S-8: Securities to be offered to employees in employee benefit plans
Published on February 21, 2001
As filed with the Securities and Exchange Commission on February 21, 2001
Registration No. 333-_____
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
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MARVELL TECHNOLOGY GROUP LTD.
(Exact name of Registrant as Specified in Its Charter)
BERMUDA 77-0481679
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
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RICHMOND HOUSE,
3RD FLOOR
12 PAR LA VILLE ROAD
HAMILTON HM DX
BERMUDA
(441) 296-6395
(Address, including Zip Code, and Telephone Number,
including Area Code, of Registrant's Principal Executive Offices)
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MARVELL TECHNOLOGY GROUP LTD.
AMENDED AND RESTATED
1995 STOCK OPTION PLAN
(Full Title of Plan)
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MATTHEW GLOSS
CORPORATE COUNSEL
MARVELL SEMICONDUCTOR, INC.
645 ALMANOR AVENUE
SUNNYVALE, CALIFORNIA 94085
(408) 222-2500
(Name, Address, including Zip Code, and Telephone Number,
including Area Code, of Agent for Service)
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CALCULATION OF REGISTRATION FEE
(1) Pursuant to Rule 416(a) of the Securities Act, this Registration Statement
also covers shares issued pursuant to antidilution provisions set forth in
the stock option plan listed above.
(2) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457 of the Securities Act. The proposed maximum offering
price per share and the proposed maximum aggregate offering price are based
upon the average of the high and low sales prices of the Registrant's common
stock, as reported on the Nasdaq National Market on February 20, 2001.
(3) 38,268,553 shares are issuable under the Plan. In addition to the 8,768,553
shares registered hereby, 29,500,000 shares of the Company's Common Stock
issuable under the Plan were previously registered under the Registration
Statement on Form S-8 (Registration No. 333-40154) as filed with the
Securities and Exchange Commission on June 26, 2000.
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INTRODUCTION
This Registration Statement on Form S-8 is filed by Marvell Technology
Group Ltd., a Bermuda corporation (the "Company"), to register an additional
8,768,553 shares of the Company's common stock, par value $0.002 per share
("Common Stock"), issuable to holders of options issued under the Marvell
Technology Group Ltd. Amended and Restated 1995 Stock Option Plan (the "Plan"),
and consists of only those items required by General Instruction E to Form S-8.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
ITEM 1. PLAN INFORMATION.*
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL INFORMATION.*
* Information required by Part I of Form S-8 to be contained in the Section
10(a) prospectus is omitted from this Registration Statement in accordance
with Rule 428 under the Securities Act of 1933, as amended (the "Securities
Act"), and the Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
In accordance with General Instruction E to Form S-8, the contents of
the Company's Registration Statement on Form S-8 (Registration No. 333-40154)
previously filed by the Company with the Securities and Exchange Commission on
June 26, 2000, is incorporated herein by reference and made a part hereof.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Bermuda law permits a company to indemnify its directors and officers,
except for any act of fraud or dishonesty. Marvell has provided in its Bye-laws
that the directors and officers and the liquidators and trustees, if any, of
Marvell will be indemnified and secured harmless to the full extent permitted by
law out of the assets of Marvell from and against all actions, costs, charges,
losses, damages and expenses incurred by reason of any act done, concurred in or
omitted in or about the execution of their duties or supposed duties, or in
their respective offices or trusts, and none of them shall be answerable for the
acts, receipts, neglects or defaults of the others of them or for joining in any
receipts for the sake of conformity, or for any bankers or other persons with
whom any moneys or effects belonging to Marvell shall or may be lodged or
deposited for safe custody, or for insufficiency or deficiency of any security
upon which any moneys of or belonging to Marvell shall be placed out on or
invested, or for any other loss, misfortune or damage which may happen in the
execution of their respective offices or trusts, or in relation thereto, other
than in the case of any fraud or dishonesty. In addition, Marvell has provided
in its Bye-laws that each shareholder of Marvell agrees to waive any claim or
right of action, individually or in the right of Marvell, against any director
or officer of Marvell on account of any action taken by such director or
officer, or the failure of such director or officer to take any action, in the
performance of his duties with or for Marvell, other than with respect to any
matter involving any fraud or dishonesty on behalf of such director or officer.
Marvell's Bye-laws provide that the waiver is not applicable to claims arising
under United States federal securities laws.
Bermuda law also permits Marvell to purchase insurance for the benefit
of its directors and officers against any liability incurred by them for the
failure to exercise the requisite care, diligence and skill in the exercise of
their powers and the discharge of their duties, or indemnifying them in respect
of any loss arising or liability incurred by them by reason of negligence,
default, breach of duty or breach of trust. Marvell has indemnification
insurance for its officers and directors.
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ITEM 8. EXHIBITS.
Exhibit No. Description
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5.1 Opinion of Conyers Dill & Pearman.
23.1 Consent of PricewaterhouseCoopers LLP, independent accountants.
23.2 Consent of Conyers Dill & Pearman (contained in Exhibit 5.1
hereto).
24.1 Power of Attorney (contained on signature page hereto).
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Company
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Sunnyvale, State of California, on February 20, 2001.
MARVELL TECHNOLOGY GROUP LTD.
By: /s/ SEHAT SUTARDJA
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Sehat Sutardja
President and Chief
Executive Officer
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints SEHAT
SUTARDJA and GEORGE HERVEY his or her true and lawful attorneys-in-fact and
agents, each acting alone, with full powers of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective amendments)
to this Registration Statement and to file the same, with all exhibits thereto,
and other documents in connection therewith, with the Commission, granting unto
said attorneys-in-fact and agents, each acting alone, full power and authority
to do and perform each and every act and thing requisite and necessary to be
done in and about the premises, as full to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, each acting alone, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.
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EXHIBIT INDEX
Exhibit No. Description
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5.1 Opinion of Conyers Dill & Pearman.
23.1 Consent of PricewaterhouseCoopers LLP, independent accountants.
23.2 Consent of Conyers Dill & Pearman (contained in Exhibit 5.1
hereto).
24.1 Power of Attorney (contained on signature page hereto).