MRVL » Topics » Our Bye-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-Q filed Jun 11, 2009.

Our Bye-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 Bye-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 in the event the action is not approved by at least 66 2/3% of the directors holding office at the date of the Board meeting to approve the action.

These change 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.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

 

Item 3. Defaults Upon Senior Securities

None.

 

Item 4. Submission of Matters to a Vote of Security Holders

None.

 

Item 5. Other Information

None.

 

Item 6. Exhibits

(a) The following exhibits are filed as part of this report:

 

31.1      Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2      Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1*    Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2*    Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

* In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release No. 33-8238 and 34-47986, Final Rule: Management’s Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports, the certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Form 10-Q and will not be deemed “filed” for purposes of Section 18 of the Exchange Act. Such certifications will not be deemed to be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference.

 

53


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These excerpts taken from the MRVL 10-K filed Apr 1, 2009.

Our Bye-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 Bye-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 change 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.

 

Item 1B. Unresolved Staff Comments

None.

 

Item 2. Properties

Our U.S. headquarters, housing research and design functions as well as elements of sales, marketing, administration and operations, is located in Santa Clara, California. The Santa Clara facility consists of

 

36


Table of Contents

approximately 993,000 square feet on 33.8 acres of land. We also own buildings in Switzerland, Malaysia, China and Singapore which are used for operations, research and design, sales, marketing and administrative functions.

In addition to these properties, we lease approximately 361,000 square feet in Israel for research and design, administration and operations, which lease term expires in August 2025. We also lease smaller facilities in Bermuda, Canada, China, Finland, Germany, India, Italy, Japan, Korea, Taiwan, the United Kingdom and the United States, which are occupied by administrative, sales, design and field application personnel. We also lease one additional building in California, totaling approximately 41,000 square feet, which is currently subleased to tenants as of January 31, 2009.

Based upon our estimates of future hiring, we believe that our current facilities will be adequate to meet our requirements at least through the next fiscal year.

 

Item 3. Legal Proceedings

The information set forth under Note 12 – Commitments and Contingencies (Contingencies) of our notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this Annual Report on Form 10-K is incorporated herein by reference. For additional discussion of certain risks associated with legal proceedings, see Part I, Item 1A, “Risk Factors” above.

 

Item 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of security holders during the fourth quarter of fiscal 2009.

 

37


Table of Contents

Our Bye-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 Bye-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 change 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.

 

Item 1B. Unresolved Staff Comments

None.

 

Item 2. Properties

Our U.S. headquarters, housing research and design functions as well as elements of sales, marketing, administration and operations, is located in Santa Clara, California. The Santa Clara facility consists of

 

36


Table of Contents

approximately 993,000 square feet on 33.8 acres of land. We also own buildings in Switzerland, Malaysia, China and Singapore which are used for operations, research and design, sales, marketing and administrative functions.

In addition to these properties, we lease approximately 361,000 square feet in Israel for research and design, administration and operations, which lease term expires in August 2025. We also lease smaller facilities in Bermuda, Canada, China, Finland, Germany, India, Italy, Japan, Korea, Taiwan, the United Kingdom and the United States, which are occupied by administrative, sales, design and field application personnel. We also lease one additional building in California, totaling approximately 41,000 square feet, which is currently subleased to tenants as of January 31, 2009.

Based upon our estimates of future hiring, we believe that our current facilities will be adequate to meet our requirements at least through the next fiscal year.

 

Item 3. Legal Proceedings

The information set forth under Note 12 – Commitments and Contingencies (Contingencies) of our notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this Annual Report on Form 10-K is incorporated herein by reference. For additional discussion of certain risks associated with legal proceedings, see Part I, Item 1A, “Risk Factors” above.

 

Item 4. Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of security holders during the fourth quarter of fiscal 2009.

 

37


Table of Contents

Our Bye-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 Bye-laws contain change in corporate control
provisions, which include:

 







  

authorizing the issuance of preferred stock without shareholder approval;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

providing for a classified board of directors with staggered, three-year terms; and

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

requiring a vote of two-thirds of the outstanding shares to approve any change of corporate control.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">These change 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.

 





Item 1B.Unresolved Staff Comments

SIZE="2">None.

 





Item 2.Properties

Our U.S.
headquarters, housing research and design functions as well as elements of sales, marketing, administration and operations, is located in Santa Clara, California. The Santa Clara facility consists of

 


36







Table of Contents



approximately 993,000 square feet on 33.8 acres of land. We also own buildings in Switzerland, Malaysia, China and Singapore which are used for operations,
research and design, sales, marketing and administrative functions.

In addition to these properties, we lease approximately 361,000 square
feet in Israel for research and design, administration and operations, which lease term expires in August 2025. We also lease smaller facilities in Bermuda, Canada, China, Finland, Germany, India, Italy, Japan, Korea, Taiwan, the United Kingdom and
the United States, which are occupied by administrative, sales, design and field application personnel. We also lease one additional building in California, totaling approximately 41,000 square feet, which is currently subleased to tenants as of
January 31, 2009.

Based upon our estimates of future hiring, we believe that our current facilities will be adequate to meet our
requirements at least through the next fiscal year.

 





Item 3.Legal Proceedings

The
information set forth under Note 12 – Commitments and Contingencies (Contingencies) of our notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this Annual Report on Form 10-K is incorporated herein by reference.
For additional discussion of certain risks associated with legal proceedings, see Part I, Item 1A, “Risk Factors” above.

 





Item 4.Submission of Matters to a Vote of Security Holders

FACE="Times New Roman" SIZE="2">No matters were submitted to a vote of security holders during the fourth quarter of fiscal 2009.

 


37







Table of Contents


This excerpt taken from the MRVL 10-Q filed Dec 11, 2008.

Our Bye-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 Bye-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.

 

This excerpt taken from the MRVL 10-Q filed Sep 10, 2008.

Our Bye-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 Bye-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.

 

60



This excerpt taken from the MRVL 10-Q filed Jun 6, 2008.

Our Bye-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 Bye-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.

 

60



 

These excerpts taken from the MRVL 10-K filed Mar 28, 2008.

Our Bye-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 Bye-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.

Our Bye-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 Bye-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.



This excerpt taken from the MRVL 10-Q filed Dec 6, 2007.

Our Bye-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 Bye-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.

 

63



 

This excerpt taken from the MRVL 10-Q filed Sep 6, 2007.

Our Bye-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 Bye-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.

This excerpt taken from the MRVL 10-Q filed Jul 9, 2007.

Our Bye-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 Bye-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.

This excerpt taken from the MRVL 10-Q filed Jul 2, 2007.

Our Bye-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 Bye-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.

86




This excerpt taken from the MRVL 10-Q filed Jul 2, 2007.

Our Bye-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 Bye-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.

This excerpt taken from the MRVL 10-Q filed Jul 2, 2007.

Our Bye-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 Bye-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.

85




This excerpt taken from the MRVL 10-K filed Jul 2, 2007.

Our Bye-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 Bye-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.

This excerpt taken from the MRVL 10-Q filed Jun 8, 2006.

Our Bye-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 Bye-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.

This excerpt taken from the MRVL 10-Q filed Sep 8, 2005.

Our Bye-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 Bye-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.

 

40



 

This excerpt taken from the MRVL 10-Q filed Jun 9, 2005.

Our Bye-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 Bye-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.

 

38



 

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