Garmin 2009 Annual Report Download - page 113

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PARTIII
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Item10.Directors,ExecutiveOfficersandCorporateGovernance
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GarminhasincorporatedbyreferencecertaininformationinresponseorpartialresponsetotheItemsunder
thisPartIIIofthisAnnualReportonForm10‐KpursuanttoGeneralInstructionG(3)ofthisForm10‐KandRule
12b‐23undertheExchangeAct.Garmin’sdefinitiveproxystatementinconnectionwithitsannualmeetingof
shareholdersscheduledforMay20,2010(the“ProxyStatement”)willbefiledwiththeSecuritiesandExchange
Commissionnolaterthan120daysafterDecember26,2009.
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(a) DirectorsoftheCompany
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TheinformationsetforthinresponsetoItem401ofRegulationS‐Kundertheheadings“Proposal1‐Election
ofTwoDirectors”and“TheBoardofDirectors”intheProxyStatementisherebyincorporatedhereinbyreference
inpartialresponsetothisItem10.
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(b) ExecutiveOfficersoftheCompany
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TheinformationsetforthinresponsetoItem401ofRegulationS‐Kundertheheading“ExecutiveOfficersof
theRegistrant”inPartIofthisForm10‐KisincorporatedhereinbyreferenceinpartialresponsetothisItem10.
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(c) CompliancewithSection16(a)oftheExchangeAct
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TheinformationsetforthinresponsetoItem405ofRegulationS‐Kundertheheading“Section16(a)
BeneficialOwnershipReportingCompliance”intheProxyStatementisherebyincorporatedhereinbyreferencein
partialresponsetothisItem10.
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(d) AuditCommitteeandAuditCommitteeFinancialExpert
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TheinformationsetforthinresponsetoItem402ofRegulationS‐Kundertheheading“TheBoardof
Directors ‐‐ AuditCommittee”intheProxyStatementisherebyincorporatedhereinbyreferenceinpartial
responsetothisItem10.
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Garmin’sBoardofDirectorshasdeterminedthatGeneM.Betts,CharlesW.Peffer,andThomasA.
McDonnell,membersofGarmin’sAuditCommittee,are“auditcommitteefinancialexperts”asdefinedbytheSEC
regulationsimplementingSection407oftheSarbanes‐OxleyActof2002.Mr.Betts,Mr.PefferandMr.McDonnell
areeach“independent”asdefinedbycurrentlistingstandardsoftheNasdaqStockMarket.
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(e) CodeofEthics
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 Garmin’sBoardofDirectorshasadoptedtheCodeofConductofGarminLtd.andSubsidiaries(the
“Code”).TheCodeisapplicabletoallGarminemployeesincludingtheChairmanandChiefExecutiveOfficer,the
PresidentandChiefOperatingOfficer,theChiefFinancialOfficer,theControllerandotherofficers.Acopyofthe
CodeisfiledasExhibit14.1tothisAnnualReportonForm10‐K.IfanyamendmentstotheCodearemade,orany
waiverswithrespecttotheCodearegrantedtotheChiefExecutiveOfficer,ChiefFinancialOfficerorController,
suchamendmentorwaiverwillbedisclosedinaForm8‐KfiledwiththeSecuritiesandExchangeCommission.
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