Effective January 1, 2011, issuers of corporate stock must begin reporting corporate actions that affect stock basis, including but not limited to mergers, stock splits, stock dividends, recapitalizations and distributions in excess of cumulative earnings and profits. The following information is intended to meet the requirements of public disclosure pursuant to Treasury Regulations §1.6045B-1(a)(3) and (b)(4) for Microchip Technology Incorporated (“Microchip”).
Reporting Issuer: Microchip Technology Incorporated
EIN: 86-0629024
Security Identifiers: CUSIP: 595017104
Symbol: MCHP
Exchange: NASDAQ
Security: Common Shares
Contact at issuer: Non-registered (“street name”) shareholders should contact their brokerage firm directly for inquiries pertaining to their account. Registered shareholders should contact the Transfer Agent for Microchip or Inventor Relations for inquiries pertaining to their account.
Transfer Agent:
Microchip Technology Incorporated
Wells Fargo Bank Minnesota, N.A. Shareowner Services
161 North Concord Exchange
P.O. Box 738
South St. Paul, MN 55075-0738
800-468-9716
Investor Relations:
Microchip Technology Incorporated
2355 W. Chandler Boulevard
Chandler, AZ 85224-6199
(480) 792-7200
FAX: (480)792-4133
Email: ir@microchip.com
Action: Microchip pays cash dividends to its shareholders, generally on a quarterly basis. Distribution dates were as follows:
Effect of the action: The cash payments made by Microchip to its shareholders in calendar 2013 and 2014 should be treated as return of capital. Under Internal Revenue Code section 301(c), to the extent shareholders have basis in their shares, the return of capital should be treated as a reduction in basis. To the extent the return of capital exceeds a shareholder’s basis in their shares, the amount of such excess should generally be treated as a gain from the sale or exchange of property.