MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Other Events
Item8.01
| Other Events. |
On June15, 2017, Marvell Technology Group Ltd. (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 July21,
2017 to all shareholders of record as of July5, 2017. 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
shareholders, its results of operations, cash balances and future
cash requirements, financial condition, developments in ongoing
litigation, statutory requirements of Bermuda law, and other
factors that the Board of Directors may deem relevant.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99.1 |
Press Release dated June15, 2017, titled Marvell Technology Group Ltd. Declares Quarterly Dividend Payment |
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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.