Attached files
file | filename |
---|---|
EX-99.1 - GARMIN LTD | v177436_ex99-1.htm |
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 17,
2010
Garmin
Ltd.
(Exact
name of registrant as specified in its charter)
Cayman
Islands
(State
or other jurisdiction of
incorporation)
|
0-31983
(Commission
File
Number)
|
98-0229227
(I.R.S.
Employer
Identification
No.)
|
P.O.
Box 10670, Grand Cayman KY1-1006
Suite
3206B, 45 Market Street, Gardenia Court
Camana
Bay, Cayman Islands
(Address
of principal executive office)(Zip Code)
(345)
640-9050
(Registrant's
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
x Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 8.01
|
Other
Events.
|
On March
17, 2010, the Company issued a press release announcing a proposal to change the
Company's place of incorporation from the Cayman Islands to Switzerland pursuant
to a scheme of arrangement ("Scheme of Arrangement") under Cayman Islands law,
which, upon effectiveness, would result in a newly formed Swiss company, also
called Garmin Ltd., that would replace the existing Cayman Islands company as
the ultimate public holding company of the Garmin group. The Scheme
of Arrangement requires the approval of the shareholders of the Company and the
Grand Court of the Cayman Islands.
Also in that press release, the Company
announced that its board of directors approved the payment of a 2010 annual cash
dividend in the amount of $1.50 per share, a one-time increase from $0.75 per
share. The dividend is payable to shareholders of record on April 15, 2010 and
will be paid on April 30, 2010.
A copy of
the press release is attached hereto as Exhibit 99.1 and is incorporated by
reference.
Item 9.01
|
Financial
Statements and Exhibits.
|
Exhibits.
|
|||
Exhibit No.
|
Description
|
||
99.1
|
Press
Release dated March 17,
2010
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
Garmin
Ltd.
|
||
By:
|
/s/ Andrew R. Etkind | |
Andrew
R. Etkind
Vice
President, General Counsel and
Secretary
|
Date:
March 17, 2010
EXHIBIT
INDEX
Exhibit
Number
|
Description
|
|
99.1
|
Press
Release dated March 17,
2010
|