Form 8-K
Canon’s Court, 22 Victoria Street Canon’s Court, 22 Victoria Street false 0001058057 0001058057 2019-09-19 2019-09-19

 

 

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): September 19, 2019

 

MARVELL TECHNOLOGY GROUP LTD.

(Exact name of registrant as specified in its charter)

 

Bermuda

 

000-30877

 

77-0481679

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

Canon’s Court

22 Victoria Street

Hamilton HM 12

Bermuda

(Address of principal executive offices)

(441) 296-6395

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

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))

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.  

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 Shares

 

MRVL

 

The Nasdaq Stock Market, LLC

 

 


Item 8.01 Other Events.

On May 6, 2019, Marvell Technology Group Ltd. (“Marvell”) issued a press release announcing that it entered into a definitive merger agreement to acquire all outstanding shares of Aquantia Corp. (“Aquantia”) common stock. On September 19, 2019, Marvell issued a press release announcing that it completed the acquisition of Aquantia. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

  (d) Exhibits.
 

99.1

   

Press Release dated September 19, 2019

         
 

104

   

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 19, 2019

MARVELL TECHNOLOGY GROUP LTD.

     

By:

 

/s/ Mitchell Gaynor

 

Mitchell Gaynor

 

Executive Vice President, Chief Administration and Legal Officer and Secretary

EX-99.1

Exhibit 99.1

 

LOGO

Marvell Completes Acquisition of Aquantia

Accelerating Multi-Gig Ethernet Technology Leadership

SANTA CLARA, Calif. (September 19, 2019) – Marvell (NASDAQ: MRVL) today announced that it has completed its acquisition of Aquantia, Corp. (NYSE: AQ). Aquantia pioneered Multi-Gig technology – now the basis for high speed networking in a broad range of applications from enterprise campuses to autonomous cars. Marvell’s combined portfolio of industry-leading PHYs, switches and processors creates an unparalleled networking platform and enables customers to develop systems that span megabits to terabits per second.

“Our acquisition of Aquantia adds highly innovative networking solutions and tremendous engineering talent, allowing us to create an industry-leading mixed signal design team with a well-established track record of execution,” said Matt Murphy, president and CEO of Marvell. “We’re now better positioned to capitalize on market opportunities spanning our enterprise, data center and automotive customers. In particular, Marvell is poised to transform high speed in-vehicle networking and ultimately empower the future of autonomous driving.”

As part of the acquisition, Aquantia’s Chairman and CEO, Faraj Aalaei, is joining Marvell in a senior leadership position.

About Marvell

Marvell first revolutionized the digital storage industry by moving information at speeds never thought possible. Today, that same breakthrough innovation remains at the heart of the company’s storage, processing, networking, security and connectivity solutions. With leading intellectual property and deep system-level knowledge, Marvell’s semiconductor solutions continue to transform the enterprise, cloud, automotive, industrial and consumer markets. To learn more, visit: https://www.marvell.com.

Marvell Media Relations

Kristin Hehir

Senior Manager, Public Relations

408-222-8744

[email protected]

Hanna Kang

Senior Manager, Public Relations

408-222-3780

[email protected]