Business Context and Reporting Period
This Form 8-K filing by MaxLinear, Inc. reports on the results of the Annual Meeting of Stockholders held on June 8, 2020. The report was filed on June 9, 2020. The company is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol MXL.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, there are no values provided for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Voting Results
The filing details the outcomes of three matters submitted to a vote of security holders. Of the 72,356,711 shares outstanding as of April 27, 2020, approximately 96.58% were represented at the meeting.
- Election of Class II Directors: Three nominees were re-elected to serve until the 2023 annual meeting.
- Carolyn Beaver: Re-elected with 63,771,175 votes for.
- Albert J. Moyer: Re-elected with 48,571,264 votes for (notably, 15,315,398 votes were cast against).
- Theodore Tewksbury, Ph.D.: Re-elected with 53,031,885 votes for.
- Advisory Vote on Executive Compensation: Stockholders approved the compensation of named executive officers for the year ended December 31, 2019, with 61,151,043 votes for and 2,271,782 votes against.
- Ratification of Accounting Firm: The appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2020, was ratified with 69,786,787 votes for.
Guidance, Outlook, and Risks
This filing does not contain management commentary, financial guidance, outlook, or specific risk factors. It is strictly a disclosure of voting results.
Key Facts for Investor Verification
- Verify the significant number of "Against" votes cast for director nominee Albert J. Moyer (approx. 22% of votes cast on that item).
- Confirm the ratification of Grant Thornton LLP as the auditor for the 2020 fiscal year.
- Note that this document contains no financial results; refer to the company's 10-Q or 10-K filings for financial performance data.