Summary
Broadcom Inc. (AVGO) filed an 8-K on June 13, 2019, reporting its financial results for the second fiscal quarter ended May 5, 2019. The company also announced a quarterly cash dividend of $2.65 per share, payable on July 2, 2019, to shareholders of record on June 24, 2019. This filing also disclosed the appointment of Justine F. Page as an independent director to the Board of Directors, effective June 11, 2019, and subsequent committee reassignments, including Ms. Page's appointment as Chairman of the Audit Committee. These announcements provide important updates on the company's financial performance and corporate governance.
Key Highlights
- 1Broadcom Inc. announced its financial results for the second fiscal quarter of 2019, with an investor conference call scheduled for June 13, 2019.
- 2The company declared a quarterly cash dividend of $2.65 per share.
- 3The dividend payment date is July 2, 2019, with a record date of June 24, 2019.
- 4Justine F. Page was appointed as an independent director to the Board of Directors, effective June 11, 2019.
- 5Ms. Page brings extensive financial and semiconductor industry experience, including prior board service with Broadcom's predecessors.
- 6Ms. Page was appointed as Chairman of the Audit Committee.
- 7Peter Marks stepped down from the Audit Committee and was appointed to the Compensation Committee.