Board of Directors confirmed, amendment of articles of association approved
Pfäffikon SZ / Lucerne, May 12, 2009 - The 36th general shareholders' meeting of OC Oerlikon Corporation AG, Pfäffikon, which was held today in Lucerne, passed all motions by the Board of Directors with a large majority. 62.4 percent of share capital was represented. The members of the Board of Directors were discharged from liability and re-elected. The articles of association were fully amended in preparation for the introduction of the Federal Act on Book-Entry Securities. "The stability and confirmation of our shareholder supports our path through these challenging times with the aim to return to profitability in 2010", says Dr. Uwe Krüger, CEO of Oerlikon.
In particular, the following items on the agenda were put to the ballot:
1. Annual report and annual financial statement for OC Oerlikon Corporation AG, Pfäffikon and consolidated financial statement for 2008
Both annual report and financial statements for 2008 were accepted with the approval of 99.4 percent of the votes.
2. Allocation of the 2008 balance sheet profit
In this instance the shareholders' meeting decided with 99.7 percent of votes, not to distribute the available profits of CHF 13 424 491 but to leave the capital in the company for further development.
3. Discharge of members of the Board of Directors
The shareholders' meeting discharged Mr Vladmir Kuznetsov, Dr. Hanno Bästlein, Mr Kurt J. Hausheer, Dr. Urs A. Meyer, Mr Carl Stadelhofer, Mr Hans Ziegler, Mr Georg Stumpf and Mr Günther Robol for the 2008 year of business with 96 percent approval.
4. Amendments to the articles of association (total revision)
The Federal Act on Book-Entry Securities of October 3, 2008 will become effective on January 1, 2010. The proposed total amendment takes account of this change in legislation and were approved by 98.9 percent of the shareholders present.
5. Elections to the Board of Directors
The Board of Directors moved to re-elect Mr Vladimir Kuznetsov, Mr Kurt J. Hausheer, Dr. Urs A. Meyer, Mr Carl Stadelhofer and Mr Hans Ziegler to the Board of Directors for a term of one year. These motions were passed with more than 98 percent approval.
6. Election of auditors
KPMG AG, Zürich, was confirmed by a majority of 99.9 percent as auditors for the company for 2009.