- Acts of Managing and Supervisory Boards ratified by large majorities
- Dividend proposal of €3.00 per share endorsed
- Shareholders approve new Managing Board compensation system
- Election of Jim Hagemann Snabe to the Supervisory Board approved
The shareholders of Siemens AG voted at the company's Annual Shareholders' Meeting in Munich to approve the acts of the Managing and Supervisory Boards in fiscal 2013. As proposed by the Managing and Supervisory Boards, the shareholders also approved a dividend of €3.00 per share for fiscal 2013. In addition, the Annual Shareholders' Meeting approved the new compensation system for Managing Board members and elected Jim Hagemann Snabe to the company's Supervisory Board.
- 44.96 percent of voting capital represented
- Formula One champion race car a major attraction in foyer
- Around 1,000 employees and service personnel on duty
The Annual Shareholders' Meeting of Siemens AG attracted thousands of shareholders and employees again in 2014. Despite wintry conditions, some 7,700 shareholders were present in Munich's Olympiahalle by noon on Tuesday. About 8,100 attended the event last year. A total of around 44.96 percent of Siemens' voting capital was represented at this year's Annual Shareholders' Meeting. More than 18,700 shareholders had ordered tickets for the event, and around 80,000 exercised their voting rights by proxy or absentee ballot. Most opted for transferring their voting rights online.
- New orders up 12 percent – Revenue development nearly stable
- Book-to-bill ratio 1.20 – Order backlog at record level of €102 billion
- Double-digit growth in net income and earnings per share
Siemens delivered a sound quarter to start its fiscal year 2014. Supported by several major orders, new orders rose 12 percent year-over-year, while revenue development was nearly stable. "We delivered a sound quarter to start our fiscal year. As expected, market conditions were not in our favor. We continue to focus on our productivity program for the year, and on the actions we will take beyond 2014," said Siemens President and CEO Joe Kaeser.
- Delisting due to change in the behavior of investors
- Transparency and first class corporate governance continue to be priority
- Financial Reporting should be simplified
- CFO Ralf P. Thomas: "Our commitment to the US and the importance of this market remains unchanged for Siemens."
Siemens AG is planning to delist its American Depositary Receipts (ADR) from the New York Stock Exchange (NYSE). In addition Siemens intends to terminate its reporting obligations (deregistration) to the American Securities and Exchange Commission (SEC). The Managing Board has made this decision in its meeting on January 27th, 2014.