MRVL » Topics » Changes in Internal Control Over Financial Reporting

This excerpt taken from the MRVL 10-Q filed Jun 11, 2009.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the three months ended May 2, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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

Changes in Internal Control Over Financial Reporting

Our actions to remediate the material weakness as described above, collectively, represent changes in our internal control over financial reporting that occurred during the quarter ended January 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Item 9B. Other Information

Not applicable.

 

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Table of Contents

Changes in Internal Control Over Financial Reporting

Our actions to remediate the material weakness as described above, collectively, represent changes in our internal control over financial reporting that occurred during the quarter ended January 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Item 9B. Other Information

Not applicable.

 

121


Table of Contents

Changes in Internal Control Over Financial
Reporting

Our actions to remediate the material weakness as described above, collectively, represent changes in our internal control
over financial reporting that occurred during the quarter ended January 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

STYLE="font-size:18px;margin-top:0px;margin-bottom:0px"> 





Item 9B.Other Information

Not
applicable.

 


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Table of Contents


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

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting during the three months ended November 1, 2008 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, except as described below.

 

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

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting during the three months ended August 2, 2008 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, except as described below.

 

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

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting during the three months ended May 3, 2008 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, except as described below.

 

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

Changes in Internal Control Over Financial Reporting

        There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Changes in Internal Control Over Financial Reporting



        There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.




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

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, except as described below.

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

Changes in Internal Control Over Financial Reporting

As required by Rule 13a-15(d) of the Securities Exchange Act of 1934, our management, including our Chief Executive Officer and interim Chief Financial Officer, also conducted an evaluation of our “internal control over financial reporting” as defined in Exchange Act Rule 13a-15(f) to determine whether any changes in our internal control over financial reporting occurred during the second quarter of fiscal 2008 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Based on that evaluation, there were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, except as described below.

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

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, on are reasonably likely to materially affect, our internal control over financial reporting.

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

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, on are reasonably likely to materially affect, our internal control over financial reporting.

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

Changes in Internal Control Over Financial Reporting

The following were changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, on are reasonably likely to materially affect, our internal control over financial reporting:

·                  a material weakness was indentified in controls over stock-based compensation expense under FAS 123R as described above.

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

Changes in Internal Control Over Financial Reporting

The following were changes in our internal control over financial reporting during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

During the fourth quarter of fiscal 2007, we took the necessary actions to remediate a material weakness in our stock option granting process. All of the following corrective actions were implemented, including testing, as of January 27, 2007:

·       We suspended our stock option granting activities beginning in late June 2006 through November 2006. The Executive Compensation Committee (“ECC”), comprising two independent Board members, has sole responsibility to approve equity award grants to employees and non-employees, including any modifications. In accordance with the ECC’s charter, all equity compensation awards to Section 16 officers are required to be approved by the ECC.

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·       We modified the granting process to require that any proposed equity awards be reviewed in advance by the Human Resources, Legal, Finance and Internal Audit Departments, and require communication of the details of proposed equity awards to ECC members prior to each monthly meeting, as well as notification of recipients promptly after the meeting. Equity awards are priced and valued based upon the closing price of our common stock on the date of the meeting. Decisions of the ECC are documented by minutes.

·       We adopted procedures designed to ensure better coordination and communication among the finance, human resources, and legal functions to ensure that no one person or department would be responsible for executing the entire granting and approval process along with the documentation for equity awards.

·       The ECC met to approve grants in December 2006 and January 2007; the audit testing performed by our Internal Audit Department has not evidenced any deficiency in the granting process for the aforementioned grants.

·       We are planning or have initiated training for our human resource, stock administration, and legal personnel covering the equity grant process and the accounting and financial reporting requirements for equity awards and modifications of such awards.

·       Our internal audit group performed periodic audits of the grant process and reported its results prior to the approval by the ECC. Our Internal Audit Department reports directly to the Audit Committee of our Board of Directors.

The above actions have remediated the material weakness over the granting process.

During the fourth quarter of fiscal 2007 we identified two additional material weaknesses in the control environment because we did not maintain a sufficient complement of personnel with a level of accounting knowledge, experience and training in the application of generally accepted accounting principles commensurate with our financial reporting requirements and because we did not remediate internal control deficiencies in a timely manner as further described above.

This excerpt taken from the MRVL 10-K filed Apr 13, 2006.
Changes in internal control over financial reporting.   There was no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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