Microchip Technology INC 8-K filings

Microchip Technology's Chief Operating Officer, Richard J. Simoncic, is resigning to become CEO of Menlo Microsystems, Inc., effective August 17, 2026.

Microchip Technology Incorporated announced the appointment of Mitch Little to its Board of Directors, effective June 1, 2026.

Microchip Technology announced financial results for its fourth quarter and fiscal year 2026, significantly exceeding expectations with a 35.1% year-over-year increase in net sales for the quarter.

Microchip Technology Inc. announced the upsized pricing of $800 million in 0% Convertible Senior Notes due 2030, with an additional $100 million option exercised, totaling $900 million, to repay commercial paper and fund capped call transactions.

Microchip Technology reported strong fiscal third-quarter results, surpassing previous guidance with increased net sales and improved profitability, and provided an optimistic outlook for the fourth quarter.

Microchip Technology announced expected net sales for Q3 fiscal 2026 of $1,185 million, significantly surpassing its original guidance, signaling broad-based market recovery.

Microchip Technology reported second quarter fiscal year 2026 net sales of $1.140 billion, surpassing guidance, and launched an industry-first 3nm PCIe Gen 6 switch for AI applications.

Microchip Technology stockholders re-elected all directors and ratified the auditor, but rejected the advisory vote on executive compensation at the annual meeting.

Microchip Technology reported first quarter fiscal year 2026 results, with net sales of $1.0755 billion and Non-GAAP EPS of $0.27, both surpassing updated guidance.

Microchip Technology announces Q4 and fiscal year 2025 results, exceeding revenue guidance and anticipating the bottom of the industry down cycle.

Microchip Technology Incorporated appoints Rick Cassidy, a Senior Vice President at TSMC, to its Board of Directors, effective May 2, 2025.

Microchip Technology Incorporated entered into a Second Amended and Restated Credit Agreement on March 25, 2025, establishing an unsecured revolving loan facility of $2.25 billion.

Microchip Technology Incorporated has entered into an agreement to issue and sell depositary shares representing interests in preferred stock, along with related capped call transactions.

Microchip Technology is undertaking restructuring actions, including closing a manufacturing facility and reducing headcount, to cut costs and optimize operations.

Robert A. Rango retired from Microchip Technology's Board of Directors effective February 19, 2025.

Microchip Technology's Q3 fiscal 2025 results reveal a significant decline in sales and earnings, prompting the company to initiate restructuring efforts to realign its business.

Microchip Technology Incorporated announces the appointment of Victor Peng, former president of AMD, to its Board of Directors, effective February 10, 2025.

Microchip Technology Incorporated has successfully issued $2 billion in senior notes to refinance debt and cover offering expenses.

Microchip Technology announced the closure of its Tempe, Arizona wafer fabrication facility (Fab 2) due to high inventory levels and sufficient capacity at other facilities, expecting annual cash savings of approximately $90 million starting in June 2026.

Microchip Technology's CEO, Ganesh Moorthy, has retired, and former CEO Steve Sanghi has been appointed as interim CEO and President, effective November 18, 2024.

Microchip Technology has amended its credit agreement, temporarily increasing the maximum total leverage ratio for the period between December 31, 2024, and December 31, 2025.

Microchip Technology's second quarter fiscal year 2025 results show a significant year-over-year revenue decline, although slightly exceeding guidance, as the company navigates an ongoing inventory correction and macro-economic headwinds.

Microchip Technology has substantially restored its operations following a cybersecurity incident, though an investigation is ongoing.

Microchip Technology's stockholders approved an amendment to their 2004 Equity Incentive Plan, increasing the authorized shares by 8,000,000.

Microchip Technology experienced a cybersecurity incident that has disrupted some of its IT systems, impacting manufacturing and order fulfillment.

Microchip Technology reported a 45.8% year-over-year decrease in net sales for the first quarter of fiscal year 2025, while navigating a challenging macro environment.

Microchip Technology has successfully priced and issued $1.25 billion in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $150 million.

Microchip Technology reported a significant year-over-year revenue decline for both the fourth quarter and full fiscal year 2024, primarily due to a major inventory correction.

Microchip Technology has appointed Richard J. Simoncic as Chief Operating Officer, effective April 1, 2024, while Stephen V. Drehobl, Senior Vice President, will retire on June 7, 2024.

Microchip Technology has successfully issued $1 billion in senior notes due 2029 to repay commercial paper debt and cover offering expenses.