罗技 2024年度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM10-K ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF1934 For the fiscal year endedMarch31, 2025Or For the Transition Period fromto Commission File Number:0-29174 LOGITECH INTERNATIONALS.A. (Exact name of registrant as specified in its charter) None(I.R.S. EmployerIdentification No.) (510)795-8500 (Registrant's telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Securities registered or to be registered pursuant to Section12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.YesýNoo Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.YesoNoý Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.YesýNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant toRule405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).YesýNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerginggrowth company" in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.Yes☒Noo If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting shares held by non-affiliates of the registrant, based upon the closing sale price of the shares onSeptember30, 2024, the last business day of the registrant's second fiscal quarter on the Nasdaq Global Select Market, was $13,509,040,186. Forpurposes of this disclosure, voting shares held by persons known to the Registrant to beneficially own more than 5% of the Registrant's shares andshares held by officers and directors of the Registrant have been excluded because such persons may be deemed to be affiliates. In the case of 5% orgreater shareholders, we have not deemed such shareholders to be affiliates unless there are facts and circumstances which would indicate that suchshareholders exercise any control over the Registrant, or unless they hold 10% or more of the Registrant’s share capital outstanding. This determinationis not necessarily a conclusive determination for other purposes. As of May 8, 2025, there were147,920,729shares of the Registrant's share capital outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's Proxy Statement for the 2025 Annual Meeting of Shareholders are incorporated herein by reference in Part III of this AnnualReport on Form 10-K to the extent stated herein. TABLE OF CONTENTS PartI Item1.Business4Item1A.Risk Factors14Item1B.Unresolved Staff Comments32Item 1C.Cybersecurity32Item2.Properties33Item3.Legal Proceedings34Item4.Mine Safety Disclosures34PartIIItem5.Market for Registrant's Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities35Item6.(Reserved)38Item7.Management's Discussion and Analysis of Financial Condition and Results ofOperations39Item7A.Quantitative and Qualitative Disclosures About Market Risk52Item8.Financial Statements and Supplementary Data53Item9.Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure53Item9A.Controls and P