GRMN - Garmin Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Garmin Ltd.

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

SectorTechnology
IndustryScientific & Technical Instruments
Full Time Employees13,000

Key Executives

NameTitlePayExercisedYear Born
Dr. Min-Hwan KaoCo-Founder & Exec. Chairman382.69kN/A1949
Mr. Clifton Albert PemblePres, CEO & Director932.8k1.08M1966
Mr. Douglas Gerard BoessenCFO, Principal Accounting Officer & Treasurer625.8kN/A1963
Mr. Andrew R. EtkindVP, Gen. Counsel & Sec.993.12k188.4k1956
Mr. Philip I. StraubExec. VP & MD of Aviation - Garmin International, Inc631.84kN/AN/A
Amounts are as of December 31, 2018 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. 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 systems; and action cameras, as well as mobile applications under the Garmin Drive and VIRB names. The Aviation segment provides flight display, navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, and in-cockpit and cloud connectivity products; datalink weather receivers and services; engine information, traffic collision avoidance, and terrain awareness and warning systems; wearables, portables, and apps; and training, simulation, flight planning/filing, premium trip, and aviation data services. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, and digital switching equipment. The Outdoor segment offers outdoor handhelds, smartwatches, golf devices, and dog tracking and training/pet obedience devices; Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms; and Connect IQ application development platform. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices. 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 July 29, 2019 is 9. The pillar scores are Audit: 1; Board: 10; 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.