STOCKHOLM, May. 09, 2017 /PRNewswire/ --
The Board of Directors of the worldwide leader in automotive
safety systems, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today
declared a quarterly dividend of 60
cents per share for the third quarter of 2017.
The dividend will be payable on Thursday,
September 7, 2017 to Autoliv stockholders of record on the
close of business on Wednesday, August
23. The ex-date will be Monday,
August 21 for holders of the common stock listed on the New
York Stock Exchange (NYSE) and Tuesday,
August 22 for holders of Swedish Depository Receipts (SDRs)
listed on the NASDAQ Stockholm.
Annual Meeting of Stockholders
At the Company's Annual General Meeting of Stockholders (AGM)
held today, May 9, in Chicago, Illinois, sufficient votes were
received to approve the following proposals:
• The re-election of Robert A.
Alspaugh, Jan Carlson,
Leif Johansson, David E. Kepler, Franz-Josef Kortüm,
Xiaozhi Liu, James Ringler, Kazuhiko
Sakamoto and Wolfgang Ziebart
as directors of the Autoliv Board for a one-year term ending at the
2018 AGM;
• The non-binding, advisory resolution to approve the Company's
2016 executive compensation for its named executive officers;
• The non-binding, advisory resolution to hold future advisory
votes to approve the compensation of its named executive officers
every one year; and
• The ratification of the appointment of Ernst & Young AB as
the Company's independent auditing firm for the fiscal year ending
December 31, 2017.
Based on the outcome of the vote on the frequency of future
advisory "say-on-pay" votes to approve executive compensation, the
Board has determined that the Company will continue to hold such
advisory "say-on-pay" votes every year until the next required
frequency vote.
Committees of the Board
Effective May 9, 2017, the Board
also approved changes to the membership of its committees, which
are now composed as follows:
Audit Committee: Robert W.
Alspaugh (Chairman), David E.
Kepler and Wolfgang
Ziebart
Leadership Development and Compensation Committee: James M. Ringler (Chairman), Leif Johansson and Xiaozhi Liu
Nominating and Corporate Governance Committee: Leif Johansson (Chairman), Franz-Josef Kortüm,
Xiaozhi Liu, and James M. Ringler
Risk and Compliance Committee: David E.
Kepler (Chairman), Robert W.
Alspaugh, Kazuhiko Sakamoto
and Wolfgang Ziebart
Lead Independent Director
Pursuant to the Company's Corporate Governance Guidelines, at
the same Board meeting, the independent members of the Board
resolved that James Ringler serve as
the Lead Independent Director of the Board as Mr. Carlson is both
an officer of the Company and the Chairman of the Board.
This information is information that Autoliv, Inc. is obliged to
make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the contact
person set out above, at 17.00 CET on May 9, 2017.
CONTACT:
Thomas Jönsson, Vice President Corporate Communications. Tel:
+46 (8) 58 72 06 27
This information was brought to you by Cision
http://news.cision.com
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