M
ME NEWS
12 Mar 2025, 04:09
MACOM Technology Solutions Holdings, Inc. – Form 8-K Summary
Date of Report (Earliest Event Reported): March 6, 2025
Commission File Number: 001-35451
State of Incorporation: Delaware
I.R.S. Employer Identification No.: 27-0306875
Principal Executive Office:
100 Chelmsford Street, Lowell, Massachusetts, 01851
Registrant’s Telephone Number: (978) 656-2500
Trading Symbol: MTSI
Exchange: Nasdaq Global Select Market
Key Developments from the 2025 Annual Meeting of Stockholders
1. Election of Directors (Proposal 1) – Approved
The following nominees were elected as directors to serve until the 2026 Annual Meeting:
Nominee Votes For Votes Withheld Broker Non-Votes
Peter Chung 66,633,835 2,076,124 1,974,428
Geoffrey Ribar 67,075,765 1,634,194 1,974,428
John Ritchie 66,190,543 2,519,416 1,974,428
Jihye Whang Rosenband 64,986,058 3,723,901 1,974,428
Murugesan “Raj” Shanmugaraj 67,189,110 1,520,849 1,974,428
???? All nominees were elected with strong support from stockholders.
2. Advisory Vote on Executive Compensation ("Say-on-Pay") – Approved
The compensation of MACOM’s named executive officers for fiscal year 2024 was approved on a non-binding, advisory basis.
Votes For Votes Against Votes Abstaining Broker Non-Votes
66,770,077 1,887,276 52,606 1,974,428
???? Stockholders overwhelmingly approved the executive compensation plan.
3. Frequency of Future Say-on-Pay Votes – "1 Year" Selected
Stockholders were asked to vote on the frequency of future "Say-on-Pay" votes.
1 Year 2 Years 3 Years Abstain Broker Non-Votes
67,750,181 3,331 919,848 36,599 1,974,428
???? The majority of stockholders preferred annual Say-on-Pay votes.
4. Ratification of Deloitte & Touche LLP as Independent Auditor – Approved
Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 3, 2025.
Votes For Votes Against Votes Abstaining
70,176,856 481,850 25,681
???? Strong approval for Deloitte & Touche LLP as the company's auditor.
Key Takeaways & Implications
✅ Stable Governance – All board nominees were elected, ensuring continuity.
✅ Strong Support for Executive Compensation – Say-on-Pay proposal was approved.
✅ Annual Say-on-Pay Votes Confirmed – Stockholders prefer yearly reviews of executive pay.
✅ Auditor Ratified Without Issue – Deloitte & Touche LLP continues its role as MACOM's auditor.
Date of Report (Earliest Event Reported): March 6, 2025
Commission File Number: 001-35451
State of Incorporation: Delaware
I.R.S. Employer Identification No.: 27-0306875
Principal Executive Office:
100 Chelmsford Street, Lowell, Massachusetts, 01851
Registrant’s Telephone Number: (978) 656-2500
Trading Symbol: MTSI
Exchange: Nasdaq Global Select Market
Key Developments from the 2025 Annual Meeting of Stockholders
1. Election of Directors (Proposal 1) – Approved
The following nominees were elected as directors to serve until the 2026 Annual Meeting:
Nominee Votes For Votes Withheld Broker Non-Votes
Peter Chung 66,633,835 2,076,124 1,974,428
Geoffrey Ribar 67,075,765 1,634,194 1,974,428
John Ritchie 66,190,543 2,519,416 1,974,428
Jihye Whang Rosenband 64,986,058 3,723,901 1,974,428
Murugesan “Raj” Shanmugaraj 67,189,110 1,520,849 1,974,428
???? All nominees were elected with strong support from stockholders.
2. Advisory Vote on Executive Compensation ("Say-on-Pay") – Approved
The compensation of MACOM’s named executive officers for fiscal year 2024 was approved on a non-binding, advisory basis.
Votes For Votes Against Votes Abstaining Broker Non-Votes
66,770,077 1,887,276 52,606 1,974,428
???? Stockholders overwhelmingly approved the executive compensation plan.
3. Frequency of Future Say-on-Pay Votes – "1 Year" Selected
Stockholders were asked to vote on the frequency of future "Say-on-Pay" votes.
1 Year 2 Years 3 Years Abstain Broker Non-Votes
67,750,181 3,331 919,848 36,599 1,974,428
???? The majority of stockholders preferred annual Say-on-Pay votes.
4. Ratification of Deloitte & Touche LLP as Independent Auditor – Approved
Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending October 3, 2025.
Votes For Votes Against Votes Abstaining
70,176,856 481,850 25,681
???? Strong approval for Deloitte & Touche LLP as the company's auditor.
Key Takeaways & Implications
✅ Stable Governance – All board nominees were elected, ensuring continuity.
✅ Strong Support for Executive Compensation – Say-on-Pay proposal was approved.
✅ Annual Say-on-Pay Votes Confirmed – Stockholders prefer yearly reviews of executive pay.
✅ Auditor Ratified Without Issue – Deloitte & Touche LLP continues its role as MACOM's auditor.
