Report from Annual General Meeting in Haldex
Haldex held its annual general meeting (AGM) for 2017 on May 4 in Landskrona, Sweden.
Haldex’ acting President and CEO, Åke Bengtsson, summed up 2016 as an eventful year with, among other things, bids from three different companies. One of the trends that caused the interest in the company is the development of autonomous driven trucks. Åke Bengtsson explained how Haldex’ technology can play a prominent role in such a development. The CEO presentation (in Swedish) is available at http://corporate.haldex.com/en/investors/corporate-governance/annual-general-meeting/2017
Board of directors
The AGM re-eleced the directors Göran Carlson, Magnus Johansson and Annika Sten Pärson and elected Ulf Ahlén, Jörgen Durban and Johan Gileus as new directors.
The AGM appointed Jörgen Durban as new chairman of the board. Jörgen Durban is lawyer and chairman of Anoto Group. Jörgen has previously been managing partner at Linklaters, Sweden.
”Haldex is in a very interesting situation, where I believe I can contribute with my long experience in corporate law and acquisitions, " says Jörgen Durban, the newly appointed chairman of Haldex. "The company has managed to keep focus on existing business, which is impressive considering how long Haldex has found itself in an uncertain ownership situation. The former board of directors predicted that the process would be complex and lengthy, which is a view I share. It is however gratifying to see how well the cooperation with Knorr-Bremse works. "
The AGM re-elected Öhrlings PricewaterhouseCoopers AB as the company’s auditors. The auditor-in-charge is Bror Frid.
Fees to the board of directors
It was resolved that the fees to the board of directors shall be SEK 831,000 to the chairman and SEK 330,000 to each of the other directors not employed by the company, SEK 100,000 to the chairman of the audit committee, SEK 50,000 to each member of the audit committee, SEK 50,000 to the chairman of the compensation committee and SEK 25,000 to each member of the compensation committee.
The above fees shall, according to the AGM resolution, be paid immediately and paid in full, even if the directors would not be re-elected at any extraordinary general meeting before the next AGM.
In addition, the AGM resolved that a retroactive additional fee of SEK 500,000 be paid to Magnus Johansson for his extensive extra efforts in 2016/2017 as acting chairman in connection with Knorr-Bremse's public offer to the shareholders in Haldex.
Guidelines for remuneration to senior executives
The AGM resolved to adopt the guidelines for remuneration to senior executives as proposed by the board of directors.
Full details of each proposal can be downloaded from http://corporate.haldex.com
The information was submitted for publication by the Haldex media contact stated in the release on May 4, 2017 at 17.15 CEST.
With more than 100 years of intensely focused innovation, Haldex holds unrivaled expertise in brake systems and air suspension systems for heavy trucks, trailers and buses. We live and breathe our business delivering robust, technically superior solutions born from deep insight into our customers’ reality. By concentrating on our core competencies and following our strengths and passions, we combine both the operating speed and flexibility required by the market. Collaborative innovation is not only the essence of our products – it is also our philosophy. Our 2,100 employees, spread on four continents, are constantly challenging the conventional and strive to ensure that the products we deliver create unique value for our customers and all end-users. We are listed on the Nasdaq Stockholm Stock Exchange and have net sales of approximately 4.4 billion SEK.