Stockholm, Sweden, May 8, 2020: The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has held its Annual General Meeting of Stockholders (AGM).
At the AGM, sufficient votes were received to approve the following proposals:
- The re-election of Mary Louise Cummings, Kazuhiko Sakamoto and Wolfgang Ziebart to the Board of Directors for a term of three years.
- The non-binding, advisory resolution to approve the Company’s 2019 executive compensation for its named executive officers.
- The ratification of the appointment of Ernst & Young AB as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020.
The proposals to amend Veoneer, Inc.’s Restated Certificate of Incorporation to eliminate the supermajority voting standard, and to eliminate the classified structure of the Board of Directors, did not receive the required vote of at least 80% of all common stock entitled to vote at the AGM and were thus not adopted.
SOURCE: Veoneer
