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Arcam AB | Report from Annual General Meeting 2017

At cision.com - Arcam AB (publ) | Report from Annual General Meeting 2017 - Fri, Jun 16, 2017

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Arcam AB (publ) | Report from Annual General Meeting 2017
Fri, Jun 16, 2017 13:00 CET

Arcam AB (publ) held its Annual General Meeting on June 16, 2017. The following is an account of the most important resolutions and their main content.

Resolution regarding dividend

The company had received a proposal from shareholders representing more than one tenth of all the shares in the company to distribute profits in accordance with Chapter 18, Section 11, of the Swedish Companies Act. It was concluded that since the company made a loss for the financial year 2016 the pre-conditions for making a distribution as per the proposal was not fulfilled. Accordingly, it was resolved, in line with the Board of Directors proposal, that the funds at the disposal of the Annual General Meeting were carried forward and consequently that no distribution of profit was to be made.

Resolution regarding adoption of income statement and balance sheet

The Annual General Meeting resolved to adopt the income statement and balance sheet for Arcam AB (publ) submitted by the Board of directors, as well as the consolidated income statement and consolidated balance sheet.

Resolution concerning discharge from liability for the members of the Board of Directors and the CEO

Shareholders representing a majority of the shares in the company voted for discharging the members of the Board of Directors and the company’s CEO from liability for the financial year 2016. However, shareholders representing more than one tenth of all the shares in the company voted against discharging the members of the Board of Directors and the company’s CEO from liability for the financial year 2016.

Resolutions regarding election of board, auditor and fees

The Annual General Meeting resolved in accordance with the proposals by the majority shareholder, GE Sweden Holdings AB, to re-elect Göran Malm, Lars Bergström, Carlos Härtel, Riccardo Procacci and Vandana Sriram as directors of the Board of Directors for the period up until the end of the next Annual General Meeting and that Göran Malm is re-elected as the chairman of the Board of Directors.

The Annual General Meeting resolved in accordance with the proposals by the majority shareholder, GE Sweden Holdings AB, that directors who are employed by companies in the General Electric Company group shall not be entitled to any remuneration by the company. For the period up until the end of the next Annual General Meeting, the remuneration to the chairman of the Board of Directors shall amount to SEK 750,000 and the remuneration to each other director shall amount to SEK 450,000. Further, SEK 25,000 shall be paid to each director per year for committee work.

The Annual General Meeting further resolved to elect Ernst & Young Aktiebolag as auditor for the period until the end of the next Annual General Meeting.

Resolution on guidelines for remuneration to senior management

The Annual General Meeting approved the Board’s proposed guidelines for remuneration to senior management . The guidelines are available on the company’s webpage www.arcamgroup.com .

Resolution on authorization to the Board of Directors to resolve on rights issues

The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions before the next Annual General Meeting, resolve on issues of shares with pre-emption rights for the company’s shareholders (rights issues). The aggregate increase in the share capital under the authorization shall not exceed SEK 5,000,000.



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Shareholders representing a majority of the shares in the company voted for discharging the members of the Board of Directors and the company’s CEO from liability for the financial year 2016.