Schweiter Technologies: Annual General Meeting ...

Schweiter Technologies / Schweiter Technologies: Annual General Meeting 2014 - Shareholders approve all proposals put forward by the Board of Directors . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Horgen, May 7, 2014 - At the Annual General Meeting of Schweiter Technologies AG held today in Horgen, shareholders approved all proposals put forward by the Board of Directors.

Notably, distribution of a dividend of CHF 40 per bearer share was approved.

Beat Siegrist, Lukas Braunschweiler and Jacques Sanche were all re-elected as members of the Board of Directors, and Beat Siegrist was additionally confirmed as Chairman. Vanessa Frey and Jan Jenisch were elected as new members of the Board of Directors. Jacques Sanche, Vanessa Frey and Jan Jenisch were also elected to the Compensation Committee. In the constitutive meeting following the Annual General Meeting, Jacques Sanche was elected Chairman of the Compensation Committee.

Shareholders accepted the proposal of the Board of Directors to amend the articles of incorporation in accordance with the Ordinance against Excessive Compensation (OaEC), which entered into force on January 1, 2014.

At the start of the year, operational business developed favourably and within the scope of the forecast communicated in the media release of March 17, 2014.

For further information, please contact:
Martin Klöti, CFO
Tel. [phone], fax [phone], [e-mail]

Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon [phone] Fax [phone] [e-mail]
www.schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF)

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Source: Schweiter Technologies via Globenewswire

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