Microchip Technology stockholders approve 12 million share increase to equity plan
At its August 18, 2026 annual meeting, Microchip stockholders approved an amended and restated 2004 Equity Incentive Plan that increases the shares authorized for issuance by 12,000,000. All seven director nominees were elected, and stockholders also ratified Ernst & Young LLP as auditor and approved the named executive compensation on an advisory basis. The plan change adds shares available for equity awards, which matters to shareholders because it can affect share dilution.
Key points
- Equity Incentive Plan amended to add 12,000,000 authorized shares, approved August 18, 2026
- All seven director nominees elected, including Steve Sanghi with 407,175,970 votes for and 37,235,300 against
- Ernst & Young LLP ratified as independent auditor for fiscal year ending March 31, 2027 with 448,748,959 votes for
- Advisory say-on-pay proposal approved with 366,406,303 votes for and 77,323,079 against
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.