Form 8-K · Current Report · Filed 2024-06-11
Garmin Ltd. Announces Dividend and Shareholder Approvals
On June 7, 2024, Garmin Ltd. announced that its shareholders approved several proposals at the annual general meeting, including the appropriation of available earnings, payment of a cash dividend of $3.00 per share in four installments, and re-election of directors. The company also amended its 2005 Equity Incentive Plan to increase authorized shares and maximum shares for performance units or restricted stock units.
- Filer
- Garmin Ltd. GRMN · NYSE
- Filed
- Accession
- 0000950170-24-071684
- CIK
- 0001121788
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Submission of Matters to a Vote of Security Holders
Other Events
Market reaction
Close before filing
$162.62
Next session
+1.0%
Since filing
+80.7%
Latest close
$293.78
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from GRMN reporting the same item, with the next session's move:
Exhibits (3)
About Garmin Ltd.
Garmin Ltd. is a global leader in the design and manufacture of navigation, communication, and information devices. Primarily recognized for its GPS technology, Garmin’s offerings span various sectors, including aviation, marine, automotive, fitness, and outdoor recreation. The company's products cater to diverse customers by providing innovative solutions like satellite navigation systems for cars, wearable fitness trackers for health enthusiasts, fish finders for marine applications, and avionics for aircraft. Founded in 1989 and headquartered in Switzerland, Garmin's commitment to highly precise and user-friendly products has cemented its role in enhancing personal navigation and fitness monitoring. Its influence extends across sectors by not only improving safety and efficiency but also by promoting active lifestyles globally. Garmin's strategic integration of advanced technology with practical applications makes it a pivotal player in both consumer electronics and professional device markets.
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