3 unchanged sentences
(our prior parent company) began trading under the MRVL symbol on June 27, 2000, upon completion of an initial public offering.
−Removed: As of April 20, 2021, shares of Marvell Technology, Inc began trading under the symbol MRVL.
+Added: As of April 20, 2021, shares of Marvell Technology, Inc.
+Added: began trading under the symbol MRVL.
As of March 6, 2024, the approximate number of record holders of our common stock was 563 (not including beneficial owners of stock held in street name).
1 unchanged sentence
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into any filings under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
−Removed: The graph below compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the Philadelphia Semiconductor Index since February 3, 2018 through January 28, 2023.
+Added: The graph below compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the Philadelphia Semiconductor Index (“PHLX”) since February 2, 2019 through February 3, 2024.
The graph compares a $100 investment on February 2, 2019 in our common stock with a $100 investment on February 2, 2019 in each index and assumes that any dividends were reinvested.
16 unchanged sentences
The shares of Marvell common stock were issued in a private placement pursuant to Rule 4(a)(2) of the Securities Act.
+Added: There were no sales of unregistered equity securities during fiscal 2024.
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: We did not purchase any shares of our common stock for the three months ended January 28, 2023.
−Removed: We have $449.5 million of repurchase authority remaining under our current share repurchase program.
+Added: The following table presents details of our stock repurchases during the three months ended February 3, 2024 (in millions, except per share data):
+Added: 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)
+Added: October 29, 2023 to November 25, 2023
+Added: — $ — — $ 399.5
+Added: November 26, 2023 to December 23, 2023
+Added: — $ — — $ 399.5
+Added: December 24, 2023 to February 3, 2024
+Added: 1.6 $ 62.72 1.6 $ 299.5
+Added: Total 1.6 $ 62.72 1.6
+Added: (1) The monthly periods presented above for the three months ended February 3, 2024, are based on our fiscal accounting periods which followed a 4-4-6 week fiscal accounting period for the three months ended February 3, 2024.
+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: The stock repurchase program replaced in its entirety the prior $3.3 billion stock repurchase program.
+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.
+Added: Subsequent to fiscal year end, in March 2024, our Board of Directors increased the repurchase program mentioned above and authorized an additional $3.0 billion to that repurchase program.
+Added: From August 2010 when our Board of Directors initially authorized a stock repurchase program through February 3, 2024, a total of 312.9 million shares have been repurchased under the Company’s stock repurchase program for a total $4.5 billion in cash and $299.5 million remains available for future stock repurchases.
+Added: Subsequent to fiscal year end, with the additional authorized $3.0 billion to the repurchase program, $3.3 billion remains available for future stock repurchases as of March 6, 2024.
Our stock repurchase program is subject to market conditions, legal restrictions and regulations, and other factors, and does not obligate the Company to repurchase any dollar amount or number of shares of its common stock and the repurchase program may be extended, modified, suspended or discontinued at any time.
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.