Knorr-Bremse AG
Moosacher Straße 80
80809 München
Germany
Alexandra Bufe Spokesperson | Vice President Corporate Communications
The Chairman of the Supervisory Board, Prof. Dr. Klaus Mangold, officially opens the Annual General Meeting of Knorr-Bremse AG at the company's headquarters in Munich.
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CEO Bernd Eulitz reports on a successful fiscal year 2019 at the Annual General Meeting of Knorr-Bremse AG.
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At today's Annual General Meeting, the shareholders of Knorr-Bremse AG approved the Management and Supervisory Boards' proposal to pay a dividend of EUR 1.80 for the 2019 fiscal year for each share carrying dividend rights (161,200,000 shares). The total amount of the proposed distribution will therefore be EUR 290 million, or 46 percent of net income 2019.
The AGM was held for the first time as a virtual meeting without the physical presence of shareholders. Around 350 shareholders accepted the invitation to follow the live streaming of the event, and a total of 94.7 percent of Knorr-Bremse's share capital was represented.
The shareholders elected Heinz Hermann Thiele, Dr. Thomas Enders, and Dr. Theodor Weimer as new members of the Supervisory Board. Dr. Wolfram Mörsdorf, Wolfgang Tölsner, and Georg Weinberg stepped down from the Supervisory Board of Knorr-Bremse AG at the end of today's AGM. The new Supervisory Board members have been appointed for the remainder of the original term of office of the departing members, i.e., until the end of the 2021 AGM.
Overall, the shareholders approved all items on the agenda with a large majority.
A recording of the virtual AGM, the speeches given by the chairman of the Supervisory Board and the members of the Executive Board, and the detailed results of voting on the individual agenda items at the meeting are available at www.ir.knorr-bremse.com .
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Annual General Meeting of Knorr-Bremse AG: Dividend payment of EUR 1.80 approved[PDF, 128.42 KB]
Hauptversammlung der Knorr-Bremse AG: Dividende von 1,80 Euro beschlossen[PDF, 132.86 KB]
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Knorr-Bremse AG published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2020 14:13:02 UTC
Knorr Bremse AG is a Germany-based company that manufactures braking systems and other subsystems for rail and commercial vehicles. It operates through two segments: Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment equips mass transit vehicles, such as metro cars, and mainline freight and passenger trains with brake systems, as well as entrance systems, heating, ventilation and air conditioning (HVAC) systems, auxiliary power supply, driver assistance systems, electrical traction equipment and control technology, among others. The Commercial Vehicle Systems segment offers products for trucks, buses, trailers and agricultural machinery. The product portfolio includes brake systems and vehicle dynamics solutions, such as driver assistance, energy supply and distribution systems, such as air compressors, and fuel efficiency products and transmission subsystems, such as vibration dampers, among others. The Company also offers aftermarket services.