MarketPR
MCHPMCHP COO Richard Simoncic steps down, headed to Menlo Microsystems as chief executiveJul 25LIQTLIQT flags Nasdaq bid-price deficiency with January 2027 compliance deadlineJul 25FUSEFUSE in focus: Fusemachines draws Nasdaq deficiency notice on market value, has until January 20, 2027 to complyJul 25SLNHSoluna Holdings sets CEO Belizaire's base salary at $600,000, retroactive to January, with 100% bonus targetJul 25MDMD names David Haddock general counsel as Mary Ann Moore's Pediatrix exit takes formal shapeJul 25MARKETSSSD declares $0.30 quarterly cash dividend, ex-date and record date set for October 1Jul 25MARKETSBLUBF declares CAD 0.04 monthly cash dividend with August 31 ex-dateJul 25CNXCConcentrix CNXC board adopts amended severance plan with 2x change-of-control payout and new standalone benefitJul 24QSIQSI in focus: Quantum-Si receives Nasdaq minimum bid price notice, faces January 19 compliance deadlineJul 24INSPInspire Medical Systems adds AtriCure CEO Michael Carrel to board in July 20 appointmentJul 24MCHPMCHP COO Richard Simoncic steps down, headed to Menlo Microsystems as chief executiveJul 25LIQTLIQT flags Nasdaq bid-price deficiency with January 2027 compliance deadlineJul 25FUSEFUSE in focus: Fusemachines draws Nasdaq deficiency notice on market value, has until January 20, 2027 to complyJul 25SLNHSoluna Holdings sets CEO Belizaire's base salary at $600,000, retroactive to January, with 100% bonus targetJul 25MDMD names David Haddock general counsel as Mary Ann Moore's Pediatrix exit takes formal shapeJul 25MARKETSSSD declares $0.30 quarterly cash dividend, ex-date and record date set for October 1Jul 25MARKETSBLUBF declares CAD 0.04 monthly cash dividend with August 31 ex-dateJul 25CNXCConcentrix CNXC board adopts amended severance plan with 2x change-of-control payout and new standalone benefitJul 24QSIQSI in focus: Quantum-Si receives Nasdaq minimum bid price notice, faces January 19 compliance deadlineJul 24INSPInspire Medical Systems adds AtriCure CEO Michael Carrel to board in July 20 appointmentJul 24
NewsMacro · MCHP

MCHP COO Richard Simoncic steps down, headed to Menlo Microsystems as chief executive

In focus: Microchip Technology (MCHP, Nasdaq) is losing its chief operating officer. Richard J. Simoncic notified the company on July 23, 2026 that he is resigning to become chief executive officer of Menlo Microsystems, Inc., a private company based in Irvine, California, with his departure effective August 17, 2026. Microchip Technology disclosed the change in a Form 8-K filed with the Securities and Exchange Commission on July 24, 2026.

By Marcus ColeMacro DeskJuly 25, 20262 min readMCHP
Share

Key takeaways

  • Microchip Technology COO Richard J. Simoncic notified the company on July 23, 2026 that he is resigning to become CEO of Menlo Microsystems, Inc.
  • Simoncic's departure from Microchip Technology is effective August 17, 2026.
  • Microchip Technology disclosed the change in a Form 8-K filed with the SEC on July 24, 2026, signed by CFO J. Eric Bjornholt under Item 5.02.
  • The filing names no interim or permanent successor to the COO role and gives no detail on how the company will fill it.
  • Menlo Microsystems is a private company headquartered in Irvine, California.

In focus: Microchip Technology (MCHP, Nasdaq) is losing its chief operating officer. Richard J. Simoncic notified the company on July 23, 2026 that he is resigning to become chief executive officer of Menlo Microsystems, Inc., a private company based in Irvine, California, with his departure effective August 17, 2026. Microchip Technology disclosed the change in a Form 8-K filed with the Securities and Exchange Commission on July 24, 2026.

The move out of the COO seat

Simoncic's effective date lands roughly three weeks after his notification. The 8-K is signed by J. Eric Bjornholt, Senior Corporate Vice President and Chief Financial Officer of Microchip Technology, filed under Item 5.02, covering officer and director changes. No interim or permanent successor to the COO role is named anywhere in the filing.

Menlo Microsystems, where Simoncic is headed, is a private company headquartered in Irvine, California. The 8-K provides no further detail on Menlo Microsystems' product lines, investors, or financial profile.

The setup for MCHP

Microchip Technology is incorporated in Delaware and operates from 2355 West Chandler Boulevard, Chandler, Arizona. Its common stock trades on the Nasdaq Global Select Market under MCHP. The company also carries depositary shares, each representing a 1/20th interest in a share of its 7.50% Series A Mandatory Convertible Preferred Stock, which trade under MCHPP on Nasdaq.

The filing says nothing about whether Microchip Technology plans to promote internally, run an external search, or redistribute operating responsibilities across the existing leadership structure.

What to watch

The next filing to track is a follow-on 8-K or proxy supplement naming a COO replacement. Management may address the transition at the company's next earnings call. The effective departure date is August 17, 2026.

Related reading

About this story

Filed by the macro desk of MarketPR on July 25, 2026. Source: MarketPR. Indicative figures are not investment advice.

←Back to the news index

More from the Newsroom

All stories →
01Macro · LIQT

LIQT flags Nasdaq bid-price deficiency with January 2027 compliance deadline

LIQT is in focus after LiqTech International, Inc. received a deficiency notice from The Nasdaq Stock Market on July 21, 2026, citing failure to meet the $1.00 [minimum bid price required f

Jonah Berg2 min read
02Macro · FUSE

FUSE in focus: Fusemachines draws Nasdaq deficiency notice on market value, has until January 20, 2027 to comply

A Nasdaq deficiency notice reached Fusemachines Inc. (FUSE) on July 24, 2026, flagging the New York-headquartered company's failure to maintain the $15,000,000 minimum Market Value of Publicly Held Shares required for the Nasdaq Global Market under Listing Rule 5450(b)(2)(C). The

Marcus Cole2 min read
03Macro · SLNH

Soluna Holdings sets CEO Belizaire's base salary at $600,000, retroactive to January, with 100% bonus target

In focus for SLNH: Soluna Holdings' Compensation Committee approved a $600,000 annual base salary for Chief Executive Officer John Belizaire, effective retroactively to January 1, 2026, and

Lena Park2 min read

Frequently asked

Why is Richard Simoncic leaving Microchip Technology?

He is resigning as chief operating officer to become chief executive officer of Menlo Microsystems, Inc., a private company based in Irvine, California.

When does Simoncic's departure take effect?

His resignation from Microchip Technology is effective August 17, 2026, roughly three weeks after his July 23, 2026 notification.

Who will replace Simoncic as COO?

The 8-K names no interim or permanent successor and says nothing about whether Microchip will promote internally, run an external search, or redistribute responsibilities.

How and when was the change disclosed?

Microchip Technology disclosed it in a Form 8-K filed with the SEC on July 24, 2026 under Item 5.02, signed by CFO J. Eric Bjornholt.

Where does Microchip Technology's stock trade?

Its common stock trades on the Nasdaq Global Select Market under MCHP, and depositary shares tied to its 7.50% Series A Mandatory Convertible Preferred Stock trade under MCHPP.