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As filed with the Securities and Exchange Commission on February 28, 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.
2000 EMPLOYEE STOCK PURCHASE PLAN
(Full Title of Plan)
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MATTHEW GLOSS
GENERAL 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
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PROPOSED PROPOSED
MAXIMUM MAXIMUM
AMOUNT OFFERING AGGREGATE AMOUNT OF
TITLE OF SECURITIES TO BE PRICE OFFERING REGISTRATION
TO BE REGISTERED REGISTERED(1) PER SHARE(2) PRICE(2) FEE
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Common Stock, $0.002 par value 500,000(3) $20.9375 $10,468,750 $2,617.19
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(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 2000 Employee Stock Purchase Plan.
(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 22, 2001.
(3) 1,500,000 shares are issuable under the 2000 Employee Stock Purchase
Plan. In addition to the 500,000 shares registered hereby, 1,000,000
shares of the Company's Common Stock issuable under the 2000 Employee
Stock Purchase 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
500,000 shares of the Company's common stock, par value $0.002 per share
("Common Stock"), issuable to eligible employees of the Company and certain
affiliates under the Marvell Technology Group Ltd. 2000 Employee Stock Purchase
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 22, 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.
NAME AND SIGNATURE TITLE DATE
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\s\ Sehat Sutardja Co-Chairman of the Board, President, February 22, 2001
------------------------------------ and Chief Executive Officer
Sehat Sutardja (Principal Executive Officer)
\s\ George Hervey Vice President of Finance and February 22, 2001
------------------------------------ Chief Financial Officer (Principal
George Hervey Financial and Accounting Officer)
\s\ Weili Dai Executive Vice President, February 22, 2001
------------------------------------ Secretary and Director
Weili Dai
\s\ Pantas Sutardja Vice President and Director February 22, 2001
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Pantas Sutardja
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Co-Chairman of the Board February __, 2001
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Diosdado P. Banatao
\s\ Herbert Chang Director February 22, 2001
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Herbert Chang
\s\ John M. Cioffi Director February 23, 2001
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John M. Cioffi
\s\ Paul R. Gray Director February 22, 2001
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Paul R. Gray
\s\ Ron Verdoorn Director February 22, 2001
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Ron Verdoorn
Director February __, 2001
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Avigdor Willenz
Director February __, 2001
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Manuel Alba
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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).