June 29, 2012 | Ad hoc announcement pursuant to Art. 53 LR
Annual General Meeting of Burckhardt Compression: All motions of the Board of Directors approved
At the Annual General Meeting of Burckhardt Compression Holding AG held at the Parkarena in Winterthur, the attending shareholders approved all motions of the Board of Directors. The dividend was set at CHF 7.00 per share (previous year CHF 5.00).
After the welcome address by Chairman Valentin Vogt and a review of the company’s 2011 fiscal year by CEO Marcel Pawlicek and CFO Rolf Brändli, the shareholders approved the annual report, the financial statements, the consolidated financial statements and the compensation report for the fiscal year 2011. They also approved the motion to pay a dividend of CHF 7.00 per share.
The current Board members Urs Fankhauser and Urs Leinhäuser were reelected by the shareholders for a period of three years. Dr. Monika Krüsi Schädle was newly elected into the Board of Directors for the period from 2012-2014. Dr. Krüsi replaces Heinz Bachmann, who reached the statutory age limit and was given an official farewell at the general meeting. The Board of Directors reconstituted itself after the election of Dr. Krüsi. Hans Hess is now the new Deputy Chairman of the Board. Dr. Krüsi replaced Urs Fankhauser on the Strategy Committee. Urs Fankhauser assumed Heinz Bachmann’s seat on the Compensation and Nomination Committee and is the new chairman of that committee. There were no changes in the composition of the Audit Committee.
The shareholders approved a general release of the members of the Board of Directors and the Executive Board for fiscal year 2011. PricewaterhouseCoopers AG was confirmed as the statutory auditors for fiscal year 2012.
About Burckhardt Compression
Burckhardt Compression is one of the worldwide market leaders in the field of reciprocating compressors and the only manufacturer that offers a complete range of Labyâ (labyrinth piston), Process Gas, and Hyper Compressors. The compressors are used to compress, cool or liquefy gases. Burckhardt Compression’s customers include multinational companies active in the chemical, petrochemical, refinery, industrial gas and gas transport and storage industries. With the leading compressor technology, the high-quality compressor components and the comprehensive range of services Burckhardt Compression supports its customers in their effort to minimize the life cycle costs of their reciprocating compressor systems.
Marcel Pawlicek, CEO
Tel.: +41 (0)52 262 55 00
Fax: +41 (0)52 262 00 51