At the Annual General Meeting of Feintool International Holding AG held on May 8, 2012, the shareholders approved all the Board of Directors' proposals. Steffen Schroth has been appointed as a new member of the Board. Steffen Schroth was newly appointed to the Board as current Managing Director and sole shareholder of the Herzing+Schroth Group, which was acquired by Feintool on March 14, 2012.