On this page, we provide all relevant information and documents relating to the shareholders' meeting of init SE.
Shareholders' Meeting 2023
The shareholders' meeting of init SE took place on 25 May 2023 at 10:00 am CET.
To mark the 40-year anniversary of the company, init shareholders will receive a one-off special dividend of EUR 0.10 per no-par value share. In addition, a regular dividend of EUR 0.60 per no-par value share will be paid for the 2022 financial year to reflect the positive trend in earnings. There was a large majority in favour of this proposal for the appropriation of earnings as well as for the proposal to exonerate the Managing Board
We would like to thank our shareholders for their active participation and the high approval. Here you can find the detailed voting results as well as the dividend notice.
Invitation and Information
Presentation of the adopted annual financial statements, the approved consolidated financial statements and the combined management report as well as the report of the Supervisory Board and the report of the Managing Board including explanations on the disclosures pursuant to Sections 289 (4) and 315 (4) of the German Commercial Code (HGB) for the financial year 2022
Resolution to exonerate the members of the Managing Board for the financial year 2022
The Managing Board and the Supervisory Board propose to exonerate the members of the Managing Board for the financial year 2022
Resolution to exonerate the members of the Supervisory Board for the financial year 2022
The Managing Board and the Supervisory Board propose to exonerate the members of the Supervisory Board for the financial year 2022
Amendment to the articles of incorporation regarding the number of members of the Supervisory Board
The Managing Board and the Supervisory Board propose expanding the Supervisory Board and wording Article 8 (1) of the articles of incorporation as follows: “The Supervisory Board has six members who are elected by the Shareholders’ Meeting.”
Resolution on the approval of the amended remuneration system for the members of the Supervisory Board
According to Section 113 (3) Sentence 1 and 2 AktG, the Shareholders’ Meeting of a listed company shall pass a resolution on any significant amendment (but at least every four years) on the confirmation of the remuneration system for the Supervisory Board members passed by the Supervisory Board in accordance with Section 113 AktG. A remuneration system for the Supervisory Board was already approved at the Shareholders’ Meeting on 19 May 2021 and again on 18 May 2022 after it was amended subsequent to the establishment of an audit committee. The creation of a nomination and personnel committee is planned for the Supervisory Board of init SE in the near future, the members of which should be granted remuneration for their service. For this reason, the Supervisory Board has passed a resolution to expand the existing remuneration system to include the future committee. The Managing Board and Supervisory Board propose to confirm the amended system for the remuneration of the Supervisory Board members presented in “II Additional information on the agenda items”.
Resolution on the approval of the remuneration report
Following the amendment of the Stock Corporation Act due to the implementation of the Shareholder Rights Directive II (SRD II), a remuneration report pursuant to Section 162 AktG has to be prepared by the Managing Board and the Supervisory Board and to be presented to the Shareholders’ Meeting for approval in accordance with Section 120 a (4) AktG. In accordance with Section 162 (3) AktG, the remuneration report was audited by the auditor to determine whether the disclosures required by Section 162 (1) and (2) AktG have been made. The report on the audit of the remuneration report is attached to the remuneration report. The Managing Board and Supervisory Board propose to approve the audited remuneration report for the financial year 2022
We ask shareholders to pay attention to the following information regarding registration for the Shareholders' Meeting, the exercise of voting rights and other shareholder rights:
Procedure for casting of votes
Proxy Authorisation and Instruction Form
No countermotions have been received.
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