Autoliv Announces Results of 2022 Annual Stockholders Meeting

Rhea-AI Summary

Autoliv, the global leader in automotive safety systems, held its 2022 Annual General Meeting on May 10, 2022. Shareholders approved the election of 11 directors for a one-year term, including Mikael Bratt and Jan Carlson, and ratified the appointment of Ernst & Young as the independent auditing firm for the fiscal year ending December 31, 2022. Additionally, a non-binding resolution regarding executive compensation was approved. The board established its committee memberships, with Jan Carlson serving as the independent Chairman.

Positive

• Election of 11 directors, ensuring stable governance.
• Ratification of Ernst & Young as auditors may enhance transparency.
• Approval of executive compensation indicates confidence in leadership.

Negative

• None.

STOCKHOLM, May 11, 2022 /PRNewswire/ -- Autoliv, Inc., (NYSE: ALV and SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held on May 10, 2022.

Annual General Meeting of Stockholders

The Company's 2022 Annual General Meeting of Stockholders (AGM) voted for approval of the following proposals:

• The election of Mikael Bratt, Laurie Brlas, Jan Carlson, Hasse Johansson, Leif Johansson, Franz-Josef Kortüm, Frédéric Lissalde, Min Liu, Xiaozhi Liu, Martin Lundstedt, and Thaddeus "Ted" Senko as directors of the Board for a one-year term ending at the 2023 AGM;
• The non-binding, advisory resolution to approve the Company's 2021 executive compensation for its named executive officers; and
• The ratification of the appointment of Ernst & Young AB as the Company's independent auditing firm for the fiscal year ending December 31, 2022.

Committees of the Board

At the Board meeting, the Board approved the membership of its standing committees as follows:

• Audit and Risk Committee:
  Ted Senko (Chair), Laurie Brlas, Hasse Johansson, and Min Liu
  
  
• Leadership Development and Compensation Committee: 
  Frédéric Lissalde (Chair), Leif Johansson, Xiaozhi Liu, and Martin Lundstedt 
  
  
• Nominating and Corporate Governance Committee:
  Leif Johansson (Chair), Laurie Brlas, Franz-Josef Kortüm, and Frédéric Lissalde

Chairman
The Board resolved that Jan Carlson is an independent director and continues to serve as the Chairman of the Board.

Inquiries: 

Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2021, our products saved close to 35,000 lives. Every year our products prevent more than 300,000 severe injuries.

Our more than 60,000 associates in 28 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2021 amounted to US $ 8.2 billion. For more information go to www.autoliv.com. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/autoliv/r/autoliv-announces-results-of-2022-annual-stockholders-meeting,c3565345

The following files are available for download:

https://mb.cision.com/Main/751/3565345/1578351.pdf

Press release (PDF)

View original content:https://www.prnewswire.com/news-releases/autoliv-announces-results-of-2022-annual-stockholders-meeting-301545206.html

SOURCE Autoliv

FAQ

What were the results of Autoliv's 2022 Annual General Meeting?

The AGM approved the election of 11 directors and ratified Ernst & Young as auditors, along with an advisory resolution on executive compensation.

Who is the chairman of Autoliv after the 2022 AGM?

Jan Carlson continues to serve as the independent Chairman of the Board.

What is the significance of the auditor ratification at Autoliv's AGM?

Ratification of Ernst & Young as auditors is aimed at enhancing financial transparency and credibility.

When was Autoliv's 2022 AGM held?

Autoliv's 2022 Annual General Meeting was held on May 10, 2022.

What proposals were approved during Autoliv's AGM?

The AGM approved the election of directors, an advisory resolution on executive compensation, and the appointment of Ernst & Young as auditors.