- All motions from the Board of Directors approved
- Heinz O. Baumgartner elected as new Chairman
- Conversion of bearer shares to registered shares approved along with general revision of Articles of Incorporation
- Shareholders agree to a dividend of CHF 20 per share
This included agreeing a dividend payout of CHF 20 per bearer share. Disbursement will take place on 12 April 2023.
RE-ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS
Shareholders elected all members of the Board of Directors for a further one-year term of office and voted in Heinz O. Baumgartner as new Chairman of the Board. Shareholders also re-elected all members of the Compensation Committee for a further one-year term. At the constituent meeting immediately after the Annual General Meeting, Jacques Sanche was elected as Chairman of the Compensation Committee.
CONVERSION OF BEARER SHARES TO REGISTERED SHARES
Shareholders approved the conversion of existing bearer shares to registered shares. The switch is set to take place on 13 April 2023. Shareholders who have bearer shares held in a bank deposit need take no action. Those who keep their bearer shares at home or in a safety deposit box are requested to hand these securities in to their bank for the conversion to registered shares (which may only be kept in a bank deposit in future).
Further details about the share conversion are available on the www.schweiter.com website and will also be published in the Swiss Official Gazette of Commerce (SHAB).
REVISION OF ARTICLES OF ASSOCIATION
Shareholders also approved the proposal from the Board of Directors to revise the Articles of Association of Schweiter Technologies AG in order to implement the requirements of the reform of the law on Swiss public limited companies, which came into force on 1 January 2023.
VOTES ON REMUNERATION OF THE BOARD OF DIRECTORS AND MANAGEMENT
Shareholders approved the maximum total remuneration of the Board of Directors for the term of office up to the 2024 Annual General Meeting and the maximum total sum for the remuneration of the Management for the 2024 financial year. In a consultative vote, shareholders also endorsed the 2022 Compensation Report.
ELECTION OF THE STATUTORY AUDITOR
In accordance with the proposal of the Board of Directors, shareholders elected KPMG AG as statutory auditor for the financial year commencing on 1 January 2023.
For further information please contact:
Martin Klöti, CFO
Tel. +41 41 757 77 00