MICROCHIP TECHNOLOGY INC — fact timeline

Mitch Little was appointed as Director at MICROCHIP TECHNOLOGY INC.

“appointed Mitch Little, former Senior Vice President, Worldwide Client Engagement of Microchip, as a member of the Board, effective June 1, 2026.”

MICROCHIP TECHNOLOGY INC reported the three months and fiscal year ended March 31, 2026 results: revenue $1.311 billion, net income $116.4 million, EPS $0.21 per diluted share.

“Relations..... (480) 792-7385 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2026 For the quarter ended March 31, 2026 • Net sales of $1.311 billion, increased 35.1% from the year ago quarter and up 10.6% sequentially. The midpoint of our guidance provided on February 5, 2026 was net sales of $1.260 billion. • On a GAAP”

MICROCHIP TECHNOLOGY INC entered into Indenture with Computershare Trust Company, National Association (effective 2026-02-11).

“The Company issued the Notes pursuant to an indenture, dated February 11, 2026 (the “Indenture”), by and between the Company and Computershare Trust Company, National Association, as trustee.”

MICROCHIP TECHNOLOGY INC entered into Purchase Agreement with J.P. Morgan Securities LLC, BofA Securities, Inc. and Truist Securities, Inc. valued at $800 million aggregate principal amount (effective 2026-02-09).

“On February 9, 2026, Microchip Technology Incorporated (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc. and Truist Securities, Inc., as representatives of the several initial purchasers (the “Initial Purchasers”), to issue and sell $800 million aggregate principal amount of its 0% Convertible Senior Notes due 2030 (the “Initial Notes”).”

MICROCHIP TECHNOLOGY INC incurred convertible notes of $800 million aggregate principal amount (plus $100 million additional notes option exercised) with J.P. Morgan Securities LLC, BofA Securities, Inc. and Truist Securities, Inc., as representatives at 0% maturing February 15, 2030.

“On February 9, 2026, Microchip Technology Incorporated (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with J.P. Morgan Securities LLC, BofA Securities, Inc. and Truist Securities, Inc., as representatives of the several initial purchasers (the “Initial Purchasers”), to issue and sell $800 million aggregate principal amount of its 0% Convertible Senior Notes due 2030 (the “Initial Notes”). In addition, the Company granted the Initial Purchasers a 13-day option to purchase up to an additional $100 million aggregate principal amount of such notes on the same terms and conditions (the “Additional Notes” and together with the Initial Notes, the “Notes”). On February 10, 2026, the Initial Purchasers exercised their option to purchase the Additional Notes in full.”

Rick Cassidy was appointed as Director at MICROCHIP TECHNOLOGY INC.

“On May 1, 2025, the Board of Directors (the "Board") of Microchip Technology Incorporated, upon the recommendation from the Nominating, Governance and Sustainability Committee of the Board, appointed Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, as a member of the Board, effective May 2, 2025.”

MICROCHIP TECHNOLOGY INC incurred revolving credit of up to $2,250.0 million with JPMorgan Chase Bank, N.A., as administrative agent at base rate plus a spread of 0.0% to 0.50%, an adjusted daily simple SOFR rate (or maturing March 25, 2030.

“The Restated Credit Agreement provides for an unsecured revolving loan facility (the "Revolving Loans") in an aggregate principal amount of up to $2,250.0 million, with a $250.0 million foreign currency sublimit, a $25.0 million letter of credit sublimit and a $20.0 million swingline loan sublimit.”

MICROCHIP TECHNOLOGY INC: Certificate of Designations establishing preferences, limitations and relative rights of the Preferred Stock filed with Delaware Secretary of State (effective 2025-03-25).

“On March 25, 2025, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Preferred Stock.”

MICROCHIP TECHNOLOGY INC announced a restructuring with charges of approximately $45 million affecting long-term supply agreements with certain wafer foundries.

“The Company also expects to incur charges of approximately $45 million in connection with the cancellation or modification of long-term supply agreements that the Company has with certain wafer foundries.”

MICROCHIP TECHNOLOGY INC announced a restructuring with charges of between $30 million and $40 million affecting Fab 4 facility in Gresham, Oregon, Fab 5 facility in Colorado Springs, Colorado, backend manufacturing facility in the Philippines, various business units and support groups (approximately 2,000 employees).

“business units and support groups. The total headcount reductions from these actions will be approximately 2,000 employees and the Company estimates that it will incur between $30 million and $40 million of related costs, consisting of cash severance, other severance benefits and other related restructuring costs. The Company expects these actions to be”

Robert A. Rango retired as member of the Board of Directors at MICROCHIP TECHNOLOGY INC.

“On February 19, 2025, Robert A. Rango, a member of the Board of Directors (the "Board") of Microchip Technology Incorporated (the "Company"), retired from the Board effective as of February 19, 2025.”

Victor Peng was appointed as member of the Board at MICROCHIP TECHNOLOGY INC.

“On February 4, 2025, the Board, upon recommendation from its Nominating, Governance and Sustainability Committee, appointed Victor Peng, formerly the president of Advanced Micro Devices, Inc. (AMD), as a member of the Board, effective February 10, 2025.”

MICROCHIP TECHNOLOGY INC announced a restructuring with charges of between $3 million and $8 million affecting Tempe, Arizona wafer fabrication facility (Fab 2) (approximately 500 employees).

“levels beginning in the March 2025 quarter. This action is expected to affect approximately 500 employees. The Company anticipates near-term restructuring costs to be between $3 million and $8 million, and it is possible that the Company could incur other restructuring and shut-down costs in the future of up to an additional $15 million. The estimates of the”

Steve Sanghi was elected as interim Chief Executive Officer and President at MICROCHIP TECHNOLOGY INC.

“the Board elected Microchip’s former Chief Executive Officer and President, Steve Sanghi, to serve as interim Chief Executive Officer and President effective November 18, 2024.”

Steve Sanghi retired as Executive Chair at MICROCHIP TECHNOLOGY INC.

“Steve Sanghi, the Company’s Executive Chair, informed the Company of his retirement as an officer and employee of the Company effective at the end of the day on August 20, 2024.”

MICROCHIP TECHNOLOGY INC reported financial results for fourth quarter and fiscal year 2024.

“On May 6, 2024, we announced the results of our operations for the fourth quarter and fiscal year 2024. The complete release is attached to this report as Exhibit 99.1.”

Stephen V. Drehobl retired as Senior Vice President, MCU 8 and MCU 16 Business Units at MICROCHIP TECHNOLOGY INC.

“Stephen V. Drehobl, the Company’s Senior Vice President, MCU 8 and MCU 16 Business Units, informed the Company of his retirement from the Company effective June 7, 2024.”

Richard J. Simoncic was appointed as Chief Operating Officer at MICROCHIP TECHNOLOGY INC.

“appointed Richard J. Simoncic as Chief Operating Officer of the Company.”

MICROCHIP TECHNOLOGY INC entered into First Supplemental Indenture with Computershare Trust Company, National Association valued at $1,000,000,000 aggregate principal amount (effective 2024-03-07).

“On March 7, 2024, Microchip Technology Incorporated, a Delaware corporation (the “Company”), issued $1,000,000,000 aggregate principal amount of its 5.050% Senior Notes due 2029 (the “Notes”) in a public offering.”

MICROCHIP TECHNOLOGY INC reported third quarter of fiscal year 2024 results: revenue $1.766 billion, net income $419.2 million, EPS $0.77 per diluted share.

“INVESTOR RELATIONS CONTACT: J. Eric Bjornholt -- CFO..... (480) 792-7804 MICROCHIP TECHNOLOGY ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2024 • Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially. •”

Ellen Barker was appointed as member of the Board at MICROCHIP TECHNOLOGY INC.

“appointed Ellen Barker, formerly the Senior Vice President and Chief Information Officer of Texas Instruments (TI), as a member of the Board, effective February 2, 2024.”

MICROCHIP TECHNOLOGY INC reported preliminary financial results for third quarter of fiscal year 2024 ended December 31, 2023.

“we announced our preliminary revenue results for the third quarter of fiscal year 2024 ended December 31, 2023. The complete release is attached to this report as Exhibit 99.1.”

MICROCHIP TECHNOLOGY INC reported financial results for second quarter of fiscal year 2024.

“On November 2, 2023, we announced the results of our operations for the second quarter of fiscal year 2024. The complete release is attached to this report as Exhibit 99.1.”

MICROCHIP TECHNOLOGY INC incurred debt of not to exceed $2,750,000,000 with four commercial paper dealers (as Dealers); a national bank (as issuing and paying agent) maturing may not exceed 397 days from the date of issue.

“may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $2,750,000,000. The Company’s obligations with respect to the payment of the Notes are fully and unconditionally guaranteed by certain of its subsidiaries (the “Guarantors”), and the initial”

MICROCHIP TECHNOLOGY INC entered into Commercial Paper Program with Dealers (unnamed commercial paper dealers) valued at $2,750,000,000 (effective 2023-09-13).

“On September 13, 2023 (the "Effective Date"), Microchip Technology Incorporated (the "Company") entered into a commercial paper program (the "Program"), under which the Company may issue unsecured commercial paper notes (the "Notes") pursuant to an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). Amounts available under the Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $2,750,000,000.”

MICROCHIP TECHNOLOGY INC: Amended and restated bylaws to update stockholder nomination procedures, conform to Delaware law, revise director/committee/officer provisions, and add forum selection provisions (effective 2023-08-22).

“On August 22, 2023, the Board approved an amendment and restatement of the Company’s bylaws to, among other things: • modify provisions relating to stockholder nominees for election as a director to address the universal proxy rules adopted by the Securities and Exchange Commission and to update procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of proposals regarding other business at Microchip’s annual meeting of stockholders, including requiring additional information regarding proposing stockholders, proposed nominees and business, and other persons related to a stockholder’s solicitation of proxies; • revise certain procedures related to stockholder meetings to conform to the provisions of the Delaware General Corporation Law, as recently amended, including provisions relating to electronic delivery of notices, voting, proxies, quorum, communications regarding adjourned stockholder meetings, conduct of business”

MICROCHIP TECHNOLOGY INC shareholders rejected Stockholder proposal requesting that our Board commission an independent third-party report, at reasonable expense and excluding proprietary information, on our due diligence process to determine whether our customers' use of our products contribute or are linked to violations of international law at the 2023-08-22 meeting.

“Stockholder proposal requesting that our Board commission an independent third-party report, at reasonable expense and excluding proprietary information, on our due diligence process to determine whether our customers' use of our products contribute or are linked to violations of international law - Not Approved . Votes For Votes Against Abstentions Broker Non Votes 77,087,828 383,722,350 9,105,540 34,306,726”

MICROCHIP TECHNOLOGY INC shareholders approved Proposal to approve, on an advisory (non-binding) basis, the frequency period of the advisory executive compensation vote to be held every one, two, or three years at the 2023-08-22 meeting.

“Proposal to approve, on an advisory (non-binding) basis, the frequency period of the advisory executive compensation vote to be held every one, two, or three years - Approved for 1 (One) Year. After consideration of the stockholder vote on Proposal 6 (below), the Board determined to hold an advisory (non-binding) vote on the compensation of our named executives every year. 1 Year 2 Years 3 Years Abstentions 461,130,354 396,462 3,526,407 4,862,495”

MICROCHIP TECHNOLOGY INC shareholders approved Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives at the 2023-08-22 meeting.

“Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives - Approved . Votes For Votes Against Abstentions Broker Non Votes 428,673,086 34,579,590 6,663,042 34,306,726”

MICROCHIP TECHNOLOGY INC shareholders approved Proposal to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm of Microchip for the fiscal year ending March 31, 2024 at the 2023-08-22 meeting.

“Proposal to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm of Microchip for the fiscal year ending March 31, 2024 - Approved . Votes For Votes Against Abstentions Broker Non Votes 480,873,580 23,127,544 221,320 0”

MICROCHIP TECHNOLOGY INC shareholders approved Proposal to approve an amendment and restatement of our 1994 IESPP to extend the term of the 1994 IESPP by ten years to November 30, 2034 at the 2023-08-22 meeting.

“Proposal to approve an amendment and restatement of our 1994 IESPP to extend the term of the 1994 IESPP by ten years to November 30, 2034 - Approved . Votes For Votes Against Abstentions Broker Non Votes 434,919,791 34,707,535 288,392 34,306,726”

MICROCHIP TECHNOLOGY INC shareholders approved Proposal to approve an amendment and restatement of our 2001 ESPP to extend the term of the 2001 ESPP by ten years to August 31, 2034 at the 2023-08-22 meeting.

“Proposal to approve an amendment and restatement of our 2001 ESPP to extend the term of the 2001 ESPP by ten years to August 31, 2034 - Approved . Votes For Votes Against Abstentions Broker Non-Votes 433,243,953 36,400,004 271,761 34,306,726”

MICROCHIP TECHNOLOGY INC shareholders approved Election of Directors at the 2023-08-22 meeting.

“Nominees Votes For Votes Against Abstentions Broker Non-Votes Matthew W. Chapman 443,737,818 25,846,709 331,577 34,306,340 Karlton D. Johnson 464,582,548 4,882,380 451,176 34,306,340 Wade F. Meyercord 416,951,600 52,673,954 290,550 34,306,340 Ganesh Moorthy 463,340,301 6,312,241 263,562 34,306,340 Robert A. Rango 467,516,669 1,925,267 474,168 34,306,340 Karen M. Rapp 392,249,863 77,397,667 268,574 34,306,340 Steve Sanghi 438,153,522 31,457,616 304,966 34,306,340”

MICROCHIP TECHNOLOGY INC reported the three months ended June 30, 2023 results: revenue $2,288.6, net income $666.4, EPS $1.21 per diluted share.

“Chandler, AZ 85224-6199 Main Office 480•792•7200 Microchip Technology Reports First Quarter Fiscal 2024 Financial Results Page 2 Three Months Ended June 30, 2023 (1) Net sales $2,288.6 GAAP % Non-GAAP (2) % Gross profit $1,558.4 68.1% $1,565.2 68.4% Operating income $903.1 39.5% $1,100.4 48.1% Other expense $(54.8) $(45.7) Income tax provision $181.9 $149.4 Net”

Esther L. Johnson retired as Director at MICROCHIP TECHNOLOGY INC.

“On June 27, 2023, Esther L. Johnson, a member of the Board of Directors (the “Board”) of Microchip Technology Incorporated (the “Company”), retired from the Board effective as of the date of the Company’s annual meeting of stockholders to be held on August 22, 2023.”

MICROCHIP TECHNOLOGY INC: Amended and restated bylaws to add Section 3.17 requiring at least three-fourths of board members (rounded down) to be independent, with a 180-day cure period for non-compliance due to vacancies or circumstances beyond control (effective 2023-06-23).

“On June 23, 2023, the Board of Directors (the “Board”) of Microchip Technology Incorporated (the “Company”) approved an amendment and restatement of the Company’s bylaws to add Section 3.17 which provides that at least three-fourths of the members (rounded down) of the Board shall be independent as defined by the Nasdaq Stock Market, Inc. (e.g., for a seven person board, five directors must be independent) and that if the Company fails to comply with such independence requirements due to one or more vacancies on the Board, or if one or more directors cease to be independent due to circumstances beyond their reasonable control, the Company shall within 180 days regain compliance with such requirement.”

MICROCHIP TECHNOLOGY INC reported financial results for the fourth quarter and fiscal year 2023.

“On May 4, 2023, we announced the results of our operations for the fourth quarter and fiscal year 2023.”

MICROCHIP TECHNOLOGY INC reported third quarter of fiscal year 2023 results: revenue $2.169 billion, net income $580.3 million, EPS $1.04 per diluted share.

“CONTACT: J. Eric Bjornholt -- CFO..... (480) 792-7804 MICROCHIP TECHNOLOGY ANNOUNCES RECORD FINANCIAL RESULTS FOR THIRD QUARTER OF FISCAL YEAR 2023 • Record net sales of $2.169 billion, up 4.6% sequentially and up 23.4% from the year ago quarter. The midpoint of our guidance provided on November 3, 2022 was net sales of $2.156 billion. • On a GAAP basis: record”

Robert Rango was appointed as director at MICROCHIP TECHNOLOGY INC.

“appointed Robert Rango, formerly the President and Chief Executive Officer of Enevate Corporation and Executive Vice President of Broadcom’s Mobile and Wireless Group, as a director of the Company, effective January 3, 2023.”

MICROCHIP TECHNOLOGY INC reported financial results for the three months ended September 30, 2022.

“On November 3, 2022, we announced the results of our operations for the second quarter of fiscal year 2023. The complete release is attached to this report as Exhibit 99.1.”

Mitchell R. Little departed as Senior Vice President Worldwide Client Engagement at MICROCHIP TECHNOLOGY INC.

“On November 29, 2021, Mitchell R. Little, Senior Vice President Worldwide Client Engagement of Microchip Technology Incorporated (the “Company”), notified the Company of his decision to retire from the Company effective May 31, 2022.”