Autoliv Holds Shareholders Meeting
STOCKHOLM--Regulatory News:
Autoliv Inc. , the worldwide leader in automotive safety systems, today held its Annual General Meeting (AGM) of Shareholders in Chicago, Illinois. The shareholders approved all the proposals set forth in the company’s proxy statement.
This means that:
George A. Lorch, James M. Ringler, Kazuhiko Sakamoto and Dr. Wolfgang Ziebart were re-elected directors of the Board for a regular three-year term until the Annual General Meeting in 2012; the appointment of Ernst & Young AB as Autoliv’s independent auditing firm for the fiscal year ending December 31, 2009, was ratified and that; the proposed amendments of the Company’s Employee Stock Incentive Plan were approved.
Dividend
As previously announced, the Autoliv Board of Directors
decided on February 17, 2009, to “suspend further dividend payments
since the Company believes it is prudent to preserve cash in order to
maintain a strong position in the current uncertain business
environment”.