After the conclusion of its first full financial year as an independent, listed company, the second Annual General Meeting of Daimler Truck Holding AG ("Daimler Truck") took place on 21 June, 2023.
At the Annual General Meeting, the shareholders of Daimler Truck Holding AG approved all of the resolutions proposed by the management with a clear majority. The proposal for the first dividend payment of €1.30 per share was approved. The actions for the 2022 financial Year of the members of the Board of Management and the members of the Supervisory Board have been approved by means of individual votes with a large majority. The share capital was represented with a presence of 75.97%.
Furthermore, the Annual General Meeting approved the new remuneration system for the members of the Board of Management by a large majority of 96.62%. In the future, the variable remuneration components of the Board of Management will be even more dependent on whether non-financial targets in addition to financial ESG targets have been achieved. Thus, the new remuneration model is even more aligned to the sustainability interests of shareholders.
In addition, a resolution was passed to amend the Articles of Incorporation to authorize the Board of Management to provide for the General Meeting each in 2024 and 2025 to be held in presence or in virtual format.
Daimler Truck reaffirms at the Annual General Meeting its strategic ambitions: Continuous profitable growth and a leading role in the transformation toward sustainable transportation. A core element of this is the dual technology strategy. In addition to battery-electric drives, the Company is also focusing on hydrogen. The future product portfolio is developed based on these two drive concepts. By the end of 2022, the Group already had eight zero-emission truck and bus models in series production - not only in Europe, but also in the USA, South America and Japan. In the U.S. market, two more models will be added to the all-electric truck portfolio this year.
With 520,291 units sold in 2022, 14% more trucks and buses have been sold worldwide than in the same period of the previous year (455,445 units). The financial year also showed a favorable trend in earnings and return on sales. The Company recorded sales growth of 28% to €50.9 billion. Adjusted EBIT increased by 55% year-on-year to about €4.0 billion. The free cash flow of the Industrial Business increased by 12% to €1.7 billion in the reporting year (2021: €1.6 billion). Daimler Truck thus achieved its profitability and margin improvement targets for 2022.
Daimler Truck started the year 2023 with a strong business development and was able to continue its profitable growth course.
You can find the complete press release regarding Annual General Meeting 2023 here.
Agenda Item 1
The following information can be found in the Annual Report:
- Consolidated Financial Statements 2022
- Report of the Supervisory Board
- Combined Management Report with Non-Financial Statement of the Group
- Explanatory Report on the Information required pursuant to Section 289a and Section 315a of the German Commercial Code (Handelsgesetzbuch)
- Declaration on Corporate Governance
- Statement of Investments pursuant to Section 313 of the German Commercial Code (Handelsgesetzbuch)
Agenda Item 2
Agenda Item 6
Agenda item 7
Below you will find all counter-motions and election proposals from shareholders within the meaning of Sections 126, 127 of the German Stock Corporation Act (Aktiengesetz) relating to the items on the agenda of the Annual General Meeting 2023 which are to be made accessible.
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