Trelleborg AB held its 2021 Annual General Meeting today, April 22, 2021. In light of the Covid-19 pandemic, the Meeting was held without the physical presence of shareholders who could only exercise their voting rights via postal voting.
In a presentation to be made available on www.trelleborg.com at 4:30 p.m.CET today, the Chairman of the Board of Directors will, among other things, outline the resolutions passed at the Annual General Meeting and introduce the President who will present an account of the business of the Group.
The Meeting resolved as per the Board’s proposal to pay a dividend in the amount of SEK 5.00 per share. The record date for the dividend was set as April 26, 2021, which means the dividend is expected to be distributed by Euroclear Sweden AB on April 29, 2021.
Income statement and balance sheet
The Meeting adopted the income statement and balance sheet and the consolidated income statement and balance sheet for 2020.
The members of the Board and the President were discharged from personal liability for the 2020 fiscal year.
Board of Directors and auditor
In accordance with the Nomination Committee’s proposal, it was resolved that the Board of Directors should comprise seven members elected by the Meeting, with no deputies.
In accordance with the Nomination Committee’s proposal, Hans Biörck, Gunilla Fransson, Johan Malmquist, Peter Nilsson, Anne Mette Olesen and Jan Ståhlberg were re-elected as Board members, and Monica Gimre was elected as new Board member. Susanne Pahlén Åklundh declined re-election. 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 2022 Annual General Meeting.
Remuneration of Board members and auditor
The Meeting decided in accordance with the Nomination Committee’s proposal that fees paid to the Board be SEK 5,150,000 (4,750,000) with SEK 1,900,000 (1,750,000) to be paid to the Chairman and SEK 650,000 (600,000) each to be paid to those Board members who are not employed within the Trelleborg Group.
In addition, the Meeting decided that fees paid to those assigned to the Audit Committee be
SEK 250,000 (220,000) for the Chairman and SEK 150,000 (140,000) for each member not employed within the Trelleborg Group and that fees paid to those assigned to the Remuneration Committee be SEK 150,000 (125,000) for the Chairman and SEK 85,000 (75,000) for each member not employed within the Trelleborg Group. The Meeting also decided that fees paid to those assigned to the Finance Committee be SEK 85,000 (75,000) each for the Chairman and to other members who are not employed within the Trelleborg Group.
The auditor’s fees are to be paid on a current account basis.
Remuneration report 2020
The Meeting approved the Board’s remuneration report for the 2020 fiscal year.
Resolution on instructions for the Nomination Committee
The Meeting approved the proposed nomination process for the Nomination Committee.
Resolution on amendments to the Articles of Association
The Meeting resolved as per the Board’s proposal to amend the Articles of Association.
Minutes from the Annual General Meeting will be published on www.trelleborg.com.