474 shareholders participated in person in the Annual General Meeting of dormakaba Holding AG in Zurich-Regensdorf on 22 October 2019. A total of 2,691,477 registered shares eligible to vote were represented, accounting for 64.08% of the share capital entered in the Commercial Register. All proposals were approved.
Based on the rise in net profit, the Board of Directors proposed that the General Meeting approve the payment of a dividend of CHF 16.00 per share, which is CHF 1.00 per share higher than in the previous year. The General Meeting approved this distribution, which will be paid entirely from reserves from capital contributions and is scheduled to be paid from 28 October.
The General Meeting also approved the proposed re-elections to the Board of Directors for all serving members, each for the proposed term of one year. Riet Cadonau was re-elected as Chair of the Board of Directors. Hans Hess, who was also re-elected, will continue in the roles of Lead Independent Director as well as Vice Chairman.
The serving members of the Compensation Committee, Rolf Dörig, Hans Gummert and Hans Hess, were also re-elected for a one-year term as proposed.
In a consultative vote, the General Meeting also approved the 2018/19 Compensation Report. The proposed maximum amount for compensation of the Board of Directors until the 2020 Annual General Meeting and the proposed maximum amount for compensation of the Executive Committee for the 2020/21 financial year were also approved.
The General Meeting also followed the Board’s proposal to renew the authorized capital for two further years, as well as approving the relevant amendment to the Articles of Incorporation.
The General Meeting confirmed PricewaterhouseCoopers AG, Zurich, as Auditor for a further one-year term. In addition, law firm Keller KLG was elected as independent proxy, also for a one-year term.