AGM 2021

Jun 10, 2021

Hello, and welcome to the Annual Meeting of Stockholders of Monolithic Power Systems. Please note that today's meeting is being recorded. During the meeting, we will have a question and answer session. If you have registered with us, you can submit questions or comments It is now my pleasure to turn today's meeting over to Saria Singh, Vice President and General Counsel. Ms. Singh, the floor is yours. Thank you, operator. Good morning, ladies and gentlemen. My name is Sarah Yetson, and I'm General Counsel of ModisIQ Power Systems, I will act as secretary of the meeting and record a minute. It is a pleasure to welcome you to the MPS Annual Meeting of Stockholders. The meeting is now a call to order. Before proceeding to the formal business, I would like to introduce the following participants: Bernie Blaken, Chief Financial Officer Evan Cass, who is a partner with our independent audit firm, Ernst Young. I have proof by affidavits signed by William Banton, an employee of Computershare, That the annual meeting mailing was completed on April 30, 2021 to all registered stockholders of record at the close of business day on April 19, 2021. Additionally, I have an affidavit signed by Joanne Vogel, An employee of Broadridge Financial Solutions that the annual meeting material mailing to the beneficial Stockholders was completed on May 7, 2021. These affidavits, together with copies of the annual meeting notice, Proxy statements and proxy cards will be filed within the minutes of the meeting. The Board of Directors has designated me as Inspector of Election. I have executed an oath to carry out the duties impartially and to the best of my ability. The Oath of Inspector of Election will be filed with the minutes of this meeting. We have present by proxy a sufficient number of shares to constitute a quorum. So I declare the meeting to be duly convened for purpose of transacting such business as may properly come before it. If you have already cast your vote, we have accounted your votes. Those of you who have not yet Now moving on to the form of business of the meeting. The first item of business is the nomination and election of 2 directors to serve until the Annual Meeting in 2024 and until their successors are duly elected and qualified. The following 2 directors are nominated by the Board of Directors, Eugene Amiger and Jeff Zhou. The second item of business is ratification of the independent auditors. The Board of Directors has appointed Ernst and Young independent auditors to audit the The 3rd item of business is an advisory vote on the 2020 compensation of the company's executive officers. As disclosed in the compensation disclosure and analysis in the proxy statement, this item is commonly referred to as sound pay vote. I now declare the polls close. As Inspector of Election, I would like to report on the preliminary results of both CASK. I hereby report that there were 42,300,000 shares of common stock entitled to Voat represented at this meeting, either in person or by proxy, comprising 92% of the outstanding common stock of the company as of the record day of April 19, 2021. In voting for directors, I hereby report that 34,200,000 shares were in favor of the appointment of Eugene Amiger, Representing 84% of Devoe's cash and 39,100,000 shares were in favor of appointment of Jeff Joel, representing 96% of the both cast. Both directors are therefore reelected. In voting for the ratification of the Ernst and Young as auditors of the company, I hereby report that 42,300,000 In voting for the sale and pay proposal, I hereby report that 35,800,000 shares were in favor of this proposal, Representing 88% of both cast, the executive compensation is therefore approved. The final number of votes will be included in the minutes Great. So the meeting is now adjourned. Thank you.