UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07 | Submission of Matters to a Vote of Security Holders. |
At the Company’s Annual Meeting of Stockholders held on June 16, 2023, stockholders voted on the matters set forth below. Each issued common share was entitled to one vote on each of the proposals voted on at the meeting.
1. The nominees for election to the Board were elected, each for a one-year term until the 2023 Annual Meeting of Shareholders, based upon the following votes:
FOR | AGAINST | ABSTAIN | BROKER NON-VOTE |
TOTAL | ||||||
Sara Andrews |
659,457,331 | 685,461 | 767,493 | 93,373,559 | 754,283,844 | |||||
Tudor Brown |
645,447,093 | 14,690,314 | 772,878 | 93,373,559 | 754,283,844 | |||||
Brad Buss |
634,899,506 | 25,239,758 | 771,021 | 93,373,559 | 754,283,844 | |||||
Rebecca House |
649,072,140 | 11,041,125 | 797,020 | 93,373,559 | 754,283,844 | |||||
Marachel Knight |
658,019,372 | 2,121,328 | 769,585 | 93,373,559 | 754,283,844 | |||||
Matthew J. Murphy |
638,992,671 | 20,146,607 | 1,771,007 | 93,373,559 | 754,283,844 | |||||
Michael Strachan |
657,520,281 | 2,610,106 | 779,898 | 93,373,559 | 754,283,844 | |||||
Robert E. Switz |
625,642,037 | 34,407,696 | 860,552 | 93,373,559 | 754,283,844 | |||||
Ford Tamer |
658,375,629 | 1,763,049 | 771,607 | 93,373,559 | 754,283,844 |
2. The proposal to approve, on an advisory non-binding basis, the compensation of the Company’s named executive officers, was approved based upon the following votes:
FOR | AGAINST | ABSTAIN | BROKER NON- VOTE |
TOTAL | ||||
591,857,645 | 68,081,570 | 971,070 | 93,373,559 | 754,283,844 |
3. The proposal related to the frequency of the say on pay vote.
1 YEAR | 2 YEARS | 3 YEARS | ABSTAIN | BROKER NON- VOTE |
TOTAL | |||||
654,777,829 | 333,818 | 4,818,517 | 980,121 | 93,373,559 | 754,283,844 |
4. The proposal to approve the ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for its fiscal year ending February , 2023, was approved based upon the following votes:
FOR | AGAINST | ABSTAIN | TOTAL | |||
752,173,853 | 1,313,859 | 796,132 | 754,283,844 |
Item 8.01 Other Events.
On June 16, 2023, the Company announced that its Board of Directors had declared the payment of its quarterly dividend of $0.06 per share to be paid on July 26, 2023 to all stockholders of record as of July 7, 2023. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The payment of future quarterly cash dividends is subject to, among other things, the best interests of the Company and its stockholders, its results of operations, cash balances and future cash requirements, financial condition, statutory requirements of Delaware law, and other factors that the Board of Directors may deem relevant.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 | Press Release dated June 16, 2023, titled “Marvell Technology, Inc. Declares Quarterly Dividend Payment” | |
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MARVELL TECHNOLOGY, INC. | ||||||
Date: June 16, 2023 | By: | /s/ Mark Casper | ||||
Mark Casper | ||||||
EVP, Chief Legal Officer and Secretary |