MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
At a General Meeting of Shareholders held on March16, 2018 for Marvell Technology Group Ltd. (the “Company”), shareholders voted on the matters set forth below. Each issued common share was entitled to one vote on the proposals voted on at the meeting.
| 1. | To approve the issuance of Marvell common shares (the “Marvell Share Issuance”) in connection with the merger (the “Merger”) of Kauai Acquisition Corp. with and into Cavium, Inc. (“Cavium”), with Cavium continuing as the surviving corporation in the Merger and as a direct wholly owned subsidiary of Marvell Technology, Inc. which is a direct wholly owned subsidiary of Marvell: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|
411,840,059 |
486,150 | 739,342 |
| 2. | To approve adjournments of the Marvell general meeting, if necessary or appropriate, to permit further solicitation of proxies if there are not sufficient votes at the time of the Marvell general meeting to approve the Marvell Share Issuance (the “Marvell Adjournment Proposal”): |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|
357,999,676 |
54,122,688 | 943,187 |
On March16, 2018, the Company issued a press release announcing that Marvell shareholders voted to approve the issuance of Marvell common shares in connection with the previously announced proposed acquisition of Cavium, Inc. (NASDAQ: CAVM).
A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.
| Item 5.07 | Financial Statements and Exhibits. |
MARVELL TECHNOLOGY GROUP LTD ExhibitEX-99.1 2 d523174dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Marvell Shareholders Approve Issuance of Common Shares in Connection With Proposed Acquisition of Cavium,…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.