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Autoliv declares dividend of 54 cents/share for Q3

07 May '14
2 min read

The Board of Directors of the worldwide leader in automotive safety systems, Autoliv Inc., declared a quarterly dividend of 54 cents per share for the third quarter 2014, an increase from the previous quarter.
 
The dividend will be payable on Thursday, September 4, 2014 to Autoliv shareholders on record on the close of business on Wednesday, August 20. The ex-date when the shares will trade without the right to the dividend will be Monday, August 18.
 
Annual Meeting of Stockholders
At the Company’s Annual General Meeting of Stockholders (AGM) in Chicago, IL, held, May 6, sufficient votes were received to approve the following proposals:
-The re-election of Mr. Jan Carlson and James M. Ringler as directors of the Board of for a regular three-year term ending at the 2017 AGM; 
-The non-binding, advisory resolution to approve the Company’s 2013 executive compensation for its named executive officers; 
-An amendment to the Company’s Restated Certificate of Incorporation to declassify the Board and provide for the annual election of directors; and
-The ratification of the appointment of Ernst & Young AB as the Company’s independent auditing firm for the fiscal year ending December 31, 2014.
-The declassification of the Board will be implemented in phases over a three-year period, beginning with the 2015 annual meeting of stockholders, at which time directors with terms expiring at that meeting will be elected to one-year terms. 
-Directors will similarly be elected to one-year terms at the 2016 annual meeting of stockholders, and the Board will then be fully declassified (and all Board members standing for annual elections) at the 2017 annual meeting of stockholders.
 

Autoliv

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