The company said its Board, on the recommendation of its Nominating, Governance and Sustainability Committee, appointed Victor Peng as a director, effective on February 10, 2025. The appointment was made on February 4, 2025.

1. 01

   The company said its Board, on the recommendation of its Nominating, Governance and Sustainability Committee, appointed Victor Peng as a director, effective on February 10, 2025. The appointment was made on February 4, 2025.

2. 02

   Microchip Technology said Victor Peng is a former president of Advanced Micro Devices, Inc. (AMD) and has not yet been assigned to any Board committee.

3. 03

   Microchip Technology said there is no arrangement or understanding between Victor Peng and any other person under which he was appointed as a director. It also said there are no transactions in which he has an interest that must be disclosed under Regulation S-K Item 404(a).

4. 04

   The company said Victor Peng will participate in its standard compensation plan for non-employee directors. It said the plan is described under “Director Compensation” in its definitive proxy statement on Schedule 14A, filed on July 8, 2024.

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