Marvell Technology Files Definitive Proxy Statement

TL;DR

Marvell Tech (MRVL) filed its proxy statement for the June 13 meeting - expect votes on exec pay & board.

AI Summary

Marvell Technology, Inc. filed its definitive proxy statement (DEF 14A) on May 1, 2025, for its annual meeting on June 13, 2025. The filing details executive compensation, board nominations, and other corporate governance matters. The company is incorporated in Delaware and its fiscal year ends on February 1st.

Why It Matters

This filing provides shareholders with crucial information regarding company leadership, compensation, and voting matters, enabling informed participation in corporate governance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures beyond standard corporate governance information.

Key Players & Entities

• Marvell Technology, Inc. (company) — Registrant
• 0001104659-25-043088 (filing_id) — Accession Number
• 20250501 (date) — Filing Date
• 20250613 (date) — Meeting Date

FAQ

From the Filing

0001104659-25-043088.txt : 20250501 0001104659-25-043088.hdr.sgml : 20250501 20250501090047 ACCESSION NUMBER: 0001104659-25-043088 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 41 CONFORMED PERIOD OF REPORT: 20250613 FILED AS OF DATE: 20250501 DATE AS OF CHANGE: 20250501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Marvell Technology, Inc. CENTRAL INDEX KEY: 0001835632 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 853971597 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-40357 FILM NUMBER: 25899775 BUSINESS ADDRESS: STREET 1: 1000 N. WEST STREET STREET 2: SUITE 1200 CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: (302) 295-4840 MAIL ADDRESS: STREET 1: 1000 N. WEST STREET STREET 2: SUITE 1200 CITY: WILMINGTON STATE: DE ZIP: 19801 DEF 14A 1 tm252448-4_def14a.htm FORM DEF 14A tm252448-3_nonfiling - none - 11.9219274s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 ​ Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ​ ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ​ ☒ Definitive Proxy Statement ​ ☐ Definitive Additional Materials ​ ☐ Soliciting Material under §240.14a-12 ​ Marvell Technology, Inc. ​ (Name of Registrant as Specified in Its Charter)     ​ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ​ ☐ Fee paid previously with preliminary materials. ​ ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. ​ TABLE OF CONTENTS TABLE OF CONTENTS To our Stockholders May 1, 2025 To our Stockholders: Fiscal 2025 was a transformative year for Marvell. We delivered $5.77 billion in revenue, driven by 88% year-over-year growth in our data center business. With a record $1.68 billion in operating cash flow, we significantly increased capital returns to our stockholders through stock repurchases and dividends totaling $933 million in aggregate. We also continued to vigorously invest in R&D and other growth initiatives. Marvell is at the center of a once-in-a-generation opportunity as customers rearchitect their data centers to harness the power of Artificial Intelligence (AI). Over the past two years, AI has become the top priority for our data center customers, reshaping their investment strategies and technology roadmaps. It is a change we anticipated and prepared for, building a leading portfolio of essential data center solutions. As customers scale their infrastructure to support AI workloads, demand for these solutions — spanning custom compute, interconnects, and switching — has surged. By the fiscal fourth quarter, Marvell’s data center revenue accounted for 75% of our total business, up from about 50% at the start of the year. This increase was primarily driven by AI-related revenue, which accounted for approximately 50% of our total data center revenue in Fiscal 2025, up from less than 10% in Fiscal 2023. While data center remains our primary growth driver, we also saw a gradual recovery across our multi-market businesses, including carrier and enterprise networking, following a period of inventory correction. These businesses serve large and essential industries, and we expect their positive trajectory to provide additional momentum for Marvell moving forward. Accelerated Infrastructure for the AI Era In April 2024, we hosted Accelerated Infrastructure for the AI Era in New York City, bringi