GARMIN LTD. 2023-2024 Proxy Voting Records

Description as filed by funds: Re-election of Wuersch & Gering LLP as independent voting rights representative.

GARMIN LTD.’s own tally for this item (“Proposal 8: The shareholders re-elected the law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2025 annual general meeting.”): 167,288,852 for, 94,484 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 133 asset managers below reported 46,614,368 for, 6,023 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

The 133 asset managers below reported 46,535,576 for, 79,325 against, 6,023 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

Description as filed by funds: Re-election of five directors and election of one new director: Clifton A. Pemble

GARMIN LTD.’s own tally for this item (“Elect Director: Clifton A. Pemble”): 139,520,552 for, 2,332,609 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 133 asset managers below reported 46,583,864 for, 31,037 against, 6,023 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

The 133 asset managers below reported 43,768,838 for, 2,846,063 against, 6,023 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

The 133 asset managers below reported 39,505,637 for, 7,109,264 against, 6,023 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

Description as filed by funds: Re-election of five directors and election of one new director: Min H. Kao

GARMIN LTD.’s own tally for this item (“Elect Director: Min H. Kao”): 137,439,204 for, 4,415,751 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of GARMIN LTD.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Elect Min H. Kao as Board Chair” (5 managers, 40,458 for, 1,186 abstained).

The 133 asset managers below reported 46,488,815 for, 126,086 against, 6,023 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

The 133 asset managers below reported 46,593,646 for, 9,391 against, 17,887 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

Description as filed by funds: Discharge of the members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 30, 2023.

GARMIN LTD.’s own tally for this item (“4. The shareholders discharged the members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 30, 2023”): 111,766,902 for, 770,898 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 130 asset managers below reported 46,557,701 for, 11,864 against, 9,182 abstained.

Showing the 25 largest of 130 asset managers. See all 130 in the interactive database.

The 122 asset managers below reported 46,430,054 for, 79,236 against, 4,837 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

The 122 asset managers below reported 45,096,581 for, 1,400,845 against, 16,701 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

The 122 asset managers below reported 46,404,269 for, 105,021 against, 4,837 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

The 122 asset managers below reported 46,499,899 for, 9,391 against, 4,837 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

The 81 asset managers below reported 41,723,746 for, 78,280 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

Description as filed by funds: Re-election of Min H. Kao as Executive Chairman

GARMIN LTD.’s own tally for this item (“Elect Director: Min H. Kao”): 137,439,204 for, 4,415,751 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 53 asset managers below reported 3,512,072 for, 1,259,812 against, 4,837 abstained.

Showing the 25 largest of 53 asset managers. See all 53 in the interactive database.

Description as filed by funds: Renewal of Capital Band.

GARMIN LTD.’s own tally for this item (“16. The renewal of Garmin's existing capital band by giving the Board of Directors' authority to issue new shares and/or to cancel shares or reduce the nominal value of the shares thereunder for a one-year period ending ”): 161,996,847 for, 5,335,400 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved the renewal of Garmin's existing capital band by giving the Board of Directors' authority to issue new shares and/or to cancel shares or reduce the nominal value of the shares thereunder for a one-year period ending on June 7, 2025.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 130 asset managers below reported 45,347,420 for, 1,231,860 against.

Showing the 25 largest of 130 asset managers. See all 130 in the interactive database.

Description as filed by funds: Approval of the payment of a cash dividend in the aggregate amount of $3.00 per outstanding share out of Garmin's reserve from capital contribution in four equal installments.

GARMIN LTD.’s own tally for this item (“3. The payment of a cash dividend in the aggregate amount of U.S”): 167,391,444 for, 102,245 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved the payment of a cash dividend in the aggregate amount of U.S. $3.00 per outstanding share out of Garmin's reserve from capital contribution in four equal installments.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 133 asset managers below reported 46,614,368 for, 6,023 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

Description as filed by funds: Advisory vote on the Swiss Statutory Non-Financial Matters Report.

GARMIN LTD.’s own tally for this item (“12. The shareholders passed an advisory resolution approving Garmin's Swiss Non-Financial Matters Report for the fiscal year ended December 30, 2023”): 166,583,799 for, 631,695 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 133 asset managers below reported 46,502,119 for, 18,322 against, 100,483 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

Description as filed by funds: Approval of Garmin's 2023 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 30, 2023 and the statutory financial statements of Garmin for the fiscal year ended December 30, 2023.

The 131 asset managers below reported 46,569,839 for, 4,071 against, 4,837 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.

Description as filed by funds: APPROVAL OF THE APPROPRIATION OF AVAILABLE EARNINGS.

GARMIN LTD.’s own tally for this item (“2. The appropriation of available earnings”): 167,339,574 for, 102,869 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2: The shareholders approved the appropriation of available earnings.”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 130 asset managers below reported 46,573,910 for, 4,837 abstained.

Showing the 25 largest of 130 asset managers. See all 130 in the interactive database.

Description as filed by funds: Binding vote to approve maximum aggregate compensation for the Board of Directors for the period between the 2024 annual general meeting and the 2025 annual general meeting.

GARMIN LTD.’s own tally for this item (“14. A binding vote to approve the maximum aggregate compensation for Garmin's Board of Directors for the period between the 2024 annual general meeting and the 2025 annual general meeting”): 141,588,655 for, 219,244 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved a binding vote to approve the maximum aggregate compensation for Garmin's Board of Directors for the period between the 2024 annual general meeting and the 2025 annual general meeting.”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 149 asset managers below reported 46,749,087 for, 21,683 against, 6,023 abstained.

Showing the 25 largest of 149 asset managers. See all 149 in the interactive database.

Description as filed by funds: AMENDMENT AND RESTATEMENT OF THE GARMIN LTD. 2005 EQUITY INCENTIVE PLAN.

GARMIN LTD.’s own tally for this item (“15. The amendment and restatement of Garmin's 2005 Equity Incentive Plan, primarily to increase the number of shares authorized under the Plan from 13,000,000 shares to 18,000,000 shares and to increase the maximum numbe”): 139,018,656 for, 2,802,679 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved the amendment and restatement of Garmin's 2005 Equity Incentive Plan, primarily to increase the number of shares authorized under the Plan from 13,000,000 shares to 18,000,000 shares and to increase the maximum number of shares that may be delivered as restricted shares or…”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 46,563,780 for, 44,381 against, 18,562 abstained.

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

Description as filed by funds: Advisory vote on the compensation of Garmin's Named Executive Officers.

GARMIN LTD.’s own tally for this item (“10. The shareholders passed an advisory resolution approving the compensation of Garmin's Named Executive Officers”): 133,533,973 for, 8,269,766 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 128 managers: 52,004,347 for, 1,515,295 against, 17,887 abstained. Showing the 25 largest; see all in the interactive database.

No total is shown for the institutional-manager reports: their sum exceeds the total votes cast at the meeting. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: Advisory vote on the Swiss Statutory Compensation Report.

GARMIN LTD.’s own tally for this item (“11. The shareholders passed an advisory resolution approving Garmin's Swiss Statutory Compensation Report for the fiscal year ended December 30, 2023”): 133,577,807 for, 8,228,732 against, per its Form 8-K filed June 11, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 128 managers: 45,093,297 for, 1,511,315 against, 6,023 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 108 managers: 3,268,402 for, 73,442 against, 61 unknown. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: Binding vote to approve Fiscal Year 2025 maximum aggregate compensation for the Executive Management.

GARMIN LTD.’s own tally for this item (“13. A binding vote to approve the Fiscal Year 2025 maximum aggregate compensation for Garmin's Executive Management”): 135,691,058 for, 5,926,735 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved a binding vote to approve the Fiscal Year 2025 maximum aggregate compensation for Garmin's Executive Management.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 128 managers: 45,206,344 for, 1,397,735 against, 6,023 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 33 managers: 540,362 for, 702 against, 16,599 not voted. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: Ratification of the appointment of Ernst & Young LLP as Garmin's Independent Registered Public Accounting Firm for the fiscal year ending December 28, 2024, and re-election of Ernst & Young Ltd as Garmin's statutory auditor for another one-year term.

GARMIN LTD.’s own tally for this item (“9. The appointment of Ernst & Young LLP as Garmin's independent registered public accounting firm for the fiscal year ending December 28, 2024 and re-elected Ernst & Young Ltd as Garmin's statutory auditor for another on”): 162,170,514 for, 5,283,043 against — passed, per its Form 8-K filed June 11, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders ratified the appointment of Ernst & Young LLP as Garmin's independent registered public accounting firm for the fiscal year ending December 28, 2024 and re-elected Ernst & Young Ltd as Garmin's statutory auditor for another one-year term.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 133 asset managers below reported 46,466,081 for, 148,820 against, 6,023 abstained.

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.