Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 16, 2022, the Board of Directors (the "Board) of Microchip
Technology Incorporated (the "Company"), upon recommendation from its
Nominating, Governance and Sustainability Committee, appointed Robert Rango,
formerly the President and Chief Executive Officer of Enevate Corporation and
Executive Vice President of Broadcom's Mobile and Wireless Group, as a director
of the Company, effective January 3, 2023. Mr. Rango has not yet been appointed
to any committee of the Board.
There is no arrangement or understanding between Mr. Rango and any other person
pursuant to which Mr. Rango was appointed as a director. There are no
transactions in which Mr. Rango has an interest requiring disclosure under Item
404(a) of Regulation S-K.
Mr. Rango will participate in the Company's standard compensation plan for
non-employee directors. The standard compensation plan for non-employee
directors is described in the section entitled "Director Compensation" of the
Company's definitive proxy statement on Schedule 14A, filed with the Securities
and Exchange Commission on July 14, 2022.
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