The Board of Directors of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today declared a dividend for the first quarter 2016, elected a new Director to the board and proposed a date for the 2016 annual general meeting of stockholders.
Quarterly Dividend
The Board declared a quarterly dividend of 56 cents per share for the first quarter 2016.
The dividend will be payable on Thursday, March 3, 2016 to Autoliv shareholders on record on the close of business on Thursday, February 18. The ex-date will be Tuesday, February 16 for holders of the common stock listed on the New York Stock Exchange (NYSE) and Wednesday, February 17 for holders of Swedish Depository Receipts (SDRs) listed on the NASDAQ OMX, Stockholm.
New Director
The Board has elected Dr. Wolfgang Ziebart as a new member to the Board of Directors. Dr. Ziebart was previously a member of Autoliv’s Board of Directors in the period from 2008 to 2013, at which point he left to focus on a management position with Jaguar Land Rover.
Dr. Ziebart has had a distinguished career within BMW beginning in 1977 which took him to the Board of Management, where he was responsible for R&D and Purchasing. In 2000, he became a Member of the Management Board of Continental AG, a major automotive supplier listed on the Frankfurt Stock Exchange. Between 2004 and 2008, he was President and CEO of Infineon Technologies AG, a global semiconductor and system solutions provider listed on the Frankfurt Stock Exchange. Dr. Ziebart serves on the Board of Directors of ASML and is the Chairman of the Supervisory Board of Nordex SE. Dr. Ziebart holds a doctorate degree in mechanical engineering from the Technical University of Munich.
“I am pleased to welcome Wolfgang Ziebart back to Autoliv’s Board of Directors. His long experience and deep knowledge of electronics and the automotive industry will be a valuable asset for Autoliv’s continued development”, said Jan Carlson, Chairman, President and CEO of Autoliv.
Annual Meeting of Stockholders
The Board of Directors has proposed Tuesday May 10, 2016 as the date for the Annual General Meeting of Stockholders to be held in Chicago, IL, USA.
Only stockholders of record at the close of business on March 14, 2016 will be entitled to be present and vote at the 2016 Annual Meeting. Notice of the 2016 Annual Meeting will be delivered to the holders of record in late March 2016.
