false 0001280452 0001280452 2024-12-13 2024-12-13
 
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):
December 13, 2024
 
 
 
MONOLITHIC POWER SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
  
000-51026
  
77-0466789
(State or other jurisdiction of
  
(Commission
  
(I.R.S. Employer
incorporation or organization)
  
File Number)
  
Identification Number)
 
 
 
5808 Lake Washington Blvd. NE, Kirkland, Washington 98033 
(Address of principal executive offices) (Zip Code)
 
(425) 296-9956
(Registrant’s telephone number, including area code)
 
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))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.001 per share
MPWR
The NASDAQ Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ 
 
 
 
 
Item 8.01 Other Events.
 
On December 13, 2024, Monolithic Power Systems, Inc. issued a press release announcing the fourth quarter cash dividend of $1.25 per share to all stockholders of record as of the close of business on December 31, 2024. The dividend will be paid to stockholders on January 15, 2025. A copy of the press release is attached hereto as Exhibit 99.1.
 
 
 
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit
  
Description
     
99.1 
  
104
  
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date: December 13, 2024
By:
/s/ T. Bernie Blegen
   
T. Bernie Blegen
   
Executive Vice President and Chief Financial Officer
 
 
 

 

Exhibit 99.1 

 

a01.jpg

 

 

Monolithic Power Systems Announces Fourth Quarter 2024 Dividend

 

KIRKLAND, Washington, December 13, 2024 -- Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its fourth quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on December 31, 2024. The dividend will be paid on January 15, 2025.

 

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 Reports on Form 10-Qs, 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

Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

 

###

 

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

Executive Vice President and Chief Financial Officer

Monolithic Power Systems, Inc.

408-826-0777

MPSInvestor.Relations@monolithicpower.com 

 

 

 
v3.24.3
Document And Entity Information
Dec. 13, 2024
Document Information [Line Items]  
Entity, Registrant Name MONOLITHIC POWER SYSTEMS, INC.
Document, Type 8-K
Document, Period End Date Dec. 13, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 000-51026
Entity, Tax Identification Number 77-0466789
Entity, Address, Address Line One 5808 Lake Washington Blvd. NE
Entity, Address, City or Town Kirkland
Entity, Address, State or Province WA
Entity, Address, Postal Zip Code 98033
City Area Code 425
Local Phone Number 296-9956
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.001 per share
Trading Symbol MPWR
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001280452
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