RESOLUTIONS OF MARIMEKKO CORPORATION’S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS’ CONSTITUTIVE MEETING
Marimekko Corporation, Stock Exchange Release, 9 April 2015 at 4:00 PM
RESOLUTIONS OF MARIMEKKO CORPORATION’S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS’ CONSTITUTIVE MEETING
At Marimekko Corporation’s Annual General Meeting, held today, and at the subsequent constitutive meeting of the Board of Directors, the following resolutions were passed.
A. THE RESOLUTIONS OF ANNUAL GENERAL MEETING
Adoption of the financial statements
Marimekko Corporation’s income statement and balance sheet and the consolidated income statement and balance sheet for 2014 were adopted.
Payment of the dividend
The General Meeting approved the Board of Directors’ proposal to pay a dividend of EUR 0.35 per share for the 2014 financial year. The dividend will be paid to shareholders who are registered on the dividend payout record date of 13 April 2015 in the company’s Shareholder Register kept by Euroclear Finland Ltd. The dividend payout date is 20 April 2015.
Discharge from liability
The members of the Board of Directors and the President and CEO of the company were discharged from liability for the 2014 financial year.
Remuneration of Board members
The annual remuneration payable to the members of the Board was approved as follows: EUR 40,000 to the Chairman, EUR 30,000 to the Vice Chairman and EUR 22,000 to the other members of the Board. According to the resolution by the Annual General Meeting, approximately 40% of the annual remuneration will be paid in Marimekko Corporation’s shares acquired from the market and the rest in cash. The shares will be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January - 31 March 2015 or, if this is not possible considering the insider rules, as soon as possible thereafter. It was also resolved that persons who have a full-time employment or service relationship with the company receive no remuneration for their board membership or chairmanship. Thus, Mika Ihamuotila as Chairman of the Board of Directors will not be paid the above-mentioned annual remuneration.
It was further resolved that no separate remuneration be paid for committee work to persons elected to any committee. In the remuneration payable to the Vice Chairman of the Board, the possible acting as the Chairman of the Audit and Remuneration Committee has been taken into account.
Board of Directors
The General meeting resolved that the company’s Board of Directors consist of six members. Elina Björklund, Arthur Engel, Mika Ihamuotila, Joakim Karske and Catharina Stackelberg-Hammarén were re-elected to the Board of Directors. Mikko-Heikki Inkeroinen was elected as a new Board member. Their term of office ends at the conclusion of the next Annual General Meeting.
Election and remuneration of the auditor
It was decided that PricewaterhouseCoopers Oy, Authorised Public Accountants, will continue as the company’s auditor. It was also resolved that the auditor’s fee will be paid as per invoice. Ylva Eriksson, Authorised Public Accountant, will act as chief auditor.
B. RESOLUTIONS OF THE BOARD OF DIRECTORS’ CONSTITUTIVE MEETING
From among its members, the Board of Directors elected Mika Ihamuotila as Chairman of the Board and Elina Björklund as Vice Chairman of the Board. The Board also elected Elina Björklund as Chairman and Joakim Karske and Catharina Stackelberg-Hammarén as members of the Audit and Remuneration Committee. All members of the committee are independent of Marimekko and its major shareholders.
C. MINUTES OF THE ANNUAL GENERAL MEETING
The minutes of the Annual General Meeting can be viewed on the company’s website at company.marimekko.com under Investors/Annual General Meeting as of 23 April 2015 at the latest.
MARIMEKKO CORPORATION
Corporate Communications
Asta Halme
Tel. +358 9 7587 233
asta.halme@marimekko.com
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
Marimekko is a Finnish design company renowned for its original prints and colours. The company’s product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. Marimekko products are sold in about 40 countries. In 2014, brand sales of the products worldwide amounted to EUR 187 million and the company's net sales were EUR 94 million. More than 140 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 500 people. The company’s share is quoted on NASDAQ OMX Helsinki Ltd. www.marimekko.com
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