Resolutions adopted at SSAB’s 2022 AGM
06.4.2022 12.35 CEST 6 min luettu
SSAB's annual general meeting (AGM) was held today, April 6, 2022. In order to reduce the risk of spreading covid-19, the AGM was held by advance voting, so called postal voting, in accordance with temporary legislation. The AGM resolved on a dividend of SEK 5.25 per share for the financial year 2021.
Adoption of income statement and balance sheet
The AGM adopted the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
Allocation of result
The AGM resolved on a dividend of SEK 5.25 per share for the financial year 2021, with Friday, 8 April 2022 as the record date. Dividends are expected to be distributed by Euroclear Sweden AB on Wednesday, April 13, 2022.
Discharge from liability
The AGM granted the directors and President & CEO discharge from liability in respect of the financial year 2021.
Board and auditor fees
The AGM resolved on Board fees in the amount of SEK 1,925,000 to the Chairman of the Board and SEK 645,000 to each director who is not employed in the Group. Compensation to directors in respect of committee work in the Audit Committee will be paid in the amount of SEK 145,000 each, with the exception of the position of Chairman of the Audit Committee, for which payment will be made in the amount of SEK 260,000. Compensation to directors in respect of committee work in the Remuneration Committee will be paid in the amount of SEK 120,000 each, with the exception of the position of Chairman of the Remuneration Committee, for which payment will be made in the amount of SEK 190,000. Auditor fees will be paid in accordance with approved invoices.
It was resolved that the Board of Directors will comprise eight members. Directors Bo Annvik, Petra Einarsson, Lennart Evrell, Marie Grönborg, Martin Lindqvist and Maija Strandberg were re-elected. Bernard Fontana and Mikael Mäkinen were elected as new members of the Board. Pasi Laine was the resigning member of the Board.
Lennart Evrell was re-elected as Chairman of the Board.
It was resolved that the auditors will be one registered accounting firm. Ernst & Young AB was re-elected auditors for a term of office up to and including the 2023 AGM.
Remuneration guidelines for senior executives
Remuneration guidelines for senior executives were adopted in accordance with the Board's proposal.
It was resolved to approve the Board’s remuneration report for 2021.
Long-term incentive program 2022
It was resolved to approve the Board’s proposal on a long-term cash-based incentive program related to the SSAB share price development for up to 150 senior executives and key employees within SSAB, including the Group Executive Committee.
For further information, please contact:
Per Hillström, Head of Investor Relations, email@example.com, tel. + 46 70 295 2912