Highlights from Aktiebolaget SKF's Annual General Meeting 2026

Annual General Meeting of Aktiebolaget SKF 2026

On April 21, 2026, the annual general meeting (AGM) of Aktiebolaget SKF took place in Gothenburg, Sweden, witnessing significant developments in corporate governance and financial strategy. Key components of the meeting included the approval of the financial statements, dividend resolutions, and pivotal board appointments which are crucial for future corporate operations.

The assembly commenced with the adoption of the income statement and balance sheet, alongside the consolidated financial statements. After thorough discussions, shareholders resolved to distribute a dividend totaling SEK 7.75 per share. The payout will be executed in two installments: the first installment of SEK 4.00 per share, scheduled for distribution on April 23, 2026, and the second installment of SEK 3.75, anticipated to occur on October 15, 2026.

The meeting confirmed that the members of the Board of Directors and the President were discharged from liability concerning their management of the company for the past financial year. Additionally, it was agreed to maintain twelve members on the Board—a crucial decision reflecting an ongoing commitment to governance and strategic direction.

In an important move towards transparency and equitable remuneration, it was established that non-employee Board members will receive a fixed fee, including SEK 3,250,000 to the Chair, SEK 1,625,000 to the Vice Chairs, and SEK 1,060,000 for other Board members. This structure introduces a variable fee component intended to align Board compensation with company performance, thus encouraging accountability.

The meeting also announced the re-election of several existing board members, including Hans Stråberg as Chair. New members Karen Florschütz and Maximiliane Straub were added, addressing the need for diverse expertise on the Board. The Vice Chair positions were appointed to Håkan Buskhe and Mats Rahmström, emphasizing the distribution of responsibilities among experienced directors.

In terms of corporate governance improvement, the establishment of two new committees was a significant highlight. The Audit and Sustainability Committee and the People Committee will play vital roles in overseeing the specific areas of audit functions and human resources respectively, thereby enhancing the oversight capabilities of the Board.

The meeting further decided to modify existing Articles of Association to adjust the term of the appointed auditor, ensuring stringent adherence to regulatory compliance. Deloitte AB was re-appointed as the official auditor for the next two fiscal years, confirming stability in the company's auditing processes.

Moreover, SKF introduced new guidelines regarding executive remuneration, underscoring a commitment to fairness in compensation while adhering to industry standards. The performance share program for 2026 was also reviewed, aligning executive incentives with long-term company performance, promoting a culture of achievement and accountability.

The AGM concluded with affirmation of the Board of Directors' remuneration report, reinforcing the commitment to transparency. These discussions and decisions position Aktiebolaget SKF strategically for the future, ensuring robust governance and sustainable growth in a competitive market landscape.

For further inquiries, you can contact Press Relations at +46 31-337 2517 or Investor Relations at +46 31-337 8072. Comprehensive details regarding the AGM and official documents can be accessed on the SKF corporate governance website.