Garmin 2007 Annual Report Download - page 58

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On April 11, 2007, Mobile Traffic Systems Corporation filed a lawsuit in the United States District Court
for the Northern District of Alabama claiming that certain products of Garmin and the other defendants infringe U.S.
Patents Nos. 7,069,143 and 6,728,628 (the “Asserted Patents”). TrafficGauge, Inc. was subsequently added as a co-
plaintiff. On August 20, 2007, along with its initial answer, Garmin USA, Inc. filed counterclaims seeking
judgments declaring the Asserted Patents to be invalid and not infringed. On December 21, 2007, after the initial
discovery phase had progressed, Garmin USA, Inc. amended its answer and filed an additional counterclaim seeking
a judgment declaring the Asserted Patents to be unenforceable based on the inventor’s inequitable conduct before
the United States Patent Office during prosecution of the Asserted Patents. In January 2008 Cobra Electronics Corp.
announced that it had settled this lawsuit on undisclosed terms. The court has scheduled trial against the remaining
defendants to begin on November 17, 2008. Although there can be no assurance that an unfavorable outcome of this
litigation would not have a material adverse effect on our operating results, liquidity or financial position, Garmin
USA, Inc. believes that it should not be found liable for infringement of the Asserted Patents and additionally that
the Asserted Patents are invalid and unenforceable.
From time to time Garmin is involved in other legal actions arising in the ordinary course of our business.
We believe that the ultimate outcome of these actions will not have a material adverse effect on our business,
financial condition and results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of shareholders of Garmin during the fourth fiscal quarter of 2007.
Executive Officers of the Registrant
Pursuant to General Instruction G(3) of Form 10-K and instruction 3 to paragraph (b) of Item 401 of
Regulation S-K, the following list is included as an unnumbered Item in Part I of this Annual Report on Form 10-K
in lieu of being included in the Company’s Definitive Proxy Statement in connection with its annual meeting of
shareholders scheduled for June 6, 2008.
Dr. Min H. Kao, age 59, has served as Chairman of Garmin Ltd. since August 2004 and was previously
Co-Chairman of Garmin Ltd. from August 2000 to August 2004. He has served as Chief Executive Officer of
Garmin Ltd. since August 2002 and previously served as Co-Chief Executive Officer from August 2000 to August
2002. He has been President of Garmin Corporation since January 1999. He has also been Chairman and a director
of Garmin Corporation since January 1990. Dr. Kao has been Chief Executive Officer of Garmin International, Inc.
since October 2007, Chairman of Garmin International, Inc. since July 2004 and a director of Garmin International,
Inc. since August 1990. He served as Vice President of Garmin International, Inc. from April 1991 to March 2002,
and President of Garmin International, Inc. from March 2002 to October 2007. Dr. Kao has been Chairman and
Chief Executive Officer of Garmin USA, Inc. since October 2007, and a director of Garmin USA, Inc. since
December 2001. He served as President of Garmin USA, Inc. from March 2002 to October 2007, and as Vice
President of Garmin USA, Inc. from December 2001 to March 2002. Dr. Kao has been Chairman and Chief
Executive Officer of Garmin AT, Inc. since October 2007, and a director of Garmin AT, Inc. since August 2003. He
served as President of Garmin AT, Inc. from August 2003 to October 2007. He served as Vice President of Garmin
USA, Inc. from December 2001 to March 2002. Dr Kao has been a director of Garmin (Europe) Ltd. since 1992, a
director of Garmin N.V. and Garmin B.V. since 2005, a director of Garmin Singapore Pte. Ltd. since August 2006,
and a director of Dynastream Innovations, Inc, since December 2006, a director of Digital Cyclone, Inc. since
January 2007, and a director of each of Garmin Spain S.L.U., Garmin Iberia S.A. and Garmin Italia S.p.A. since
November 2007. Dr. Kao holds Ph.D. and MS degrees in Electrical Engineering from the University of Tennessee
and a BS degree in Electrical Engineering from National Taiwan University.
Clifton A. Pemble, age 42, has served as a director of Garmin Ltd. since August 2004, and as President and
Chief Operating Officer of Garmin Ltd. since October 2007. He has been a director of Garmin International, Inc.
and Garmin USA, Inc. since July 2004. He has been a director of Garmin Corporation and Garmin (Europe) Ltd.
since July 2004. Mr. Pemble has been a director of Garmin AT, Inc. since August 2003, a director of Dynastream
Innovations, Inc. since December 2006, a director of Digital Cyclone, Inc. since January 2007, and a director of each
of Garmin Spain S.L.U., Garmin Iberia S.A. and Garmin Italia S.p.A. since November 2007. He has been President