SAN JOSE, Calif., June 11, 2015 /PRNewswire/ -- Monolithic Power
Systems (MPS) (Nasdaq: MPWR), a leading company in high performance
power solutions, today announced that at the 2015 Annual Meeting of
Stockholders held on June 11, 2015,
the stockholders of MPS approved, on an advisory basis, the 2014
compensation of MPS' executive officers, re-elected two current
directors of MPS, and ratified the appointment of MPS' independent
auditors for 2015.
The vote in favor of the resolution to approve the 2014
compensation of MPS' executive officers was 99% of the votes cast
on the resolution, each of the two directors was re-elected with
more than 98% of the votes, and the appointment of MPS' independent
auditors was approved with 97% of the votes.
"On behalf of the Board and management, I sincerely thank our
stockholders for their overwhelming support for our proposals,
including the executive compensation plan," said Michael Hsing, CEO and President of
MPS.
Second Quarter Dividend
MPS also announced today its second quarter dividend of
$0.20 per common share to all
stockholders of record as of the close of business on June 30, 2015. The dividend will be paid on
July 15, 2015.
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 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 (MPS) is a leading company in high
performance power solutions. Founded in 1997, MPS pioneered
integrated power semiconductor solutions and power delivery
architectures. MPS' mission is to provide innovative power
solutions in Cloud Computing, Telecom, Industrial and Automotive,
and Consumer market segments. MPS has over 1,000 employees
worldwide, located in the United
States, China, Taiwan, Korea, Japan and
across Europe.
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.
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SOURCE Monolithic Power Systems, Inc.