SC 13G: GARMIN LTD
Ticker: GRMN · Form: SC 13G · Filed: Oct 18, 2024 · CIK: 1121788
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by GARMIN LTD.
Risk Assessment
Risk Level: low
Filing Stats: 1,302 words · 5 min read · ~4 pages · Grade level 8.1 · Accepted 2024-10-18 12:05:36
Filing Documents
- kao_13g_q3_2024.htm (SC 13G) — 104KB
- 0000950170-24-115490.txt ( ) — 105KB
(a) Name of Issuer
Item 1(a) Name of Issuer: Garmin Ltd.
(b) Address of Issuer's Principal Executive Offices
Item 1(b) Address of Issuer's Principal Executive Offices: Mühlentalstrasse 2, 8200 Schaffhausen, Switzerland
(a) Name of Person Filing
Item 2(a) Name of Person Filing: (i) Min H. Kao (ii) Yu-Fan C. Kao
(b) Address of Principal Business Office or, if none, Residence
Item 2(b) Address of Principal Business Office or, if none, Residence: 1200 East 151 st Street, Olathe, Kansas 66062 (for each person listed in 2(a)(i) and 2(a)(ii))
(c) Citizenship
Item 2(c) Citizenship: USA (for each person listed in 2(a)(i) and 2(a)(ii))
(d) Title of Class of Securities
Item 2(d) Title of Class of Securities: Registered Shares
(e) CUSIP Number
Item 2(e) CUSIP Number : H2906T 109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable (for each person listed in 2(a)(i) and 2(a)(ii))
Ownership
Item 4. Ownership (a) Amount beneficially owned: Min H. Kao Yu-Fan C. Kao 18,698,500 (1) 18,698,500 (2) (b) Percent of class: Min H. Kao Yu-Fan C. Kao 9.73% 9.73% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Min H. Kao Yu-Fan C. Kao 0 0 (ii) shared power to vote or to direct the vote: Min H. Kao Yu-Fan C. Kao 18,698,500 18,698,500 (iii) sole power to dispose or to direct the disposition of: Min H. Kao Yu-Fan C. Kao 0 0 (iv) shared power to dispose or to direct the disposition of: Min H. Kao Yu-Fan C. Kao 18,698,500 18,698,500 ______________ (1) Of the 18,698,500 Registered Shares: SCHEDULE 13G CUSIP No. H2906T 109 Page 5 of 7 a. 6,254,081 Registered Shares are held by the M&F Trust dated October 17, 2019, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and share voting and dispositive power with respect to those Registered Shares; b. 11,998,019 Registered Shares are held by revocable trusts established by Jennifer Kao and Kenneth Kao, the children of Min H. Kao and Yu-Fan C. Kao, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and together share voting and dispositive power with respect to those Registered Shares; and c. 446,400 Registered Shares are held by the Kao Family Foundation, a charitable foundation of which Min H. Kao is president and director and in such capacity may be deemed to exercise shared voting and dispositive power over such Registered Shares. Min H. Kao disclaims beneficial ownership of the Registered Shares held by the Kao Family Foundation and nothing herein shall be construed as an admission that Min H. Kao is the beneficial owner of such Registered Shares. (2) Of the 18,698,500 Registered Shares: a. 6,254,081 Registered Shares are held by the M&F Trust dated October 17, 2019, for which Min H. Kao and Yu-Fan C. Kao are co-trustees and share voting and dispositive power with respect to those
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group Not Applicable
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not Applicable
Certification
Item 10. Certification Not Applicable SCHEDULE 13G CUSIP No. H2906T 109 Page 6 of 7
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 18, 2024 MIN H. KAO By: /s/ Min H. Kao Name: Min H. Kao YU-FAN C. KAO By: /s/ Yu-Fan C. Kao Name: Yu-Fan C. Kao Pursuant to the Joint Filing Agreement with respect to Schedule 13G attached hereto as Exhibit I, among Min H. Kao and Yu-Fan C. Kao, this statement on Schedule 13G is filed on behalf of each of them. SCHEDULE 13G CUSIP No. H2906T 109 Page 7 of 7 EXHIBIT I JOINT FILING AGREEMENT Each of the undersigned hereby agrees that the Schedule 13G filed herewith is filed jointly, pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, on behalf of each of them. Dated: October 18, 2024 MIN H. KAO /s/ Min H. Kao Min H. Kao YU-FAN C. KAO /s/ Yu-Fan C. Kao Yu-Fan C. Kao