Operator

Good morning, and welcome to the 2026 Annual Meeting of Stockholders of Monolithic Power Systems. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Ms. Saria Tseng, Executive Vice President, General Counsel. Ms. Tseng, you may begin.

Saria Tseng
EVP of Strategic Corporate Development, General Counsel & Corporate Secretary

Thank you. Good morning, ladies and gentlemen. My name is Saria Tseng, and I'm the General Counsel of Monolithic Power Systems. I will act as the Secretary of the meeting and record the minutes. It is a pleasure to welcome you to the MPS Annual Meeting of Stockholders. The meeting is now called to order.

I have an affidavit signed by Computershare that the annual meeting notice mailing was completed on May 1, 2026, to all registered stockholders of record at the close of business on April 15, 2026. Additionally, I have an affidavit signed by Broadridge Financial Solutions that the annual meeting notice mailing to the beneficial stockholders was completed on April 30, 2026. These affidavits, together with copies of the annual meeting notice, proxy statement and proxy card will be filed with the minutes of the meeting.

The Board of Directors have 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 inspection -- 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