---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017560"
form_type: "8-K"
ticker: "MPWR"
cik: "0001280452"
company_name: "MONOLITHIC POWER SYSTEMS INC"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-13T23:47:36.542516+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MPWR declares $1.00 Q2 dividend; shareholders approve amended ESPP with 4.4M shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-017560
- form_type: 8-K
- ticker: MPWR
- cik: 0001280452
- company_name: MONOLITHIC POWER SYSTEMS INC
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/mpwr20230609_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017560
- JSON: https://secwatch.observer/filing/0001437749-23-017560.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017560.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm
- Shareholder Votes
  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
  source text: Approval of the Amended 2004 ESPP: For Against Abstain Broker Non-Votes 42,862,054 249,245 5,363 1,317,164
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280452/000143774923017560/0001437749-23-017560-index.htm

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