Composition of Kalmar Corporation’s Shareholders’ Nomination Board
July 01 2024 - 2:15AM
Composition of Kalmar Corporation’s Shareholders’ Nomination Board
KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 1
July 2024 AT 9:15 AM (EEST)
Composition of Kalmar Corporation’s
Shareholders’ Nomination Board
Kalmar Corporation’s (“Kalmar”
or the “Company”) Shareholders’ Nomination Board
(“Nomination Board”) has been appointed in
accordance with the Charter of the Nomination Board approved by
Cargotec Corporation’s (“Cargotec”) Annual General
Meeting held on 30 May 2024, which also resolved on the partial
demerger of Cargotec and the incorporation of Kalmar.
The Nomination Board consists of four (4)
members. According to the Charter of the Nomination Board, the
members of the Nomination Board are appointed as follows: the two
largest shareholders of class A shares are entitled to appoint one
(1) member each, and the two largest shareholders of class B shares
who do not own any class A shares, are entitled to appoint one (1)
member each.
According to the Charter of the Nomination
Board, the number of votes held by each shareholder of all shares
in the Company are determined based on the shareholders’ register
of Kalmar as per the situation on the first banking day of June
each year. As Kalmar was not established until the completion of
the demerger on 30 June 2024, the right to appoint members to the
Nomination Board was determined based on Cargotec’s shareholders’
register as per the situation on the first banking day of June,
i.e., 3 June 2024. In the demerger of Cargotec, the shareholders of
Cargotec received as demerger consideration one (1) new share of
the corresponding share class (i.e., class A or class B) in Kalmar
for each class A and each class B share they held in Cargotec.
In accordance with the above, the members of
Kalmar’s Nomination Board are:
- Ilkka Herlin (appointed by Wipunen
varainhallinta oy)
- Heikki Herlin (appointed by
Mariatorp Oy)
- Mikko Mursula, Deputy CEO,
Investments, Ilmarinen Mutual Pension Insurance Company (appointed
by Ilmarinen Mutual Pension Insurance Company)
- Carl Pettersson, CEO, Elo Mutual
Pension Insurance Company (appointed by Elo Mutual Pension
Insurance Company).
In accordance with the Charter of the Nomination
Board, the Chair of Kalmar’s Board of Directors, Jaakko Eskola,
participates in the Nomination Board’s work as an expert without
having the right to participate in the decision-making of the
Nomination Board.
The Nomination Board is responsible for
preparing proposals to the Annual General Meeting, and if
necessary, to the Extraordinary General Meeting of Kalmar, on the
number, election and remuneration of the members of the Board of
Directors. The Nomination Board shall submit its proposals to the
Company’s Board of Directors no later than on the last day of
January preceding the Annual General Meeting.
Further information on the Nomination Board is
available on Kalmar’s website at
www.kalmarglobal.com/investors/governance/.
For more information:
Carina Geber-Teir, SVP, IR, Marketing &
Communications, tel. +358 40 502 4697
Camilla Maikola, Director, Investor Relations,
tel. +358 50 442 7900
About Kalmar
Kalmar (Nasdaq Helsinki: KALMAR) is moving goods
in critical supply chains around the world, with the vision to be
the forerunner in sustainable material handling equipment and
services. The company offers a wide range of industry shaping heavy
material handling equipment and services to ports and terminals,
distribution centres, manufacturing and heavy logistics.
Headquartered in Helsinki, Finland, Kalmar operates globally in
over 120 countries and employs approximately 5,000 people. In 2023,
the company's sales on a carve-out basis totalled approximately EUR
2.0 billion. www.kalmarglobal.com