Philips Annual General Meeting of Shareholders approves name change, re-appointments of Supervisory Board members, 2013 dividend and the amended Long-Term Incentive Plan for the Board of Management
Royal Philips Electronics (NYSE: PHG, AEX: PHIA) announced that today’s Annual General Meeting of Shareholders (AGM) has adopted the proposal to amend the articles of association of the company to change the name of the company from Koninklijke Philips Electronics N.V. to Koninklijke Philips N.V. (Royal Philips).
Further, the AGM approved the re-appointments of Ms. Christine Poon, Mr. James Schiro and Mr. Jeroen van der Veer to their current functions as members of the Supervisory Board, effective upon the closing of the 2013 General Meeting of Shareholders (AGM). The AGM approved Philips’ proposal to pay a dividend over 2012 of EUR 0.75 per share in 2013. The dividend will be paid in cash or shares, at the shareholder’s option. More information about the optional dividend can be found here. In addition, the AGM approved the amended Long-Term Incentive Plan for the Board of Management. All other proposals made to shareholders at the AGM were also accepted. For more information about Philips’ 2013 AGM, please visit this site. Additional information on the composition of the Board of Management, the Executive Committee, the Supervisory Board, as well as Philips’ 2012 results, is included in Philips’ 2012 Annual Report that was published on February 25, 2013.
