Atlas Copco: Report from Atlas Copco’s Annual General Meeting 2013
STOCKHOLM -- April 30, 2013
Atlas Copco AB(STO:ATCOA)(STO:ATCOB) on Monday April 29 held its Annual
General Meeting, chaired by Sune Carlsson, Chair of the Board of Directors.
The income statements and the balance sheets of the parent company and the
Group were approved, together with the Board’s proposal for profit
The proposed dividend of SEK 5.50 per share was approved. Record day for the
dividend is May 3, 2013, and the dividend is estimated to be distributed by
Euroclear Sweden AB on May 8, 2013.
Ten board members were elected: Sune Carlsson, Staffan Bohman, Ulla Litzén,
Anders Ullberg, Margareth Øvrum, Johan Forssell, Gunilla Nordström, Peter
Wallenberg Jr and Ronnie Leten were re-elected. Hans Stråberg was elected new
member of the Board.
The Annual General Meeting re-elected Sune Carlsson as Chair of the Board.
Hans Stråberg was elected vice Chairman.
The Board of Directors’ fee was approved as follows:
A fee of SEK 1,850,000 (1,800,000) to the chair, SEK 750,000 (2011: SEK
645,000) to the vice chairman and SEK 555,000 (540,000) to each other Board
member not employed by the company. An unchanged fee to the members of the
Audit Committee, at SEK 200,000 to the Chair and SEK 125,000 to the other
members of this committee. Unchanged fees of SEK 60,000 to each of the members
of the Remuneration Committee. Unchanged fees of SEK 60,000 to each Board
member who, in addition to the above, participates in a committee in
accordance with a decision of the Board of Directors.
The Annual General Meeting approved the proposal allowing Board members to
receive half of the board fee in the form of synthetic shares and the
remaining part in cash. The Annual General Meeting also approved that the
obligation of the company to pay an amount corresponding to the synthetic
shares shall be hedged through the purchase of own series A shares.
The Annual General Meeting approved the proposal of the Board of Directors
regarding guiding principles for remuneration to senior executives (CEO and
other members of Group management) and a performance stock option plan for
The Annual General Meeting authorized the Board to decide on the purchase and
transfer of own series A shares, in order to fulfill obligations related to
the performance stock option plan for 2013, and to the part of the board fee
that consists of synthetic shares. The Board was authorized to sell shares in
order to fulfill obligations related to the performance stock option plans for
2008, 2009 and 2010, and to cover costs related to synthetic shares to the
Board of Directors.
Statutory Board meeting
A statutory Board meeting was held after the Annual General Meeting. Ulla
Litzén, Chair, Staffan Bohman and Johan Forssell were re-elected to serve on
the Audit Committee. Hans Stråberg was elected new member of the Audit
Committee. Sune Carlsson, Chair, Anders Ullberg and Peter Wallenberg Jr were
re-elected as members of the Remuneration Committee.
The speech to the shareholders by Atlas Copco’s President and CEO Ronnie Leten
will be published on the Group's website: www.atlascopco.com/agm, where also
the minutes from the Annual General Meeting will be published.
Atlas Copco discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had 39
800employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at
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Ola Kinnander, Media Relations Manager
+46 (0)8743 8060
+46 (0)70 347 2455
Mattias Olsson, Vice President Investor Relations
+46 (0)8743 8295
+46 (0)72729 8295
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