Resolutions adopted at SSAB`s 2009 Annual General Meeting
31.3.2009 15.30 CEST 6 min luettu
The Annual General Meeting (AGM) was held today, March 31, 2009, in Oxelösund.
The AGM resolved that a dividend be paid in the amount of SEK 4.00 per share, with, April 3, 2009 as the record date. Payment from Euroclear Sweden AB (formerly VPC AB) is expected to take place on April 8, 2009.
Discharge from liability
The AGM granted the directors and the President discharge from liability for the 2008 financial year.
The AGM resolved that Board fees be paid in the amount of SEK 1,200,000 to the Chairman of the Board and SEK 400,000 to each director who is not employed in the Group. Compensation to directors in respect of committee work shall be paid in the amount of SEK 75,000 each, with the exception of the position of Chairman of the Audit Committee, for which payment shall be made in the amount of SEK 100,000. Fees shall paid to the auditor in accordance with approved invoices.
The AGM resolved that there be nine directors. Re-election of the directors Carl Bennet, Anders G Carlberg, Olof Faxander, Sverker Martin-Löf, Marianne Nivert, Anders Nyrén, Matti Sundberg and Lars Westerberg and John Tulloch was newly elected.
Re-election of Sverker Martin-Löf as Chairman of the Board.
The AGM resolved to amend Article 1 of the by-laws: “The Company’s name is SSAB AB. The Company is a public company (publ). The Company’s name in English is SSAB Corporation”.
Supplement to the guidelines for determination of salaries and other compensation for the President and other senior executives
The AGM resolved to approve the guidelines for determination of salaries and other compensation for the President and other senior executives in accordance with the Board´s proposal included in the notice to attend the AGM with the following supplement:
"The variable compensation program should be structured such that the Board of Directors has the possibility, should exceptional economic circumstances prevail, to restrict the payment of variable compensation, or to decline to make such payment, where such a measure is deemed reasonable and compatible with the Company's responsibilities to its shareholders, employees and other stakeholders."
The complete guidelines are available on the Company´s website.
This information is such that SSAB must disclose in accordance with the Securities Markets Act. The information was submitted for publication on March 31, 2009 at 3.30 pm.