Logitech Chairperson Informs Board Of 2025 Transition Plan; Wendy Becker Informs Board Of Her Decision Not To Stand For Reelection At Next Year's 2025 AGM

7/1/24 4:12:50 PM ET

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Wendy Becker, Logitech's board chairperson, also informed the board of her decision not to stand for reelection at next year's 2025 AGM.

Becker was first elected as chairperson in 2019 and her tenure spans Logitech's biggest years of growth. A board committee, chaired by board member Chris Jones, will focus on recommending a successor over the course of the coming year as part of a planned leadership transition.

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Recent Analyst Ratings for
$LOGI

Date	Price Target	Rating	Analyst
5/1/2024	$92.00 → $85.00	Overweight → Neutral	JP Morgan
4/16/2024		Hold → Sell	Deutsche Bank
4/15/2024	$85.00 → $75.00	Equal-Weight → Underweight	Morgan Stanley
7/5/2023	$70.00	Overweight	JP Morgan
6/14/2023	$73.00 → $70.00	Buy → Neutral	Citigroup
5/3/2023		Neutral → Sell	UBS
5/1/2023	$40.00 → $56.00	Underweight → Equal-Weight	Morgan Stanley
3/13/2023		Outperform → Neutral	Credit Suisse

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Company Delivers 6% Sales Growth and Strong Profitability; Raises FY 2025 Outlook SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (NASDAQ:LOGI) today announced financial results for the second quarter of Fiscal Year 2025. Sales were $1.12 billion, up 6 percent in US dollars and 6 percent in constant currency compared to Q2 of the prior year. GAAP gross margin was 43.6 percent, up 210 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 44.1 percent, up 210 basis points compared to Q2 of the prior year. GAAP operating income was $161 million, up 3 percent compared to Q2 of the prior year. Non-GAAP operating income
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Logitech Sight Named a TIME Best Invention of 2024
AI-driven tabletop camera recognized for impact on keeping collaboration strong Logitech (SIX: LOGN) (NASDAQ:LOGI) today announced Logitech Sight, the company's tabletop camera with intelligent multiparticipant framing, has made TIME's list of Best Inventions of 2024. Since its release, Sight has changed the complexion of hybrid meetings by bringing a new level of human connection and meaningful engagement to workplaces everywhere. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031654096/en/Logitech Sight, the AI-driven tabletop camera with intelligent multi-participant framing, is on the list of TIME Best Inventions of 2024.
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Logitech Chairperson Informs Board Of 2025 Transition Plan; Wendy Becker Informs Board Of Her Decision Not To Stand For Reelection At Next Year's 2025 AGM

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Director Gecht Guy bought $202,800 worth of Registered Shares (2,500 units at $81.12), increasing direct ownership by 16% to 18,503 units (SEC Form 4)

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Logitech​ ​Shareholders​ ​Approve​ ​All Proposals,​ ​Including​ ​Increased Dividend,​ At ​Annual​ ​General​ ​Meeting

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Director Gecht Guy bought $202,800 worth of Registered Shares (2,500 units at $81.12), increasing direct ownership by 16% to 18,503 units (SEC Form 4)

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Logitech Shareholders Approve All Proposals, Including Increased Dividend, At Annual General Meeting

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