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MRVL » Topics » Our By-laws contain provisions that could delay or prevent a change in corporate control, even if the change in corporate control would benefit our shareholders.This excerpt taken from the MRVL 10-K filed Apr 13, 2006. Our By-laws contain provisions that could delay or prevent a change in corporate control, even if the change in corporate control would benefit our shareholders. Our By-laws contain change in corporate control provisions, which include: · authorizing the issuance of preferred stock without shareholder approval; · providing for a classified board of directors with staggered, three-year terms; and · requiring a vote of two-thirds of the outstanding shares to approve any change of corporate control. These changes in corporate control provisions could make it more difficult for a third-party to acquire us, even if doing so would be a benefit to our shareholders. |
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