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29
On May 16, 2005, Encyclopedia Britannica, Inc. filed suit in the United States District Court for the Western
District of Texas, Austin Division, against the Company’s wholly owned subsidiary Garmin International, Inc.
(“Garmin International”) and five other unrelated companies, alleging infringement of U.S. Patent No. 5,241,671.
Garmin International has filed responsive pleadings and the parties have agreed to stay discovery pending a claim
construction ruling by the court. On December 30, 2005, Garmin International filed a Motion for Summary
Judgment for Claim Invalidity Based on Indefiniteness. On March 1, 2006 the Court held a hearing on construction
of the claims of the patent in suit. Although there can be no assurance that an unfavorable outcome of this dispute
would not have a material adverse effect on our business, financial condition and results of operations, we believe
that the claims are without merit and we will vigorously defend the action.
From time to time the Company 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 2005.
Executive Officers and Significant Employees of the Company
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 9, 2006.
Dr. Min H. Kao, age 57, 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 President of Garmin International, Inc. since March
2002, 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. Dr. Kao
has been President of Garmin USA, Inc. since March 2002 and a director of Garmin USA, Inc. since December
2001. Dr. Kao has been President of Garmin AT, Inc. and a director of Garmin AT, Inc. since August 2003. 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, and a director of Garmin N.V. and Garmin B.V. since 2005. 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.
Kevin S. Rauckman, age 43, has served as Chief Financial Officer and Treasurer of Garmin Ltd. since
August 2000. He has been Director of Finance and Treasurer of Garmin International, Inc. since January 1999 and a
director of Garmin International, Inc. since April 2001. He has been Treasurer and a director of Garmin USA, Inc.
since December 2001. Mr. Rauckman has been Chief Financial Officer and Treasurer and a director of Garmin AT,
Inc. since August 2003. Mr. Rauckman has been a director of Garmin Corporation since July 2004. Mr. Rauckman
has been a director of Garmin (Europe) Ltd. since July 2004. Mr. Rauckman holds BS and MBA degrees in
Business from the University of Kansas.
Andrew R. Etkind, age 50, has served as General Counsel and Secretary of Garmin Ltd. since August
2000. He has been General Counsel of Garmin International, Inc. since February 1998 and Secretary since October
1998. He has been General Counsel and Secretary of Garmin USA, Inc. since December 2001. Mr. Etkind has been
General Counsel and Secretary of Garmin AT, Inc. since August 2003. He has been Secretary of Garmin (Europe)
Ltd. since March 2001 and a director of Garmin N.V. since 2005. Mr. Etkind holds BA, MA and LLM degrees
from Cambridge University, England and a JD degree from the University of Michigan Law School.