Microchip said its Board of Directors, on the recommendation of the Nominating, Governance and Sustainability Committee, appointed Rick Cassidy as a director on May 1, 2025, effective May 2, 2025.

1. 01

   Microchip said its Board of Directors, on the recommendation of the Nominating, Governance and Sustainability Committee, appointed Rick Cassidy as a director on May 1, 2025, effective May 2, 2025.

2. 02

   The company said Cassidy is Senior Vice President of Corporate Strategy Development at TSMC and Chairman of TSMC Arizona, and has not yet been assigned to any board committee.

3. 03

   The company said that, in connection with Cassidy's appointment and on the committee's recommendation, the board approved a resolution to increase its size from 6 to 7 directors.

4. 04

   The company said there is no arrangement or understanding between Cassidy and any other person under which he was appointed, and no transactions requiring disclosure under Item 404(a). It said Cassidy will participate in the standard compensation plan for non-employee directors.

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