Ad hoc releases
Results of the Annual General Meeting of UBS AG
UBS AG shareholders re-elected the existing members of the Board of Directors proposed for re-election and also elected Isabelle Romy, Beatrice Weder di Mauro and Axel A. Weber to the Board for the first time at the Annual General Meeting on May 3, 2012. Following the meeting, the Board of Directors appointed Axel A. Weber its Chairman, as was its intention in the event of his election.
Zurich, 3 May 2012 – At the Annual General Meeting (AGM) on May 3, 2012, UBS AG shareholders approved the annual report and the Group financial statements for 2011. They further approved the distribution of CHF 0.10 per share out of capital contribution reserves (99.05%).
Shareholders rejected the proposals to increase the conditional capital from CHF 14,863,932.60 to CHF 30,000,000 and to amend the wording of Article 4a para. 1 of the Articles of Association to permit the delivery of shares out of the conditional capital to satisfy awards granted under employee share plans (62.01%). To fulfill its obligations to employees under these plans, UBS will continue to acquire the necessary shares on the market.
In an advisory vote, shareholders voted by a 60.07% majority to ratify the 2011 compensation report.
The shareholders discharged the members of the Board of Directors and the Group Executive Board for the financial year 2011 (52.84%).
Elections to the Board of Directors
The AGM re-elected Michel Demaré (98.35%), David Sidwell (97.77%), Rainer-Marc Frey (97.71%), Ann F. Godbehere (96.11%), Axel P. Lehmann (98.28%), Wolfgang Mayrhuber (95.27%), Helmut Panke (96.33%), William G. Parrett (97.69%) and Joseph Yam (98.36%) to the Board of Directors and elected Isabelle Romy (99.13%), Beatrice Weder di Mauro (99.17%) and Axel A. Weber (98.84%) to the Board for the first time.
Following the AGM, the Board of Directors appointed Axel A. Weber Chairman of the Board of Directors, as was its intention in the event of his election. Michel Demaré remains Vice Chairman and David Sidwell Senior Independent Director.
UBS thanks the outgoing Chairman of the Board of Directors, Kaspar Villiger, and outgoing Board member Bruno Gehrig for their invaluable services and contributions to the firm. The Board of Directors wishes Mr. Villiger and Mr. Gehrig all the best for the future.
3,443 shareholders attended the AGM, representing 1,635,146,936 votes.