Shareholders approved all resolutions via the Independent Proxy
- Dividend payout of CHF 1.00 per share approved
- Prof. Dr. Michael Süss was reelected as Chairman of the Board
- Irina Matveeva was elected as a new Board Member
- All Board Members who stood for reelection were voted in
- All members of the Human Resources Committee (HRC) were reelected
Pfäffikon, Schwyz, Switzerland – April 7, 2020 – A total of 71.95% of share capital were represented at the 47. Annual General Meeting of Shareholders (AGM) via the authority that was granted by shareholders to the Independent Proxy, Proxy Voting Services GmbH. Shareholders did not attend the AGM in person in line with the ordinance from the Federal Council of Switzerland in the fight against the coronavirus. Following the instructions given to the Independent Proxy, all resolutions were approved by a large majority, including the maximum aggregate total compensation of the Board for their term of office (AGM 2020 to AGM 2021), the maximum aggregate fixed compensation of the Executive Committee (EC) for the period July 1, 2020 through June 30, 2021 and the retrospective variable compensation of the EC for 2019, as well as the dividend payout of CHF 1.00 per share for 2019.
Prof. Dr. Michael Süss was reelected as the Chairman of the Board of Directors. Mrs. Irina Matveeva was elected as a new member of the Board, while Paul Adams, Geoffery Merszei, Alexey V. Moskov, Gerhard Pegam and Dr. Suzanne Thoma were all reelected as members of the Board. Furthermore, shareholders approved the reelection of Prof. Dr. Michael Süss, Geoffery Merszei, Alexey V. Moskov, Gerhard Pegam und Dr. Suzanne Thoma as members of the Human Resource Committee. All elected Board members will serve a one-year term.
“I would like to sincerely thank all our shareholders for their understanding that we hosted this year’s AGM without any shareholders attending in person. We held today a highly unusual AGM in the history of Oerlikon,” said Prof. Dr. Michael Süss. “As a team, we are working on strengthening Oerlikon, enabling us to weather the current global challenges and to further seize opportunities in attractive markets. Our goal is to create more value for all stakeholders, including shareholders, over the medium to long term. We are looking forward to things returning to normal and to welcoming our shareholders again at our AGM in 2021.”
All voting results from Oerlikon’s 2020 AGM can be found at www.oerlikon.com/agm. Further information and the short biographies of all Board Members can be found at www.oerlikon.com.
About Oerlikon
Oerlikon (SIX: OERL) engineers materials, equipment and surfaces and provides expert services to enable customers to have high-performance products and systems with extended lifespans. Drawing on its key technological competencies and strong financial foundation, the Group is sustaining mid-term growth by addressing attractive growth markets, securing structural growth and expanding through targeted mergers and acquisitions. A leading global technology and engineering Group, Oerlikon operates its business in two Segments – Surface Solutions and Manmade Fibers – and has a global footprint of more than 11 100 employees at 182 locations in 37 countries. In 2019, Oerlikon generated CHF 2.6 billion in sales and invested more than CHF 120 million in R&D.
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.
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