8-K/AShareholder MattersExhibits & Filings

Marvell Technology, Inc. 8-K/A Report, Shareholder Vote Results (Nov 3, 2023)

Filed November 3, 2023For Securities:MRVL

Summary

Marvell Technology, Inc. filed an 8-K/A amendment on November 2, 2023, providing an update on its 2023 Annual Meeting of Stockholders. The primary purpose of this filing is to confirm that the company will now hold "say on pay" votes on an annual basis. This change was recommended by the Board of Directors, approved by a majority of stockholders at the 2023 Annual Meeting, and aligns with prior reporting in the original Form 8-K regarding this vote. This amendment does not introduce new financial results or significant business developments. Instead, it clarifies a procedural matter related to executive compensation votes. Investors should note this confirmation of annual "say on pay" votes, which signifies a regular opportunity for shareholders to express their views on executive compensation practices.

Key Highlights

  • 1Marvell Technology confirmed an annual "say on pay" vote frequency for executive compensation.
  • 2This decision was approved by a majority of the company's stockholders.
  • 3The Board of Directors recommended the annual "say on pay" vote.
  • 4The filing is an amendment to a previous 8-K report related to the 2023 Annual Meeting.
  • 5No new financial statements or material business updates are presented in this amendment.
  • 6The event date associated with the vote was June 15, 2023.
  • 7The filing includes the standard Cover Page Interactive Data File (XBRL).

Frequently Asked Questions

The main purpose of this 8-K/A filing is to confirm and update that Marvell Technology, Inc. will hold "say on pay" advisory votes on an annual basis, as approved by its stockholders.

No, this 8-K/A amendment does not present new financial statements or material business developments. It solely clarifies the frequency of the "say on pay" vote.

The decision for annual "say on pay" votes was approved by stockholders at the 2023 Annual Meeting, with the event date related to this vote being June 15, 2023.

Typically, "say on pay" votes are advisory in nature, meaning they express the shareholders' opinion but are not legally binding on the company's board of directors.