04/15/2021 | Press release | Distributed by Public on 04/15/2021 11:18
April 15, 2021
Wetzikon/Switzerland, April 15, 2021 - The Annual General Meeting of Elma Electronic AG approved all agenda items and proposals put forward by the Board of Directors.
The ordinary Annual General Meeting of April 15, 2021 was held at the headquarters of Elma Electronic AG in Wetzikon, Switzerland, without the physical attendance of shareholders. Based on Art. 27 of COVID-19 Ordinance 3 on measures to prevent the spread of the coronavirus, the Board of Directors decided to take this precautionary measure to protect their shareholders. At this year's Annual General Meeting, the independent proxy therefore represented 134'532 shares or 58.88% of the registered share capital of Elma.
The Annual General Meeting approved the Annual Report as well as the annual financial statements and the consolidated financial statements for the financial year 2020. In addition, the Annual General Meeting approved the appropriation of the accumulated earnings for 2020. It decided to forego the payment of a dividend. The members of the Board of Directors and the Group Management were granted discharge. The proposal for overall compensation of the Board of Directors for the period between the 2021 and 2022 Annual General Meetings was approved, as was the overall compensation of the Group Management for the financial year 2022.
Rudolf W. Weber reached the age limit stipulated in Elma's by-laws. He was thus no longer available for re-election and will resign from the Board of Directors after the completion of the 2021 Annual General Meeting. The remaining four members of the Board of Directors Martin Wipfli, Walter Häusermann, Peter Hotz and Fred Ruegg were re-elected, each for a term of office of one year extending until completion of the next ordinary Annual General Meeting, as was the Chairman of the Board of Directors, Martin Wipfli. The shareholders elected the members of the Compensation Committee, Peter Hotz (existing) and Fred Ruegg (new). The law firm FRORIEP Legal AG was re-elected as independent proxy for a one-year term of office extending until completion of the next ordinary Annual General Meeting. PricewaterhouseCoopers AG was re-elected as the external auditor for the financial year 2021 until completion of the next ordinary Annual General Meeting.
Contacts:
Elma Electronic AG
Hofstrasse 93
CH-8620 Wetzikon
Martin Wipfli Thomas Herrmann
Chairman CEO Elma Group
Tel. +41 44 933 42 91 Tel. +41 44 933 43 04
[email protected]