Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - MONOLITHIC POWER SYSTEMS INC | ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
June 13, 2012
MONOLITHIC POWER SYSTEMS, INC.
(Exact name of Registrant as specified in its charter)
|
Delaware
|
000-51026
|
77-0466789
|
||
|
(State or other jurisdiction of
incorporation or organization)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification Number)
|
||
|
79 Great Oaks Boulevard,
San Jose, CA 95119
|
||||
|
(Address of principal executive offices) (Zip Code)
|
||||
|
(408) 826-0600
|
||||
|
(Registrant’s telephone number, including area code)
|
||||
|
Former Name: Not Applicable
Former Address: 6409 Guadalupe Mines Road, San Jose, CA 95120
(Former Name or Former Address, if Changed Since Last Report)
|
||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 14, 2012, Monolithic Power Systems, Inc. (the “Company”) held its Annual Meeting of Shareholders. At the Annual Meeting, the Company’s stockholders (i) elected three directors to the Company’s board of directors, (ii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2012 and (iii) approved the compensation of the Company’s named executive officers, each as more fully described below.
|
Item No. 1:
|
Proposal to elect three Class II directors to the Company’s Board of Directors to serve until the Annual Meeting of Stockholders in 2015.
|
|
Nominee
|
For
|
Withheld
|
Broker Non-Votes
|
|
James C. Moyer
|
27,628,155
|
1,865,563
|
2,646,366
|
|
Karen A. Smith Bogart
|
27,531,841
|
1,961,877
|
2,646,366
|
|
Dr. Jeff Zhou
|
27,527,410
|
1,966,308
|
2,646,366
|
|
Item No. 2:
|
Proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012.
|
|
For
|
Against
|
Abstain
|
Not Voted
|
|
31,409,548
|
730,536
|
0
|
2,309,166
|
|
Item No. 3:
|
Proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers.
|
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
27,599,795
|
1,849,661
|
44,262
|
2,646,366
|
Item 8.01 Other Events
On June 13, 2012, the United States District Court for the Northern District of California granted the Company’s motion to dismiss a shareholder derivative lawsuit against the Company, its directors and its former compensation consultant. The plaintiff, a shareholder of the Company, had alleged that the directors breached their fiduciary duty of loyalty by approving increases in compensation for the Company’s officers during 2010. The court ruled that because the plaintiff had filed suit without first making a demand on the board of directors of the Company to take action, the plaintiff was required to set forth specific facts to show that the board could not have objectively considered a demand, and that the plaintiff had failed to do so. The court gave the plaintiff leave to amend the complaint on or before July 2, 2012. The press release announcing the dismissal and the results of the Company’s “Say on Pay” vote at the Annual Meeting referenced above under Item 5.07, is attached hereto as Exhibit 99.1.
Item 9.01 Exhibits
(d) Exhibits
|
Exhibit No
|
Description
|
|
99.1
|
Press release dated June 18, 2012 announcing the decision of the United States District Court for the Northern District of California granting the Company’s motion to dismiss a shareholder derivative lawsuit, and the results of the Company’s “Say on Pay” vote at the Annual Meeting.
|
Exhibit Index
|
Exhibit No
|
Description
|
|
99.1
|
Press release dated June 18, 2012 announcing the decision of the United States District Court for the Northern District of California granting the Company’s motion to dismiss a shareholder derivative lawsuit, and the results of the Company’s “Say on Pay” vote at the Annual Meeting.
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Date: June 18, 2012
|
By:
|
/s/ Meera Rao
|
||
|
Meera Rao
|
||||
|
Chief Financial Officer
(Principal Financial and Accounting Officer and
Duly Authorized Officer)
|