MICROCHIP TECHNOLOGY INC
For the period ended Mar 31, 2025. Filed May 23, 2025.
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FY2025 · Filed May 23, 2025
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Item 9B. Other Information
Trading Arrangements
None of our officers or directors adopted orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the fourth quarter of fiscal 2024.
Board of Directors Matters
On May 20, 2025, Karlton Johnson informed our Board of Directors (the "Board") of his decision to step down from the Board, effective as of that date, in order to pursue other professional and governance commitments. Mr. Johnson's decision was not the result of any disagreement with the Company, its management, or the Board. Mr. Johnson expressed his appreciation for the opportunity to serve, and the Board thanks Mr. Johnson for his service and contributions during his tenure on the Board.
Upon the effectiveness of Mr. Johnson's decision, the Board approved a resolution to reduce the authorized number of directors from seven to six.
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