Ericsson's Annual General Meeting
Ericsson's (NASDAQ: ERIC) Annual General Meeting of shareholders will be held at the Annex to the Ericsson Globe, Globentorget, Stockholm, Sweden at 3pm on Wednesday, April 22, 2009. Below is an extract from the notice. The complete notice of the Annual General Meeting is enclosed as a PDF file.
The nomination committee proposes Michael Treschow is re-elected Chairman of the board of directors; and Roxanne S. Austin, Sir Peter L. Bonfield, Börje Ekholm, Ulf J. Johansson, Sverker Martin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg and Marcus Wallenberg are re-elected members of the board of directors. It also proposes the number of board members to be elected by the meeting remains ten and no deputy directors be elected.
The nomination committee proposes in substance an unchanged procedure on appointment of the nomination committee.
The nomination committee proposes unchanged board of directors fees and it be possible, as last year, to pay part of the fees to the directors, in respect of their board assignment (however, not in respect of committee work), in the form of synthetic shares. A synthetic share signifies a right to receive future payment of an amount corresponding to the market price of a share of series B in the company on NASDAQ OMX Stockholm at the time of payment.
The board of directors proposes the Annual General Meeting of shareholders resolves on the guidelines for remuneration and other employment terms for the senior management for the period up to the 2010 Annual General Meeting. The guidelines proposed do not comprise any material changes compared to the principles resolved by the 2008 Annual General Meeting.
The board of directors proposes the implementation of the Long-Term Variable Remuneration Program 2009 (LTV 2009), which is in all material respects similar to the previous programs. The board of directors further proposes a directed share issue and buy-back of 27 million C-shares and that the board of directors shall be authorized to resolve on an offer to acquire shares directed to all holders of C-shares in Ericsson in order to finance the compensation plan.
The board of directors proposes a dividend of SEK 1.85 per share and Monday, April 27, 2009, as record date for dividend. Assuming this date will be the record day, Euroclear Sweden AB (formerly VPC AB) is expected to disburse dividends on Thursday, April 30, 2009.
The nomination committee proposes Michael Treschow is re-elected Chairman of the board of directors; and Roxanne S. Austin, Sir Peter L. Bonfield, Börje Ekholm, Ulf J. Johansson, Sverker Martin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg and Marcus Wallenberg are re-elected members of the board of directors. It also proposes the number of board members to be elected by the meeting remains ten and no deputy directors be elected.
The nomination committee proposes in substance an unchanged procedure on appointment of the nomination committee.
The nomination committee proposes unchanged board of directors fees and it be possible, as last year, to pay part of the fees to the directors, in respect of their board assignment (however, not in respect of committee work), in the form of synthetic shares. A synthetic share signifies a right to receive future payment of an amount corresponding to the market price of a share of series B in the company on NASDAQ OMX Stockholm at the time of payment.
The board of directors proposes the Annual General Meeting of shareholders resolves on the guidelines for remuneration and other employment terms for the senior management for the period up to the 2010 Annual General Meeting. The guidelines proposed do not comprise any material changes compared to the principles resolved by the 2008 Annual General Meeting.
The board of directors proposes the implementation of the Long-Term Variable Remuneration Program 2009 (LTV 2009), which is in all material respects similar to the previous programs. The board of directors further proposes a directed share issue and buy-back of 27 million C-shares and that the board of directors shall be authorized to resolve on an offer to acquire shares directed to all holders of C-shares in Ericsson in order to finance the compensation plan.
The board of directors proposes a dividend of SEK 1.85 per share and Monday, April 27, 2009, as record date for dividend. Assuming this date will be the record day, Euroclear Sweden AB (formerly VPC AB) is expected to disburse dividends on Thursday, April 30, 2009.
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