Key Highlights from HMS Networks' Recent Annual General Meeting

Key Resolutions from the Annual General Meeting at HMS Networks

HMS Networks AB (publ) has recently held its Annual General Meeting, where crucial decisions were made regarding the company's future. These resolutions reflect the collective vision of the Board of Directors and the Nomination Committee, encompassing financial strategies and governance structure.

Allocation of Earnings for the Financial Year

During the meeting, the decision was made to withhold dividends for the 2024 financial year as proposed by the Board. Instead, the profit will be retained and carried forward, demonstrating HMS's commitment to reinvestment and long-term growth.

Income Statement and Balance Sheet Approval

The Board's presentation of the income statement and balance sheet for HMS Networks was formally adopted. This adoption enables the company to maintain transparency and accountability in its financial dealings, reinforcing trust with stakeholders.

Board Elections and Auditor Appointments

The AGM proceeded to elect six Board members and one registered public accounting firm to serve as auditor. Noteworthy elections included the reappointment of Charlotte Brogren as Chairman of the Board and the confirmation of Öhrlings PricewaterhouseCoopers AB as the auditing firm.

Determination of Board Members' Fees

Furthermore, the meeting established a comprehensive fee structure for Board members, amounting to SEK 2,575,000. These fees reflect the roles incurred by the members in their respective capacities, including the divided fees for the Audit Committee.

Board's Remuneration Report Overview

The Board's remuneration report received approval, which outlines compensation strategies and ensures fair payment for the company's senior executives. This report delineates any changes made to reflect the modern demands of the industry and maintain competitive compensation levels.

Guidelines for Senior Executive Remuneration

Guidelines concerning remuneration for senior executives were outlined, particularly emphasizing pension frameworks related to variable pay. These guidelines serve as a benchmark for equitable compensation within the organization, promoting a balanced approach to staff remuneration.

Authorization for New Share Issues

In a strategic move to support potential acquisitions, the AGM authorized the Board to issue new shares, limited to 10 percent of the company’s share capital. This initiative positions HMS Networks to expand its footprint and optimize potential growth opportunities.

Implementation of the Share Saving Plan 2026-2029

The performance-based share saving plan for 2026-2029 was introduced, aimed at fostering employee engagement through share ownership. This plan accommodates up to 60,000 shares, alongside an authorization for the Board to repurchase shares to ensure proper allocation within the program.

For further inquiries, please reach:
Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01
Joakim Nideborn, CFO HMS, +46 (0)35 710 6983

About HMS Networks
HMS Networks AB is a leading provider of products and solutions within Industrial Information and Communication Technology (Industrial ICT). With a dedicated team of over 1,100 employees, the company conducts sales through numerous global offices and a wide network of distributors. Notably, HMS reported impressive sales figures of SEK 3,059 million in the previous financial year, underscoring its robust position in the market.

Frequently Asked Questions

What major resolutions were passed at the AGM?

The AGM approved no dividends for the 2024 financial year, elected Board members, and authorized new share issues.

What will happen to the earnings from 2024?

The profit for the 2024 financial year will be retained and carried forward to support future growth initiatives.

Who were the re-elected Board members?

The Board members re-elected include Charlotte Brogren, Anders Mörck, Cecilia Wachtmeister, Niklas Edling, Anna Kleine, and Johan Stakeberg.

What is the Share Saving Plan 2026-2029?

This program allows employees to benefit from share ownership, enhancing engagement and commitment to the company's success.

How does HMS Networks contribute to Industrial ICT?

HMS Networks provides cutting-edge solutions and products that facilitate communication and information exchange in industrial sectors, ensuring efficiency and connectivity.

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