Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________________________
FORM
8-K
Current
Report Pursuant to Section 13 or 15(d) of
the
Securities Act of 1934
_______________________________
Date
of Report (Date of earliest event reported): March 30,
2009
GARMIN
LTD.
(Exact
name of registrant as specified in its charter)
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Cayman
Islands
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0-31983
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98-0229227
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(State
or other
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(Commission
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(I.R.S.
Employer
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jurisdiction
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File
Number)
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Identification
No.)
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of
incorporation)
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P.O.
Box 10670, Grand Cayman KY1-1006
Suite
3206B, 45 Market Street, Gardenia Court
Camana
Bay, Cayman Islands
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (345) 640-9050
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement
On March
30, 2009, Garmin Ltd.’s subsidiary, Garmin USA, Inc. (“Garmin USA”), entered
into a Vendor Program Agreement and an Addendum thereto (together, the “2009
Vendor Program Agreement”) with Best Buy Purchasing LLC (“Best
Buy”). The Agreement was entered into pursuant to the Vendor
Agreement between Garmin USA and Best Buy dated February 27, 2004 (the “2004
Vendor Agreement”), which was filed as Exhibit 10.19 to Garmin Ltd.’s Form 10-K
for the fiscal year ended December 27, 2008.
Garmin
USA sells products to Best Buy pursuant to the terms and conditions of the 2004
Vendor Agreement and the 2009 Vendor Program Agreement. The 2009
Vendor Program Agreement includes payment terms, cooperative advertising funds
terms, store opening allowances, price protection terms, margin terms,
demonstration/display allowance terms, and the consideration given by Garmin for
training services and other value-added services performed by Best
Buy.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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GARMIN
LTD. |
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Date: April
2, 2009
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/s/
Andrew R. Etkind
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Andrew
R. Etkind
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Vice
President, General Counsel and Secretary
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