UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March
2021
Commission File Number
001-16429
ABB Ltd
(Translation of registrant’s
name into English)
Affolternstrasse 44, CH-8050, Zurich,
Switzerland
(Address of principal
executive office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T
Rule 101(b)(1) only permits the submission in paper of a Form 6-K if
submitted solely to provide an attached annual report to security holders.
Indication by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T
Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws
of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant’s “home country”), or under the rules of
the home country exchange on which the registrant’s securities are traded, as
long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
This Form 6-K consists of the following:
1. Agenda and resolutions from the ABB Ltd Annual General
Meeting of Shareholders held on March 25, 2021.
2. Press release issued by ABB Ltd dated March 25,
2021, titled “ABB shareholders approve all proposals at 2021 Annual General
Meeting”.
3. Press release issued by ABB Ltd dated March 25,
2021, titled “ABB plans to launch new share buyback following completion of
initial program”.
2
ABB Ltd
TRAKTANDEN
UND BESCHLÜSSE
AGENDA AND RESOLUTIONS
der Generalversammlung der
Aktionärinnen und Aktionäre
from the Annual General
Meeting of Shareholders
vom 25. März 2021, 10:00 Uhr
held on March 25, 2021, 10:00
a.m.
Affolternstrasse 44, 8050
Zürich, Schweiz
Affolternstrasse 44, 8050
Zurich, Switzerland
Konstituierung der Versammlung
Constitution of the Meeting
Peter Voser,
Präsident des Verwaltungsrates, eröffnet die Generalversammlung.
Peter Voser,
Chairman of the Board of Directors, opens the Annual General Meeting.
Maria
Varsellona führt als Sekretärin des Verwaltungsrates das Protokoll der
Versammlung. Als unabhängiger Stimmrechtsvertreter ist Dr. Hans Zehnder
anwesend. Der Präsident bestimmt Dr. Christian Hediger als Stimmenzähler.
KPMG, die Revisionsstelle der Gesellschaft, ist durch Hans-Dieter Krauss
vertreten.
Maria
Varsellona, Secretary to the Board of Directors, acts as secretary of the
meeting. Dr. Hans Zehnder, the independent proxy, is also present. The
Chairman appoints Dr. Christian Hediger as vote counter. KPMG, the
company’s auditors, is represented by Hans-Dieter Krauss.
ABB Ltd, Annual General Meeting 2021/Minutes
|
Der Präsident stellt fest, dass
The Chairman declares that
a)
die Einladung zur Generalversammlung am 26. Februar 2021 im
Schweizerischen Handelsamtsblatt sowie in verkürzter Form in verschiedenen
Tageszeitungen unter Einhaltung der gesetzlichen Frist von 20 Tagen
veröffentlicht worden sei;
the
invitation to the Annual General Meeting was published on February 26, 2021, in
the Swiss Official Gazette of Commerce and also, in abbreviated form, in
various daily newspapers, complying with the statutory notice period of 20 days;
b)
die im Aktienregister eingetragenen Aktionäre ausserdem mit
Schreiben vom 26. Februar 2021 schriftlich über die Generalversammlung
informiert und mit der Einladung die Traktanden und Anträge des
Verwaltungsrates bekannt gegeben worden seien;
shareholders
entered in the share register were additionally notified of the Annual General
Meeting by letter dated February 26, 2021, and that notice of the agenda items
and proposals of the Board of Directors was provided with the invitation;
c)
keine Traktandierungsbegehren von Aktionären gemäss Artikel 13 der
Statuten und auch keine Anträge zu traktandierten Verhandlungsgegenständen
vorlägen;
neither
shareholders’ requests in accordance with Article 13 of the Articles of
Incorporation for items to be included on the agenda, nor any motions related
to items on the agenda have been received;
d)
die Generalversammlung in Übereinstimmung mit den Vorschriften der
COVID-19 Verordnung 3 des Bundesrates vom 19. Juni 2020 (Stand am 15. März
2021) über Massnahmen zur Bekämpfung des Coronavirus stattfinde;
the
Annual General Meeting is held in compliance with the provisions of the
COVID-19 Ordinance 3 of the Federal Council of June 19, 2020 (status as of
March 15, 2021) on Measures to Combat the Coronavirus;
e)
der Verwaltungsrat entschieden habe, dass die Aktionäre der
Gesellschaft nicht persönlich an der Versammlung teilnehmen könnten, dass er
diese in der Einladung zur Generalversammlung angewiesen habe, ihre Rechte
schriftlich oder elektronisch über den unabhängigen Stimmrechtsvertreter
auszuüben, und dass eine entsprechende Information zusätzlich ab dem 26.
Februar 2021 auf der Website von ABB veröffentlicht worden sei;
the
Board of Directors resolved that shareholders may not attend the meeting in
person, that shareholders were instructed in the invitation to the Annual
General Meeting to exercise their shareholder rights in writing or
electronically via the independent proxy, and that in addition a corresponding
announcement was published on the website of ABB as of February 26, 2021;
f)
der Geschäftsbericht 2020 mit Lagebericht, Jahresrechnung,
Konzernrechnung, Antrag des Verwaltungsrates über die Verwendung des
Bilanzgewinns, Vergütungsbericht sowie den entsprechenden Berichten der
Revisionsstelle auf Wunsch versandt worden sei und während der gesetzlichen
Frist am Sitz der Gesellschaft zur Einsichtnahme durch die Aktionäre aufgelegen
habe. Zudem sei der Geschäftsbericht auf der Webseite von ABB verfügbar
gewesen.
the
Annual Report 2020 together with the management report, the annual financial
statements, the consolidated financial statements, the proposal of the Board of
Directors relating to the appropriation of earnings, the compensation report
and the respective auditors’ reports were mailed upon request and made
available for inspection by shareholders during the statutory time period at
the Company’s head office. The Annual Report was also available on ABB’s
website.
Damit stellt der Präsident fest, dass die Generalversammlung
entsprechend den statutarischen und gesetzlichen Formvorschriften einberufen
und konstituiert worden sei.
The Chairman declares that the Annual General Meeting has been
convened and constituted in accordance with the statutory and legal formal
requirements.
1. Genehmigung des Lageberichts, der
Konzernrechnung und der Jahresrechnung 2020
1. Approval of the management report, the
consolidated financial statements, and the annual financial statements for 2020
Die
Generalversammlung genehmigt den Lagebericht, die Konzernrechnung und die
Jahresrechnung 2020 mit folgendem Ergebnis:
The Annual
General Meeting approves the management report, the consolidated financial
statements, and the annual financial statements for 2020 with the following
result:
Vertretene Stimmen:
Votes represented:
|
1’283’729’655
|
|
Absolutes Mehr:
Absolute majority:
|
641’864’828
|
|
99.39 %
|
Ja / Yes
|
1’275’877’290
|
Stimmen / votes
|
0.04 %
|
Nein / No
|
545’027
|
Stimmen / votes
|
0.57 %
|
Enthaltung / Abstention
|
7’307’338
|
Stimmen / votes
|
|
|
|
|
|
2. Konsultativabstimmung über den Vergütungsbericht
2020
2. Consultative vote on the 2020 Compensation
Report
Die
Generalversammlung stimmt dem Vergütungsbericht 2020 (der im Geschäftsbericht
enthalten ist) mit folgendem Ergebnis zu (unverbindliche Konsultativabstimmung):
The Annual
General Meeting accepts the 2020 Compensation Report (which can be found in the
Annual Report) with the following result (non-binding consultative vote):
Vertretene Stimmen:
Votes represented:
|
1’283’728’105
|
|
Absolutes Mehr:
Absolute majority:
|
641’864’053
|
|
90.23 %
|
Ja / Yes
|
1’158’269’667
|
Stimmen / votes
|
9.11 %
|
Nein / No
|
116’924’243
|
Stimmen / votes
|
0.66 %
|
Enthaltung / Abstention
|
8’534’195
|
Stimmen / votes
|
|
|
|
|
|
3. Entlastung des Verwaltungsrates und der mit der
Geschäftsführung betrauten Personen
3. Discharge of the Board of Directors and the
persons entrusted with management
Die
Generalversammlung erteilt den Mitgliedern des Verwaltungsrates und den mit der
Geschäftsführung betrauten Personen für das Geschäftsjahr 2020 Entlastung mit
folgendem Ergebnis:
The Annual
General Meeting grants discharge for the financial year 2020 to the members of
the Board of Directors and the persons entrusted with management with the
following result:
Vertretene Stimmen:
Votes represented:
|
1’282’859’799
|
|
Absolutes Mehr:
Absolute majority:
|
641’429’900
|
|
98.70 %
|
Ja / Yes
|
1’266’153’892
|
Stimmen / votes
|
0.39 %
|
Nein / No
|
4’944’964
|
Stimmen / votes
|
0.92 %
|
Enthaltung / Abstention
|
11’760’943
|
Stimmen / votes
|
|
|
|
|
|
4. Verwendung des
Bilanzgewinns
4. Appropriation of
earnings
Die Generalversammlung
stimmt dem Antrag des Verwaltungsrates zu, aus dem zur Verfügung stehenden
Bilanzgewinn von CHF 11’001’334’639 eine Dividende von CHF 0.80
brutto je Namenaktie auszuschütten (maximal CHF 1’734’518’611.20) und den
verbleibenden Betrag des Bilanzgewinns auf neue Rechnung vorzutragen.
The Annual General
Meeting approves the proposal of the Board of Directors to distribute a
dividend out of the earnings available (CHF 11,001,334,639) in the amount
of CHF 0.80 gross per registered share (maximum total amount CHF 1,734,518,611.20)
and to carry forward the remaining amount of the available earnings to the new
account.
Vertretene Stimmen:
Votes represented:
|
1’283’724’305
|
|
Absolutes Mehr:
Absolute majority:
|
641’862’153
|
|
99.39 %
|
Ja / Yes
|
1’275’835’592
|
Stimmen / votes
|
0.23 %
|
Nein / No
|
2’934’706
|
Stimmen / votes
|
0.39 %
|
Enthaltung / Abstention
|
4’954’007
|
Stimmen / votes
|
|
|
|
|
|
5. Kapitalherabsetzung durch Vernichtung von
Aktien, welche im Rahmen des Aktienrückkaufprogramms zurückgekauft wurden
5. Capital reduction through cancellation of shares
repurchased under the share buyback program
Die
Generalversammlung genehmigt gemäss dem Antrag des Verwaltungsrates:
The Annual General
Meeting approves the proposal of the Board of Directors:
a) die
Herabsetzung des Aktienkapitals von CHF 260’177’791.68 um
CHF 13’800’000.00 auf CHF 246’377’791.68 durch Vernichtung von
115’000’000 Namenaktien im Nennwert von je CHF 0.12, welche im Rahmen des
im Juli 2020 angekündigten Aktienrückkaufprogramms zurückgekauft wurden;
a) to
reduce the share capital of CHF 260,177,791.68 by CHF 13,800,000.00
to CHF 246,377,791.68 by way of cancellation of 115,000,000 shares with a
nominal value of CHF 0.12 each which were bought back by the Company under
the share buyback program announced in July 2020;
b) als
Ergebnis des Prüfungsberichts festzustellen, dass die Forderungen der Gläubiger
trotz Herabsetzung des Aktienkapitals voll gedeckt sind;
b) to
confirm as a result of the report of the auditors that the claims of the
creditors are fully covered notwithstanding the capital reduction;
c) die
Änderung von Artikel 4 Abs. 1 der Statuten auf den Zeitpunkt der Eintragung der
Kapitalherabsetzung in das Handelsregister auf folgenden Wortlaut (die
vorgeschlagenen Änderungen sind unterstrichen):
c) to
amend article 4 para.1 of the Articles of Incorporation according to the
following wording as per the date of the entry of the capital reduction in the
commercial register (the proposed amendments are underlined):
Artikel 4
Abs. 1
Das Aktienkapital der Gesellschaft beträgt CHF 246’377’791.68,
eingeteilt in 2’053’148’264 voll liberierte Namenaktien. Jede Aktie
hat einen Nennwert von CHF 0.12.
|
Article 4 para. 1
The share capital of
the Company is CHF 246,377,791.68 and is divided into 2,053,148,264
fully paid registered shares. Each share has a par value of CHF 0.12.
|
Vertretene Stimmen:
Votes represented:
|
1’283’724’055
|
|
Absolutes Mehr:
Absolute majority:
|
641’862’028
|
|
98.36 %
|
Ja / Yes
|
1’262’721’897
|
Stimmen / votes
|
1.23 %
|
Nein / No
|
15’797’801
|
Stimmen / votes
|
0.41 %
|
Enthaltung / Abstention
|
5’204’357
|
Stimmen / votes
|
|
|
|
|
|
6. Erneuerung des genehmigten Aktienkapitals
6. Renewal of authorized share capital
Die Generalversammlung genehmigt den Antrag des
Verwaltungsrates,
The Annual General Meeting approves the proposal of the
Board of Directors
das
genehmigte Aktienkapital der ABB Ltd im Betrag von höchstens CHF 24’000’000
zu erneuern, wodurch die Ausgabe von höchstens 200’000’000 Aktien im Nennwert
von je CHF 0.12 bis spätestens 25. März 2023 ermöglicht wird, durch
Änderung der Statuten durch einen neuen Artikel 4ter Abs. 1 mit folgendem
Wortlaut (die vorgeschlagenen Änderungen sind unterstrichen):
to
renew ABB Ltd’s authorized share capital in an amount not to exceed CHF 24,000,000,
enabling the issuance of up to 200,000,000 registered shares with a nominal
value of CHF 0.12 each by no later than March 25, 2023, by amending
article 4ter para. 1 of the Articles of Incorporation as follows (the
proposed amendments are underlined):
Artikel
4ter Abs. 1
Der
Verwaltungsrat ist ermächtigt, jederzeit bis zum 25. März 2023
das Aktienkapital im Maximalbetrag von CHF 24’000’000 durch Ausgabe von
höchstens 200’000’000 voll zu liberierenden Namenaktien mit einem Nennwert
von je CHF 0.12 zu erhöhen. Erhöhungen in Teilbeträgen sind gestattet.
|
Article
4ter para. 1
The Board of Directors
shall be authorized to increase the share capital in an amount not to exceed
CHF 24,000,000 through the issuance of up to 200,000,000 fully paid
registered shares with a par value of CHF 0.12 per share by not later
than March 25, 2023. Increases in partial amounts shall be
permitted.
|
Vertretene Stimmen:
Votes represented:
|
1‘283’491’199
|
|
2/3-Mehr:
2/3 majority:
|
855’660’800
|
|
71.44 %
|
Ja / Yes
|
916’890’828
|
Stimmen / votes
|
28.15 %
|
Nein / No
|
361’338’304
|
Stimmen / votes
|
0.41 %
|
Enthaltung / Abstention
|
5’262’067
|
Stimmen / votes
|
|
|
|
|
|
7.1. Bindende Abstimmung über den maximalen
Gesamtbetrag der Vergütung des Verwaltungsrates für die kommende Amtsdauer, d.
h. von der Generalversammlung 2021 bis zur Generalversammlung 2022
7.1. Binding vote on the maximum aggregate amount of
compensation of the Board of Directors for the next term of office, i. e. from
the 2021 Annual General Meeting to the 2022 Annual General Meeting
Die Generalversammlung genehmigt gemäss dem
Antrag des Verwaltungsrates
The Annual General Meeting
approves in accordance with the proposal of the Board of Directors
den maximalen Gesamtbetrag der Vergütung des
Verwaltungsrates für die Zeitspanne von der Generalversammlung 2021 bis zur
Generalversammlung 2022 im Betrag von CHF 4’400’000.
the maximum aggregate amount of compensation of
the Board of Directors covering the period from the 2021 Annual General Meeting
to the 2022 Annual General Meeting in the amount of CHF 4,400,000.
Vertretene Stimmen:
Votes represented:
|
1’283’721’206
|
|
Absolutes Mehr:
Absolute majority:
|
641’860’604
|
|
98.37 %
|
Ja / Yes
|
1’262’832’720
|
Stimmen / votes
|
0.87 %
|
Nein / No
|
11’177’652
|
Stimmen / votes
|
0.76 %
|
Enthaltung / Abstention
|
9’710’834
|
Stimmen / votes
|
|
|
|
|
|
7.2. Bindende Abstimmung über den maximalen
Gesamtbetrag der Vergütung der Geschäftsleitung für das folgende Geschäftsjahr,
d. h. 2022
7.2. Binding
vote on the maximum aggregate amount of compensation of the Executive Committee
for the following financial year, i. e. 2022
Die Generalversammlung genehmigt gemäss dem Antrag des
Verwaltungsrates
The Annual General Meeting approves in accordance with the
proposal of the Board of Directors
den
maximalen Gesamtbetrag der Vergütung der Geschäftsleitung für das Geschäftsjahr
2022 im Betrag von CHF 40’000’000.
the
maximum aggregate amount of compensation of the Executive Committee for the
financial year 2022 in the amount of CHF 40,000,000.
Vertretene Stimmen:
Votes represented:
|
1’283’725’575
|
|
Absolutes Mehr:
Absolute majority:
|
641’862’788
|
|
92.68 %
|
Ja / Yes
|
1’189’701’772
|
Stimmen / votes
|
6.55 %
|
Nein / No
|
84’097’988
|
Stimmen / votes
|
0.77 %
|
Enthaltung / Abstention
|
9’925’815
|
Stimmen / votes
|
|
|
|
|
|
8. Wahlen in den
Verwaltungsrat und Wahl des Präsidenten des Verwaltungsrates
8. Elections to the Board
of Directors and election of the Chairman of the Board of Directors
Die Generalversammlung wählt gemäss Antrag des
Verwaltungsrates folgende Mitglieder in den Verwaltungsrat für eine Amtsdauer
bis zum Abschluss der Generalversammlung 2022:
The
Annual General Meeting elects, as proposed by the Board of Directors, the
following persons to the Board of Directors for a term of office until
completion of the Annual General Meeting 2022:
·
Gunnar Brock, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’716’305
|
|
Absolutes Mehr:
Absolute majority:
|
641’858’153
|
|
95.98 %
|
Ja / Yes
|
1’232’056’326
|
Stimmen / votes
|
3.59 %
|
Nein / No
|
46’124’022
|
Stimmen / votes
|
0.43 %
|
Enthaltung / Abstention
|
5’535’957
|
Stimmen / votes
|
|
|
|
|
|
·
David Constable, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’710’505
|
|
Absolutes Mehr:
Absolute majority:
|
641’855’253
|
|
98.91 %
|
Ja / Yes
|
1’269’738’261
|
Stimmen / votes
|
0.66 %
|
Nein / No
|
8’478’672
|
Stimmen / votes
|
0.43 %
|
Enthaltung / Abstention
|
5’493’572
|
Stimmen / votes
|
|
|
|
|
|
·
Frederico
Fleury Curado, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’716’305
|
|
Absolutes Mehr:
Absolute majority:
|
641’858’153
|
|
81.91 %
|
Ja / Yes
|
1’051’446’181
|
Stimmen / votes
|
17.65 %
|
Nein / No
|
226’630’669
|
Stimmen / votes
|
0.44 %
|
Enthaltung / Abstention
|
5’639’455
|
Stimmen / votes
|
|
|
|
|
|
·
Lars Förberg, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’706’305
|
|
Absolutes Mehr:
Absolute majority:
|
641’853’153
|
|
98.16 %
|
Ja / Yes
|
1’260’051’753
|
Stimmen / votes
|
1.41 %
|
Nein / No
|
18’130’462
|
Stimmen / votes
|
0.43 %
|
Enthaltung / Abstention
|
5’524’090
|
Stimmen / votes
|
|
|
|
|
|
·
Jennifer Xin-Zhe Li, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’692’790
|
|
Absolutes Mehr:
Absolute majority:
|
641’846’396
|
|
99.36 %
|
Ja / Yes
|
1’275’532’843
|
Stimmen / votes
|
0.20 %
|
Nein / No
|
2’593’959
|
Stimmen / votes
|
0.43 %
|
Enthaltung / Abstention
|
5’565’988
|
Stimmen / votes
|
|
|
|
|
|
·
Geraldine Matchett, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’473’418
|
|
Absolutes Mehr:
Absolute majority:
|
641’736’710
|
|
99.42 %
|
Ja / Yes
|
1’276’033’775
|
Stimmen / votes
|
0.15 %
|
Nein / No
|
1’956’208
|
Stimmen / votes
|
0.43 %
|
Enthaltung / Abstention
|
5’483’435
|
Stimmen / votes
|
|
|
|
|
|
·
David Meline, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’716’305
|
|
Absolutes Mehr:
Absolute majority:
|
641’858’153
|
|
99.39 %
|
Ja / Yes
|
1’275’844’796
|
Stimmen / votes
|
0.18 %
|
Nein / No
|
2’263’164
|
Stimmen / votes
|
0.44 %
|
Enthaltung / Abstention
|
5’608’345
|
Stimmen / votes
|
|
|
|
|
|
·
Satish Pai, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’716’255
|
|
Absolutes Mehr:
Absolute majority:
|
641’858’128
|
|
99.37 %
|
Ja / Yes
|
1’275’621’265
|
Stimmen / votes
|
0.18 %
|
Nein / No
|
2’359’990
|
Stimmen / votes
|
0.45 %
|
Enthaltung / Abstention
|
5’735’000
|
Stimmen / votes
|
|
|
|
|
|
·
Jacob Wallenberg, als Mitglied / as Director
Vertretene Stimmen:
Votes represented:
|
1’283’713’402
|
|
Absolutes Mehr:
Absolute majority:
|
641’856’702
|
|
90.06 %
|
Ja / Yes
|
1’156’075’218
|
Stimmen / votes
|
9.42 %
|
Nein / No
|
120’972’805
|
Stimmen / votes
|
0.52 %
|
Enthaltung / Abstention
|
6’665’379
|
Stimmen / votes
|
|
|
|
|
|
·
Peter Voser, als Mitglied und Präsident / as Director and Chairman
Vertretene Stimmen:
Votes represented:
|
1’283’709’857
|
|
Absolutes Mehr:
Absolute majority:
|
641’854’929
|
|
92.94 %
|
Ja / Yes
|
1’193’097’825
|
Stimmen / votes
|
6.64 %
|
Nein / No
|
85’278’321
|
Stimmen / votes
|
0.42 %
|
Enthaltung / Abstention
|
5’333’711
|
Stimmen / votes
|
|
|
|
|
|
9. Wahlen in den
Vergütungsausschuss
9. Elections to the Compensation Committee
Die Generalversammlung
wählt gemäss Antrag des Verwaltungsrates folgende Mitglieder des Verwaltungsrates
in den Vergütungsausschuss für eine Amtsdauer bis zum Abschluss der
Generalversammlung 2022:
The Annual General Meeting
elects, as proposed by the Board of Directors, the following members of the
Board of Directors to the Compensation Committee for a term of office until
completion of the Annual General Meeting 2022:
·
David Constable
Vertretene Stimmen:
Votes represented:
|
1’283’727’805
|
|
Absolutes Mehr:
Absolute majority:
|
641’863’903
|
|
98.94 %
|
Ja / Yes
|
1’270’165’312
|
Stimmen / votes
|
0.60 %
|
Nein / No
|
7’723’416
|
Stimmen / votes
|
0.45 %
|
Enthaltung / Abstention
|
5’839’077
|
Stimmen / votes
|
|
|
|
|
|
|
|
|
|
·
Frederico Fleury Curado
Vertretene Stimmen:
Votes represented:
|
1’283’725’885
|
|
Absolutes Mehr:
Absolute majority:
|
641’862’943
|
|
82.83 %
|
Ja / Yes
|
1’063’357’488
|
Stimmen / votes
|
16.69 %
|
Nein / No
|
214’314’201
|
Stimmen / votes
|
0.47 %
|
Enthaltung / Abstention
|
6’054’196
|
Stimmen / votes
|
|
|
|
|
|
|
|
|
|
·
Jennifer Xin-Zhe Li
Vertretene Stimmen:
Votes represented:
|
1’283’726’968
|
|
Absolutes Mehr:
Absolute majority:
|
641’863’485
|
|
99.10 %
|
Ja / Yes
|
1’272’231’121
|
Stimmen / votes
|
0.43 %
|
Nein / No
|
5’474’480
|
Stimmen / votes
|
0.47 %
|
Enthaltung / Abstention
|
6’021’367
|
Stimmen / votes
|
|
|
|
|
|
10. Wahl des unabhängigen Stimmrechtsvertreters
10. Election of the independent proxy
Die Generalversammlung wählt gemäss Antrag des
Verwaltungsrates für eine Amtsdauer bis zum Abschluss der ordentlichen
Generalversammlung 2022:
The Annual General Meeting elects, as proposed by the Board
of Directors, for a term of office until completion of the Annual General
Meeting 2022:
·
Dr. Hans Zehnder, Bahnhofplatz 1, 5400 Baden, Switzerland
als unabhängigen Stimmrechtsvertreter.
as independent proxy.
Vertretene Stimmen:
Votes represented:
|
1’283’724’865
|
|
Absolutes Mehr:
Absolute majority:
|
641’862’433
|
|
98.62 %
|
Ja / Yes
|
1’266’017’185
|
Stimmen / votes
|
0.99 %
|
Nein / No
|
12’761’001
|
Stimmen / votes
|
0.39 %
|
Enthaltung / Abstention
|
4’946’679
|
Stimmen / votes
|
|
|
|
|
|
11. Wahl der Revisionsstelle
11. Election of the auditors
Die Generalversammlung
wählt gemäss Antrag des Verwaltungsrates KPMG AG, Zürich, als Revisionsstelle
für das Geschäftsjahr 2021.
The Annual General Meeting elects,
as proposed by the Board of Directors, KPMG AG, Zurich, as the auditors for
financial year 2021.
Vertretene Stimmen:
Votes represented:
|
1’283’729’131
|
|
Absolutes Mehr:
Absolute majority:
|
641’864’566
|
|
99.38 %
|
Ja / Yes
|
1’275’726’786
|
Stimmen / votes
|
0.21 %
|
Nein / No
|
2’745’417
|
Stimmen / votes
|
0.41 %
|
Enthaltung / Abstention
|
5’256’928
|
Stimmen / votes
|
|
|
|
|
|
Der Präsident schliesst
die Generalversammlung um 10.20 Uhr.
The Chairman closes the Annual General
Meeting at 10.20 a.m.
Zürich, 25.
März 2021
Für das
Protokoll:
For the minutes:
Peter Voser
|
Maria Varsellona
|
Präsident des Verwaltungsrates
Chairman of the Board of Directors
|
Sekretärin des Verwaltungsrates
Secretary to the Board of Directors
|
—
ZURICH, SWITZERLAND, MARCH 25, 2021
ABB shareholders approve all proposals at 2021 Annual General
Meeting
Payout of dividend and Board and Executive Committee compensation
confirmed. Shareholders also approved capital reduction through the
cancellation of shares repurchased under ABB’s share buyback program.
The shareholders of ABB have approved all the proposals by the
company’s Board of Directors at its 2021 Annual General Meeting. Due to the
extraordinary circumstances and in line with applicable Swiss COVID-19
legislation, shareholders were not able to attend the meeting in person but
could exercise their shareholder rights via the independent proxy who
represented 59 percent of the issued share capital.
The shareholders supported the proposed distribution of a dividend
of CHF 0.80 per share with
99.4 percent of the votes. The dividend payment in
Switzerland is planned for March 31, 2021. The shareholders also approved
the management report, the consolidated financial statements and the annual
financial statements for 2020 with 99.4 percent of the votes.
Peter Voser was confirmed as Chairman of the company’s Board of
Directors with 92.9 percent of the votes. With the exception of Matti
Alahuhta, who as announced earlier did not stand for re-election, all other
members of the Board were re-elected for another term: Jacob Wallenberg, Gunnar
Brock, David Constable, Frederico Fleury Curado, Lars Förberg, Jennifer Xin-Zhe
Li, Geraldine Matchett, David Meline and Satish Pai.
Furthermore, a capital reduction through the cancellation of
shares repurchased under ABB’s share buyback program announced in July 2020 was
supported with 98.4 percent. Shareholders also approved in a binding vote
with 98.4 percent the maximum aggregate compensation of the Board of
Directors for the 2021–2022 term of office and of the Executive Committee for
the 2022 financial year with 92.7 percent. In addition, in a non-binding
vote the shareholders voted in favor of the compensation report for 2020 with
90.2 percent of the votes.
The final results of the Annual General Meeting are available on
www.abb.com. ABB will be reporting first quarter results on April 27,
2021.
ABB (ABBN: SIX Swiss Ex) is
a leading global technology company that energizes the transformation of
society and industry to achieve a more productive, sustainable future. By
connecting software to its electrification, robotics, automation and motion
portfolio, ABB pushes the boundaries of technology to drive performance to new
levels. With a history of excellence stretching back more than 130 years, ABB’s
success is driven by about 105,000 talented employees in over 100 countries.
www.abb.com
—
|
For more information please contact:
|
Media Relations
Phone: +41 43 317 71 11
Email:
media.relations@ch.abb.com
|
Investor Relations
Phone:
+41 43 317 71 11
Email:
investor.relations@ch.abb.com
|
ABB Ltd
Affolternstrasse
44
8050
Zurich
Switzerland
|
ABB SHAREHOLDERS APPROVE ALL PROPOSALS AT 2021 ANNUAL GENERAL
MEETING
|
2/2
|
—
ZURICH, SWITZERLAND, MARCH 25, 2021
ABB plans to launch new share buyback following completion of
initial program
Follow-up share buyback program expected to begin in April 2021
and run until 2022 Annual General Meeting.
ABB has completed its initial share buyback program that was
launched in July 2020 as part of the company’s commitment to return to
shareholders cash proceeds from the Power Grids divestment of $7.6-7.8 billion.
Through the initial buyback program, ABB repurchased a total of 128,620,589
shares – equivalent to 5.93 percent of its issued share capital at launch
of the buyback program – for a total amount of approximately $3.5 billion
over the past 8 months.
At today’s Annual General Meeting (AGM), as separately announced,
ABB shareholders approved the cancellation of 115 million shares purchased
under the initial share buyback program.
Consistent with ABB’s capital structure optimization program,
ABB’s Board of Directors today approved a further share buyback program of up
to $4.3 billion. With today’s decision, the Board confirms ABB’s intention
to return $7.8 billion of cash proceeds from the Power Grids divestment to
shareholders through share buybacks. The program is expected to be launched in
April 2021. It will be executed on a second trading line on the SIX Swiss
Exchange and is planned to run until the company’s 2022 AGM.
ABB intends to request shareholders to approve the cancellation of
the remaining shares purchased under the initial program as well as those
purchased under this new program at its 2022 AGM.
In addition, ABB intends to purchase up to 35 million shares
until the 2022 AGM mainly for use in connection with its employee share plans.
ABB currently owns approximately 163 million treasury shares
including the 115 million shares approved for cancellation at today’s AGM.
ABB (ABBN: SIX Swiss Ex) is
a leading global technology company that energizes the transformation of
society and industry to achieve a more productive, sustainable future. By
connecting software to its electrification, robotics, automation and motion
portfolio, ABB pushes the boundaries of technology to drive performance to new
levels. With a history of excellence stretching back more than 130 years, ABB’s
success is driven by about 105,000 talented employees in over 100 countries.
www.abb.com
Important notice about forward-looking information
This press release includes forward-looking information and statements
concerning the share buyback program. These statements are based on current
expectations, estimates and projections about the factors that may affect our
future performance, and are generally identifiable by statements containing
words such as “intends”, “expects,” “plans”, or similar expressions. However,
there are many risks and uncertainties, many of which are beyond our control,
that could affect our ability to achieve any or all of our stated targets.
Factors that could cause such differences include, among others, business risks
associated with the volatile global economic environment and political
conditions, changes in governmental
regulations and currency exchange rates and such other factors as
may be discussed from time to time in ABB Ltd’s filings with the U.S.
Securities and Exchange Commission, including its Annual Reports on Form 20-F.
Although ABB Ltd believes that its expectations reflected in any such
forward-looking statement are based upon reasonable assumptions, it can give no
assurance that those expectations will be achieved.
—
|
For more information please contact:
|
Media Relations
Phone: +41 43 317 71 11
Email:
media.relations@ch.abb.com
|
Investor Relations
Phone:
+41 43 317 71 11
Email:
investor.relations@ch.abb.com
|
ABB Ltd
Affolternstrasse
44
8050
Zurich
Switzerland
|
ABB
PLANS TO LAUNCH NEW SHARE BUYBACK FOLLOWING COMPLETION OF INITIAL PROGRAM
|
2/2
|
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
|
ABB LTD
|
|
|
|
|
|
|
Date: March 25, 2021.
|
By:
|
|
|
|
Name:
|
Ann-Sofie Nordh
|
|
|
Title:
|
Group Senior Vice President and
Head of Investor Relations
|
|
|
|
|
|
|
Date: March 25, 2021.
|
By:
|
|
|
|
Name:
|
Richard A. Brown
|
|
|
Title:
|
Group Senior Vice President and
Chief Counsel Corporate & Finance
|
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