secwatch.observer — SEC 8-K summary
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Issuer:     Marvell Technology, Inc. (MRVL)
CIK:        0001835632
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001835632-24-000038
Event type: leadership
Sentiment:  positive
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marvell appoints KLA CEO Rick Wallace and Adobe CFO Daniel Durn to board
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- Rick Wallace (KLA CEO) and Daniel Durn (Adobe CFO) joined Marvell's board effective April 25, 2024.
- Both will stand for election at Marvell's 2024 annual meeting expected on June 20, 2024; the board determined each is independent.
- They receive annual retainer of $100,000, annual RSU grant of $235,000, and a prorated initial RSU award vesting at the 2024 annual meeting.
- Wallace brings 36 years in semiconductor equipment; Durn adds 10 years as a public-company CFO and semiconductor industry experience.
- CEO Matt Murphy cited their expertise in advancing Marvell's AI-era data infrastructure strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000038/0001835632-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835632/000183563224000038/mrvl-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001835632-24-000038

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