Press Release 10/27/2010 Nomination Committee in advance of OEM International AB's Annual General Meeting 2011.

Press Release 10/27/2010

Nomination Committee in advance of OEM International AB's Annual General
Meeting 2011. 

At the AGM, 26 April 2010, it was decided that the Nomination Committee
should consist of a representative for each of the three smallest and at
the most 4 of the largest shareholders in the company and the Chairman
of the Board. If a shareholder does not exercise his or her right to
appoint a member, then the shareholder with the next greatest number of
votes has the right to appoint a member to the Nomination Committee. The
names of the members, together with the names of the shareholders they
represent, shall be published no later than six months before the AGM
2011 and shall be based on the known number of votes immediately before
the announcement. The Nomination Committee's mandate shall run until a
new Nomination Committee has been appointed. The Chairman of the
Nomination Committee shall be the Chairman of the Board.

 

If significant changes occur in the ownership of the company, after the
Nomination Committee has been appointed, the composition of the
Nomination Committee shall also be changed in accordance with the
principles above. A shareholder who has appointed a representative to be
a member of the Nomination Committee shall be entitled to dismiss such a
member and appoint a new representative as a member of the Nomination
Committee, as well as to appoint a new representative if the appointed
member chooses to leave the Nomination Committee. Changes in the
composition of the Nomination Committee shall be made public as soon as
they have taken place.

 

Pursuant to this, the following people have been appointed as members of
the Nomination Committee: Lars-Åke Rydh, Chairman of the Nomination
Committee, Jerker Löfgren, Orvaus AB, Hans Franzén, Agne Svenberg and
Bengt Stillström, AB Traction.

 

The Nomination Committee is deviating from the Code's rules with regards
to (in so far as); that the majority are Board Members, that at the most
one of the Board Members who is included is allowed to be independent of
major shareholders and that [a] Board Member must not be the chairman of
the Nomination Committee.

It is deemed reasonable that a company of this size has a Nomination
Committee that represents the major shareholders and that some of these
even act as Board Members. 

 

OEM International's AGM will be held Monday 3 May 2011, in Tranås.   

 

Shareholders who wish to submit proposals to the Nomination Committee
can direct themselves to the Nomination Committee's Chairman, Lars-Åke
Rydh, tel 0705-92 45 70 or via e-post lasse@lasserydh.se

 

 

Tranås, 27 October 2010

 

OEM INTERNATIONAL AB (publ)

For further information, contact Lars-Åke Rydh, Board Chairman OEM
International AB, telephone +46 (0)705-92 45 70