UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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, 2015.
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, 2015 | ||||||
Date: November 12, 2015 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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October 2, 2015
Dear Maxim Integrated Stockholders:
We are pleased to provide you with the enclosed Proxy Statement for our 2015 Annual Meeting and Annual Report on Form 10-K for our fiscal year ended June 27, 2015.
In fiscal year 2015, we achieved strong growth in our Automotive business and diversified our customer base. Our employees continued to develop innovative, differentiated technology, and this is providing a high return on our R&D investment. We reorganized our Company to enable our business units and sales teams to be more flexible and more responsive to customers, while also lowering our costs. We also announced plans to transform our manufacturing structure, which will improve gross margins with lower variability, enable us to be more responsive to changes in customer demand, and reduce our capital spending. Finally, we returned approximately 79% of free cash flow to stockholders in the form of dividends and share repurchases during fiscal year 2015. We recently increased the quarterly dividend by 7%, reflecting our confidence in our business model and ability to maintain high profitability throughout economic cycles.
In this 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 restated 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 enable equal representation for each share of Company stock, bringing us in line with other publicly traded companies.
Thank you for your continuing support, and we look forward to seeing you at the 2015 Annual Meeting.
Sincerely,
Tunç Doluca
President and Chief Executive Officer
Maxim Integrated