#Sweden #Gothenburg #Annual General Meeting #Aktiebolaget SKF

Notice of Aktiebolaget SKF Annual General Meeting

SKF, the renowned global company in bearing technology, has announced that its Annual General Meeting (AGM) will take place on April 1, 2025, at the Radisson Blu Scandinavia Hotel in Gothenburg, Sweden. The event will commence at 14:00 local time, with attendees encouraged to arrive early; doors will open at 13:00, and light refreshments will be served until 14:00.

Preparations for Attendance

To facilitate participation, shareholders are required to ensure they are listed in the shareholders' register maintained by Euroclear Sweden AB by March 24, 2025. Those wishing to vote by post must notify their intention by sending in their postal votes according to provided instructions before the deadline of March 26, 2025. For those planning to attend in person, notifying SKF through their website, phone, or email is mandatory by the same date. This includes shareholders whose shares are registered under a nominee, who need to ensure their shares are registered under their name by the date specified.

Meeting Agenda Highlights

The AGM will include several key agenda items, amongst them: the presentation of the annual and audit reports, decisions on profit distribution, and appointments for the Board of Directors. It is also the occasion for shareholders to listen to the President's address, which will be available later on the company website following the meeting.

The board has proposed a dividend of SEK 7.75 per share, subject to approval at the AGM, with a record date set for shareholders on April 3, 2025. The meeting will also feature discussions of the long-term Performance Share Programme that aims to align key employee performance with shareholder interests over the next years.

Key Election Proposals

Among the elections, the Nomination Committee proposes the election of Erik Sjöman as Chair of the meeting and suggests maintaining a board with eleven members. Noteworthy names up for re-election include prominent figures like Hans Stråberg and Rickard Gustafson, alongside proposed newcomer Mats Rahmström. Shareholders can find details of the nominees on SKF's website, allowing for a comprehensive review ahead of the vote.

Proxy Voting

For those unable to attend, participation through proxy voting is also an option. Shareholders must submit their proxy forms prior to the meeting via the provided contact methods. A valid identification document for legal entities must also accompany the submission. While postal votes are encouraged, those planning to attend in person are required to notify SKF of their attendance separately.

Accessibility and Resources

An accessibility statement indicating necessary accommodations and resources for shareholders is available on SKF’s corporate governance page. Questions regarding the AGM may also be directed to either investor relations or media relations personnel specified in company communication.

Conclusion

The AGM presents an important opportunity for Aktiebolaget SKF shareholders to engage with the company’s leadership, voice opinions, and make key decisions pertinent to its future. It reflects SKF’s commitment to transparency and corporate governance, further promoting active shareholder participation. Shareholders are encouraged to prepare for the upcoming meeting by reviewing documentation available on the company's website well in advance.