MPWR cuts special-meeting ownership threshold to 25% from 30%

Monolithic Power Systems, Inc. updated its corporate bylaws to make it easier for investors to call a special shareholder meeting.

Rhea-AI Filing Summary

Monolithic Power Systems, Inc. updated its corporate bylaws to make it easier for investors to call a special shareholder meeting. On November 19, 2025, the Board approved Amended and Restated Bylaws that lower the ownership threshold required to request a special meeting from at least 30% to at least 25% of the company’s outstanding voting capital stock.

The Board explains that it considered the 2025 annual meeting, where stockholders approved a non-binding proposal to set the threshold at 10%, along with feedback from a majority in interest of its top ten stockholders, who preferred a significantly higher threshold than 10%, and a review of peer practices. The full amended bylaws are filed as an exhibit and are effective immediately.

Insights

Corporate governance analyst

MPWR modestly increases shareholder rights by lowering its special-meeting threshold.

Monolithic Power Systems has amended its bylaws so that stockholders holding at least 25% of outstanding voting capital stock can now call a special meeting, down from 30%. This adjustment gives significant shareholders a somewhat easier path to demand a formal meeting outside the regular annual cycle.

In reaching 25%, the Board weighed a successful non-binding proposal for a 10% threshold against feedback from a majority in interest of its top ten stockholders, who favored a higher level, and benchmarked against peers. The result sits between strong proponent demands and large-holder preferences, indicating a compromise approach. Future proxy materials and meeting outcomes will show how actively investors use this revised special-meeting right.

8-K Event Classification

Item 5.03 — Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

1 item

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance

The company amended its charter documents, bylaws, or changed its fiscal year.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What governance change did Monolithic Power Systems (MPWR) announce in this 8-K?

The Board approved Amended and Restated Bylaws that lower the ownership threshold for stockholders to call a special meeting from 30% to 25% of outstanding voting capital stock.

What is the new ownership threshold to call a special meeting at MPWR?

Stockholders must now hold at least 25% of the outstanding shares of capital stock entitled to vote generally for the election of directors to call a special meeting.

How does the new 25% threshold compare to the stockholder proposal at MPWR’s 2025 annual meeting?

At the 2025 annual meeting, stockholders approved a non-binding proposal to set the threshold at 10%, but the Board chose a higher 25% level after considering investor feedback and peer practices.

What input did major investors have on MPWR’s special meeting threshold change?

The Board considered feedback from a majority in interest of MPWR’s top ten stockholders, who supported an ownership threshold significantly higher than 10% for calling special meetings.

When did MPWR’s Amended and Restated Bylaws become effective?

The Amended and Restated Bylaws became effective on November 19, 2025, the date the Board adopted and approved them.

Where can investors see the full text of MPWR’s amended bylaws?

The complete Amended and Restated Bylaws are filed as Exhibit 3.1 to this report and are incorporated by reference.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/21/2025 - 04:00 PM Learn about SEC filing dates

false 0001280452 0001280452 2025-11-19 2025-11-19 0001280452 dei:OtherAddressMember 2025-11-19 2025-11-19

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):

November 19, 2025

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)

1555 Palm Beach Lakes Blvd., West Palm Beach, Florida 33401 (Address of principal executive offices)(Zip Code)¹ 5808 Lake Washington Blvd. NE, Kirkland, Washington 98033 (Address of principal executive offices) (Zip Code)¹

(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.  ☐ 

¹ We have operations in multiple locations in the US, Europe and Asia. Accordingly, we do not maintain a headquarters. We are including these addresses solely for the purpose of satisfying the Securities and Exchange Commission’s requirements.

--12-31

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On November 19, 2025, the Board of Directors (the “Board”) of Monolithic Power Systems, Inc. (the “Company”) adopted and approved the Company’s Amended and Restated Bylaws (the “Amended Bylaws”), effective immediately. The Amended Bylaws reduce the ownership threshold (the “Ownership Threshold”) necessary for stockholders to call a special meeting of stockholders from at least 30% to at least 25% of the outstanding shares of capital stock of the Company entitled to vote generally for the election of directors. In making this decision, the Board considered (i) the results of the Company’s 2025 annual meeting of stockholders, in which a non-binding stockholder proposal to set the Ownership Threshold at 10% was approved by the Company’s stockholders, (ii) feedback received from a majority in interest of the Company’s top ten stockholders, which indicated their support for an Ownership Threshold significantly higher than the 10% threshold approved on a non-binding basis at the 2025 annual meeting of stockholders, and (iii) a review of the current landscape of the Company’s peers and other public companies, among other considerations.

The foregoing description of the Amended Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Bylaws, a copy of which is filed with this Current Report on Form 8-K as Exhibit 3.1, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit		Description
3.1		Amended and Restated Bylaws of Monolithic Power Systems, Inc., effective November 19, 2025.
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: November 21, 2025	By:	/s/ Saria Tseng
		Saria Tseng
		Executive Vice President, General Counsel