Summary of the Annual Meeting of Shareholders of OMZ OJSC of June 11, 2013
On June 11, 2013 a regular annual meeting of shareholders of Open Joint Stock Company United Heavy Machinery Plants (Uralmash-Izhora Group) was held.
Following the agenda the shareholders reviewed and approved the annual report on Company operations in 2012 and annual accounting reports, including P&L statement, etc.
By decision of the shareholders, based on results of its operations in 2012, the Company will pay preferred dividends in the annual amount of 12% of the nominal value of the shares per year on the account of retained earnings made in the past years.
During the shareholders meeting, a new Board of Directors was elected; it is composed of 8 people. The following individuals were elected to the Board of Directors:
1. Oleg Vaksman
2. Dmitry Zauers
3. Vadim Makhov
4. Igor Molibog
5. Alexander Muranov
6. Famil Sadygov
7. Alexander Sobol
8. Igor Timofeev
The shareholders approved payment of compensation to the members of the Board of Directors in the amount established by the Regulation on Compensation of the OMZ OJSC Board of Directors (approved by the general meeting of shareholders of OMZ OJSC in 2012) and also approved the Regulation on Compensation of the OMZ OJSC Board of Directors. The shareholders also elected a Company Audit Commission consisting of 3 persons.
Closed Join-Stock Company HLB Vneshaudit was assigned to audit the Company's accounting reports under the Russian Federation law. Closed Join-Stock Company KPMG was assigned to audit the Company's accounting reports in line with the international accounting standards.
The meeting decided to approve transactions involving OMZ interest that can be made in the future in the course of regular business of the Company.