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Garmin Ltd. (GRMN)

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Garmin Ltd.

Mühlentalstrasse 2
Schaffhausen 8200
Switzerland
41 52 630 1600
http://www.garmin.com

SectorTechnology
IndustryScientific & Technical Instruments
Full Time Employees11,600

Key Executives

NameTitlePayExercisedAge
Dr. Min-Hwan Kao Ph.D.Co-Founder and Exec. Chairman381.75kN/A68
Mr. Clifton Albert PembleCEO, Pres & Director721.86k78.6k51
Mr. Douglas Gerard BoessenChief Financial Officer and Treasurer598.86kN/A54
Mr. Andrew R. EtkindVP, Gen. Counsel and Sec.920.63k57.45k61
Mr. Ted GartnerDirector of Corp. CommunicationsN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names. The Aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, automated logbook, voice and touch control, and other products and services; wearables, portables, and apps; and traffic collision avoidance, and terrain awareness and warning systems. It also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wrist-worn devices, sailing products, and entertainment products. The Outdoor segment offers outdoor handhelds, wearable devices, golf devices, and dog tracking and training/pet obedience devices. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

Corporate Governance

Garmin Ltd.’s ISS Governance QualityScore as of September 1, 2017 is 7. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 7; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.