--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-027520" form_type: "8-K" ticker: "GRMN" cik: "0001121788" company_name: "GARMIN LTD" filed_at: "2023-06-12T23:59:59+00:00" generated_at: "2026-06-14T02:43:08.224652+00:00" event_type: "dividend" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Garmin shareholders approve $2.92 annual dividend payable in four quarterly installments through March 2024 ## Summary - Dividend of $0.73 per share quarterly; first installment payable June 30, 2023 to holders of record June 20, 2023. - Remaining installments: Sept 29, Dec 29, 2023; March 29, 2024; record dates Sept 15, Dec 15, 2023; March 15, 2024. - Shareholders approved increase in ESPP shares from 8M to 10M and director plan from 122,592 to 150,000 shares. - All six incumbent directors re-elected, executive chairman Min H. Kao re-elected, and Ernst & Young ratified as auditor. - Shareholders approved reduction in nominal value, change of share capital currency to USD, and capital band provision. ## SEC filing metadata - accession: 0000950170-23-027520 - form_type: 8-K - ticker: GRMN - cik: 0001121788 - company_name: GARMIN LTD - filed_at: 2023-06-12T23:59:59+00:00 - event_type: dividend - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/grmn-20230609.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-027520 - JSON: https://secwatch.observer/filing/0000950170-23-027520.json - Plain text: https://secwatch.observer/filing/0000950170-23-027520.txt ## Key facts - Shareholder Votes GARMIN LTD shareholders approved Advisory resolution approving compensation of Named Executive Officers at the 2023-06-09 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders passed an advisory resolution approving the compensation of Garmin’s Named Executive Officers. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Re-election of members of the Compensation Committee at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders re-elected the four individuals listed below as members of the Compensation Committee, each for a term extending until completion of the 2024 annual general meeting. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Approval of share cancellation and capital reduction at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders approved the cancellation of shares repurchased under Garmin’s share repurchase program and a corresponding reduction in Garmin’s share capital. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2023-06-09 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders passed an advisory resolution to hold an advisory vote on compensation of Garmin’s Named Executive Officers every one year. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Discharge of Board and Executive Management from liability at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: Burrell 103,915,033 32,581,415 78,848 26,857,501 Joseph H. Hartnett 113,693,292 22,799,274 82,730 26,857,501 Min H. Kao 132,259,987 4,237,403 77,907 26,857,501 Catherine A. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Re-election of directors at the 2023-06-09 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders re-elected the six individuals listed below as directors, each for a term extending until completion of the 2024 annual general meeting. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Payment of cash dividend of $2.92 per share at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders approved the payment of a cash dividend in the aggregate amount of U.S. $2.92 per outstanding share out of Garmin’s reserve from capital contribution in four equal installments. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Appropriation of available earnings at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders approved the appropriation of available earnings. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Re-election of independent voting rights representative at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders re-elected the law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2024 annual general meeting. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Approval of 2022 Annual Report at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders approved Garmin’s 2022 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 31, 2022 and Garmin’s statutory financial statements for the fiscal year ended December 31, 2022. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Re-election of Min H. Kao as Executive Chairman at the 2023-06-09 meeting. - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders re-elected Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2024 annual general meeting. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm - Shareholder Votes GARMIN LTD shareholders approved Ratification of Ernst & Young as auditor at the 2023-06-09 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-06-09 source text: The shareholders ratified the appointment of Ernst & Young LLP as Garmin’s independent registered public accounting firm for Fiscal Year 2023 and re-elected Ernst & Young Ltd as Garmin’s statutory auditor for another one-year term. evidence_url: https://www.sec.gov/Archives/edgar/data/1121788/000095017023027520/0000950170-23-027520-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.