cap price $71.40 per share.
- Certificate of Designations restricts common dividends and share repurchases unless preferred dividends paid in full.

## SEC filing metadata
- accession: 0001193125-25-062515
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2025-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000119312525062515/0001193125-25-062515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000119312525062515/d943799d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-062515
- JSON: https://secwatch.observer/filing/0001193125-25-062515.json
- Plain text: https://secwatch.observer/filing/0001193125-25-062515.txt

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