HUBER+SUHNER AG's 55th Annual Meeting Sees Unanimous Approval of Board Proposals

HUBER+SUHNER AG announced the successful conclusion of its 55th Annual General Meeting on March 27, 2024, in Rapperswil SG, Switzerland. It was a significant event, marking the first time the meeting was hosted in this location. A considerable turnout was noted with 11,896,292 share votes represented, accounting for 58.89% of the total share capital.

The shareholders endorsed all items on the agenda as recommended by the Board of Directors. This endorsement included the reappointment of Urs Kaufmann as Chairman and the election of the Board's current members. Additionally, the Nomination and Compensation Committee members were re-elected, securing continuity in the company's governance.

Among the key approvals were the compensation proposals and the authorization of a CHF 1.70 gross dividend per registered share, set to be paid on April 4, 2024. A notable decision was the approval of a capital reduction through the cancellation of 1,010,000 treasury shares, acquired during a share buyback program, alongside amending the Articles of Association to reflect this change.

The detailed results of individual agenda items will be accessible in the meeting minutes on April 11, 2024, through the company's official website. HUBER+SUHNER has also aligned its future financial reporting and meeting schedules, further engaging its stakeholders.