The Board of Directors of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today declared a quarterly dividend of 58 cents per share for the third quarter of 2016.
The dividend will be payable on Thursday, September 1, 2016 to Autoliv stockholders of record on the close of business on Thursday, August 18. The ex-date will be Tuesday, August 16 for holders of the common stock listed on the New York Stock Exchange (NYSE) and Wednesday, August 17 for holders of Swedish Depository Receipts (SDRs) listed on the NASDAQ OMX, Stockholm.
Annual Meeting of Stockholders
At the Company’s Annual General Meeting of Stockholders (AGM) held today, May 10, in Chicago, Illinois, sufficient votes were received to approve the following proposals:
· The re-election of Ms. Aicha Evans, Dr. Xiaozhi Liu and Dr. Wolfgang Ziebart and Messrs. Robert A. Alspaugh, Leif Johansson, David E. Kepler, Franz-Josef Kortüm, George A. Lorch and Kazuhiko Sakamoto as directors of the Autoliv Board for a one-year term ending at the 2017 AGM;
· Mr. Jan Carlson and Mr. James M. Ringler were not on the ballot for re-election at this meeting and will continue to serve their existing terms until the 2017 AGM, after which all directors will be elected annually for one year terms.
· The non-binding, advisory resolution to approve the Company’s 2015 executive compensation for its named executive officers; and
· The ratification of the appointment of Ernst & Young AB as the Company’s independent auditing firm for the fiscal year ending December 31, 2016.
Committees of the Board
Effective May 10, 2016, the Board also approved changes to the membership of its committees, which are now composed as follows:
Audit Committee: Robert W. Alspaugh (Chairman), Aicha Evans, David E. Kepler and Wolfgang Ziebart
Compensation Committee: James M. Ringler (Chairman), Aicha Evans, Leif Johansson, George A. Lorch and Xiaozhi Liu
Nominating and Corporate Governance Committee: George A. Lorch (Chairman), Leif Johansson, Franz-Josef Kortüm, Xiaozhi Liu, and James M. Ringler
Compliance Committee: Kazuhiko Sakamoto (Chairman), Robert W. Alspaugh, David E. Kepler and Wolfgang Ziebart
Lead Independent Director
Because Mr. Carlson is both an officer of the Company and the Chairman of the Board, pursuant to the Company’s Corporate Governance Guidelines, at the same Board meeting, the independent members of the Board again resolved that Mr. George A. Lorch continue to serve as the Lead Independent Director of the Board.
Inquiries:
Thomas Jönsson, Vice President Corporate Communications. Tel: +46 (8) 58 72 06 27
