Logitech Shareholders Approve Two-for-One Stock Split
Shareholders Elect Matthew Bousquette to Board of Directors, Re-elect Frank Gill and Gary Bengie
FREMONT, CA and ROMANEL-SUR-MORGES, Switzerland, June 16, 2005 — Logitech International (SWX: LOGN) (NASDAQ: LOGI), today announced that its shareholders have approved a two-for-one split of the Company´s shares. The stock split, which will apply to Logitech shares and ADRs, will be effective on June 30, 2005.
At Logitech´s Annual General Meeting, held today in Montreux, Switzerland, the Company´s shareholders also elected Matthew Bousquette, and re-elected Frank Gill and Gary Bengier to the board of directors. Matthew Bousquette is president of the Mattel Brands business unit of Mattel, Inc., the global toy company headquartered in the United States. Frank Gill, a former executive of Intel Corporation, has been a non-executive director of Logitech since June 1999 and is Logitech´s lead independent director. Gary Bengier, a former executive of eBay, has been a non-executive director of Logitech since June 2002.
Logitech´s shareholders also approved a resolution that lowers the number of shares that must be owned for a shareholder to place an item on the agenda for Logitech´s future Annual General Meetings. The required number of shares owned has been lowered from 2.1 percent of Logitech´s share capital to the lesser of 1.0 percent of Logitech´s share capital or 1 million Swiss francs of nominal value — the nominal value of Logitech shares is currently 1.0 Swiss franc, and will be adjusted to 0.50 Swiss francs once the stock split is effective.
All other resolutions put before Logitech´s shareholders were approved.
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
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