Marvell Technology (MRVL) AGM 2025 summary

Opening remarks and agenda

• The meeting was called to order at 9:00 A.M. Pacific time, with technical support available for participants.

• Attendance included the CEO, CFO, Chief Legal Officer, SVP of Investor Relations, Deloitte & Touche LLP, and the Inspector of Election, with other officers and directors joining by phone.

• The meeting followed the company's bylaws and Delaware law, with rules and agenda posted online.

• Notice of the meeting and proxy materials were mailed to stockholders of record as of April 17, 2025.

• A quorum was established with 84% of outstanding shares represented.

Shareholder proposals

• Four proposals were considered: election of eight directors, advisory approval of executive compensation, ratification of Deloitte & Touche as auditor, and a stockholder proposal for an independent board chairman.

• The stockholder proposal advocated separating the roles of chairman and CEO, citing best practices and examples from other large companies.

• The board recommended voting against the independent chairman proposal.

Overview of voting outcomes

• All eight director nominees were elected.

• Executive compensation was approved on an advisory basis.

• Deloitte & Touche was ratified as the independent auditor.

• The stockholder proposal for an independent board chairman was not approved.