Summary
Marvell Technology, Inc. announced a significant leadership change in its accounting department via an 8-K filing. Effective July 21, 2025, Mr. Justin Scarpulla will assume the role of Senior Vice President, Chief Accounting Officer. Mr. Scarpulla brings a wealth of experience from various prominent technology companies, including Indentiv, Inc., SpaceX, MaxLinear, and Broadcom, with a strong background in financial leadership and accounting.
Key Highlights
- 1Appointment of Justin Scarpulla as new Senior Vice President, Chief Accounting Officer, effective July 21, 2025.
- 2Mr. Scarpulla possesses extensive experience in financial and accounting roles at notable technology firms such as SpaceX, MaxLinear, and Broadcom.
- 3Mr. Scarpulla's compensation package includes a base salary of $400,000, eligibility for an annual incentive bonus (53% target), and a restricted stock unit grant valued at $950,000.
- 4The restricted stock unit grant will vest over a four-year period, with one-quarter vesting after the first year and the remainder vesting quarterly thereafter.
- 5Pani Dixon, the current Chief Accounting Officer, will be departing the company on June 27, 2025, to pursue other opportunities.
- 6Ms. Dixon's departure is not related to any disagreements concerning the company's accounting practices or financial disclosures.
Frequently Asked Questions
Mr. Justin Scarpulla has been appointed as the new Senior Vice President, Chief Accounting Officer, and his appointment is effective July 21, 2025.
Mr. Scarpulla will receive a base salary of $400,000, is eligible for an annual incentive bonus with a target of 53% of his base salary, and will be granted restricted stock units valued at $950,000, vesting over four years.
Ms. Pani Dixon is departing the company on June 27, 2025, to pursue a new professional opportunity. Her departure is amicable and not due to any disagreements with the company regarding its accounting practices or financial statement disclosures.
There are no disclosed arrangements or understandings concerning Mr. Scarpulla's selection as an officer, nor does he have any direct or indirect material interest in any transactions requiring disclosure under Item 404(a) of Regulation S-K. He also has no family relationships with current directors or executive officers.