UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Maxim Integrated Products, Inc.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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*** Exercise Your Right to Vote ***
Important Notice Regarding the Availability of Proxy Materials for the
Shareholder Meeting to Be Held on November 12, 2014.
MAXIM INTEGRATED PRODUCTS, INC.
MAXIM INTEGRATED PRODUCTS, INC. ATTN: MARK CASPER 160 RIO ROBLES SAN JOSE, CA 95134 |
Meeting Information | |||||
Meeting Type: Annual Meeting | ||||||
For holders as of: September 18, 2014 | ||||||
Date: November 12, 2014 Time: 10:00 AM Pacific Time | ||||||
Location: Maxim Integrated Products, Inc. Event Center 160 Rio Robles San Jose, California 95134
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NOTICE AND PROXY STATEMENT ANNUAL REPORT ON FORM 10-K | ||||
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Voting Items
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October 3, 2014
Dear Maxim Integrated Stockholders:
I am pleased to provide you with the enclosed Proxy Statement for our 2014 Annual Meeting and Annual Report on Form 10-K for our fiscal year ended June 28, 2014.
We made significant progress against our companys strategy in fiscal year 2014. First, we successfully completed the acquisition of Volterra Semiconductor and have fully integrated Volterras operations with ours. Second, we achieved strong growth in our Automotive and Industrial businesses and continued to diversify our customer base in our Mobility business. Finally, we returned approximately 92% of free cash flow to stockholders in the form of dividends and share repurchases during the year. We recently increased the quarterly dividend by 8%, reflecting our confidence in our business model and ability to maintain high profitability throughout economic cycles.
As described in our Proxy Statement, we are asking for your support for various proposals, including modest share increases in our equity compensation plans and an amendment to our certificate of incorporation to eliminate the ability of stockholders to cumulate their votes in the election of directors. Our proposal to eliminate cumulative voting would bring us in line with other publicly traded companies as more than 95% of the companies listed on Nasdaq 100 and the Russell 1000 do not allow stockholders to cumulate their votes in the election of directors. We have also made other corporate governance enhancements, including the implementation of a majority voting standard in uncontested director elections and allowing stockholders to call a special meeting of stockholders.
Thank you for your continuing support, and we look forward to seeing you at the Annual Meeting.
Sincerely,
Tunç Doluca
President and Chief Executive Officer
Maxim Integrated