Bufab Holding AB (publ)
Värnamo May 5, 2015
The AGM of Bufab Holding AB (publ) was held on May 5, 2015 in Värnamo.
Adoption of the Income Statements and Balance Sheets, dividend and discharge of liability
The Income Statements and Balance Sheets were adopted, together with the Board of Directors` proposal for dealing with the Company's profit. The dividend was set at SEK 1.50 per share with May 7 as the record day. The estimated date for payment is May 12, 2015. The Board of Directors and the Presidents were discharged from liability for the financial year 2014.
Board of Directors and remuneration to the Directors and Auditors
In accordance with the Nomination Committee's proposal, the AGM decided that the Board of Directors shall comprise of eight elected Board members and no deputies. Sven-Olof Kulldorff, Hans Björstrand, Jörgen Rosengren, Adam Samuelsson, Johan Sjö and Gunnar Tindberg were re-elected. Ulf Rosberg declined re-election. Johanna Hagelberg and Eva Nilsagård were elected as new members of the Board. Sven-Olof Kulldorff was appointed Chairman of the Board.
In accordance with the Nomination Committee's proposal, the AGM approved the proposal regarding remuneration to the Board of SEK 1,675,000 in total, whereof SEK 400,000 to the Chairman of the Board, and SEK 200,000 to each of the Directors elected by the AGM and not employed by the Company. The three members of the Audit Committee shall receive SEK 25,000 each.
The AGM approved the proposal to elect Öhrlings Price Waterhouse Coopers AB as auditor for the period up until the end of the AGM 2016. Authorized public accountant Bror Frid will be the registered auditor-in-charge.
The auditor's fee shall be paid on the basis of approved invoice.
Principles for remuneration
The AGM decided to approve the Board of Directors` proposal for principles of remuneration to the Management.
Amendment of the Articles of Association
In accordance with the proposal of the Board of Directors` the company name was changed to Bufab AB (publ).
For additional information, please contact:
Boel Sundvall, Director of Communication and Investor Relations
ir@bufab.com
tel: +46 370 69 69 61
About Bufab
Bufab (reg no 556685-6240) is a trading company that offers its customers a full-service solution as Supply Chain Partner for sourcing, quality control and logistics for C-Parts (screws, nuts, washers,etc). Bufab's customer offering, Global Parts ProductivityTM, aims to enhance the productivity of the customer's C-Parts value chain.
Bufab was founded 1977 in Småland, Sweden and is today an international company with operations in 23 countries. The company headquarted in Värnamo, has approximately 850 employees. In 2014, Bufab's sales were MSEK 2 200 and the operating margin 9 percent. Bufab is listed on NASDAQ Stockholm, under the ticker "BUFAB". Please visit www.bufab.com for further information.
