Monolithic Power Systems Announces Results of Annual Meeting of Stockholders and Second Quarter Dividend
June 13 2019 - 5:13PM
Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading
company in high performance analog solutions, today announced the
final results of the 2019 Annual Meeting of Stockholders held on
June 13, 2019 (the “Annual Meeting”). Stockholders re-elected the
two director nominees with 97% and 74% of the votes cast for their
election, ratified the appointment of MPS’ independent registered
public accounting firm for 2019 with 99% of the votes cast for
ratification, and approved the 2018 compensation of executive
officers with 99% of the votes cast for approval.
“On behalf of the Board and management, I sincerely thank our
stockholders for their overwhelming support for our proposals,
including our executive compensation program,” said Michael Hsing,
CEO and founder of MPS.
Second Quarter Dividend
MPS also announced today its second quarter dividend of $0.40
per common share to all stockholders of record as of the close of
business on June 28, 2019. The dividend will be paid on July 15,
2019.
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. Accordingly,
you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date they
are made. Except to the extent required by law, MPS does not
undertake, and expressly disclaims, any duty or obligation to
update publicly any forward-looking statement after the initial
distribution of this release, whether as a result of new
information, future events, changes in assumptions or
otherwise.
About Monolithic Power Systems, Inc.
Monolithic Power Systems, Inc. (MPS) provides small, highly
energy efficient, easy-to-use power solutions for systems found in
industrial applications, telecom infrastructures, cloud computing,
automotive, and consumer applications. MPS' mission is
to reduce total energy consumption in its customers' systems
with green, practical, compact solutions. The company was founded
by Michael Hsing in 1997 and is based in the United
States. MPS can be contacted through its website at
www.monolithicpower.com or its support offices around the
world.
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Monolithic Power Systems, MPS, and the MPS logo
are registered trademarks of Monolithic Power Systems, Inc. in the
U.S. and trademarked in certain other countries.
Contact:
Bernie Blegen
Chief Financial Officer
Monolithic Power Systems, Inc.
408-826-0777
investors@monolithicpower.com
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