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MXL > SEC Filings for MXL > Form 8-K on 9-Nov-2012All Recent SEC Filings

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Other Events

Item 8.01. Other Events.

On November 6, 2012, we received favorable closure of our remaining US Export Compliance related matter, having received a warning letter from the Bureau of Industry and Security, or BIS, of the U.S. Department of Commerce relating to the voluntary disclosures we made earlier this year concerning export compliance matters. The letter indicated that BIS was closing the matter with the issuance of the warning letter, subject to our continued compliance with applicable export control regulations.

As a result of the warning letter, during the fourth quarter of 2012, we intend to reverse a remaining accrual of $250,000 relating to potential fines and penalties arising from our voluntary disclosures.


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