Nomination Committee’s proposal to SSAB’s Extraordinary General Meeting on 11 September 2014
The Nomination Committee consists of Anders Nyberg, Industrivärden (Chairman of the Nomination Committee); Åsa Nisell, Swedbank Robur Fonder; Lars-Eric Aaro, LKAB; Frank Larsson, Handelsbanken fonder, Kari A. J. Järvinen, Solidium Oy and Sverker Martin-Löf (Chairman of the Board of Directors).
The Nomination Committee’s proposals in respect of items 1 and 6-8 on the agenda to the Extraordinary General Meeting:
1. Attorney Sven Unger is appointed to chair the meeting.
6. There shall be nine directors.
7. Board fees on annual basis shall be paid in the amount of SEK 1,650,000 to the Chairman of the Board and SEK 550,000 to each director who is not employed in the Group, to apply for the last six months prior to the next annual general meeting. For the period up until then, Board fees shall be paid on annual basis according to the same levels as was resolved at the Annual General Meeting 2014, i.e. Board fees on annual basis shall be paid in the amount of SEK 1,425,000 to the Chairman of the Board and SEK 475,000 to each director who is not employed in the Group. Compensation to directors in respect of committee work shall be paid on annual basis according to the same levels as was resolved by the Annual General Meeting 2014, i.e. in the amount of SEK 100,000 each, with the exception of the position of Chairman of the Audit Committee, for which payment shall be made in the amount of SEK 125,000.
The proposal of the Nomination Committee represents an adjustment to the new conditions and implies an increase of the total Board fee on annual basis equal to approximately 15 percent compared with the total Board fee on annual basis resolved at the Annual General Meeting 2014. The proposal of the Nomination Committee implies that the total committee fee on annual basis is unchanged compared with the total committee fee on annual basis resolved at the Annual General Meeting 2014.
8. New election of Petra Einarsson, Kim Gran and Matti Lievonen.
Anders G Carlberg, Matti Sundberg and Pär Östberg have announced that they are leaving the Board of Directors in connection with the Extraordinary General Meeting.
If the meeting resolves in accordance with the proposal, the Board of Directors will from the time when the resolution becomes effective and until the end of the next annual general meeting, consist of the following directors elected by the general meeting: Petra Einarsson, Kim Gran, Jan Johansson, Matti Lievonen, Martin Lindqvist, Annika Lundius, Sverker Martin-Löf, John Tulloch and Lars Westerberg.
For more information, please contact:
Andreas Koch, Head of Investor Relations, +46 8-454 5725, Andreas.email@example.com
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on the NASDAQ OMX Nordic Exchange in Stockholm and has a secondary listing on the NASDAQ OMX in Helsinki. www.ssab.com.