8-KEarnings & ResultsLeadership ChangesOther Events+1

Broadcom Inc. 8-K Report, Financial Results (Jun 13, 2019)

Filed June 13, 2019For Securities:AVGO

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.

Frequently Asked Questions

Broadcom Inc. announced its Q2 2019 financial results on June 13, 2019, and held an investor conference call on the same day to discuss them. The press release detailing these results was filed as an exhibit to this 8-K.

The Board of Directors declared a quarterly cash dividend of $2.65 per share. This dividend is payable on July 2, 2019, to shareholders of record as of the close of business on June 24, 2019.

The company appointed Justine F. Page as an independent director to its Board of Directors, effective June 11, 2019. Ms. Page has a strong background in finance and has previously served on the boards of Broadcom's predecessors.

With the appointment of Justine F. Page, she has been named Chairman of the Audit Committee. Peter Marks stepped down from the Audit Committee and was appointed as a member of the Compensation Committee.