Annual General Meeting of Shareholders 2017
- Dividend maintained at prior year’s level; sixth consecutive dividend payout
- Prof. Dr. Michael Süss re-elected as the Chairman of the Board
- Geoffery Merszei voted in as a new Board member
- All Board members who stood for re-election and all nominated members of the Human Resources Committee (HRC) approved
Pfäffikon SZ / Lucerne, Switzerland – April 11, 2017 – A total of 295 shareholders attended Oerlikon’s Annual General Meeting of Shareholders (AGM) at the KKL Luzern in Lucerne, Switzerland, representing 73.16 % of the total share capital. All resolutions were approved, including the dividend payout of CHF 0.30 per share for 2016, the maximum aggregate prospective total compensation of the Board, the maximum aggregate prospective fixed and the retrospective variable compensation of the Executive Committee.
Prof. Dr. Michael Süss was re-elected as the Chairman of the Board of Directors, while Dr. Jean Botti, David Metzger, Alexey V. Moskov and Gerhard Pegam were re-elected as members of the Board. Geoffery Merszei was voted in as a new independent member of the Board. Additionally, shareholders approved the re-election of Prof. Dr. Michael Süss and Alexey V. Moskov, and the election of Gerhard Pegam as members of the HRC. All elected Board members will serve a one-year term.
“I sincerely thank all our shareholders for their continued support of Oerlikon,” said Prof. Dr. Michael Süss. “We laid a strong foundation for Oerlikon in 2016. Going forward, we will continue executing our strategy and working to ensure that Oerlikon reaches its fullest potential by focusing on our advanced materials, surface solutions and material processing businesses. Our unique know-how in material science and functional surface technologies, combined with our competence in the engineering and processing of materials and surfaces address key customers’ needs to increase performance and productivity of industrial products. We are confident that we will build a company that can effectively seize future opportunities in attractive markets and create more value for shareholders over the medium to long term.”
Following the election, the Board confirms that Gerhard Pegam will be appointed as Vice Chairman, and three committees will be composed as follows:
Strategy Committee:
Prof. Dr. Michael Süss (Chairman), Dr. Jean Botti (Member) and Gerhard Pegam (Member)
Audit Committee:
Geoffery Merszei (Chairman), Gerhard Pegam (Member) and David Metzger (Member)
Human Resources Committee:
Prof. Dr. Michael Süss (Chairman), Alexey V. Moskov (Member) and Gerhard Pegam (Member)
About Oerlikon
Oerlikon (SIX: OERL) is a leading global technology Group, with a clear strategy to become a global powerhouse in surface solutions, advanced materials and materials processing. Backed by the key ability to intelligently engineer and process surface solutions and advanced materials, the Group is committed to invest in value-bringing technologies that provide customers with lighter, more durable, more efficient and environmentally sustainable products. A Swiss company with over 100 years of tradition, Oerlikon has a global footprint of over 13 500 employees at more than 180 locations in 37 countries and sales of CHF 2.3 billion in 2016. The company invested CHF 94 million in R&D in 2016 and has over 1 000 specialists developing innovative and customer-oriented products and services.
Disclaimer:
OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.
The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.
