Annual General Meeting of Komax Holding AG approves all proposals of the Board of Directors
Shareholders attending the Annual General Meeting of Komax Holding AG, held on 16 April 2019 at the Culture and Congress Centre Lucerne (KKL), approved all the proposals of the Board of Directors. Among other things, they elected Dr. Mariel Hoch to the Board of Directors as a new member and approved an increase in the distribution to CHF 7.00 per share. A total of 396 shareholders participated in the Annual General Meeting. Overall, 45.4% of the share capital was represented.
Shareholders attending the Annual General Meeting approved, among other things, the distribution of CHF 7.00 (previous year: CHF 6.50) per share. CHF 0.80 of this will be paid from capital contribution reserves. The payout ratio equates to 52.0%. The ex-date is Thursday, 18 April 2019, and the dividend will be paid out on Wednesday, 24 April 2019.
After 14 years on the Board of Directors, of which the last five were served as Vice-Chairman, Daniel Hirschi chose not to stand for re-election at this year’s Annual General Meeting. Chairman Beat Kälin thanked Daniel Hirschi for his dedication to the company over many years and wished him all the best for the future. The remaining five members of the Board of Directors all stood for re-election and were confirmed for a further term of office of one year by shareholders. These are: Beat Kälin (Chairman), David Dean, Andreas Häberli, Kurt Haerri, and Roland Siegwart. In addition, the shareholders elected a new member of the Board of Directors in the person of Dr. Mariel Hoch. The new board member specializes in M&A transactions in particular, and advises listed companies on corporate and regulatory matters.
In addition, as with all the other proposals put forward, a large majority of shareholders approved the proposals regarding remuneration. They approved the 2018 Compensation Report (consultative vote) and the proposed total compensation payable to the Board of Directors and the Executive Committee for the 2020 financial year.