Bulletin from Annual General Meeting in Tobii AB (publ) on 11 May 2016
Stockholm, May 11, 2016 – The following decisions were passed at the Annual General Meeting (the “AGM”) in Tobii AB (publ) on 11 May 2016. The board of directors’ complete proposals have previously been published and is available at the company’s website, www.tobii.com.
Approval of the annual report, appropriation of result and discharge from liability
The AGM decided to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2015. Furthermore, it was decided that the company’s results shall be carried forward and thus no dividend will be distributed. The AGM also decided to discharge the board members and the managing director from liability.
Number of board members and auditors, election of board members and auditors and fees to the board members and auditors
The AGM decided that the number of board members, appointed by the shareholders’ meeting, should be seven without deputies. Kent Sander, John Elvesjö, Nils Bernhard, Åsa Hedin and Martin Gren were re-elected members of the board and Heli Arantola and Jan Wäreby were elected as new members of the board. Kent Sander was re-elected chairman of the board.
The AGM decided that the number of auditors shall be one without deputies. PricewaterhouseCoopers AB was re-elected as the company’s auditor with Magnus Brändström as auditor in charge.
The AGM decided that the remuneration to the board of directors shall amount to SEK 1,725,500 to be allocated with SEK 395,000 to the chairman of the board and SEK 185,000 to each other member of the board of directors. Remuneration for committee work shall be paid with in total a maximum of SEK 220,500, whereof SEK 141,500 shall be allocated to the audit committee (whereof SEK 47,000 to the chairman of the committee and SEK 31,500 to each of the other three members) and SEK 79,000 to the remuneration committee (whereof SEK 37,000 to the chairman of the committee and SEK 21,000 to each of the other two members). Remuneration to the auditor will be on current account.
Resolution regarding the nomination committee and guidelines for remuneration and other terms of employment for the group management
The AGM decided in accordance with the proposed principles for the appointment of the nomination committee and the board of directors’ proposal regarding guidelines for remuneration and other terms of employment for the group management.
Resolution regarding authorization for the board of directors to resolve to issue new shares
The AGM decided in accordance with the board of directors’ proposal regarding authorization for the board of directors to resolve to issue new shares, meaning that the board of directors is authorized to resolve to issue of new shares on one or several occasions until the next annual general meeting, without preferential rights for the shareholders, against payment through set-off or in kind. However, such issue of shares must never result in the company’s issued share capital or the number of shares in the company at any time, being increased by more than a total of 10 per cent. The purpose of the authorization is to enable the board to make acquisitions of companies and products.
Resolution regarding incentive programme 2016 and issue of warrants
The AGM decided in accordance with the board of directors’ proposal regarding implementation of a long term incentive programme for senior executives and other key employees within the Tobii group. The incentive programme comprises two series. Series 1 consists of warrants to be transferred to employees and the warrants have a vesting period of 3.5 years after which the holders is entitled to exercise the warrants to subscribe for shares during a period of six months. Series 2 comprise of employee stock options vested linearly over a period of four year after which the holder is entitled to exercise the employee stock options to subscribe for shares during a period of sex years. The resolution also included a resolution to issue not more than 870,000 warrants, of which not more than 730,000 may be issued in Series 1 and not more than 140,000 warrants may be issued in Series 2.
Tobii discloses this information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on May 11, 2016, at 08:00 p.m. CET.
Sara Hyléen, Corporate Communications Director of Tobii, tel: 46 70 9161641, email: email@example.com
Tobii is the global leader in eye tracking. Our vision is a world where all technology works in harmony with natural human behavior. Tobii operates through three business units: Tobii Dynavox makes specially designed computers that are controlled by eye movement or touch screens for use by people with special needs due to spinal cord injuries, CP, ALS or other medical conditions. Tobii Pro develops and sells eye-tracking equipment and services used today by more than 3,000 companies and 2,000 research institutions, including all of the world’s 50 highest ranked universities. Tobii Tech further develops Tobii’s technology for new volume markets, such as computer games, personal computers, virtual reality and vehicles. Tobii is headquartered in Sweden and is listed on Nasdaq Stockholm (TOBII). The group has over 600 employees. For more information, please visit www.tobii.com.