On
March 10, 2011, Jonathan Chadwick, McAfee, Inc.’s (
“McAfee”) Chief Financial Officer, notified
McAfee of his intention to leave McAfee to pursue another opportunity. Mr. Chadwick has agreed to
continue working with McAfee to insure a smooth transition. McAfee has initiated a search for a
new chief financial officer. Dave DeWalt, McAfee’s President, will assume the duties of acting
chief financial officer until a new chief financial officer is named.
As disclosed in McAfee’s Current Report on Form 8-K filed
February 28, 2011, on
February 28, 2011,
pursuant to the terms of an Agreement and
Plan of Merger among Intel Corporation (
“Intel”),
Jefferson Acquisition Corporation, a wholly owned subsidiary of Intel (
“Merger Sub”), and McAfee,
Intel completed its acquisition of McAfee via the merger of Merger Sub with and into McAfee, with
McAfee continuing as the surviving company in the merger and becoming a wholly owned subsidiary of
Intel. McAfee will continue to be obligated to file reports on Form 8-K until that obligation is
suspended in connection with the removal of its common stock from listing and registration with the
New York Stock Exchange and the deregistration of its common stock under applicable provision of
the Securities Exchange Act of 1934, and suspension of the obligation to file reports on Form 8-K
is anticipated to occur by
March 14, 2011.