Logitech Shareholders Approve Proposals, Including Increased Dividend, At Annual General Meeting
Dividend up 10 percent year over year; Wendy Becker and Neela Montgomery elected to Logitech’s board of directors
Tuesday, September 12, 2017 2:00 pm PDT
LAUSANNE, Switzerland & NEWARK, Calif.
Public Company Information:
LAUSANNE, Switzerland & NEWARK, Calif.--(BUSINESS WIRE)--Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced, at its annual general meeting, that the Company’s shareholders approved a dividend of approximately CHF 0.62 per share1, an increase of approximately 10 percent compared to last year. This follows another year of profitable growth and strong cash generation.
Additionally, at the meeting, Logitech’s shareholders elected to the board of directors Wendy Becker, former chief executive officer of Jack Wills Ltd., and Neela Montgomery, chief executive officer of Crate and Barrel. All other incumbent members of the board were re-elected, and all other proposals at the AGM were approved.
Guerrino De Luca, Logitech’s chairman of the board, said: “I am delighted to welcome Wendy and Neela to our board – they bring a wealth of expertise and strategic insight from companies like Vodafone, McKinsey, TalkTalk, Otto Group and Tesco. It is also a real pleasure to be able to offer our shareholders an increased dividend. Logitech delivered an excellent performance in Fiscal Year 2017, and I’m proud of the whole team.”
Logitech expects the payment date for the dividend to be Sept. 27, 2017. The shares are expected to be traded ex-dividend on the SIX Swiss Exchange and the Nasdaq Global Select Market starting on Sept. 25, 2017. Shareholders will find more information about the dividend on the Logitech corporate website at http://ir.logitech.com.
Logitech designs products that have an everyday place in people's lives, connecting them to the digital experiences they care about. More than 35 years ago, Logitech started connecting people through computers, and now it’s a multi-brand company designing products that bring people together through music, gaming, video and computing. Brands of Logitech include Logitech, Jaybird, Logitech G and Ultimate Ears. Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech at www.logitech.com, the company blog or @Logitech.
2017 Logitech, Logicool, Logi and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com .
1 Based on the number of shares outstanding as of March 31, 2017. The actual number may change as of the record date.
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