Marvell Receives Supplemental Nasdaq Notification

Marvell Technology Group Ltd. announced that, as a result of its previously announced delayed filing of its Form 10-Q for the third quarter of fiscal 2016, in accordance with the rules of The NASDAQ Stock Market, on December 14, 2015, it received a supplemental notice from NASDAQ that the company does not comply with NASDAQ’s listing rules for continued listing.

As previously disclosed, the company received notice on December 1, 2015 that the NASDAQ had granted the company an extension of time to March 8, 2016 to regain compliance with the continued listing rules. In its supplemental notice, NASDAQ requested that the company submit an update to its compliance plan previously filed with NASDAQ by January 13, 2016. The company intends to comply with this request and intends to take all necessary steps to achieve compliance with the NASDAQ continued listing requirements as soon as practicable.

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