This excerpt taken from the MRVL 8-K filed Jun 2, 2008.
Item 7.01 Regulation FD Disclosure.
On May 31, 2008, the board of directors of Marvell appointed Weili Dai as Vice President of Sales for Marvells communications and consumer business. In connection with Ms. Dais new position, the Communication was provided to Marvells employees on June 2, 2008.
The text of the Communication is as follows:
I am very pleased to share with you that Weili Dai, our co-founder will be taking on a new position as Vice President of Sales for our Communications and Consumer Business. In this new role, Weili will lead the sales efforts for our communication and consumer products to service our customers and ensure Marvells long term growth and success.
As a co-founder of Marvell, Weilis great business acumen, strategic thinking and endless passion, have already contributed greatly to the success of Marvell and its customers. Her close relationship with her customers and the foundation of the trust shared with them has given her a strong reputation for the highest degree of professionalism and integrity throughout our technology industry. She is a tremendous asset to Marvell. Weilis new role will enable Marvell, our customers, employees, and shareholders to benefit from her many talents.
Weili and I also want to take this opportunity to thank all of you for your loyalty and support over the past 18 months. This has been a challenging time for Marvell - and for us personally - and we truly appreciate your continued trust and all of your hard work.
It is a credit to you - Marvells talented employees - that we were able to report great first fiscal quarter results last week. The first quarter results demonstrate that working as a team, the Marvell family can overcome challenges to achieve success. I am very confident that Marvell has a great future ahead and I am very delighted that Weili will once again be contributing in a significant way towards our efforts to grow the business by ensuring that we meet our customers needs.
As Weili likes to say: Marvell is not only a job. It is my passion. Im here to take care of my customers and the Marvell Family - our employees. Please join me in thanking Weili for taking on this important new role.
The information in this Current Report, including the accompanying exhibit, is being furnished and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of Section 18. The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing.
The Communication contains forward-looking statements. Words such as anticipates, expects, intends, plans, believes, seeks, estimates, may, will, should, and their variations identify forward-looking statements. Statements that refer to, or are based on projections, uncertain events or assumptions also identify forward-looking statements. These statements include statements regarding Marvells ability to meet its customers needs and achieve long term growth and success. These statements are not guarantees of results and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the
forward-looking statements, including Marvells ability to reduce operating costs; Marvells reliance on major customers and suppliers; Marvells ability to keep up with rapid technological change; Marvells ability to compete successfully in competitive markets; market acceptance of new products; and other risks detailed in Marvells SEC filings. For other factors that could cause Marvells results to vary from expectations, please see the risk factors identified in the Marvells latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the SEC and other factors detailed from time to time in Marvells filings with the SEC. Marvell undertakes no obligation to revise or update publicly any forward-looking statements.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 2, 2008