Form 8-K · Current Report · Filed 2024-08-22
Microchip Technology's Stockholder Meeting Results
On August 20, 2024, Microchip Technology's annual meeting of stockholders resulted in the election of board members, approval of the amendment and restatement of the 2004 Equity Incentive Plan, ratification of Ernst & Young LLP as the independent registered public accounting firm, approval of executive compensation on an advisory basis, and rejection of a stockholder proposal concerning an independent report on the company's due diligence process.
- Filer
- Microchip Technology Inc. MCHP · NASDAQ
- Filed
- Accession
- 0000827054-24-000168
- CIK
- 0000827054
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The amendment to the equity plan authorizes an additional 8,000,000 shares for issuance.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Submission of Matters to a Vote of Security Holders
Market reaction
Close before filing
$82.81
Next session
-1.2%
Since filing
-10.3%
Latest close
$74.29
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MCHP reporting the same item, with the next session's move:
Exhibits (1)
About Microchip Technology Inc.
Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors. The company's primary function is to design and manufacture embedded control solutions that include memory, mixed-signal, and linear components. These products are essential in enabling a wide range of applications across various industries, such as automotive, communications, computing, consumer electronics, and industrial sectors. Notably, Microchip's extensive portfolio supports the development of smart devices and IoT applications, fostering innovation in automation and connectivity. Headquartered in Chandler, Arizona, Microchip Technology Inc. plays a crucial role in the global semiconductor industry, facilitating technological advancements with its reliable and high-performance products. Through strategic acquisitions and developments, the company consistently expands its influence, serving a broad base of customers with comprehensive microcontroller and control solutions. With its commitment to quality and innovation, Microchip Technology Inc. is a pivotal player in driving the evolution of embedded control systems.
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