Around 120 shareholders and guests attended today's Annual General Meeting at Folkets Hus in Åseda. The meeting was chaired by Kåre Wetterberg.
CEO Per Thorsell gave a summary of last year’s events and success. Per informed about the market for aluminum profiles, both in Europe and Sweden. He gave examples of new customers and of what has been made to develop ProfilGruppen further. Finally, he reviewed the financial development for the past year.
Decisions of the Annual General Meeting
The income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet for the 2015 financial year were adopted.
Due to the Group's weak result the Annual General Meeting decided that no dividend payout shall be made for the financial year of 2015.
Election of the Board and auditor
The following Board members were reelected; Bengt Stillström, Thomas Widstrand, Mats Egeholm, Susanna Hilleskog and Kåre Wetterberg. Kåre Wetterberg was elected as Chairman.
The Company’s auditor, Ernst & Young AB, with Franz Lindström as auditor in charge, was reelected for the coming year.
The Annual General Meeting decided on fees for Board members in accordance with the nomination committees proposals. Hence, fees will be paid as follows:
To the Chairman SEK 340,000.
To other Board members elected in the meeting not employed by the company SEK 125,000 each.
The remuneration- and audit committees are included in the Board's tasks and no additional fees will be awarded. No fees will be paid to Board Members and deputies elected by the employees.
Remuneration for auditors was decided in accordance with approved invoices.
Decision on the nomination committee for the AGM 2017
The Annual General Meeting approved the proposal from the nomination committee on the procedural issues regarding how the new nomination committee is to be appointed and regarding its duties for the Annual General Meeting 2017.
Guidelines for remuneration for senior executives
The AGM decided on guidelines for remuneration for senior executives according to the proposal of the Board. No essential changes of the principles compared to last year was decided.
Minutes from the AGM
Verified minutes from the AGM will be published on the Group’s website.
The interim report for the second quarter will be submitted on 21 July 2016, 08.00 CET. Dates for the release of financial information are available on the Group’s website.
Summary of the CEO's speech and verified minutes from the meeting will be published on the company’s website.
Åseda, 19 April 2016
Board of ProfilGruppen AB (publ.)
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