Wacker Neuson SE (WKRCF) Friday announced that it conducted its Annual General Meeting in Munich with approximately 77.8 percent of share capital represented. All agenda items received strong approval.
Shareholders approved a dividend payout of €1.15 per eligible share for fiscal year 2024, as proposed by the Executive and Supervisory Boards.
Routine resolutions—including board discharge, auditor appointment, and approval of the remuneration report—also passed. The meeting endorsed a new remuneration system for the Executive Board and confirmed the remuneration framework for the Supervisory Board.
The AGM marked the end of terms for all four shareholder representatives on the Supervisory Board. Mr. Hans Neunteufel, Prof. Dr. Matthias Schüppen, and Mr. Ralph Wacker were re-elected, while Mr. Peter Riegler joined the board for the first time.
CEO Dr. Karl Tragl stated that the company aims to continue rewarding shareholders for their support, highlighting a consistent dividend distribution policy of 40-60% of earnings. This year's dividend represents a 58.3% payout ratio and a 4.1% yield based on 2024 year-end share prices.
Voting results from the AGM will be published on the company's website later today.
WKRCF is currently trading at $26.94 on the OTC Markets OTCPK, with no price movement observed.
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