Business Context and Reporting Period
Company: MaxLinear, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 27, 2012
Event Date: March 21, 2012 (Proxy Statement Filing)
Reporting Period: N/A (Event-based filing)
This filing addresses Item 8.01 (Other Events) regarding an update to the Company's corporate governance procedures for communicating with the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is non-financial in nature.
Material Changes
The Company updated its disclosure regarding communications with the Board of Directors to comply with New York Stock Exchange corporate governance rules. The material change is the explicit clarification that "interested parties," in addition to stockholders, may utilize the established method to communicate with the Board, Lead Director, committee chairmen, individual directors, or the non-management/independent directors as a group.
Guidance, Outlook, and Risks
- Management Commentary: The Chief Financial Officer (CFO) will monitor all written communications and provide a summary to the Board at each regularly scheduled quarterly meeting.
- Process Update: The CFO retains the discretion to seek immediate attention from the appropriate committee, non-management director, independent advisors, or management if the nature of a communication warrants it.
- Risks/Contingencies: No specific financial risks or contingencies are disclosed in this filing.
Key Facts for Investor Verification
- The filing clarifies that "interested parties" (not just stockholders) can communicate with the Board of Directors.
- Communications must be in writing or via fax to the CFO at the Carlsbad, CA headquarters.
- The Board generally meets on a quarterly basis to review these communications.
- No financial performance data or forward-looking guidance is included in this specific 8-K.