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Form 8-K · Current Report · Filed 2026-07-24

Microchip Technology COO Resigning to Become CEO of Menlo Microsystems

On July 23, 2026, Richard J. Simoncic, Chief Operating Officer of Microchip Technology Incorporated, announced his resignation effective August 17, 2026. Simoncic will become the Chief Executive Officer of Menlo Microsystems, Inc., a private company based in Irvine, California.

Filer
Microchip Technology Inc. MCHP · NASDAQ
Filed
Accession
0000827054-26-000031
CIK
0000827054
Signal
Medium impactTechnology

Items reported

Item events

Reported Item

COO Resignation

Market reaction

Close before filing

$81.35

Next session

-4.2%

Since filing

-8.7%

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:

Insider tape

Within 45 days of this filing, MCHP insiders reported 10 Form 4 transactions — flat net activity.

Full MCHP insider history →

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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