Resolutions at the Annual General Meeting 2016
Election of the Board of Directors and auditor
The Annual General Meeting re-elected Lars Renström, Carl Douglas, Eva Karlsson, Birgitta Klasén, Eva Lindqvist, Johan Molin, Jan Svensson and Ulrik Svensson as members of the Board of Directors, and elected Ulf Ewaldsson 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 Annual General Meeting 2017.
The Annual General Meeting approved the dividend of SEK 2,65 per share proposed by the Board of Directors and the CEO. The record date for the dividend was set at Friday 29 April and the dividend is expected to be distributed by Euroclear Sweden AB starting on Wednesday 4 May 2016.
Remuneration of the Board of Directors
The total remuneration of the Board of Directors will amount to SEK 5,950,000 (excluding remuneration for committee work).
Carl 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 2017 Annual General Meeting. Carl 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 Annual General Meeting 2017. 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 2016”), in accordance with the proposal of the Board of Directors earlier published.
For more information, please contact:
Johan Molin, President and CEO, tel. no: +46 8 506 485 42
Carolina Dybeck Happe, CFO and Executive Vice President, tel. no: +46 8 506 485 72
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end‑user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 46,000 employees, operations in more than 70 countries and sales of SEK 68 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.