GARMIN LTD. (NASDAQ:GRMN) Files An 8-K Other Events
Item 8.01. Other Events
On December 14, 2016, Garmin Ltd. (the Company) issued a press
release announcing that its Board of Directors authorized
anextension through December 31, 2017 of its current $300 million
Share Repurchase Program. There is currently $80.4 million
remaining for share repurchases under this current $300 million
Share Repurchase Program. The Company adopted a Rule 10b5-1 plan
in connection with the extended share repurchase authorization. A
copy of the press release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits. The following exhibits are furnished herewith.
| Exhibit No. | Description | |
| 99.1 | Press Release dated December 14, 2016 |
About GARMIN LTD. (NASDAQ:GRMN)
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It operates through five business segments: marine, outdoor, fitness, auto and aviation. Garmin offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products designed for use in outdoor activities. It offers products designed for use in fitness and activity tracking. It offers a range of products designed for use in the recreational marine industry. It offers products designed for use in the recreational marine industry. Its aviation product line includes GPS-enabled navigation and very high frequency (VHF) communications transmitters/receivers. GARMIN LTD. (NASDAQ:GRMN) Recent Trading Information
GARMIN LTD. (NASDAQ:GRMN) closed its last trading session down -0.47 at 49.24 with 1,683,508 shares trading hands.