Form 8-K · Current Report · Filed 2024-02-09
Broadcom Appoints New Director and Announces Retirement of Existing Director
On February 5, 2024, Broadcom Inc. appointed Kenneth Y. Hao as an independent member of its Board of Directors, increasing the Board size to ten members. Mr. Hao, Chairman and Managing Partner of Silver Lake, was granted an initial restricted stock unit award valued at $53,279, which will vest based on his continued service. Additionally, Raul Fernandez, a current Board member, announced his decision not to stand for re-election at the 2024 Annual Meeting, though he will continue to serve until the meeting.
- Filer
- Broadcom Inc. AVGO · NASDAQ
- Filed
- Accession
- 0001140361-24-006724
- CIK
- 0001730168
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$127.48
Next session
-0.8%
Since filing
+205.4%
Latest close
$389.28
What happened, not what will happen — closing prices around the filing date.
About Broadcom Inc.
Broadcom Inc. is a diversified global technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Its primary function is to serve high-growth industries by providing technology that supports complex digital environments. Key sectors impacted by Broadcom’s products include data center, networking, broadband, wireless, and industrial markets. The company's semiconductor solutions are integral to networking systems, represented by products like ASICs and Bluetooth solutions, while its software solutions enhance critical infrastructure for businesses. Headquartered in San Jose, California, Broadcom maintains a significant presence in the tech industry due to its commitment to innovation and acquisition strategy, which has expanded its impact across a variety of computing and connectivity applications. By leveraging its expansive portfolio, Broadcom continues to enhance the capabilities of new technologies and supports advancements in digital communication and data management.
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