Dierikon, 12 April 2023
Media release
Annual General Meeting approves dividend increase
At the Annual General Meeting held on 12 April 2023 at the Culture and Convention Center Lucerne, the shareholders of Komax Holding AG approved all the proposals of the Board of Directors. Among other things, they confirmed all incumbent members of the Board of Directors for another term of office and approved a dividend of CHF 5.50 per share as well as the proposed amendment to the Articles of Association.
307 shareholders took part in the Annual General Meeting of Komax Holding AG at the Culture and Convention Center Lucerne. They approved all proposals of the Board of Directors by a significant majority. Overall, 70.8% of the share capital was represented.
The shareholders approved the proposed dividend increase to CHF 5.50 per share (previous year: CHF 4.50), corresponding to a payout ratio of 54.5%. Of this amount, CHF 2.75 will be distributed from capital contribution reserves, and will therefore be tax-free for natural persons domiciled in Switzerland who hold the shares as part of their private assets. The ex-date is Friday, 14 April 2023. The dividend will be paid on Tuesday, 18 April 2023.
The comprehensive amendment of the Articles of Association was also widely approved. Komax Holding AG can therefore comply with the requirements of the revised Swiss law on companies limited by shares, which entered into force on 1 January 2023, and also reflect current best practice in the area of corporate governance.
Finally, the shareholders re-elected all seven incumbent members of the Board of Directors for a further term of one year. These are Beat Kälin (Chairman), David Dean, Andreas Häberli, Kurt Haerri, Mariel Hoch, Roland Siegwart, and Jürg Werner. The shareholders elected Andreas Häberli, Beat Kälin, and Roland Siegwart to the Remuneration Committee.
The detailed voting results can be found in the appendix below.
Contact Roger Müller
Vice President Investor Relations / Corporate Communications Tel. +41 41 455 06 16 roger.mueller@komaxgroup.com
Komax is a globally active technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, the Komax Group helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs around 3400 people worldwide and provides sales and service support via subsidiaries and independent agents in more than 60 countries.
Komax news portal
Topics and insights from the world of automated wire processing: https://newsportal.komaxgroup.com/en
Komax Holding AG, Industriestrasse 6, 6036 Dierikon, Switzerland
Phone +41 41 455 04 55, komaxgroup.com
APPENDIX - Voting results of the 2023 Annual General Meeting
Proposal of the | No votes / Proportion of | ||||
Agenda item | Board of Directors | Yes votes | abstentions | yes votes | |
1. | Approval of the Annual Report and financial statements of Komax | ||||
Holding AG as well as the consolidated financial statements for the | |||||
2022 financial year | Yes votes | 3,620,424 | 12,291 | 99.66% | |
2. | Discharge of the Board of Directors and Executive Committee | Yes votes | 3,585,687 | 17,684 | 99.51% |
3. | Appropriation of profit for the 2022 financial year | Yes votes | 3,629,856 | 2,859 | 99.92% |
4. Elections
4.1 | Re-elections to the Board of Directors | ||||
Beat Kälin as Chairman of the Board of Directors | Yes votes | 3,432,496 | 200,219 | 94.49% | |
David Dean as member of the Board of Directors | Yes votes | 3,604,667 | 28,048 | 99.22% | |
Andreas Häberli as member of the Board of Directors | Yes votes | 3,352,719 | 279,996 | 92.29% | |
Kurt Haerri as member of the Board of Directors | Yes votes | 3,620,734 | 11,981 | 99.67% | |
Mariel Hoch as member of the Board of Directors | Yes votes | 3,607,683 | 25,032 | 99.31% | |
Roland Siegwart as member of the Board of Directors | Yes votes | 3,094,862 | 537,853 | 85.19% | |
Jürg Werner as member of the Board of Directors | Yes votes | 3,571,870 | 60,845 | 98.33% |
4.2 Re-elections to the Remuneration Committee
Andreas Häberli as member of the Remuneration Committee | Yes votes | 3,335,053 | 297,662 | 91.81% | |
Beat Kälin as member of the Remuneration Committee | Yes votes | 3,338,045 | 294,670 | 91.89% | |
Roland Siegwart as member of the Remuneration Committee | Yes votes | 3,154,488 | 478,227 | 86.83% | |
4.3 | Re-election of the independent proxy | ||||
Law firm Tschümperlin Lötscher Schwarz AG, Lucerne | Yes votes | 3,621,299 | 11,416 | 99.69% |
4.4 Re-election of the external auditors
PricewaterhouseCoopers AG, Basel | Yes votes | 2,932,184 | 700,531 | 80.71% |
Proposal of the | No votes / | Proportion of | ||
Agenda item | Board of Directors | Yes votes | abstentions | yes votes |
5. Compensation
5.1 | Advisory vote on the Compensation Report for the 2022 financial year | Yes votes | 3,277,892 | 354,823 | 90.23% |
5.2 Approval of the total compensation payable to the Board of Directors
for the 2024 financial year | Yes votes | 3,579,347 | 53,368 | 98.53% |
5.3 Approval of the total compensation payable to the Executive Committee
for the 2024 financial year | Yes votes | 3,453,690 | 179,025 | 95.08% |
6. Amendments to the Articles of Association
6.1 | Capital band | Yes votes | 3,543,025 | 89,690 | 97.53% |
6.2 Board of Directors, Executive Committee: external mandates,
remuneration, and compensation for non-competition clauses | Yes votes | 3,224,819 | 407,896 | 88.78% | |
6.3 | Sustainability | Yes votes | 3,536,448 | 96,267 | 97.35% |
6.4 | Place of jurisdiction | Yes votes | 3,626,386 | 6,329 | 99.83% |
6.5 Amendments in line with the revised legislation, streamlining, electronic
means, and wording | Yes votes | 3,613,698 | 19,017 | 99.48% |
Attachments
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Disclaimer
Komax Holding AG published this content on 12 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2023 08:54:01 UTC.