Monolithic Power Systems adopts proxy access and updates bylaws

MONOLITHIC POWER SYSTEMS INC

Proxy access permits stockholders owning 3%+ for 3+ years to nominate one director in company's proxy materials.
Board also updated indemnification provisions and added disclosure requirements for contested director elections.
Changes conform to Delaware General Corporation Law; obsolete provisions eliminated.
Effective immediately upon Board approval on April 26, 2022.

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