Microchip Technology announced that its stockholders have approved an amendment to its 2004 Equity Incentive Plan. The approval, granted at the annual meeting on August 18, 2026, increases the number of shares available for issuance under the plan by 12,000,000.
Key Details
- Share Increase: The amendment increases the number of shares of common stock authorized for issuance under the 2004 Equity Incentive Plan by 12,000,000.
- Approval Date: The proposal was approved by stockholders at the company's annual meeting held on August 18, 2026.
- Process: The company's Board of Directors had previously approved the amendment, contingent upon receiving stockholder approval.