Press release
Monolithic Power Systems Announces Results of the Annual Meeting of Stockholders and Second Quarter Dividend
KIRKLAND, Wash., June 11, 2020 (GLOBE NEWSWIRE) -- Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading company in high performance analog solutions,
About this update from Monolithic Power Systems, Inc.
[{"type":"text","content":" KIRKLAND, Wash., June 11, 2020 (GLOBE NEWSWIRE) -- Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading company in high performance analog solutions, today announced the final results of the 2020 Annual Meeting of Stockholders held on June 11, 2020 (the “Annual Meeting”). Stockholders re-elected the two director nominees with 73% and 59% of the votes cast for their election, ratified the appointment of MPS’s independent registered public accounting firm for 2020 with 100% of the votes cast for ratification, approved the 2019 compensation of executive officers with 98% of the votes cast for approval, and approved the amendment and restatement of the Amended Monolithic Power Systems, Inc. 2014 Equity Incentive Plan with 70% of the votes cast for approval.\n “On behalf of the Board and management, I sincerely thank our stockholders for their support for our proposals,” said Michael Hsing, CEO and founder of MPS. Second Quarter Dividend MPS also announced today its second quarter dividend of $0.50 per common share to all stockholders of record as of the close of business on June 30, 2020. The dividend will be paid on July 15, 2020. Safe Harbor Statement This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will,” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. Accordingl...