Annual General Meeting of AB SKF
The Annual General Meeting of Aktiebolaget SKF was held on March 25, 2021, focusing on key corporate governance matters amid Covid-19 restrictions. The income statements and balance sheets were approved, along with a dividend of SEK 6.50 per share, record date March 29, 2021. The Board's fee was set at SEK 2,300,000 for the Chairman, SEK 750,000 for other members, and various amounts for committee roles. Board members were re-elected with Rickard Gustafson joining as a new member. Deloitte was appointed as auditor, and amendments to the Articles of Association were approved.
- Dividend of SEK 6.50 per share approved.
- Board was re-elected with a new member joining.
- Deloitte appointed as auditor, ensuring oversight.
- None.
GOTHENBURG, Sweden, March 25, 2021 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held on Thursday, 25 March 2021.
Due to the contagious Covid-19 and the authorities' regulations/guidance on avoiding gatherings of people, the general meeting was held without physical presence by shareholders exercising their voting rights only by postal voting.
The income statements and the balance sheets were adopted, together with the Board's proposal for distribution of dividend. A dividend of SEK 6.50 per share was approved. Tobe entitled to receive the dividend, shareholders must be recorded in the share register on 29 March 2021.
The Meeting resolved that the Board's fee for 2021 is to be in accordance with thefollowing:
a. an allotment of SEK 2,300,000 to the Chairman of the Board, and SEK 750,000 to each of the other Board members; and
b. an allotment for committee work of SEK 260,000 to the Chairman of the Audit Committee, with SEK 190,000 to each of the other members of the Audit Committee, with SEK 150,000 to the Chairman of the Remuneration Committee and with SEK 120,000 to each of the other members of the Remuneration Committee.
A prerequisite for obtaining an allotment is that the Board member is elected by the General Meeting and is not employed by the company.
The following Board members were re-elected: Mr. Hans Stråberg, Mr. Hock Goh, Ms. Barb Samardzich, Ms. Colleen Repplier, Mr. Geert Follens, Mr. Håkan Buskhe and Ms. Susanna Schneeberger. Mr. Rickard Gustafson was newly elected as Board member.
Mr. Hans Stråberg was elected Chairman of the Board.
Deloitte was elected auditor.
The Meeting approved the Board's proposal to amend the Articles of Association.
The Meeting approved the Board's remuneration report and the Board's proposal for a resolution on SKF's Performance Share Programme 2021.
Aktiebolaget SKF
(publ)
For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com
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SOURCE SKF
FAQ
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