MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July13, 2017, the Board of Directors (the “Board”) of Marvell Technology Group Ltd. (the “Company”) appointed Ms.Geraldine (Gerri) Elliott to fill a vacancy on the Board. The Board had previously increased the number of directors constituting the Board from eight to nine. Ms.Elliott was appointed for a term that extends until the 2018 annual meeting of the shareholders.
Ms.Elliott currently serves on the boards of Whirlpool Corporation and Imperva, Inc. From July 2009 to December 2014, she served in several roles with Juniper Networks, including EVP and Chief Customer Officer, where she led the sales, distribution, operations, advanced technologies, field operations, services and support in over 40 countries. Prior to Juniper, she served as Microsoft’s CVP, WW Public Sector, and also held senior leadership positions with IBM.
Ms.Elliott’s election to the Board was not to any arrangement or understanding between Ms.Elliott and any third party. The Board has determined that Ms.Elliott will qualify as “independent” under the guidelines promulgated by the Nasdaq Stock Market, Inc. and the applicable Securities and Exchange Commission rules.
Ms.Elliott has no direct or indirect material interest in any transaction required to be disclosed to Item404(a) of Regulation S-K.
On July13, 2017, the Company issued a press release announcing Ms.Elliott’s appointment to the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 5.02 Financial Statements and Exhibits.
| 99.1 | Press Release dated July13, 2017 |
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MARVELL TECHNOLOGY GROUP LTD ExhibitEX-99.1 2 d419007dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Marvell Technology Group Ltd. Announces the Appointment of Ms. Gerri Elliott to Board of Directors SANTA CLARA,…To view the full exhibit click here
About MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) and System-in-a-Package (SiP) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. Its products serve various applications used in carrier, metropolitan, enterprise and personal computer (PC)-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications. The Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Company offers its products to sectors, including storage, networking, and mobile and wireless.