secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001835632-24-000005
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell authorizes $3B stock repurchase, its largest ever
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- Board authorized $3B addition to existing buyback program, total authority now ~$3.3B.
- Previous remaining authority was $299M as of fiscal year ended Feb 3, 2024.
- Repurchases may occur in open market or private transactions depending on market conditions.
- Program can be suspended or discontinued at any time by management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000005/0001835632-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000005/mrvl-20240304.htm
  HTML page:      https://secwatch.observer/filing/0001835632-24-000005

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