Marvell Receives Nasdaq Staff Determination Letter

Marvell Technology Group Ltd. announced that, as a result of its delayed filing of its Form 10-K for fiscal 2016, as disclosed in the Form 12b-25 filed on March 31, 2016, Marvell received notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC that this matter serves as an additional basis for delisting Marvell’s securities from the Nasdaq Stock Market, which will be considered at Marvell’s upcoming hearing before the Nasdaq Hearings Panel.  

Marvell is scheduled for a hearing before the Panel on April 14, 2016. The Panel granted Marvell’s request for the company’s shares to remain trading on Nasdaq pending the hearing and a final determination following the hearing.

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