Business Context and Reporting Period
This Form 8-K is a current report filed by MaxLinear, Inc. on May 15, 2012, regarding events occurring on May 10 and May 15, 2012. The company is incorporated in Delaware and headquartered in Carlsbad, California.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and shareholder events rather than financial performance.
Material Changes
- Board Composition: David Liddle, Ph.D., a managing member of Presidio Management Group VIII, L.L.C., did not stand for reelection at the 2012 annual meeting of stockholders held on May 10, 2012.
- Share Distribution: On May 15, 2012, U.S. Venture Partners VIII, L.P., and USVP VIII Affiliates Fund, L.P. (investors since November 2004) authorized the distribution of 353,378 shares of Class A common stock to their partners.
- Effective Date: The share distribution is effective for trade upon the opening of the market on May 16, 2012.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The report is limited to the disclosure of the aforementioned shareholder distribution and board election result.
Investor Verification Checklist
- Verify the impact of the 353,378 share distribution on the company's total outstanding share count and potential market dilution.
- Confirm the current composition of the Board of Directors following David Liddle's decision not to stand for reelection.
- Review the trading volume and price action of MaxLinear stock on May 16, 2012, following the effective date of the distribution.