Business Context and Reporting Period
This Form 8-K filing by MaxLinear, Inc. reports a corporate governance event dated August 10, 2012. The report details the appointment of a new director to the company's board.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and director compensation policies rather than operational financial results.
Material Changes
The primary material change is the appointment of HK Desai as a Class I director, effective August 10, 2012. Mr. Desai will serve until the 2013 annual meeting of stockholders or until a successor is elected. He has been assigned to the audit and nominating and governance committees.
Guidance, Outlook, and Compensation
There is no guidance, outlook, or management commentary regarding future financial performance in this filing. The document outlines the compensation package for the new director:
- Cash Retainer: Base annual retainer of $35,000 for non-employee directors.
- Committee Fees: Additional compensation for audit committee ($9,000) and nominating and governance committee ($3,000) membership.
- Equity Grant: An aggregate of 10,223 shares of Class B Common Stock vesting by May 1, 2013, and an additional 14,134 shares vesting in three annual installments through 2015.
Investor Verification Checklist
- Verify the effective date of HK Desai's board appointment (August 10, 2012).
- Confirm the specific committees Mr. Desai has joined (Audit and Nominating and Governance).
- Review the total equity grant size (24,357 shares) and the vesting schedule.
- Check the attached press release (Exhibit 99.1) for any additional context on the appointment rationale.