Broadcom Reports Officer Compensation Arrangement Changes

TL;DR

**Broadcom filed an 8-K about officer compensation changes, but details are missing.**

AI Summary

This 8-K filing from Broadcom Inc. on February 9, 2024, reports an event that occurred on February 5, 2024, related to changes in compensatory arrangements for certain officers. While the filing indicates a change in compensation, it does not provide specific details on the nature or dollar amounts of these changes. For investors, this matters because executive compensation can influence management's incentives and the company's overall financial health, but without specifics, the impact is unclear.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or performance incentives, directly impacting shareholder value.

Risk Assessment

Risk Level: low — The filing indicates a change in compensatory arrangements but lacks specific details, making it difficult to assess any immediate risk.

Analyst Insight

A smart investor would note the filing but await further disclosures for specific details on the compensatory arrangements before making any investment decisions, as the current filing lacks actionable information.

Key Players & Entities

• Broadcom Inc. (company) — the registrant filing the 8-K
• February 5, 2024 (date) — date of the earliest event reported
• February 9, 2024 (date) — date the 8-K was filed
• AVGO (company) — trading symbol for Broadcom Inc. Common Stock
• The Nasdaq Global Select Market (company) — exchange where Broadcom's common stock is registered

FAQ

From the Filing

0001140361-24-006724.txt : 20240209 0001140361-24-006724.hdr.sgml : 20240209 20240209161535 ACCESSION NUMBER: 0001140361-24-006724 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240205 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Broadcom Inc. CENTRAL INDEX KEY: 0001730168 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 352617337 FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38449 FILM NUMBER: 24615129 BUSINESS ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 650-427-6000 MAIL ADDRESS: STREET 1: 3421 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 FORMER COMPANY: FORMER CONFORMED NAME: Broadcom Ltd DATE OF NAME CHANGE: 20180201 8-K 1 ef20021201_8k.htm 8-K false 0001730168 0001730168 2024-02-05 2024-02-05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of Report (Date of earliest event reported):  February 5, 2024   Broadcom Inc. (Exact Name of Registrant as Specified in Charter)   Delaware 001-38449 35-2617337 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 3421 Hillview Avenue Palo Alto , California 94304 (Address of principal executive offices including zip code)   ( 650 ) 427-6000 (Registrant’s telephone number, including area code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Common Stock, $0.001 par value   AVGO   The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐   Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   Appointment of New Director   On and effective February 5, 2024, the Board of Directors (the “Board”) of Broadcom Inc. (“Broadcom”) increased the size of the Board to ten members and appointed Kenneth Y. Hao, Chairman and Managing Partner of Silver Lake, as an independent member of the Board.  Mr. Hao has not been appointed to any Board committees at this time.   The compensation of Mr. Hao will be consistent with Broadcom’s compensation of its other non-employee directors in effect and as described in Broadcom’s