Annual General Meeting: Shareholders Approve all Agenda Items
Merck KGaA, Darmstadt, Germany, a leading science and technology company, held its 26th Annual General Meeting in virtual form today.
The Annual General Meeting approved the actions of the Executive Board and the Supervisory Board of Merck KGaA, Darmstadt, Germany, for fiscal 2020 by a large majority and approved all of the resolutions on the agenda, including the proposed dividend of € 1.40 per share, an increase of € 0.10 over the previous year.
Stefan Oschmann, Chairman of the Executive Board and CEO, said farewell to shareholders and passed a symbolic baton to his successor, Belén Garijo, who will become Chair of the Executive Board and CEO on May 1.
Within the scope of the Annual General Meeting, shareholders voted, among other things, on the revised compensation system for members of the Executive Board. The compensation system has been developed further and adapted to the new regulatory framework conditions. It is expected to further strengthen the long-term incentive effect of the compensation and, at the same time, rule out disproportionate discrepancies. Apart from the principles of good corporate governance, the implementation of the company’s sustainability goals is an important element of the system.
More than 1,000 users followed the live transmission of the Annual General Meeting on the Internet. When the resolutions were voted on, around 89.5 million shares were represented, corresponding to 68.25% of the approximately 129.2 million shares issued. The details of the voting results can be found at www.emdgroup.com/agm.
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About Merck KGaA, Darmstadt, Germany
Merck KGaA, Darmstadt, Germany, a leading science and technology company, operates across healthcare, life science and electronics. Around 58,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2020, Merck KGaA, Darmstadt, Germany, generated sales of € 17.5 billion in 66 countries.
The company holds the global rights to the name and trademark “Merck” internationally. The only exceptions are the United States and Canada, where the business sectors of Merck KGaA, Darmstadt, Germany operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Electronics. Since
its founding in 1668, scientific exploration and responsible entrepreneurship have been key to the company’s technological and scientific advances. To this day, the founding family remains the majority owner of the publicly listed company.
Merck KGaA, Darmstadt, Germany achieved strong business results in the first quarter. Group sales increased by 6.0% to € 4.6 billion compared with the year-earlier quarter.