MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security Holders. |
At the Annual General Meeting of Shareholders held on June15,
2017 for Marvell Technology Group Ltd. (the Company),
shareholders voted on the matters as set forth below. Each issued
common share was entitled to one vote on 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 2018 annual general meeting of shareholders, based upon the following votes: |
For |
Against |
Abstain |
BrokerNon- Votes |
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320,701,467 | 6,179,739 | 811,360 | 67,784,030 | ||||||||||||
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311,865,870 | 15,017,131 | 809,565 | 67,784,030 | ||||||||||||
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276,345,615 | 48,378,961 | 2,967,990 | 67,784,030 | ||||||||||||
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319,914,656 | 6,969,423 | 808,487 | 67,784,030 | ||||||||||||
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325,247,551 | 1,669,693 | 775,322 | 67,784,030 | ||||||||||||
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322,870,433 | 4,012,338 | 809,795 | 67,784,030 | ||||||||||||
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321,728,590 | 5,153,206 | 810,770 | 67,784,030 | ||||||||||||
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323,615,153 | 3,267,559 | 809,854 | 67,784,030 |
With respect to the election of each director, an abstain vote
had the same effect as an against vote.
2. |
The proposal to approve, on an advisory and non-binding basis, the compensation of the Companys named executive officers, was approved based upon the following votes: |
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16,115,144 | 849,273 | 67,784,030 |
3. |
The proposal to approve the frequency of a shareholder vote to approve the compensation of the Companys named executive officers, was approved based upon the following votes: |
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315,375 | 29,031,600 | 782,254 | 67,784,030 |
4. |
The proposal to appoint Deloitte Touche LLP as the Companys auditors and independent registered public accounting firm, and authorization of the audit committee, acting on behalf of the Companys board of directors, to fix the remuneration of the auditors and independent registered public accounting firm, in both cases for the fiscal year ending February3, 2018, was approved based upon the following votes: |
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359,159 | 862,348 |
Item8.01 |
Other Items. |
In response to the shareholder vote in Item 5.07 above regarding
the frequency of a shareholder vote on executive compensation, on
June16, 2017 the Companys board of directors determined that the
Company would continue to hold a shareholder advisory nonbinding
vote regarding the compensation of the Companys named executive
officers every year.
2
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.
