The Nomination Committee of Precise Biometrics’ proposal regarding election of Board members, Chairman of the Board and remuneration of the Board
The Nomination Committee of Precise Biometrics AB has provided the Company with the below recommendation regarding election of members of the Board, Chairman of the Board and remuneration of the Board:
The number of Board members shall be six, with no deputy members. The Nomination Committee proposes re-election of the following Board members; Torbjörn Clementz, Anders Harrysson, Torgny Hellström, Matts Lilja and Eva Maria Matell, for the period up to and including the Annual General Meeting 2015. Lisa Thorsted has declined re-election.
Current member of the Board, Torgny Hellström (55) is suggested new Chairman of the Board. Torgny Hellström has strong insights in Precise Biometrics and industry relevant experience. Focus on continuity has been important for the Nomination Committee and as the current Chairman of the Board, Lisa Thorsted, has decided to leave the Board a current member of the Board is recommended. The Nomination Committee is convinced Torgny Hellström and the Board all together will ensure momentum and execute according to the strategy as required.
Mats Lindoff (52) is proposed to be new member of the Board. Mats is running his own company LindoffTechnologyABand has long-term experience from numerous senior executive positions at Sony Ericsson, Ericsson and C Technology (now Anoto). In addition, Mats has board experience from several companies/organizations and he is currently active as board member in ENEA and Free2Move. Mats Lindoff holds a Master of Science in Electrical Engineering.
The Nomination Committee believes that the composed composition of the Board is well-balanced with respect to the relevant competencies and experiences necessary to best support Precise Biometrics in delivering on its potential going forward.
The Nomination Committee proposes that the annual director’s fees paid to the Board of Directors up to and including the Annual General Meeting 2015 shall be increased in order to better reflect current market level and to retain and attract the needed competencies to the Board. The Chairman of the Board shall be remunerated 300,000 (previously SEK 210,000) and each of the other Board members who are not employed with the Company shall receive SEK 150,000 (previously SEK 105,000). Based on an unchanged number of Board members, the total remuneration in terms of director’s fees will amount to SEK 1,050,000 (previously SEK 735 000 excluding committee work fees). Committee fee will be paid as previously i.e. SEK 25,000 per Board member and committee, with a maximum of one committee fee of SEK 25,000 per Board member per year.
Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 8 am on 23 April, 2014.
For more information:
Please contact Ole Soeberg, Chairman of the Nomination Committee of Precise Biometrics Telephone; +47 51 21 37 88
Precise Biometrics is a market leading supplier of solutions for fingerprint recognition that guarantee the identity of people. With the highest level of competence in fingerprint biometrics, Precise Biometrics offers fast, precise and secure verification of a person's identity.
This technology can be used for ID, company and bank cards, and for access to mobile solutions, computers and networks. Precise Biometrics delivers its solutions to companies and government agencies all over the world, and the Company's technology is licensed to almost 160 million users.
For further information go to www.precisebiometrics.com