Mycronic AB (publ) announces that the company's Nomination Committee has decided to present the following proposal to the Annual General Meeting 2020.
Election of Chairman of the Annual General Meeting
The nomination committee proposes that Patrik Tigerschiöld is elected Chairman of the Annual General Meeting.
Resolution regarding number of Board members and deputy Board members
The nomination committee proposes that the Board of Directors for the period running up until the end of the next Annual General Meeting shall be composed of six members with no deputy members and that one registered accounting firm is elected as auditor.
Determination of fees for the members of the Board of Directors and the auditor
The nomination committee proposes that the total remuneration to the Board of Directors shall remain unchanged at the amount SEK 2,430,000 for the period running until the end of the next Annual General Meeting, whereof SEK 700,000 shall constitute remuneration to the Chairman of the Board, SEK 275,000 shall constitute remuneration to each of the other five members of the Board, SEK 100,000 shall constitute remuneration to the Chairman of the audit committee, SEK 50,000 shall constitute remuneration to each of the other members of the audit committee, SEK 75,000 shall constitute remuneration to the Chairman of the remuneration committee and SEK 40,000 shall constitute remuneration to each of the other members of the remuneration committee.
The nomination committee also proposes that the auditor's fee for the period running until the end of the next Annual General Meeting is taken on current account.
Election of members of the Board of Directors and Chairman of the Board of Directors
The nomination committee proposes re-election of the Board members Anna Belfrage, Katarina Bonde, Robert Larsson, Staffan Dahlström and Patrik Tigerschiöld. The nomination committee also proposes election of Arun Bansal. Patrik Tigerschiöld is proposed to be re-elected as chairman of the Board. Ulla-Britt Fräjdin-Hellqvist has declined re-election.
Arun Bansal is Senior Vice President and Head of the Europe & Latin America market at Ericsson since 2017. He has worked in various leading international positions at Ericsson since 1995, including Senior Vice President and Head of the Radio business unit, Head of Southeast Asia and Oceania region and Country Manager in Indonesia and Bangladesh. Arun Bansal holds a Bachelor of Engineering (Electronics) from the University of Jiwaji, India, and a Postgraduate Diploma in Marketing from Indira Gandhi National Open University, India. He was born in 1968, is an Indian citizen and lives in the UK. Arun Bansal is also a board member of OPCOM Cables Sdn Bhd, Malaysia.
Election of auditor
The nomination committee proposes re-election of Ernst & Young AB as auditor for the period running until the end of the next Annual General Meeting. Ernst & Young has announced the Authorized Public Accountant Erik Sandström as responsible auditor.
Proposal regarding composition of nomination committee
The nomination committee proposes that a new nomination committee for the 2021 Annual General Meeting is appointed by the Chairman of the Board contacting - at the latest by the end of the third quarter of 2020 - the three largest or otherwise known shareholders per 31 August, 2020. The term of office shall run until a new nomination committee commences its service.
The composition of the nomination committee shall be published no later than six months before the company's Annual General Meeting.
The responsibility of the nomination committee regarding the 2021 Annual General Meeting includes proposing (i) chairman of the meeting, (ii) the number of Board members, (iii) election of members of the Board and Chairman of the Board and remuneration to Board members and the Chairman of the Board and remuneration to members of Board committees, (iv) election of auditor and remuneration to auditor and (v) the process for appointment of a new nomination committee.
The nomination committee proposes that the Annual General Meeting decides that the instruction to the nomination committee shall be the same as last year.
For additional information, please contact:
Chairman of the Nomination Committee
+46 8 614 00 20
Director Investor Relations
Tel: +46 734 018 216
The information was submitted for publication on 20 April, 2020, at 08:00 a.m.
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic's headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in France, Japan, China, the Netherlands, Singapore, the United Kingdom, South Korea, Germany and the USA. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com
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