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Get filing alertsMicrochip COO Richard Simoncic resigns to become CEO of Menlo Microsystems
Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Chief Operating Officer Richard J. Simoncic resigned effective August 17, 2026 to become CEO of Menlo Microsystems, a private company in Irvine, California. No successor or transition plan disclosed.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Microchip Technology disclosed the departure of its Chief Operating Officer, Richard J. Simoncic, effective August 17, 2026. Simoncic is leaving to become CEO of Menlo Microsystems, a private company based in Irvine, California. The filing provides no information about a successor, interim arrangements, or how the company will manage the COO role going forward.
For investors, the sudden departure of a C-suite executive responsible for operations creates uncertainty about leadership continuity and execution during the transition. The absence of a named successor or transition plan leaves open questions about how Microchip will fill the gap and whether the departure signals broader management or strategic issues. Watch for follow-on disclosures about COO succession and any commentary from management on operational continuity.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify