This excerpt taken from the MRVL 8-K filed Jul 23, 2007.
Santa Clara, CA (July 23, 2007) Marvell (NASDAQ: MRVL), a leader in storage, communications and consumer silicon solutions, today announced that the Nasdaq Stock Market has determined that the company is now in complete compliance with all Nasdaq rules, including Rule 4310(c)(14)(which requires a Nasdaq-listed company to timely file periodic reports with the Securities and Exchange Commission), and that the matter of delisting is now closed. This determination was based on the recent filing of the companys Form 10-K for the fiscal year ended January 27, 2007 and its Forms 10-Q for the periods ended April 29, 2006, July 29, 2006, October 28, 2006, and April 28, 2007. Marvells securities will continue to be listed on the Nasdaq Global Select Market.
We are very pleased with the Nasdaq decision and are happy to put this matter behind us, said Dr. Sehat Sutardja, Marvells Chief Executive Officer. We look forward to continuing to deliver world-class products and technologies to our customers that should enable our solid long-term growth.
This excerpt taken from the MRVL 8-K filed Jul 10, 2007.
Santa Clara, Ca. (July 10, 2007) With yesterdays filing of its delayed Quarterly Report on Form 10-Q for the quarter ended April 28, 2007, Marvell (NASDAQ: MRVL), the leader in storage, communications, and consumer silicon solutions, completed the process of filing its delayed reports with the SEC. The company is now current with its filings, which also are required by the NASDAQ Stock Market for continued listing of Marvells shares.
The company announced the resignation of interim Chief Financial Officer Michael Tate, upon the completion of the lengthy and complex task of completing the delayed filings. Mr. Tate, who also served as Vice President, Corporate Controller, and Treasurer, had agreed earlier this year to remain with the company as its interim CFO to see it through a difficult period. He had spent more than six years as an executive with the company since joining as part of Marvells acquisition of Galileo Technology Ltd. in January 2001. His resignation is effective July 13th.
We appreciate Mikes hard work during this very difficult time, said Dr. Sehat Sutardja, Marvells CEO. He enabled us to complete the filing of our delayed reports, to the benefit of shareholders, customers and employees alike. We wish him the best in his next endeavor.
The company is continuing to conduct an aggressive search for a permanent CFO to replace Mr. Tate.