Decisions of Wärtsilä's Annual General Meeting 6 March

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Decisions of Wärtsilä's Annual General Meeting 6 March 2014

Wärtsilä Corporation, Minutes of Annual General Meeting, 6 March 2014 at 17.00 EET Decisions of Wärtsilä's Annual General Meeting 6 March 2014 Wärtsilä's Annual General Meeting approved the financial statements and discharged the members of the Board of Directors and the company's President & CEO from liability for the financial year 2013. The Meeting approved the Board of Directors' proposal to pay a dividend of EUR 1.05 per share. The dividend will be paid to shareholders who are recorded in the company's shareholder register maintained by Euroclear Finland Ltd. The record date is 11 March 2014. The dividend will be paid on 18 March 2014. The Annual General Meeting approved the following fees to the members of the Board of Directors: - to the ordinary members EUR 60,000/year - to the deputy chairman EUR 90,000/year - to the chairman EUR 120,000/year In addition, each member will be paid EUR 400/meeting of the Board attended, the chairman's meeting fee being double this amount. Each member of the Nomination Committee and the Remuneration Committee will be paid EUR 500/committee meeting attended and each member of the Audit Committee will be paid EUR 1,000/committee meeting attended, the chairmen's meeting fees being double these amounts. Roughly 40% of the annual fee is paid in Wärtsilä shares. Board of Directors and Auditor The Annual General Meeting decided that the Board of Directors shall have nine members. The following were elected to the Board: M.Sc. (Techn), MBA Maarit Aarni-Sirviö, Managing Director Kaj-Gustaf Bergh, M.Sc. (Eng) Sune Carlsson, M.Sc. (Econ), MBA Alexander Ehrnrooth, M.Sc. (Econ) Paul Ehrnrooth, B.Sc. (Econ) Mikael Lilius, Managing Director Risto Murto, President and CEO Gunilla Nordström and Executive Vice President Markus Rauramo. It was decided to pay the auditors' fees as invoiced and approved by the company. The firm of public auditors KPMG Oy Ab was appointed as the company's auditors for the year 2014. Authorisation to repurchase and distribute the Company's own shares The Board of Directors was authorised to resolve to repurchase a maximum of 19,000,000 of the Company's own shares. The authorisation to repurchase the Company's own shares shall be valid until the close of the next Annual General Meeting, however no longer than for 18 months from the authorisation of the shareholders' meeting. The Board of Directors was authorised to resolve to distribute a maximum of 19,000,000 of the Company's own shares. The authorisation for the Board of Directors to distribute the Company's own shares shall be valid for three years from the authorisation of the shareholders' meeting and it cancels the authorisation given by the General Meeting on 7 March 2013. The Board of Directors is authorised to resolve to whom and in which order the own shares will be distributed. The Board of Directors is authorised to decide on the distribution of the Company's own shares otherwise than in proportion to the existing pre-emptive right of the shareholders to purchase the Company's own shares. The decisions were taken without voting. The minutes of the meeting will be available on www.wartsila.com/investors as of 20 March 2014 at the latest. Wärtsilä Corporation [HUG#1766883]

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Termite Swarmers: Essential Clues and Action Steps

Updated Category News Views 198

Understanding the Intrusive Nature of Termite Swarmers When it comes to creepy crawlies wreaking havoc on your beloved abode, termites are the stealthy troublemakers you need to keep an eye out for. Just because you catch a glimpse of them doesn't mean the damage is obvious or minimal. Spotting the Culprits: Termites vs. Ants Identifying what you're up against is the...

Continue Reading
Allegiant Overhauls Service with UNLV Training

Updated Category News Views 0

Allegiant Airlines and UNLV: A Unique Collaboration The world of airline customer service is about to get a shakeup, thanks to a new collaboration between Allegiant Airlines and the University of Nevada, Las Vegas' renowned William F. Harrah College of Hospitality. It's a partnership that aims to bring a new level of service to the skies, guided by some of the best minds...

Continue Reading
Sinopec Unveils Biodiversity Report at COP17

Updated Category News Views 30

Sinopec's First Step on the Global Biodiversity Stage Seems like Sinopec (HKG: 0386) has decided to toss its hat into the biodiversity conservation ring. At COP17 in Armenia, they released their inaugural Global Biodiversity Conservation Report—an event that marks more than just a company selling oil and gas. Now, they're talking wildlife and ecologies. Is that irony,...

Continue Reading
Muyang Group's High-Stakes Legal Battle Over Corporate Sabotage

Updated Category News Views 21

Decades of Corporate Drama Unfold in Court A pesky legal storm is brewing from the heart of Yangzhou, China, as Jiangsu Muyang Group battles former execs in a lawsuit that reeks of corporate intrigue. You can't make this stuff up—downright Shakespearean treachery unfolding at a feed machinery powerhouse! Muyang's courtroom escapades haven't exactly flown under the...

Continue Reading
Veteran Surge in 2026 Midterm Elections: A New Wave

Updated Category News Views 43

A Swell of Veteran Candidates Hits the Midterm Shores Just when you think you've seen it all in politics, here comes another twist. As the 2026 midterms gear up, an impressive 258 military veterans are throwing their hats into the congressional ring. That's a jump up from 213 just two years back, and let me tell you, it's not just a numbers game—it's a sea change. Women...

Continue Reading
Investcorp's Strong 2026: A Deep Dive into Key Moves

Updated Category News Views 139

Diving into Investcorp's Robust 2026 Performance If you're clued into the investment scene, you'll know that a $65.2 billion asset base isn't small potatoes. At the Gateway Gulf 2026, Investcorp didn't just present numbers—they laid out a dramatic year of action packed with billion-dollar dreams. While the dust hasn't quite settled yet, the first nine months of the year...

Continue Reading
Aosom Unveils Its Boldest Black Friday Extravaganza

Updated Category News Views 23

Black Friday Heat Kicks Off Early at Aosom All the seasoned shoppers out there smell a deal from a mile away, and Aosom isn't taking any chances by launching their Black Friday bash smack dab on November 2nd. This isn’t just any sale, it’s shaping up to be their most gigantic festival of discounts yet. Across Europe and North America, folks are rubbing their hands...

Continue Reading
2026 Rawlings Gold Glove Award Winners Announced

Updated Category News Views 142

Fielding Excellence on Display: The 2026 Rawlings Gold Glove Awards The Rawlings Gold Glove Awards have once again shone the spotlight on baseball's defensive maestros. Announced by Rawlings Sporting Goods Company, Inc., on November 1, 2026, this year's winners include 11 seasoned veterans and nine greenhorns who claimed their first-ever Gold Gloves. Unveiled during a...

Continue Reading
FFR Sets New Sales Record, Eyes Market Expansion

Updated Category News Views 98

FFR Breaks New Ground With Record Sales Something big's brewing at FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR), and it's causing quite the ripple. Picture this: 351 devices shipped in October alone. That's a hill-climbing record for this newbie on the U.S. stock scene. February was their starting line, and they've zoomed past 1,000 units in cumulative sales, chalking up...

Continue Reading
Navigating the Maze of Required Minimum Distributions

Updated Category News Views 197

Understanding Required Minimum Distributions Ever felt like retirement planning is walking a financial tightrope? Well, when it comes to Required Minimum Distributions (RMDs), you're tiptoeing on a wire. These IRS-mandated withdrawals aren't just accounting quirks; they’re a cornerstone of retirement income strategy—a fact unmistakably highlighted by Janie Kelly in...

Continue Reading

Top 5 Most Recently Viewed Articles

Norwegian Authorities Back Elkem's Emission Allowance Claims

Updated Category News Views 206

Norwegian Authorities Support Elkem's Emission Allowance Argument Elkem ASA has received encouraging news from the Norwegian Ministry of Climate and Environment, highlighting a favorable conclusion regarding the allocation of EU ETS free emission allowances. This situation revolves around the treatment of Norwegian manufacturers of silicon, ferrosilicon, and manganese. It...

Continue Reading
Join Love To Dream in Prioritizing Sleep for Families

Updated Category News Views 351

Love To Dream's Campaign for Better Family Sleep Love to Dream, a well-known baby sleep brand, is initiating a meaningful campaign aimed at encouraging parents to prioritize better sleep. This initiative is particularly timely as it coincides with Sleep Awareness Month, during which discussions about improved sleep for children and parents become more prevalent....

Continue Reading
Exploring AI Stocks: Potential High Returns Await Investors

Updated Category News Views 77

The AI Boom Captivating Investors In the last two years, there's been a growing excitement within the investment community, largely centered around the transformative potential of artificial intelligence (AI). This technology is reshaping productivity and changing consumer habits across many industries, thanks to its ability to learn and innovate over time. Experts...

Continue Reading
Halozyme Achieves Record Revenue with Strong Growth Strategies

Updated Category News Views 115

Halozyme Reports Record Achievements in Financial Year 2024 Halozyme Therapeutics, Inc. (NASDAQ: HALO) has unveiled outstanding financial performance for the fiscal year 2024, demonstrating significant growth and robust strategies aimed at enhancing shareholder value. With a total revenue exceeding $1 billion, the company's financial results this year mark a remarkable...

Continue Reading
Whitefort Capital Advocates for Strategic Changes at Arbutus Biopharma

Updated Category News Views 170

Whitefort Capital's Insightful Letter to Arbutus Biopharma Whitefort Capital Management, LP, a notable long-term investor and the third largest shareholder of Arbutus Biopharma Corp. (NASDAQ: ABUS), recently addressed a letter to the Board of Directors of Arbutus, emphasizing crucial steps the company should take to enhance shareholder value. With an ownership interest of...

Continue Reading