Annual General Meeting 2014 – Shareholders approve all proposals put forward by the Board of Directors

Horgen, May 7, 2014 – At the Annual General Meeting of Schweiter Technologies AG held today in Horgen, shareholders approved all proposals put forward by the Board of Directors.

Notably, distribution of a dividend of CHF 40 per bearer share was approved.

Beat Siegrist, Lukas Braunschweiler and Jacques Sanche were all re-elected as members of the Board of Directors, and Beat Siegrist was additionally confirmed as Chairman. Vanessa Frey and Jan Jenisch were elected as new members of the Board of Directors. Jacques Sanche, Vanessa Frey and Jan Jenisch were also elected to the Compensation Committee. In the constitutive meeting following the Annual General Meeting, Jacques Sanche was elected Chairman of the Compensation Committee.

Shareholders accepted the proposal of the Board of Directors to amend the articles of incorporation in accordance with the Ordinance against Excessive Compensation (OaEC), which entered into force on January 1, 2014.

At the start of the year, operational business developed favourably and within the scope of the forecast communicated in the media release of March 17, 2014.

For further information, please contact:
Martin Klöti, CFO
Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti@schweiter.com