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NEWARK, Calif. and LAUSANNE,Switzerland, —Jul. 7, 2016 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that it will release quarterly financial results on Wednesday, Jul. 27, 2016 at 9:00 p.m. Eastern Daylight Time and Thursday, Jul. 28, 2016 at 3:00 a.m. Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, Jul. 28, 2016 at 8:30 a.m. Eastern Daylight Time and 2:30 p.m. Central European Summer Time. A live webcast of the call will be available on the Logitech corporate website at http://ir.logitech.com.
Guerrino De Luca, chairman of Logitech, commented: "Patrick’s transformational tenure as EPFL president has made the school a model for universities around the world, yet this is far from the only attribute to recommend him. He is also a tech entrepreneur and senior leader of a number of Swiss companies, with a global world view and strong strategic experience. As we prepare ourselves to welcome Patrick, I'd also like to thank Kee Lock for his sixteen years of invaluable service to the board and company. He will always remain a friend of Logitech.”
Additionally, Logitech’s board of directors has approved and proposes an annual dividend for Fiscal Year 2016 of approximately CHF 0.56 per share* following another year of strong cash flow from operations. This is part of the Company’s plan to return up to $500 million in cash to shareholders over a three-year period, from Fiscal Year 2015 to Fiscal Year 2017, in the form of dividends and share repurchases. The gross aggregate dividend is subject to shareholder approval.
If the dividend proposal is approved by shareholders at the Company's AGM, the approximate payment date for the dividend is expected to be September 27, 2016. Informational materials about the AGM will be made available to Logitech registered shareholders on or about July 22, 2016.
Logitech intends to file its preliminary proxy statement, which includes additional information regarding the nominees and other proposals for the AGM, with the U.S. Securities and Exchange Commission and post it on the Company's website at http://ir.logitech.com on or shortly prior to July 12, 2016.
Logitech designs products that have an everyday place in people's lives, connecting them to the digital experiences they care about. Over 30 years ago Logitech started connecting people through computers, and now it’s designing products that bring people together through music, gaming, video and computing. Founded in 1981, 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 www.logitech.com, the company blog or @Logitech
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