Resolutions at the Annual General Meeting 2015
Election of the Board of Directors and auditor
After 14 years as a member of the Board of Directors of ASSA ABLOY AB Sven-Christer Nilsson has decided to leave the Board of Directors at the Annual General Meeting 2015. The Annual General Meeting re-elected Lars Renström, Carl Douglas, Birgitta Klasén, Eva Lindqvist, Johan Molin, Jan Svensson and Ulrik Svensson as members of the Board of Directors, and elected Eva Karlsson as new member of the Board of Directors. Lars Renström was re-elected Chairman of the Board of Directors and Carl Douglas was re‑elected Vice Chairman.
The Annual General Meeting re-elected the registered audit firm PriceWaterhouseCoopers AB as auditor for the time period until the end of the 2016 Annual General Meeting.
The Annual General Meeting approved the dividend of SEK 6,50 per share proposed by the Board of Directors and the CEO. The record date for the dividend was set at Monday 11 May 2015 and the dividend is expected to be distributed by Euroclear Sweden AB starting on Friday 15 May 2015.
Remuneration of the Board of Directors
The total remuneration of the Board of Directors will amount to SEK 5,100,000 (excluding remuneration for committee work).
Gustaf Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schörling AB), Liselott Ledin (Alecta), Marianne Nilsson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF fonder) were elected as members of the Nomination Committee up to and including the 2016 Annual General Meeting. Gustaf Douglas was elected Chairman of the Nomination Committee.
Establishment of guidelines for the remuneration of the Executive Team
The Annual General Meeting resolved to adopt guidelines for the remuneration of senior management, with the main principle that remuneration and other employment conditions for senior management should be in line with market conditions and be competitive.
Authorization to repurchase and transfer Series B shares in the company
The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions, repurchase Series B shares in the company for the period up until the next Annual General Meeting. The repurchase shall maximum comprise so many Series B shares that the company’s holding does not at any time exceed 10 per cent of the total number of shares in the company.
Implementation of long term incentive program
The Annual General Meeting resolved to implement a long term incentive program for senior executives and key employees within the ASSA ABLOY Group (“LTI 2015”), in accordance with the proposal of the Board of Directors earlier published.
Division of shares (stock split) and change of the Articles of Association
The Annual General Meeting resolved that each share, irrespective of series, should be divided in three shares of the same series (stock split 3:1) and to change of the Articles of Association in order to adapt the limits for the number of shares, in accordance with the proposal of the Board of Directors earlier published.
For more information please contact:
Johan Molin, President and CEO, Tel: +46 8 506 485 42
Carolina Dybeck Happe, CFO and Executive Vice President, Tel: +46 8 506 485 72