Press release from Trelleborg AB’s 2015 Annual General Meeting
Trelleborg AB’s Annual General Meeting was held on April 23, 2015 in Trelleborg. Approximately 670 shareholders attended the Meeting.
The theme of President and CEO Peter Nilsson’s address was “Continued focus on leading positions in selected segments”. The presentation summarized the Group’s direction and strategic work to secure leading positions in selected segments and focused on different dimensions of how Trelleborg improves and increases value creation for customers. Peter Nilsson also reported on the 2014 fiscal year and progress in the first quarter of 2015. A video of the President and CEO’s address at the Meeting (Swedish only), together with a transcript (Swedish and English), will be available shortly at www.trelleborg.com.
The Annual General Meeting resolved on the following:
In accordance with the proposal of the Board of Directors and the President, the Annual General Meeting resolved to pay a dividend of SEK 3.75 per share (3.25). The record date is April 27, which means that the dividend is expected to be distributed by Euroclear Sweden AB on April 30.
Income statement and balance sheet
The Meeting adopted the income statement and balance sheet, and the consolidated income statement and balance sheet for 2014. The members of the Board and the President were discharged from personal liability for the 2014 fiscal year.
Board of Directors and auditor
The Meeting resolved to expand the Board by one member to encompass nine members.
In accordance with the Nomination Committee’s proposal, Hans Biörck, Jan Carlson, Claes Lindqvist, Sören Mellstig, Peter Nilsson, Bo Risberg, Nina Udnes Tronstad and Heléne Vibbleus were re-elected. Anne Mette Olesen was elected as new Board member. The Meeting elected Sören Mellstig as Chairman of the Board.
The Company’s auditor, PricewaterhouseCoopers, with Mikael Eriksson as auditor in charge, was re-elected for the period until the close of the 2016 Annual General Meeting.
Remuneration and remuneration principles
In accordance with the Nomination Committee’s proposal, the Meeting decided that the total fees paid to the Board, excluding travel expenses, be SEK 4,625,000 (3,760,000), with SEK 1,300,000 (1,150,000) to be paid to the Chairman and SEK 475,000 (435,000) to be paid to each of those Board members elected by the Annual General Meeting who are not employed within the Trelleborg Group. The Meeting decided that the auditor’s fees be paid on a current account basis.
In addition, the Meeting decided that fees paid to the members of the Audit Committee be SEK 150,000 (150,000) for the Chairman and SEK 100,000 (100,000) each for other members and that fees paid to members of the Remuneration Committee be SEK 50,000 (50,000) for each member. The Meeting also decided that fees paid to members of the Finance Committee be SEK 50,000 (50,000) for each member.
In accordance with the Board’s proposal, the Meeting approved the remuneration principles for the President and senior executives.
Decision on the Nomination Committee
The Annual General Meeting approved the nomination process for the Nomination Committee as presented.
Minutes from the Annual General Meeting will be published on www.trelleborg.com.