Annual General Meeting of AB SKF

The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held in Gothenburg on Thursday, 26 March 2020.

The income statements and the balance sheets were adopted, together with the Board’s proposal for distribution of dividend. A dividend of SEK 3 per share was approved. To be entitled to receive the dividend, shareholders must be recorded in the share register on 30 March 2020.

The Meeting resolved that the Board’s fee for 2020 is to be in accordance with the following:

a firm allotment of SEK 7,257,000 to be distributed with SEK 2,133,000 to the Chairman of the Board, and with SEK 732,000 to each of the other Board members; and
 

an allotment for committee work of SEK 973,000 to be distributed with SEK 248,000 to the Chairman of the Audit Committee, with SEK 176,000 to each of the other members of the Audit Committee, with SEK 145,000 to the Chairman of the Remuneration Committee and with SEK 114,000 to each of the other members of the Remuneration Committee.

A prerequisite for obtaining an allotment is that the Board member is elected by the General Meeting and is not employed by the company.

The following Board members were re-elected: Mr. Hans Str?berg, Mr. Hock Goh, Mr. Alrik Danielson, Mr. Ronnie Leten, Ms. Barb Samardzich, Ms. Colleen Repplier and Mr. Geert Follens. The following Board members were newly elected: Mr. H?kan Buskhe and Ms. Susanna Schneeberger.

Mr. Hans Str?berg was elected Chairman of the Board.

The Meeting approved the Board’s proposal regarding principles of remuneration for Group Management and the Board’s proposal for a resolution on SKF’s Performance Share Programme 2020.

The Meeting approved the proposal presented regarding the Nomination Committee.