Garmin 2009 Annual Report Download - page 59

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PARTII
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Item5.MarketfortheCompany’sCommonShares,RelatedShareholderMattersandIssuerPurchasesofEquity
Securities
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Garmin’scommonshareshavetradedontheNasdaqNationalMarketunderthesymbol“GRMN”sinceits
initialpublicofferingonDecember8,2000(the“IPO”).AsofFebruary19,2010,therewere293shareholdersof
record.
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TherangeofhighandlowclosingsalespricesofGarmin’scommonsharesasreportedontheNasdaq
StockMarketforeachfiscalquarteroffiscalyears2009and2008wasasfollows:
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High Low High Low
First Quarter $23.48 $15.17 $97.00 $53.10
Second Quarter $25.99 $19.74 $56.41 $40.90
Third Quarter $37.23 $22.67 $48.70 $32.11
Fourth Quarter $39.58 $26.84 $34.34 $15.22
December 27, 2008
Year Ended
December 26, 2009
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TheBoardofDirectorsdeclaredacashdividendof$0.75percommonsharetoshareholdersofrecordon
December1,2009whichwaspaidonDecember15,2009.TheBoardofDirectorsdeclaredacashdividendof$0.75
percommonsharetoshareholdersofrecordonDecember1,2008whichwaspaidonDecember15,2008.
Garmincurrentlyexpectstopayacashdividendin2010.Thedecisionwhethertopayadividendandtheamount
ofthedividendwillbemadeclosertothepaymentdatebasedontheCompany’scashbalance,cashrequirements
andcashflowgeneration.
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TheBoardofDirectorsapprovedasharerepurchaseprogramonOctober22,2008,authorizingthe
Companytorepurchaseupto$300millionoftheCompany’ssharesasmarketandbusinessconditionswarrant.
ThissharerepurchaseauthorizationexpiredonDecember31,2009.
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Maximum Number of Shares (or
Approx. Dollar Value of Shares
Total # of Average Price in Thousands) That May Yet Be
Period Shares Purchased Paid Per Share Purchased Under the Plans or Programs
October 2009 - - $256,469
November 2009 590,000 $27.95 $239,978
December 2009 - - $-
Total 590,000 $27.95 $-
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WereferyoutoItem12ofthisreportunderthecaption“EquityCompensationPlanInformation”for
certainequityplaninformationrequiredtobedisclosedbyItem201(d)ofRegulationS‐K.
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StockPerformanceGraph
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Thisperformancegraphshallnotbedeemed‘‘filed’’withtheSECorsubjecttoSection18oftheSecurities
ExchangeActof1934,norshallitbedeemedincorporatedbyreferenceinanyofourfilingsunderthe
SecuritiesActof1933,asamended.