8-K
filed June 15, 2023, 7:59 PM ET
ticker MPWR
CIK 0001280452
other
confidence high
sentiment neutral
materiality 0.50
MPWR declares $1.00 Q2 dividend; shareholders approve amended ESPP with 4.4M shares
MONOLITHIC POWER SYSTEMS INC
- Second quarter cash dividend of $1.00 per share; record date June 30, payable July 14, 2023.
- Stockholders approved Amended 2004 ESPP, removing evergreen provision and authorizing 4,400,000 new shares.
- Class I directors Victor K. Lee and James C. Moyer re-elected with ~78% of votes cast.
- Advisory say-on-pay vote passed but only 57% in favor; 43% opposed or abstained.
- Company will continue annual advisory votes on executive compensation as recommended by shareholders.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MONOLITHIC POWER SYSTEMS INC shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
Ratification of the appointment of the Company’s independent registered public accounting firm: For Against Abstain Broker Non-Votes 44,390,466 38,444 4,916 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MONOLITHIC POWER SYSTEMS INC shareholders approved Recommendation, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s named executive officers at the 2023-06-15 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
Recommendation, on an advisory basis, the frequency of future advisory votes on the compensation of the Company’s named executive officers: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 42,827,411 4,408 270,065 14,778 1,317,164
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MONOLITHIC POWER SYSTEMS INC shareholders approved Election of two Class I directors at the 2023-06-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
Election of two Class I directors: Nominee For Withheld Broker Non-Votes Victor K. Lee 33,535,506 9,581,156 1,317,164 James C. Moyer 33,654,368 9,462,294 1,317,164
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MONOLITHIC POWER SYSTEMS INC shareholders approved Approval, on an advisory basis, of the 2022 compensation of the Company’s named executive officers at the 2023-06-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
Approval, on an advisory basis, of the 2022 compensation of the Company’s named executive officers: For Against Abstain Broker Non-Votes 24,509,415 18,540,210 67,037 1,317,164
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MONOLITHIC POWER SYSTEMS INC shareholders approved Approval of the Amended 2004 ESPP at the 2023-06-15 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-15
Exact text from the filing
Approval of the Amended 2004 ESPP: For Against Abstain Broker Non-Votes 42,862,054 249,245 5,363 1,317,164
View on SEC.gov
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