Key Highlights from Ericsson's Annual General Meeting of 2026 Held in Kista

On March 31, 2026, Telefonaktiebolaget LM Ericsson, traded on NASDAQ as ERIC, held its Annual General Meeting (AGM) in Kista, Stockholm. The meeting saw participation from shareholders who had the option to vote by mail beforehand, facilitating broader engagement in company decisions.

Adoption of Financial Statements

One of the first major resolutions passed was the adoption of the Income Statements and Balance Sheets for the financial year 2025. This step is crucial as it reflects the company’s financial health and performance for the previous year, enabling shareholders to gauge the efficacy of management's strategies and operations.

Dividend Approval

In a significant move for investors, the AGM approved a proposed dividend of SEK 3.00 per share. This dividend will be disbursed in two installments: the first payment of SEK 1.50 per share, with a record date set for April 2, 2026, and the second installment of the same amount, scheduled for September 29, 2026. Euroclear Sweden AB is anticipated to process the first payment on April 9, 2026, followed by the second payment on October 2, 2026. This decision underscores Ericsson's commitment to rewarding its shareholders consistently.

Resolution on Remuneration

The meeting also focused on the remuneration report for the Board of Directors for 2025, which was adopted without any objections. This is part of the company's effort to ensure transparency and accountability in executive compensation.

Discharge from Liability

In an important governance milestone, the AGM granted discharge from liability to the Board members and the President for the financial year 2025. This act typically symbolizes shareholder confidence in the leadership team and its management of company affairs.

Board of Directors Elections

The AGM saw the re-election of several key figures to the Board of Directors, enhancing continuity within leadership. Jan Carlson was re-elected as Chair of the Board, with other prominent members like Jon Fredrik Baksaas and Börje Ekholm securing their positions as well. Additionally, employees' representatives were appointed by the unions, ensuring that staff interests are also communicated within board discussions.

Fees for Board Members

The AGM resolved on the remuneration for Board members, establishing a yearly fee of SEK 5,200,000 for the Chair, while each non-employee Board member is set to receive SEK 1,400,000. Special committee work compensation was also detailed, emphasizing various additional fees for participation in committees central to audit and compliance, enterprise business, finance, and remuneration.

Executive Compensation Programs

A significant topic of discussion was the approval of the Long-Term Variable Compensation Program 2026, which will affect the Executive Team and around 180 employees classified as Executives. This program sets a framework for performance-based share awards, fostering alignment between remuneration and company performance.

This initiative allows for a maximum of 7.4 million B-shares to be granted, which can vest after three years contingent on meeting specified performance conditions. Such programs are crucial for attracting and retaining top talent while incentivizing executives to drive company growth.

Auditor Reappointment

Deloitte AB was re-elected as the company auditor until the conclusion of the AGM in 2027. This reappointment reflects trust in Deloitte's services and is expected to bolster financial integrity and transparency within the company.

Share Buyback Authorization

Moreover, the Board was granted authorization for share repurchases, further enabling management to manage the capital structure effectively. This kind of strategy is of paramount importance as it can enhance shareholder value and signal confidence in the company’s future performance.

Share Structure Overview

As of March 31, 2026, the company holds a total of 3,371,351,735 shares, which includes 261,755,983 A-shares and 3,109,595,752 B-shares. Notably, the treasury stock comprised 38,002,276 B-shares at the time of the AGM, which reflects on the company's liquidity and capacity to manage shares efficiently.

In summary, Ericsson's AGM in 2026 was a pivotal moment that outlined its governance structure, financial health, and strategy for future growth. The decisions made during this gathering set a clear path for the company's development and its commitment to enhancing shareholder value through strategic initiatives and transparent operations.