Marvell Technology 8-K

Summary

Marvell appointed three independent directors, expanding its board from seven to ten effective 11/12/2026. Donna C. Morris and Sasan K. Goodarzi joined the Executive Compensation Committee, and Douglas R. Bettinger joined the Audit Committee; the appointments add experience in talent strategy, finance and semiconductor leadership, and scaling global businesses.

Key Figures

• Annual compensation for each new director includes a $100,000 retainer and $250,000 equity grant. Morris and Goodarzi each receive a $10,000 annual Executive Compensation Committee fee; Bettinger receives a $15,000 annual Audit Committee fee.
• Each director received a prorated initial restricted stock unit grant upon joining, vesting at the 2027 annual meeting. All three will stand for election at that meeting.