At the 31st General Meeting of Stadler Rail AG, the shareholders today approved the dividend proposal of CHF 0.90 and all other proposals of the Board of Directors. The shareholders confirmed the position of Peter Spuhler as Chairman of the Board of Directors and the appointment of all the other directors standing for election. Prof. Dr Stefan Asenkerschbaumer is to become a new member of the Board of Directors following the departure of Fred Kindle as previously announced.
In accordance with Ordinance 3 on Measures to Combat the Coronavirus, the Board of Directors of Stadler Rail AG decided to hold the 2022 Ordinary General Meeting without the physical presence of shareholders. Stadler therefore asked shareholders to exercise their rights exclusively through the independent proxy, who represented 67.8 percent of the total 100,000,000 shares.
The annual report, the financial statements and the consolidated financial statements for the 2021 financial year were approved. Furthermore, the shareholders approved the proposed appropriation of profits of CHF 259,428,804 and decided to pay a dividend of CHF 0.90 per registered share (gross). The shareholders also granted the discharge of the members of the Board of Directors and the Group Executive Board.
Peter Spuhler was re-elected Chairman of the Board of Directors. Fred Kindle, a long-standing member of the Board of Directors, did not stand for re-election. Prof. Dr. Stefan Asenkerschbaumer was newly elected to the Board of Directors.
In addition to Peter Spuhler and Prof. Dr. Stefan Asenkerschbaumer, all other members of the Board of Directors standing for election were re-elected to the Board of Directors for a one-year term of office. The positions of the members of the Compensation Committee were also confirmed. The Board of Directors of Stadler Rail AG consists of Peter Spuhler, Hans-Peter Schwald, Prof. Dr. Stefan Asenkerschbaumer, Barbara Egger-Jenzer, Dr. Christoph Franz, Doris Leuthard, Wojciech Kostrzewa and Kurt Rüegg.
Furthermore, the General Meeting approved the maximum total remuneration of the Board of Directors and of the Group Executive Board for 2023, and re-elected the independent proxy and the auditors for another year. In a non-binding advisory vote, the shareholders also approved the 2021 Remuneration Report.
The next Ordinary General Meeting of Stadler Rail AG is expected to take place on 12 May 2023.