Form 8-K · Current Report · Filed 2025-05-02
Microchip Technology Appoints Rick Cassidy to Board
On May 1, 2025, Microchip Technology Incorporated announced the appointment of Rick Cassidy, Senior Vice President of Corporate Strategy Development at TSMC and Chairman of TSMC Arizona, to its Board of Directors, effective May 2, 2025.
- Filer
- Microchip Technology Inc. MCHP · NASDAQ
- Filed
- Accession
- 0000827054-25-000057
- CIK
- 0000827054
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The Board also approved an increase in size from 6 to 7 directors.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$45.98
Next session
+3.9%
Since filing
+61.6%
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:
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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