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EX-99.1 - EX-99.1 - BROADCOM CORPa59464exv99w1.htm
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
     
Date of Report (Date of Earliest Event Reported): May 5, 2011
Broadcom Corporation
(Exact name of registrant as specified in its charter)
         
California   000-23993   33-0480482
         
(State or other jurisdiction   (Commission   (I.R.S. Employer
of incorporation)   File Number)   Identification No.)
     
5300 California Avenue, Irvine,
California
 
92617 
     
(Address of principal executive offices)   (Zip Code)
     
Registrant’s telephone number, including area code: (949) 926-5000
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


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Item 5.07 Submission of Matters to a Vote of Security Holders
Item 8.01 Other Events
Item 9.01 Financial Statements and Exhibits
SIGNATURES
EX-99.1


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Item 5.07 Submission of Matters to a Vote of Security Holders.
(a) Broadcom Corporation (the “Company”) held its 2011 Annual Meeting of Shareholders (“2011 Annual Meeting”) on May 5, 2011. Each holder of the Company’s Class A common stock was entitled to one vote per share held, and each holder of Class B common stock was entitled to ten votes per share held.
(b) Proposal 1: At the 2011 Annual Meeting the shareholders elected each of the following nominees as directors, to serve on the Company’s Board of Directors until the next annual meeting of shareholders and/or until their successors are duly elected and qualified. Each nominee received affirmative votes from more than a majority of the votes cast. The vote for each director was as follows:
                               
    Total Affirmative Votes (1)   Total Withheld Votes (2)   Total Broker Non-Votes (3)
Nancy H. Handel
    633,775,560       1,076,247       58,013,049  
Eddy W. Hartenstein
    590,192,226       44,659,581       58,013,049  
Maria Klawe, Ph.D.
    633,546,688       1,305,119       58,013,049  
John E. Major
    590,474,159       44,377,648       58,013,049  
Scott A. McGregor
    632,753,000       2,098,807       58,013,049  
William T. Morrow
    593,076,693       41,775,114       58,013,049  
Henry Samueli, Ph.D.
    630,491,201       4,360,606       58,013,049  
John A.C. Swainson
    632,238,344       2,613,463       58,013,049  
Robert E. Switz
    633,063,435       1,788,372       58,013,049  
 
(1)   Includes (i) 270,259,110 Class B votes for Ms. Handel, Mr. McGregor, Dr. Samueli and Messrs. Swainson and Switz; (ii) 269,984,740 Class B votes for each of Messrs. Hartenstein and Morrow; (iii) 270,239,990 Class B votes for Dr. Klawe; and (iv) 269,965,620 Class B votes for Mr. Major.
 
(2)   Includes (i) 274,370 Class B votes withheld for each of Messrs. Hartenstein and Morrow; (ii) 19,120 Class B votes withheld for Dr. Klawe; and (iii) 293,490 Class B votes withheld for Mr. Major. No Class B votes were withheld for Ms. Handel, Dr. Samueli or Messrs. McGregor, Swainson or Switz.
 
(3)   Includes 1,895,310 Class B broker non-votes for each nominee.
Proposal 2: At the 2011 Annual Meeting the shareholders approved the compensation of the Company’s named executive officers, as described in the proxy statement, and cast their votes as follows:
                         
    Class A   Class B    
    Votes   Votes   Total Votes
For
    316,443,911       269,965,620       586,409,531  
Against
    47,539,220       293,490       47,832,710  
Abstain
    609,566       0       609,566  
Broker Non-Votes
    56,117,739       1,895,310       58,013,049  
Proposal 3: At the 2011 Annual Meeting the shareholders approved a three year vote on the frequency of future advisory votes on executive compensation and cast their votes as follows:
                         
    Class A   Class B    
    Votes   Votes   Total Votes
One Year
    279,108,006       1,630,770       280,738,776  
Two Years
    10,073,740       0       10,073,740  
Three Years
    74,815,842       268,628,340       343,444,182  
Abstain
    595,109       0       595,109  
Broker Non-Votes
    56,117,739       1,895,310       58,013,049  

 


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Proposal 4: At the 2011 Annual Meeting the shareholders also voted to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2011 and cast their votes as follows:
                         
    Class A   Class B    
    Votes   Votes   Total Votes
For
    419,370,821       272,154,420       691,525,241  
Against
    510,546       0       510,546  
Abstain
    829,069       0       829,069  
Broker Non-Votes
    N/A       N/A       N/A  
Item 8.01 Other Events.
On May 6, 2011, the Company issued a related press release announcing the elections of Dr. Samueli and Dr. Klawe to the Board on May 5, 2011. The full text of the press release is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated May 6, 2011 of the Registrant.

 


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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  Broadcom Corporation
 
 
May 9, 2011  By:   /s/ Eric K. Brandt    
    Name:   Eric K. Brandt   
    Title:   Executive Vice President and
Chief Financial Officer