Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: There were no sales of unregistered equity securities during the three months ended July 30, 2022.
+Added: There were no sales of unregistered equity securities during the three months ended October 29, 2022.
Issuer Purchases of Equity Securities
We resumed our stock repurchase program in the first quarter of fiscal 2023, which had been temporarily suspended in fiscal 2021 to preserve cash during the COVID-19 pandemic.
−Removed: The following table presents details of our share repurchases during the three months ended July 30, 2022 (in millions, except per share data):
+Added: The following table presents details of our stock repurchases during the three months ended October 29, 2022 (in millions, except per share data):
Period (1) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan or Programs (2)
−Removed: May 1, 2022 to May 28, 2022 0.9 $ 55.09 0.9 $ 499.5
−Removed: May 29, 2022 to June 25, 2022 — $ — — $ 499.5
−Removed: June 26, 2022 to July 30, 2022 — $ — — $ 499.5
+Added: July 31, 2022 to August 27, 2022 — $ — — $ 499.5
+Added: August 28, 2022 to September 24, 2022 0.2 $ 42.79 0.2 $ 489.5
+Added: September 25, 2022 to October 29, 2022 0.9 $ 43.63 0.9 $ 449.5
Total 1.1 $ 43.46 1.1
−Removed: (1) The monthly periods presented above for the three months ended July 30, 2022, are based on our fiscal accounting periods which follow a quarterly 4-4-5 week fiscal accounting period.
−Removed: (2) On November 17, 2016, we announced that our Board of Directors had authorized a $1.0 billion share repurchase plan with no fixed expiration.
−Removed: On October 16, 2018, we announced that our Board of Directors authorized a $700.0 million addition to the balance of our existing share repurchase plan.
−Removed: Our existing share repurchase program had approximately $304.0 million of repurchase authority remaining as of October 16, 2018 prior to the approval addition.
−Removed: We intend to effect share repurchases in accordance with the conditions of Rule 10b-18 under the Exchange Act, but may also make repurchases in the open market outside of Rule 10b-18 or in privately negotiated transactions.
−Removed: The share repurchase program will be subject to market conditions and other factors and does not obligate us to repurchase any dollar amount or number of our common shares and the repurchase program may be extended, modified, suspended or discontinued at any time.
+Added: (1) The monthly periods presented above for the three months ended October 29, 2022, are based on our fiscal accounting periods which follow a quarterly 4-4-5 week fiscal accounting period.
+Added: (2) On November 17, 2016, we announced that our Board of Directors had authorized a $1.0 billion stock repurchase plan with no fixed expiration.
+Added: On October 16, 2018, we announced that our Board of Directors authorized a $700.0 million addition to the balance of our existing stock repurchase plan.
+Added: Our existing stock repurchase program had approximately $304.0 million of repurchase authority remaining as of October 16, 2018 prior to the approved addition.
+Added: We intend to effect stock repurchases in accordance with the conditions of Rule 10b-18 under the Exchange Act, but may also make repurchases in the open market outside of Rule 10b-18 or in privately negotiated transactions.
+Added: The stock repurchase program will be subject to market conditions and other factors and does not obligate us to repurchase any dollar amount or number of shares of our common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.
Item Form File Number Incorporated by
116 unchanged sentences
10.21# Marvell Technology Group Ltd.
−Removed: Change in Control Severance Plan and Summary Plan Description effective June 2016 and updated June 2020
+Added: Change in Control Severance Plan and Summary Plan Description u pdated June 2020
10-Q 000-30877 10.1 8/28/2020
43 unchanged sentences
MARVELL TECHNOLOGY, INC.
−Removed: August 26, 2022
+Added: December 2, 2022
+Added: / S / JEAN HU
Chief Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.