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News Breaks | | | | August 30, 2012 | | 08:06 EDT |  | GRMN | Garmin CEO and family trust adopt 10b5-1 stock disposition plans
Garmin announced that Dr. Min H. Kao, the company’s co-founder, chairman and CEO, and two family trusts, of which he is a trustee, have each established pre-arranged trading plans to sell a portion of their shares in the company over a designated period. Dr. Kao, his wife and children have been the largest shareholders of Garmin since the initial public offering in December 2000. The family will continue to retain more than 20% of Garmin outstanding shares under the terms of these plans, maintaining the largest position in Garmin. These plans represent the first sale of any shares of Garmin Ltd. by Dr. Kao and his family since the previous 10b5-1 trading plans filed in 2005 and 2006. Dr. Kao and the family trusts adopted the plans for tax planning purposes. | |
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| May 16, 2013 | | 13:45 EDT | | GRMN | iSuppli: 250M sports, fitness monitors to ship in next five years
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