At the Amer Sports Corporation Annual General Meeting held earlier
today, the following resolutions were approved:
The Annual General Meeting (AGM) approved Amer Sports Corporation's
financial statements and consolidated financial statements for 2007.
The AGM granted the members of the Board of Directors and the
Company's President discharge from liability for the financial year
2007.
The AGM resolved to distribute a dividend of EUR 0.50 per share in
respect of the 2007 financial year. The record date is March 10,
2008, and the dividend will be paid on March 18, 2008.
The AGM confirmed that the number of Board members shall be seven
(7). Felix Björklund, Ilkka Brotherus, Tuomo Lähdesmäki, Timo
Maasilta, Roger Talermo, Anssi Vanjoki and Pirjo Väliaho were
re-elected as members of the Board of Directors. The Board's term of
service will run until the 2009 Annual General Meeting.
According to the stock exchange release published on March 3, 2008,
the Board's Nomination Committee will immediately start a process of
defining a new board composition. The Nomination Committee will
present the composition to an extraordinary general meeting be
convened by June. The goal is to select board members that reflect
the changes in the company's ownership structure and meets the
expectations expressed by shareholders regarding the board members'
knowledge and expertise in the company's areas of development.
At its organizational meeting immediately following the Annual
General Meeting, the Board of Directors elected Anssi Vanjoki as
Chairman and Ilkka Brotherus as Vice Chairman. Anssi Vanjoki
(Chairman of the Committee), Tuomo Lähdesmäki, Pirjo Väliaho and
Felix Björklund were elected as members of the Compensation
Committee. Ilkka Brotherus (Chairman of the Committee), Anssi
Vanjoki, Timo Maasilta and Felix Björklund were elected as members of
the Nomination Committee. Tuomo Lähdesmäki (Chairman of the
Committee), Felix Björklund and Timo Maasilta were elected as members
of the Audit Committee. Kristiina Huttunen acts as secretary to the
Amer Sports Corporation Board.
The Authorized Public Accountant PricewaterhouseCoopers Oy was
elected to act as an auditor of the Company. The auditor in charge of
the audit is Mr Jouko Malinen, Authorized Public Accountant. It was
decided that the auditor's fee will be paid as invoiced.
REMUNERATION OF MEMBERS OF THE BOARD OF DIRECTORS
The annual remuneration paid to the members of the Board was approved
as follows: Chairman EUR 80,000, Vice Chairman EUR 50,000 and other
members EUR 40,000. 40% of the annual remuneration is being paid in
the form of the Company's shares and 60% in cash. A member of the
Board is not allowed to sell or transfer any of these shares to any
third party during the term of his or her respective Board
membership. However, this limitation is only valid for five years
after the acquisition of the shares at most. The President of Amer
Sports Corporation does not receive any additional remuneration in
respect of his Board membership.
AMER SPORTS CORPORATION
Communications
Ms Maarit Mikkonen
Communications Manager
Tel. +358 9 7257 8306, e-mail: maarit.mikkonen@amersports.com
DISTRIBUTION:
Helsinki Stock Exchange
Major media
www.amersports.com
AMER SPORTS CORPORATION
Amer Sports (www.amersports.com) is the world's leading sports
equipment company with internationally recognized brands including
Salomon, Wilson, Precor, Atomic and Suunto. All Amer Sports companies
develop and manufacture technically advanced products that improve
the performance of active sports participants. The Group's business
is balanced by its broad portfolio of sports and presence in all
major markets.
