DGAP-News: Wacker Chemie AG: SUPERVISORY BOARD RE-ELECTS PETER-ALEXANDER WACKER AS ITS CHAIRMAN
(firmenpresse) - DGAP-News: Wacker Chemie AG / Key word(s): AGM/EGM
Wacker Chemie AG: SUPERVISORY BOARD RE-ELECTS PETER-ALEXANDER WACKER
AS ITS CHAIRMAN
08.05.2013 / 14:58
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- NEW SUPERVISORY BOARD UNANIMOUSLY ELECTS PETER-ALEXANDER WACKER AS ITS
CHAIRMAN AT ITS CONSTITUENT MEETING
- EXECUTIVE AND SUPERVISORY BOARDS EXECUTIVE AND SUPERVISORY BOARDS'
PROPOSALS ADOPTED BY LARGE MAJORITY AT 2013 ANNUAL SHAREHOLDERS'
MEETING
- DIVIDEND FOR 2012 IS EUR0.60.
- 2013 SALES AND EARNINGS EXPECTATIONS REAFFIRMED
Munich, May 8, 2013 - Peter-Alexander Wacker remains at the helm of Wacker
Chemie AG's Supervisory Board. Today, the Board unanimously elected the
62-year-old entrepreneur as its chairman at its constituent session, held
directly after the 2013 Annual Shareholders' Meeting.
In a speech to some 1,000 shareholders, Rudolf Staudigl, the CEO of the
Munich-based chemical group, reaffirmed sales and earnings projections for
fiscal 2013. WACKER continues to expect sales to come in at last year's
level (EUR4.63 billion). Earnings before interest, taxes, depreciation and
amortization are likely to be below the prior-year figure (EUR787 million),
mainly due to lower polysilicon prices. In Q1 2013, WACKER experienced
noticeably higher customer demand after last year's weak final quarter.
WACKER's Q1 2013 volume growth was led by polysilicon and fueled by
numerous chemical products. Sales and earnings were both markedly higher
than in Q4 2012.
Staudigl underlined his confidence that WACKER after its stable start
during the first quarter is well positioned even in a difficult business
environment. Here, WACKER mainly draws on its activities in silicon and
polymer chemistry. 'Our strategic levers for continued growth are
expansion, substitution and innovation,' Staudigl emphasized. According to
the CEO, WACKER intends to intensify its expansion in emerging economies,
such as Brazil, China, India and Southeast Asia. This strategy, he said, is
driven primarily by rising living standards in these countries. WACKER is
expanding there by substituting conventional, simpler materials with its
higher-end products. As examples, Staudigl mentioned dispersions for the
paper, packaging and carpet industries and silicones for applications in
the areas of health, personal care, medicine and automotive engineering.
Of 2012's net income of EUR106.8 million (2011: EUR356.1 million), WACKER
is paying out a total of EUR29.8 million to its shareholders, compared with
EUR109.3 million last year. The dividend per dividend-bearing share was
EUR0.60 after last year's EUR2.20. The Executive and Supervisory Boards'
other proposals were also adopted by large majorities.
Resolutions and Voting Results
At today's Annual Shareholders' Meeting, 38,710,646 voting shares were
represented - 74.23 percent of all eligible shares (number of shares
outstanding: 49,677,983). The voting results were as follows for agenda
items 2 through 6:
Item 2: Resolution on the Appropriation of Net Retained Profit
The Executive and Supervisory Boards proposed that the net retained profit
for fiscal 2012 of EUR654.4 million be appropriated as follows: EUR29.8
million to be paid to shareholders and EUR624.6 million to be carried
forward to new account. The proposal was adopted. The result was:
- 37,870,214 Yes votes (97.89 percent)
- 818,208 No votes
Item 3: Resolution on the Ratification of the Actions of the Executive
Board
The proposal of the Executive and Supervisory Boards to ratify the acts of
the members of Wacker Chemie AG's Executive Board during fiscal 2012 was
adopted. The result was:
- 37,810,180 Yes votes (99.91 percent)
- 33,465 No votes
Item 4: Resolution on the Ratification of the Actions of the Supervisory
Board
The Executive and Supervisory Boards' proposal to ratify the acts of the
members of Wacker Chemie AG's Supervisory Board during fiscal 2012 was
adopted. The result was:
- 37,676,765 Yes votes (99.87 percent)
- 47,562 No votes
Item 5: Resolution on the Appointment of Auditor
The Supervisory Board's proposal to appoint KPMG AG as auditor for fiscal
2013 was adopted. The result was:
- 37,835,798 Yes votes (97.83 percent)
- 837,951 No votes
Item 6: Supervisory Board Elections
The Supervisory Board's proposal to elect Matthias Biebl, Dr. Gregor Biebl,
Franz-Josef Kortüm, Dr. Thomas Strüngmann, Dr. Bernd W. Voss, Dr.
Peter-Alexander Wacker, Dr. Susanne Weiss and Prof. Dr. Ernst-Ludwig
Winnacker to the Supervisory Board until the 2018 Annual Shareholders'
Meeting was adopted by over 99 percent of the votes in each case. The
voting results for the individual candidates have been published at:
www.wacker.com.
Note to editors: All documents relating to Wacker Chemie AG's 2013 Annual
Shareholders' Meeting can be downloaded from WACKER's website
(www.wacker.com) under Investor Relations.
This press release contains statements about the resolutions of the 2013
Annual Shareholders' Meeting. Said statements are not binding and serve the
sole purpose of providing an overview. They may not always correspond to
the exact wording and full extent of the resolutions adopted at the Annual
Shareholders' Meeting.
This press release contains forward-looking statements based on assumptions
and estimates of WACKER's Executive Board. Although we assume the
expectations in these forward-looking statements are realistic, we cannot
guarantee they will prove to be correct. The assumptions may harbor risks
and uncertainties that may cause the actual figures to differ considerably
from the forward-looking statements. Factors that may cause such
discrepancies include, among other things, changes in the economic and
business environment, variations in exchange and interest rates, the
introduction of competing products, lack of acceptance for new products or
services, and changes in corporate strategy. WACKER does not plan to update
the forward-looking statements, nor does it assume the obligation to do so.
For further information, please contact:
Wacker Chemie AG
Media Relations&Information
Christof Bachmair
Tel.: +49 89 6279-1830
Fax: +49 89 6279-1239
christof.bachmair(at)wacker.com
End of Corporate News
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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: 0049-89-6279-1633
Fax: 0049-89-6279-2933
E-mail: investor.relations(at)wacker.com
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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