DGAP-News: Progress-Werk Oberkirch AG / Key word(s): AGM/EGM
Annual General Meeting adopts all resolutions by a large majority
- 70 percent of share capital present
- Dividend increases from EUR 1.45 to EUR 1.55
- Composition of Supervisory Board changes
- Company reconfirms 2016 outlook
Oberkirch, June 1, 2016 - At yesterday's 93rd Ordinary Annual General Meeting of
With a majority of more than 99 percent of the share capital present, all proposals were almost unanimously adopted by the shareholders. The agenda items included the presentation of the adopted financial statements, the appropriation of profits, the discharge of the members of the Management Board and Supervisory Board, and the appointment of the auditor for the 2016 fiscal year. The Annual General Meeting also extended its sincere appreciation to Mr. Dieter Maier, who, after 27 years as the chairman of the Supervisory Board of Progress-Werk Oberkirch AG, retired from his position effective as of the close of the Annual General Meeting.
Mr. Maier's successor, Mr. Karl M. Schmidhuber, was newly appointed to the Supervisory Board and will serve for the remainder of Mr. Maier's term. Mr. Schmidhuber is a former member of the Management Board and as of the close of the 2014 Annual General Meeting had resigned from the Company after a successful 20-year career at PWO. In the Supervisory Board meeting following the Annual General Meeting, Mr. Schmidhuber was elected as chairman of the Progress-Werk Oberkirch AG's Supervisory Board.
Progress-Werk Oberkirch AG
PWO company profile
PW0 is a partner to the global automotive industry for the development and production of innovative products in the divisions of "Mechanical components for electrical and electronic applications", "Safety components for airbags, seats and steering" and "Components and subsystems for vehicle bodies and chassis".
|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-0|
|Fax:||+49 (0)7802 84-273|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich|
|End of News||DGAP News Service|