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MRVL » Topics » Use of External Advisors

This excerpt taken from the MRVL DEF 14A filed May 29, 2009.

Use of External Advisors

Beginning in March 2006 and continuing through fiscal 2009, the executive compensation committee has engaged Compensia, Inc., a national executive compensation consulting firm, to provide it with advice and market data relating to executive compensation. Compensia serves at the discretion of the executive compensation committee. Other than its engagement with the executive compensation committee, Compensia did not provide any services to us in fiscal 2009 nor did Compensia receive any compensation other than for the services provided to the executive compensation committee described below.

In fiscal 2009, Compensia provided the following assistance to the executive compensation committee:

 

  •  

Revised and updated our compensation peer groups;

 

  •  

Developed an executive compensation market assessment that provided market data with respect to our named executive officers’ base salary, annual incentive compensation awards and long-term incentive compensation levels and program structures;

 

  •  

Provided advice and assistance to the executive compensation committee in analyzing management’s proposals for named executive officer compensation;

 

  •  

Assisted in the drafting of the Compensation Disclosure and Analysis included in our fiscal 2008 proxy statement; and

 

  •  

Assisted with the design and implementation of an option for restricted stock unit exchange program.

This excerpt taken from the MRVL DEF 14A filed Jun 2, 2008.

Use of External Advisors

        Beginning in March 2006 and continuing through fiscal 2008, the executive compensation committee engaged Compensia, Inc., a national executive compensation consulting firm, to provide it with advice, information and recommendations relating to executive compensation. Compensia serves at the discretion of the executive compensation committee. Other than its engagement with the executive compensation committee, Compensia did not provide any services to us in fiscal 2008 nor did Compensia receive any compensation other than for the services provided to the executive compensation committee described above.

        In fiscal 2008, Compensia provided the following assistance to the executive compensation committee:

    •
    Reviewed and made recommendations related to our named executive officers' base salary, annual incentive compensation awards, and long-term incentive compensation levels and program structures;

    •
    Assisted in the drafting of the Compensation Disclosure and Analysis included in the proxy statement filed with the SEC on September 14, 2007;

    •
    Reviewed and made recommendations related to the compensation levels and program structures for our board of directors;

    •
    Developed recommendations regarding stock ownership guidelines;

    •
    Reviewed compensation practices for special committees investigating option accounting issues; and

    •
    Provided market data on Chief Financial Officer compensation in connection with our search for a new Chief Financial Officer.

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EXCERPTS ON THIS PAGE:

DEF 14A
May 29, 2009
DEF 14A
Jun 2, 2008

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