Garmin Ltd.
Garmin Announces Quarterly Dividend and Shareholder Approvals
Summary
On June 6, 2025, Garmin Ltd. held its annual general meeting where shareholders approved the 2024 Annual Report, the appropriation of available earnings, and a cash dividend of $3.60 per share payable in four equal installments. Additionally, shareholders re-elected six directors, the law firm of Wuersch & Gering LLP as independent voting rights representative, and ratified the appointment of Ernst & Young LLP as Garmin's Independent Registered Public Accounting Firm for the fiscal year ending December 27, 2025. Shareholders also passed advisory resolutions approving the compensation of Garmin's Named Executive Officers and Garmin's Swiss Statutory and Non-Financial Matters Reports for the fiscal year ended December 28, 2024. Furthermore, shareholders approved the renewal of Garmin's existing capital band by giving the Board of Directors' authority to issue new shares or cancel shares for a one-year period ending on June 5, 2026.
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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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