Marvell Technology Group Ltd (MRVL.O) Key Developments | Reuters.com
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Marvell Technology Group Ltd (MRVL.O)

MRVL.O on Nasdaq

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Marvell Technology's CEO Murphy's annual base salary will be $750,000
Monday, 20 Jun 2016 05:13pm EDT 

Marvell Technology Group Ltd : Chief executive officer Murphy's annual base salary will be $750,000 - SEC filing .Effective as of date Murphy commences employment number of directors on board of directors will be increased from 11 to 12.  Full Article

Marvell Technology appoints Matthew Murphy CEO
Monday, 20 Jun 2016 04:30pm EDT 

Marvell Technology Group Ltd : Murphy joins marvell from Maxim Integrated .Marvell technology group ltd. Announces appointment of Matthew J. Murphy as president and chief executive officer.  Full Article

Marvell Technology files for non-timely 10-Q
Friday, 10 Jun 2016 09:18am EDT 

Marvell Technology Group Ltd : Files For Non-Timely 10-Q . Expects net revenue for Q1 to be substantially lower than net revenue for the first quarter of fiscal year 2016 .Q1 fall in revenue was due to lower sales of its hard disc drive storage products.  Full Article

Marvell Technology Group appoints Andy Micallef as chief operations officer
Monday, 6 Jun 2016 04:05pm EDT 

Marvell Technology Group Ltd - : Micallef joins Marvell from Intersil Corporation where he was senior vice president of operations since January 2015 . Appointment of Andy Micallef as chief operations officer, effective immediately .Marvell Technology Group Ltd. announces appointment of Andy Micallef as chief operations officer.  Full Article

Marvell Technology Group appoints Mitchell Gaynor as chief legal officer
Thursday, 19 May 2016 09:26am EDT 

Marvell Technology Group Ltd : Announces appointment of Mitchell Gaynor as chief legal officer . Gaynor joins Marvell from Juniper Networks Inc where he held a variety of senior legal roles from 2004 to 2015 .Continue to work through issues with SEC.  Full Article

Marvell Technology Group -quarterly div of 6 cents per share
Wednesday, 18 May 2016 04:35pm EDT 

Marvell Technology Group Ltd :Approved a quarterly dividend payment of $0.06 per share to all shareholders of record as of june 14, 2016.  Full Article

Extreme Networks names Drew Davies as CFO
Tuesday, 17 May 2016 08:40am EDT 

Extreme Networks Inc: Extreme networks names Drew Davies as chief financial officer . Ken Arola, current CFO, will work with Mr. Davies to ensure a seamless transition of his responsibilities . Davies succeeds Ken Arola .Davies most recently served as vice president, corporate controller at Marvell Semiconductor Inc.  Full Article

Marvell Technology Group Ltd announces agreement with Starboard
Wednesday, 27 Apr 2016 08:45am EDT 

Marvell Technology Group Ltd:Has entered into an agreement with Starboard Value LP, which has a beneficial ownership of approximately 6.5% of the Company's outstanding common stock.Under the terms of the agreement, Marvell's Board of Directors will elect Peter A. Feld, Richard S. Hill and Oleg Khaykin to the Board.  Full Article

Marvell Technology Group Ltd announces completion of audit committee investigation
Tuesday, 1 Mar 2016 08:30am EST 

Marvell Technology Group Ltd:Announces completion of audit committee investigation.Says audit committee identified no fraudulent activity in the course of investigation.Says does not expect to have the forms 10-q on file by March 8, 2016.Says audit committee did identify a limited number of transactions that had the effect of recognizing revenue prematurely.Expects will be notified by NASDAQ that Marvell will be required to request hearing before NASDAQ hearings panel to remain listed.Audit committee found certain "tone at the top" issues, including significant pressure on personnel to meet revenue targets.Upon receiving notification from NASDAQ, co intends to request a hearing.Says Marvell is evaluating whether errors were material to any previously reported financial period.Identified deals do not have impact on total amount of revenue recognized by Marvell for the aggregate of the three quarters.Says audit committee made a number of recommendations to the board of directors of Marvell.Audit committee intends to review certain matters that came to its attention during course of now-completed investigation.  Full Article

Marvell Technology Group declares quarterly dividend payment
Monday, 28 Sep 2015 08:30am EDT 

Marvell Technology Group Ltd:Approved a quarterly dividend payment of $0.06 per share to all shareholders of record as of October 8.Marvell intends to pay the dividend on October 22.  Full Article

Marvell Tech names Matthew Murphy as CEO and president

Chipmaker Marvell Technology Group Ltd named Matthew Murphy as chief executive and president, replacing its co-founders who stepped down from the posts in April after a probe raised questions about the top management's operating style.