Garmin

GRMN · New York Stock Exchange · Consumer Discretionary

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Shareholder advocacy aimed at Garmin

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What shareholders voted on

From Garmin’s own filings with the SEC. Support is the share of votes cast for and against, so abstentions and broker non-votes are not counted in it.

2026

ItemKindAsked for bySupportOutcome
The shareholders passed an advisory resolution approving the compensation of Garmin’s Named Executive OfficersSay on pay95.4%Passed
Garmin’s 2025 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 27, 2025 and the statutory financial statements of Garmin for the fiscal year ended December 27, 2025Company proposal100%Passed
The payment of a cash dividend in the aggregate amount of U.S. $4.20 per outstanding share out of Garmin’s reserve from capital contribution in four equal installmentsCompany proposal99.9%Passed
The appropriation of available earningsCompany proposal99.9%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2027 annual general meetingCompany proposal99.9%Passed
A binding vote to approve the maximum aggregate compensation for Garmin’s Board of Directors for the period between the 2026 annual general meeting and the 2027 annual general meetingCompany proposal99.9%Passed
The shareholders passed a resolution approving Garmin’s Swiss Non-Financial Matters Report for the fiscal year ended December 27, 2025Company proposal99.7%Passed
The shareholders discharged members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 27, 2025Company proposal98.9%Passed
A binding vote to approve the Fiscal Year 2027 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal98.1%Passed
The shareholders passed an advisory resolution approving Garmin’s Swiss Statutory Compensation Report for the fiscal year ended December 27, 2025Company proposal95.8%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2027 annual general meetingCompany proposal93.6%Passed
The appointment of Ernst & Young LLP as Garmin’s Independent Registered Public Accounting Firm for the fiscal year ending December 26, 2026 and re-election of Ernst & Young Ltd as Garmin’s statutory auditor for another one-year termAuditor96.6%Passed
Election of Clifton A. PembleDirector99.5%Passed
Election of Susan M. BallDirector98.8%Passed
Election of Susan M. BallDirector98.7%Passed
Election of Catherine A. LewisDirector98.2%Passed
Election of Min H. KaoDirector98.2%Passed
Election of Catherine A. LewisDirector97.5%Passed
Election of Joseph J. HartnettDirector95.2%Passed
Election of Jonathan C. BurrellDirector92%Passed
Election of Jonathan C. BurrellDirector91%Passed
Election of Joseph J. HartnettDirector86.4%Passed

2025

ItemKindAsked for bySupportOutcome
The shareholders passed an advisory resolution approving the compensation of Garmin’s Named Executive OfficersSay on pay94.2%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2026 annual general meetingCompany proposal100%Passed
A binding vote to approve the maximum aggregate compensation for Garmin’s Board of Directors for the period between the 2025 annual general meeting and the 2026 annual general meetingCompany proposal99.9%Passed
The payment of a cash dividend in the aggregate amount of U.S. $3.60 per outstanding share out of Garmin’s reserve from capital contribution in four equal installmentsCompany proposal99.9%Passed
The appropriation of available earningsCompany proposal99.9%Passed
Garmin’s 2024 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 28, 2024 and the statutory financial statements of Garmin for the fiscal year ended December 28, 2024Company proposal99.8%Passed
The shareholders passed an advisory resolution approving Garmin’s Swiss Non-Financial Matters Report for the fiscal year ended December 28, 2024Company proposal99.6%Passed
The shareholders discharged members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 28, 2024Company proposal99%Passed
A binding vote to approve the Fiscal Year 2026 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal96.5%Passed
The shareholders passed an advisory resolution approving Garmin’s Swiss Statutory Compensation Report for the fiscal year ended December 28, 2024Company proposal94.8%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2026 annual general meetingCompany proposal92.7%Passed
The appointment of Ernst & Young LLP as Garmin’s Independent Registered Public Accounting Firm for the fiscal year ending December 27, 2025 and re-election of Ernst & Young Ltd as Garmin’s statutory auditor for another one-year termAuditor95.8%Passed
Election of Susan M. BallDirector98.9%Passed
Election of Clifton A. PembleDirector98.8%Passed
Election of Susan M. BallDirector98.8%Passed
Election of Catherine A. LewisDirector98.4%Passed
Election of Catherine A. LewisDirector97.3%Passed
Election of Min H. KaoDirector96.5%Passed
Election of Joseph J. HartnettDirector91.3%Passed
Election of Jonathan C. BurrellDirector89.5%Passed
Election of Jonathan C. BurrellDirector89.4%Passed
Election of Joseph J. HartnettDirector81.8%Passed

2024

ItemKindAsked for bySupportOutcome
The shareholders passed an advisory resolution approving the compensation of Garmin’s Named Executive OfficersSay on pay94.2%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2025 annual general meetingCompany proposal99.9%Passed
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 installmentsCompany proposal99.9%Passed
The appropriation of available earningsCompany proposal99.9%Passed
Garmin’s 2023 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 30, 2023 and Garmin’s statutory financial statements for the fiscal year ended December 30, 2023Company proposal99.9%Passed
The shareholders passed an advisory resolution approving Garmin’s Swiss Non-Financial Matters Report for the fiscal year ended December 30, 2023Company proposal99.6%Passed
The shareholders discharged the members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 30, 2023Company proposal99.3%Passed
Garmin's 2005 Equity Incentive Plan, primarily to increase the number of shares authorized under the Plan fromCompany proposal98%Passed
A binding vote to approve the Fiscal Year 2025 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal95.8%Passed
The shareholders passed an advisory resolution approving Garmin’s Swiss Statutory Compensation Report for the fiscal year ended December 30, 2023Company proposal94.2%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2025 annual general meetingCompany proposal93.9%Passed
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 termAuditor96.8%Passed
Election of Susan M. BallDirector99.5%Passed
Election of Susan M. BallDirector99.5%Passed
Election of Clifton A. PembleDirector98.4%Passed
Election of Catherine A. LewisDirector97.8%Passed
Election of Catherine A. LewisDirector97.8%Passed
Election of Min H. KaoDirector96.9%Passed
Election of Joseph J. HartnettDirector95.8%Passed
Election of Jonathan C. BurrellDirector95.1%Passed
Election of Jonathan C. BurrellDirector93.3%Passed
Election of Joseph J. HartnettDirector87.5%Passed

2023

ItemKindAsked for bySupportOutcome
The shareholders passed an advisory resolution approving the compensation of Garmin’s Named Executive OfficersSay on pay95.7%Passed
The payment of a cash dividend in the aggregate amount of U.S. $2.92 per outstanding share out of Garmin’s reserve from capital contribution in four equal installmentsCompany proposal100%Passed
The appropriation of available earningsCompany proposal100%Passed
Garmin’s 2022 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 31, 2022 and Garmin’s statutory financial statements for the fiscal year ended December 31, 2022Company proposal100%Passed
Amendments to Garmin’s Articles of Association to align them with new statutory provisions of Swiss law pertaining to (i) board of directors’ matters and (ii) compensation and related mattersCompany proposal99.9%Passed
Amendments to Garmin’s Articles of Association to align them with new statutory provisions of Swiss law pertaining to (i) shares and shareholder rights; and (ii) general meeting of shareholders mattersCompany proposal99.9%Passed
A change of the currency in which Garmin’s share capital is expressed from Swiss francs to U.S. dollarsCompany proposal99.9%Passed
The cancellation of shares repurchased under Garmin’s share repurchase program and a corresponding reduction in Garmin’s share capitalCompany proposal99.9%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2024 annual general meetingCompany proposal99.9%Passed
A binding vote to approve the maximum aggregate compensation for Garmin’s Board of Directors for the period between the 2023 annual general meeting and the 2024 annual general meetingCompany proposal99.8%Passed
A reduction of the nominal value of Garmin’s registered sharesCompany proposal99.7%Passed
The shareholders discharged the members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 31, 2022Company proposal98.9%Passed
An amendment to Garmin's Employee Stock Purchase Plan to increase the number of shares authorized for issuance under such plan from 8 million to 10 millionCompany proposal98.8%Passed
An amendment to Garmin's 2011 Non-Employee Directors’ Equity Incentive Plan to increase the number of shares authorized for issuance under such plan fromCompany proposal97%Passed
A binding vote to approve the Fiscal Year 2024 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal96.8%Passed
The shareholders passed an advisory resolution approving Garmin’s 2022 Swiss Statutory Compensation Report for the fiscal year ended December 31, 2022Company proposal96%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2024 annual general meetingCompany proposal94.1%Passed
The appointment of Ernst & Young LLP as Garmin’s independent registered public accounting firm for Fiscal Year 2023 and re-elected Ernst & Young Ltd as Garmin’s statutory auditor for another one-year termAuditor96.6%Passed
Election of Clifton A. PembleDirector98.2%Passed
Election of Catherine A. LewisDirector97.7%Passed
Election of Min H. KaoDirector96.9%Passed
Election of Joseph H. HartnettDirector96.6%Passed
Election of Catherine A. LewisDirector96.2%Passed
Election of Charles W. PefferDirector96%Passed
Election of Jonathan C. BurrellDirector93.5%Passed
Election of Joseph H. HartnettDirector83.3%Passed
Election of Charles W. PefferDirector81.3%Passed
Election of Jonathan C. BurrellDirector76.1%Passed

2022

ItemKindAsked for bySupportOutcome
An advisory resolution approving the compensation of Garmin’s Named Executive Officers, as disclosed in Garmin’s proxy statement for the 2022 annual general meeting pursuant to the executive compensation disclosure rules promulgated by the Securities and Exchange CommissionSay on pay95%Passed
The payment of a cash dividend in the aggregate amount of U.S. $2.92 per outstanding share out of Garmin’s reserve from capital contribution in four equal installmentsCompany proposal100%Passed
Garmin’s 2021 Annual Report, including the consolidated financial statements of Garmin for the fiscal year ended December 25, 2021 and the statutory financial statements of Garmin for the fiscal year ended December 25, 2021Company proposal100%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2023 annual general meetingCompany proposal99.9%Passed
The appropriation of available earningsCompany proposal99.9%Passed
A binding vote to approve the maximum aggregate compensation for Garmin’s Board of Directors for the period between the 2022 annual general meeting and the 2023 annual general meetingCompany proposal99.8%Passed
An amendment to Garmin’s Articles of Association to renew the authorized share capital in the amount of CHFCompany proposal99.5%Passed
The shareholders discharged the members of the Board of Directors and the Executive Management from liability for the fiscal year ended December 25, 2021Company proposal99.2%Passed
A binding vote to approve the Fiscal Year 2023 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal97.5%Passed
An amendment to Garmin's 2005 Equity Incentive Plan to increase the maximum number of shares authorized for issuance under the Plan that may be delivered as Restricted Shares or pursuant to Performance Units or Restricted Stock Units from 10 million to 12 millionCompany proposal97.4%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2023 annual general meetingCompany proposal94.7%Passed
As Garmin’s statutory auditor for another one-year termAuditor96.2%Passed
Election of Catherine A. LewisDirector98.5%Passed
Election of Clifton A. PembleDirector98.3%Passed
Election of Catherine A. LewisDirector97.5%Passed
Election of Joseph H. HartnettDirector96.6%Passed
Election of Min H. KaoDirector96.3%Passed
Election of Charles W. PefferDirector96.1%Passed
Election of Jonathan C. BurrellDirector93.1%Passed
Election of Joseph H. HartnettDirector84%Passed
Election of Charles W. PefferDirector81.5%Passed
Election of Jonathan C. BurrellDirector80.5%Passed

2021

ItemKindAsked for bySupportOutcome
An advisory resolution approving the compensation of Garmin’s Named Executive Officers, as disclosed in Garmin’s proxy statement for the 2021 annual general meeting of shareholders pursuant to the executive compensation disclosure rules promulgated by the Securities and Exchange CommissionSay on pay95.2%Passed
The law firm of Wuersch & Gering LLP as independent voting rights representative for a term extending until completion of the 2022 annual general meeting of shareholdersCompany proposal100%Passed
Garmin’s 2020 Annual Report, including the consolidated financial statements for the fiscal year ended December 26, 2020 and the statutory financial statements for the fiscal year ended December 26, 2020Company proposal100%Passed
A binding vote to approve the maximum aggregate compensation for Garmin’s Board of Directors for the period between the 2021 annual general meeting of shareholders and the 2022 annual general meeting of shareholdersCompany proposal99.7%Passed
The shareholders discharged the members of Garmin’s Board of Directors and the members of Garmin’s Executive Management from liability for the fiscal year ended December 26, 2020Company proposal99.4%Passed
The payment of a cash dividend in the aggregate amount of $2.68 per outstanding share out of Garmin’s reserve from capital contribution in four equal installmentsCompany proposal99.4%Passed
The appropriation of available earningsCompany proposal99.3%Passed
A binding vote to approve the Fiscal Year 2022 maximum aggregate compensation for Garmin’s Executive ManagementCompany proposal98.2%Passed
Min H. Kao as Executive Chairman of the Board of Directors for a term extending until completion of the 2022 annual general meeting of shareholdersCompany proposal93.9%Passed
As Garmin’s statutory auditor for another one-year termAuditor97%Passed
Election of Catherine A. LewisDirector99.1%Passed
Election of Clifton A. PembleDirector98.8%Passed
Election of Catherine A. LewisDirector98.8%Passed
Election of Joseph H. HartnettDirector98.7%Passed
Election of Min H. KaoDirector98.5%Passed
Election of Charles W. PefferDirector96.3%Passed
Election of Jonathan C. BurrellDirector93.2%Passed
Election of Joseph H. HartnettDirector89.4%Passed
Election of Charles W. PefferDirector86.8%Passed
Election of Jonathan C. BurrellDirector83.1%Passed

2020

ItemKindAsked for bySupportOutcome
Election of Clifton A. PembleDirector98.9%Passed
Election of Catherine A. LewisDirector98.6%Passed
Election of Catherine A. LewisDirector98.5%Passed
Election of Min H. KaoDirector98.3%Passed
Election of Joseph H. HartnettDirector98.2%Passed
Election of Charles W. PefferDirector95.4%Passed
Election of Jonathan C. BurrellDirector91.6%Passed
Election of Joseph H. HartnettDirector88.5%Passed
Election of Charles W. PefferDirector85.3%Passed
Election of Jonathan C. BurrellDirector83.9%Passed

2019

ItemKindAsked for bySupportOutcome
Election of Catherine A. LewisDirector99.9%Passed
Election of Catherine A. LewisDirector99.9%Passed
Election of Joseph H. HartnettDirector99.6%Passed
Election of Joseph H. HartnettDirector99.2%Passed
Election of Min H. KaoDirector98.8%Passed
Election of Charles W. PefferDirector95%Passed
Election of Charles W. PefferDirector94.1%Passed
Election of Jonathan C. BurrellDirector94%Passed
Election of Jonathan C. BurrellDirector91.6%Passed
Election of Clifton A. PembleDirector86%Passed

2018

ItemKindAsked for bySupportOutcome
Election of Jonathan C. BurrellDirector99.8%Passed
Election of Clifton A. PembleDirector99.6%Passed
Election of Joseph H. HartnettDirector99.5%Passed
Election of Jonathan C. BurrellDirector99.5%Passed
Election of Min H. KaoDirector99.3%Passed
Election of Joseph H. HartnettDirector99.2%Passed
Election of Charles W. PefferDirector96.2%Passed
Election of Rebecca R. TildenDirector95.5%Passed
Election of Charles W. PefferDirector95.5%Passed
Election of Rebecca R. TildenDirector94.3%Passed

Proxy statements and vote results

Straight from Garmin’s own SEC filings. The proxy statement lists what shareholders were asked to vote on; the 8-K certifies how the vote went.

YearFilingFiled
2026Vote results2026-06-08
2026Proxy statement2026-04-22
2025Vote results2025-06-12
2025Proxy statement2025-04-23
2024Vote results2024-06-11
2024Proxy statement2024-04-24
2023Vote results2023-06-12
2023Proxy statement2023-04-24
2022Vote results2022-06-13
2022Proxy statement2022-04-25
2021Vote results2021-06-07
2021Proxy statement2021-04-19
2020Vote results2020-06-08
2020Proxy statement2020-04-20
2019Vote results2019-06-10
2019Proxy statement2019-04-22
2018Vote results2018-06-12
2018Proxy statement2018-04-23

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