AXIS: Report from Annual General Meeting in Axis AB
Axis AB (publ) held its Annual General Meeting on April 22, 2009. The Meeting resolved in favor of all proposed matters in accordance with the proposals of the Board of Directors. The main contents of the most important resolutions are described below.
Resolution regarding dividend
The Meeting resolved to approve the Board of Directors’ proposal of a dividend for fiscal year 2008 of SEK 1.25 per share. April 27, 2009 was set as the record date for the dividend. It is expected that the dividend will be disbursed by Euroclear Sweden AB (previous VPC) on April 30, 2009.
Resolution regarding adoption of the income statement and balance sheet
The Meeting resolved to adopt the income statement and balance sheet of Axis AB submitted by the Board of Directors as well as the consolidated income statement and balance sheet. The Board and the President were discharged from liability for the 2008 fiscal year.
Resolution regarding election of the Board, auditors and fees
The Annual General Meeting resolved in accordance with the Nominating Committee’s proposals, namely
• that five (5) Board members should be elected and no deputy members,
• that the following Board members should be re-elected: Lars-Erik Nilsson, Charlotta Falvin, Martin Gren, Olle Isberg and Göran Jansson,
• that Lars-Erik Nilsson should be re-elected as Chairman of the Board,
• that fees totaling SEK 1,050,000 shall be paid to the Board to be distributed among members who are not employees of the Company, with SEK 450,000 to the Chairman and SEK 200,000 to each Board member.
It was noted that Öhrlings PricewaterhouseCoopers AB, with the Authorized Public Accountant, Bertil Johanson as auditor in charge, was appointed as auditor at the Annual General Meeting 2007, for a period of four years.
Resolution regarding guidelines for determining salaries and other remuneration to the President and other members of company management
The Annual General Meeting resolved in accordance with the Board's proposal on guidelines for determination of salaries and other remuneration to the President and other persons in the company's management, which are essentially the same as the guidelines that applied during the immediately preceding year.
Auditor’s statement as to whether the guidelines for determining salaries and other remuneration to the President and other members of company management have been followed
The auditor considers, in the light of the performed audit, that the guidelines for determining salaries and other remuneration to the President and other members of company management, adopted at the Annual meeting on April 17, 2008 have been followed.
Resolution regarding criteria relating to the appointment of members to the Nominating Committee, etc.
The Annual Meeting adopted the Board’s proposal that current criteria relating to the appointment of members to the Nominating Committee, etc. should also apply during 2009.
All of the Annual Meeting’s resolutions were passed with the requisite majority.