Cybercom Group AB (publ) held its AGM on Wednesday, May 7, 2014. The AGM
appointed Ulrika Dellby and Katarina Kämpe as new board members.
The AGM resolved to follow the proposals prepared by the board and nomination
committee. All decisions were unanimous. The minutes taken at the AGM will be
published on Cybercom's website, www.cybercom.com. These items summarise the AGM
The AGM resolved that no dividend shall be paid for financial year 2013.
Discharge from liability
The board of directors and CEO were discharged from liability for financial year
Board election and remuneration
Ulrika Dellby and Katarina Kämpe were newly elected, and Hampus Ericsson, Jan
-Erik Karlsson, Nicolas Hassbjer and Dag Sundman were re-elected. Thomas
Landborg had declined re-election. Hampus Ericsson was elected as board
chairman. Board remuneration was fixed at a total of SEK 1,200,000, wherein
remuneration to the chairman of the board and to each of the other board members
elected by the AGM of SEK 200,000. It was also resolved that remuneration for
audit committee work shall amount to SEK 75,000 for the chairman of the
committee and SEK 50,000 for committee members.
Election of auditor
KPMG AB was elected auditor for the period until the end of the 2015 AGM.
Guidelines for remuneration of senior executives
In brief, the AGM resolved that the company shall offer a market-based total
compensation package that enables the recruitment and retention of senior
executives. Remuneration to senior executives consists of a fixed salary,
variable pay, pension provisions and other benefits. The variable pay is based
on achieved predetermined operational objectives, the wide majority of which
correspond to financial targets. The variable remuneration is paid in the form
of variable pay to each senior executive at an amount corresponding to a maximum
of 50 percent of basic salary.
The board also has the right to design variable pay systems so that the total
variable remuneration to the CEO is an amount equal to a maximum of 100 percent
of basic salary, provided that such variable pay is linked to well defined
commitments to purchase shares in Cybercom for a substantial part of the
The objectives for variable pay are revised annually. The pension provisions
shall form a part, and where the balance between pension and basic salary is
agreed upon in each individual case.
Cybercom is required to make this information public in compliance with the
Swedish Securities Market Act. The information was submitted for publication on
May 7 at 7.00 pm.
For further information, please contact
Hampus Ericsson, Board Chairman +46 708 55 59 92
Helena Borglund, General Counsel and AGM Secretary +46 709 41 22 04
Kristina Cato, Communications Director and IR Manager +46 708 64 47 02
Cybercom is an IT consulting company that assists leading companies and
organisations to benefit from the opportunities of the connected world. The
company’s areas of expertise span the entire ecosystem of communications
services. Cybercom’s domestic market is the Nordic region, and in addition the
company offers global delivery capacity for local and international business.
Cybercom was founded in 1995 and has been quoted on the NASDAQ OMX Stockholm
exchange since 1999. Read more at www.cybercom.com
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