MONOLITHIC POWER SYSTEMS, INC. (MPWR): CFO Tony Balow appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Financial Officer
On October 27, 2026, the Board of Directors of the Company (“the Board”) appointed Tony Balow, age 56, as Vice President, Chief Financial Officer, effective immediately.
Mr. Balow served as the Company’s Vice President of Finance from September 2023 to October 2026. Prior to joining the Company, Mr. Balow spent 23 years at Intel, a global semiconductor company, and held a number of senior positions. Mr. Balow holds a Bachelor of Science and a Master of Science in Aerospace, Aeronautical and Astronautical Engineering from the University of Illinois Urbana-Champaign, and a Master of Business Administration from the University of Arizona.
There are no arrangements or understandings between Mr. Balow and any other person pursuant to which he was appointed as the Company’s Chief Financial Officer. Mr. Balow has no family relationship with any of the Company’s directors or executive officers as defined in Item 401(d) of Regulation S-K. Mr. Balow does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In accordance with the Company’s customary practice, the Company entered into its standard form of indemnification agreement with Mr. Balow.
Appointment of Chief Accounting Officer
On October 27, 2026, the Board appointed Robert Dean, age 61, as Vice President, Chief Accounting Officer, effective immediately.
Mr. Dean served as the Company’s Interim Chief Financial Officer from February 2026 to October 2026, and Corporate Controller from June 2016 to February 2026. Prior to joining the Company, Mr. Dean held various senior finance and accounting roles for other publicly traded companies, including Netflix, Varian and Applied Materials. Mr. Dean holds a Bachelor of Science in Accounting from San Jose State University and a Master of Business Administration from Santa Clara University.
There are no arrangements or understandings between Mr. Dean and any other person pursuant to which he was appointed as the Company’s Chief Accounting Officer. Mr. Dean has no family relationship with any of the Company’s directors or executive officers as defined in Item 401(d) of Regulation S-K. Mr. Dean does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In accordance with the Company’s customary practice, the Company entered into its standard form of indemnification agreement with Mr. Dean.
A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.