Annual General Meeting of AB SKF

Rhea-AI Summary

The Annual General Meeting (AGM) of Aktiebolaget SKF was held on March 24, 2022, via postal voting due to Covid-19 restrictions. The income statements and balance sheets were approved, along with a dividend of SEK 7.00 per share, payable to shareholders registered by March 28, 2022. Board fees were set, including SEK 2,530,000 for the Chairman and SEK 825,000 for other members. Hans Stråberg was re-elected Chairman. New principles for executive remuneration and a Performance Share Programme for 2022 were also approved.

Positive

• Dividend of SEK 7.00 per share approved.
• Board's remuneration and performance share programme approved.

Negative

• None.

GOTHENBURG, Sweden, March 24, 2022 /PRNewswire/ -- The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held on Thursday, 24 March 2022. 

Due to Covid-19, 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 7.00 per share was approved. To be entitled to receive the dividend, shareholders must be recorded in the share register on 28 March 2022. 

The Meeting resolved that the Board's fee for 2022 is to be in accordance with the following: 

a.  an allotment of SEK 2,530,000 to the Chairman of the Board, and SEK 825,000 to each of the other Board members; and 

b.  an allotment for committee work of SEK 285,000 to the Chairman of the Audit Committee, with SEK 210,000 to each of the other members of the Audit Committee, with SEK 165,000 to the Chairman of the Remuneration Committee and with SEK 130,000 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. Colleen Repplier, Mr. Geert Follens, Mr. Håkan Buskhe, Ms. Susanna Schneeberger and Mr. Rickard Gustafson.  

Mr. Hans Stråberg was elected Chairman of the Board. 

The Meeting approved the Board's proposal for revised principles of executive remuneration, the Board's remuneration report and the Board's proposal for a resolution on SKF's Performance Share Programme 2022.

Aktiebolaget SKF
      (publ)

CONTACT:

For further information, please contact:
PRESS: Carl Bjernstam, Group Communication
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@skf.com

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https://mb.cision.com/Main/637/3531884/1553410.pdf	20220324 Annual General Meeting of AB SKF
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View original content:https://www.prnewswire.com/news-releases/annual-general-meeting-of-ab-skf-301509997.html

SOURCE SKF

FAQ

What was the dividend announced by Aktiebolaget SKF in 2022?

Aktiebolaget SKF announced a dividend of SEK 7.00 per share on March 24, 2022.

When was the AGM of Aktiebolaget SKF held in 2022?

The Annual General Meeting of Aktiebolaget SKF was held on March 24, 2022.

What are the new principles for executive remuneration approved by SKF?

The AGM approved revised principles of executive remuneration on March 24, 2022.

Who was elected as the Chairman of the Board for SKF in 2022?

Hans Stråberg was re-elected as Chairman of the Board for Aktiebolaget SKF in 2022.

How was the AGM of Aktiebolaget SKF conducted in 2022?

The AGM of Aktiebolaget SKF was conducted without physical presence, with shareholders voting via postal voting due to Covid-19.