Speech, Information and Documents
This year’s Annual General Meeting of adidas AG was held on May 6, 2010 at the City Hall of Fuerth/Bavaria, Germany. The Annual General Meeting of adidas AG was attended by approximately 460 shareholders and shareholder representatives. 46.37 per cent of the shareholders’ voting rights were represented at the Annual General Meeting.
With a majority of 99.99 per cent the shareholders of adidas AG have approved the distribution of a dividend of € 0.35 per share for the financial year 2009 at the Annual General Meeting held in Fuerth on Thursday. ...
With a majority of 99.99 per cent the shareholders of adidas AG have approved the distribution of a dividend of € 0.35 per share for the financial year 2009 at the Annual General Meeting held in Fuerth on Thursday. The dividend amounting to a total of € 73,225,665.10 was paid out on May 7, 2010. The proposal of the administration to ratify the actions of the members of the Executive Board has been approved with a majority of 99.01 per cent; the actions of the members of the Supervisory Board were ratified with a majority of 98.97 per cent. In addition, the Annual General Meeting has approved with a majority of 89.96 per cent the compensation system for the members of the Executive Board as proposed and explained in detail in the compensation report. The Annual General Meeting has further approved the amendment to § 19 section 2 and § 20 section 1 and 4 (Time Period for Convocation and Registration, Participation in the General Meeting), the revocation of § 19 section 4 as well as the adjustment to § 21 (Voting Right) of the Articles of Association. Moreover, the Annual General Meeting has created a new amount of authorised capital (Authorised Capital 2010) in the amount of 20,000,000 € valid for five years from the entry into the Commercial Register. The former amount of authorised capital amounting to 20,000,000 € (§ 4 section 4 of the Articles of Association) has been cancelled. The Contingent Capital 1999/I and 2003/II (§ 4 section 5 and 6 of the Articles of Association), which served the purpose of ensuring subscription rights deriving from share options which were issued within the Company’s Management Share Option Plan (MSOP) and the issuance of no-par-value bearer shares when exercising option and/or conversion rights deriving from bonds with warrants and/or convertible bonds, were cancelled completely. Moreover, the Annual General Meeting has resolved to cancel the hitherto unused authorisation of the Executive Board expiring on May 10, 2011 to issue bonds with warrants and/or convertible bonds and to create a contingent capital (§ 4 section 7 of the Articles of Association) in the amount of 20,000,000 € and simultaneously authorised the Executive Board to issue bonds with warrants and/or convertible bonds up to and including May 5, 2015 and to create a new contingent capital in the amount of 36,000,000 € (Contingent Capital 2010). The Annual General Meeting has further authorised the Executive Board to repurchase and use the Company’s treasury shares pursuant to § 71 section 1 No. 8 of the German Stock Corporation Act (Aktiengesetz - AktG) - also by using equity derivatives. The authorisations are valid until May 5, 2015. The former authorisations to repurchase treasury shares granted on May 7, 2009 have been cancelled. Moreover, the Annual General Meeting has resolved with a majority of 99.01 per cent to convert the company's bearer shares to registered shares, to change the Articles of Association accordingly and to amend the resolutions on agenda item 10 letters b), c) and d) adopted by the Annual General Meeting. With a majority of 99.48 per cent, KPMG AG Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, Germany, has been appointed as auditor of the consolidated financial statements and annual financial statements for the financial year 2010 and for the audit review of the financial statements and interim management report for the first six months of the financial year 2010, if applicable.
The complete voting results, the announcement regarding the dividend as well as further publications pursuant to § 30b WpHG and the written speech of our Chief Executive Officer, Mr. Herbert Hainer, together with the presentation slides are available below. For the invitation and agenda as well as all documents relating to the agenda, please go to our "Invitation incl. Agenda and Related Documents" section below. >> SPEECH AND FURTHER DOCUMENTS RELATING TO THE EVENT
>> ANNUAL GENERAL MEETING 2011 The next Annual General Meeting of adidas AG will be held on May 12, 2011 in the Stadthalle Fuerth, Rosenstrasse 50, 90762 Fuerth, Germany.
View our Annual Report 2009 online
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