AGM 2012

Indutrade’s Annual General Meeting was held on May 3, 2012, at Summit, lecture hall Razorfish, Grev Turegatan 30, Stockholm.

The General Meeting set the dividend at SEK 6.75 per share. The record date for payment was set to May 8, 2012. Dividend payments are expected to be made via Euroclear Sweden on May 11, 2012.

Johnny Alvarsson, Eva Färnstrand, Bengt Kjell, Martin Lindqvist, Ulf Lundahl and Mats Olsson were re-elected as directors and Krister Mellvé was elected as a new director. Bengt Kjell was re-elected as chairman of the board. 

Krister Mellvé served for 18 years with the Robert Bosch Group in Europe, Australia and Asia, most recently as President of the subsidiary in South Korea. Prior to this he spent 19 years with the trading company Benzlers, active in manufacturing and sales of industrial transmission equipment. 

The General Meeting resolved on instructions regarding the appointment of the nominating committee, implying mainly to assign the chairman of the board with the task of contacting the four largest owners in voting rights registered in the shareholders’ ledger administered by Euroclear Sweden (ownership-grouped) as per August 31, 2012. These four owners will each appoint a representative who is not a member of the board of the Company to form the nominating committee together with the chairman of the board for the time until a new nominating committee has been appointed, based on the mandate of the next Annual General Meeting. The composition of the nominating committee will be made public not later than six months ahead of the 2013 Annual General Meeting. 

The General Meeting resolved to adopt guidelines for remuneration and other terms of employment of the senior executives, mainly stipulating that remuneration will normally consist of a fixed amount and a variable amount, be market adjusted and based on competence, responsibility and achievement. Non-monetary benefits and pension benefits for senior executives should correspond to what can be considered to be reasonable in respect of practice in the market in which the respective executive is active.