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MRVL » Topics » Approval of Compensation Arrangements for Former Interim Chief Financial Officer

This excerpt taken from the MRVL 8-K filed Jan 2, 2008.

Approval of Compensation Arrangements for Former Interim Chief Financial Officer

 

The Compensation Committee approved the following one-time cash payments to Michael Tate, the Company’s former Interim Chief Financial Officer:  (i) A payment of $9,986.30, reflecting a retroactive annual salary increase for Mr. Tate to $247,500 (from $225,000) for the period from February 1, 2007 through July 12, 2007 (Mr. Tate’s last day with the Company) and (ii) a cash bonus payment of $33,750 for Mr. Tate’s performance in the fiscal year ended January 27, 2007.

 

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