Trelleborg AB’s Annual General Meeting was held on April 25, 2018, in Trelleborg, Sweden.
In accordance with the proposal of the Board, the Annual General Meeting resolved to pay a dividend of SEK 4.50 per share (4.25). The record date is April 27, 2018, which means that the dividend is expected to be distributed by Euroclear Sweden AB on May 3, 2018.
Income statement and balance sheet
The Meeting adopted the income statement and balance sheet, and the consolidated income statement and balance sheet for 2017.
Discharge from liability
The members of the Board and the President were discharged from personal liability for the 2017 fiscal year.
Board of Directors and auditor
In accordance with the Nomination Committee’s proposal, Hans Biörck, Gunilla Fransson, Johan Malmquist, Peter Nilsson, Anne Mette Olesen and Susanne Pahlén Åklundh were re-elected. Panu Routila and Jan Ståhlberg were elected as new Board members. The Meeting elected Hans Biörck as Chairman of the Board.
The Company’s auditor, Deloitte AB, with Hans Warén as auditor in charge, was re-elected for the period until the close of the 2019 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 5,100,000 (4,850,000), with SEK 1,650,000 (1,550,000) to be paid to the Chairman and SEK 575,000 (550,000) each to be paid to those Board members 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 those assigned to the Audit Committee be SEK 200,000 (175,000) for the Chairman and SEK 130,000 (110,000) for each member and that fees paid to those assigned to the Remuneration Committee be SEK 120,000 (100,000) for the Chairman and SEK 70,000 (60,000) for each member. The Meeting also decided that fees paid those assigned to the Finance Committee be SEK 70,000 (60,000) each for the Chairman and the members.
In accordance with the Board’s proposal, the Meeting approved the remuneration principles for the President and senior executives.
A video of the President and CEO Peter Nilsson’s address at the Meeting (Swedish only), together with a transcript (Swedish and English), will be available shortly at www.trelleborg.com. Minutes from the Annual General Meeting will also be published on www.trelleborg.com.