Information from the 2013 AGM of H & M Hennes & Mauritz AB
On Tuesday 23 April H & M Hennes & Mauritz AB held its Annual General Meeting under the chairmanship of lawyer Sven Unger. The AGM approved the dividend of SEK 9.50 per share in accordance with the Board of Directors’ proposal. The record day is 26 April 2013. The dividend is expected to be paid out by Euroclear Sweden AB on 2 May 2013.
The Annual General Meeting adopted the income statement and balance sheet for the parent company and the group. The AGM discharged the members of the Board and the Managing Director from liability for the 2011/2012 financial year.
All the Board members were re-elected: Mia Brunell Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson, Melker Schörling and Christian Sievert.
As in 2012, the Board of Directors comprises eight members elected by the AGM.
Stefan Persson was re-elected as Chairman of the Board.
The regular members appointed previously by the trade unions are Margareta Welinder and Marie Björstedt, with Tina Jäderberg and Ingrid Godin as deputy members.
The AGM approved the proposal from the Election Committee that the total Board fees remain unchanged at SEK 5,025,000. The Board fees are broken down as follows: Chairman of the Board SEK 1,350,000; members elected by the AGM SEK 475,000; members of the Auditing Committee an extra SEK 100,000; and the chairman of the Auditing Committee an extra SEK 150,000.
The AGM elected the accounting firm Ernst & Young AB as the company’s auditor for a four-year period, i.e. until the end of the 2017 Annual General Meeting. Ernst & Young reports that authorised public accountant Åsa Lundvall will be the auditor-in-charge.
The AGM approved the Election Committee’s proposed principles for the Election Committee and elected the members of the Election Committee for the period up to the appointment of a new Election Committee. The members of the Election Committee are Stefan Persson, Lottie Tham, Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF Fonder).
The AGM approved the resolutions proposed by the Board concerning guidelines for remuneration to senior executives and changes to the basis for contributions to the H&M Incentive Program, which is aimed at all employees.
Nils Vinge, Head of Investor Relations +46 (0)8-796 52 50
Kristina Stenvinkel, Head of Communications +46 (0)8-796 39 08
The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under Sweden’s Securities Market Act. It was released for publication at 17:30 (CET) on 23 April 2013.
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company’s business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands COS, Monki, Weekday, Cheap Monday and & Other Stories as well as H&M Home. Today the H&M Group has more than 2,800 stores in 49 markets, including franchise markets. In 2012, sales including VAT were SEK 140,948 million and the number of employees is more than 104,000. For further information, visit hm.com .