Highlights from the Upcoming Annual General Meeting of Sandvik Aktiebolag

Upcoming Annual General Meeting of Sandvik Aktiebolag

Sandvik Aktiebolag, a leading global engineering company, will hold its Annual General Meeting (AGM) on April 29, 2025, at the Ferrum Arena in Sandviken, Sweden. The meeting is expected to attract significant attention from shareholders as they gather to discuss key issues that impact the company's future direction.

Meeting Agenda

The agenda is quite comprehensive, detailing several crucial items which include:

1. Opening of the Meeting
2. Election of Chairman of the Meeting
3. Preparation and approval of the voting list
4. Approval of the agenda
5. Presentation of the Annual Report, along with the Auditor's Report
6. A speech from the President and CEO
7. Adoption of the Profit and Loss Account and Balance Sheet
8. Discharge from liability for the Board members and the President
9. Dividend distribution resolution, proposing SEK 5.75 per share
10. Election of Board members and Auditors
11. Proposal for a long-term incentive program (LTI 2025) and more.

Registration for the AGM will commence at 2:30 PM, followed by a pre-program at 3:15 PM focusing on local talent attraction initiatives, led by the principal of Göranssonska Skolan along with students sharing insights on educational opportunities and corporate training programs in Sandviken.

Participation

Shareholders are encouraged to participate by attending the meeting either in person or by appointing a proxy. For those wishing to vote without attending, postal voting is also an option. It is imperative that shareholders notify Sandvik of their intention to participate by April 23, 2025. This can be done via the company’s website, email, or by phone.

Those whose shares are held in a nominee account must ensure their shares are registered in their name by April 17, 2025 to be eligible to vote. This includes acquisition timings and proper documentation to facilitate voting.

Special Proposals

An exciting part of this AGM is the introduction of likely new initiatives. For instance, Sandvik plans to discuss a long-term incentive program (LTI 2025) aimed at engaging senior executives and key contributors. This program highlights Sandvik’s commitment to aligning employee interests with shareholders by facilitating share-based incentives. This is anticipated to have implications for around 350 key participants in the organization.

Additionally, a shareholder, Kent Eklund, has proposed that Sandvik contribute towards the preservation of Edske Masugn, a site of significant historical value in Sweden. This proposal underscores Sandvik’s corporate responsibility and commitment to preserving its heritage.

Awards and Recognition

A highlight of the event will be the awarding of the Wilhelm Haglund medal and the Sandvik Sustainability Award in memory of Sigrid Göransson, marking the company’s dedication to both excellence in craftsmanship and sustainable practices.

Conclusion

As Sandvik prepares for its AGM, stakeholders are looking forward to discussions that focus on growth, community engagement, and sustainable practices. With the backdrop of a rich history and a vision for future innovation, this annual gathering is set to establish the themes that will guide Sandvik in navigating the challenges and opportunities ahead.