UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2013
Autoliv, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-12933 | 51-0378542 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Vasagatan 11, 7th Floor, SE-111 20
Box 70381,
SE-107 24, Stockholm, Sweden
(Address of principal executive offices, including zip code)
+46 8 587 20 600
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.07 Submission of Matters to a Vote of Security Holders.
Autoliv, Inc. (the Company) held its 2013 Annual General Meeting of Stockholders on May 7, 2013 (the 2013 AGM). At the 2013 AGM, a total of 91,912,587 shares were represented in person or by valid proxy and the Companys stockholders took the following actions:
Election of Directors
Each of the nominated directors was re-elected to the Board of Directors of the Company (the Board) for a regular three-year term until the Annual General Meeting in 2016; the votes cast were as follows:
Mr. Robert Alspaugh: 83,031,768 votes for, 7,005,728 votes withheld and 1,875,091 broker non-votes.
Mr. Bo I. Andersson: 82,806,680 votes for, 7,230,816 votes withheld and 1,875,091 broker non-votes.
Dr. Wolfgang Ziebart: 83,238,143 votes for, 6,799,353 votes withheld and 1,875,091 broker non-votes.
Advisory Vote on Executive Compensation
Stockholders approved, on a non-binding, advisory basis, a resolution approving the compensation paid to the Companys named executive officers for fiscal year 2012. The votes cast were as follows:
68,841,152 votes for, 14,450,177 votes against, 6,746,167 abstentions and 1,875,091 broker non-votes.
Ratification of Appointment of Independent Auditors
Stockholders of the Company also ratified the appointment of Ernst & Young AB as the Companys independent registered public accounting firm for fiscal 2013. Votes cast were as follows:
84,888,100 votes for, 254,600 votes against, 6,769,887 abstentions and 0 broker non-votes.
The proposals presented at the 2013 AGM are described in detail in the Companys Proxy Statement filed with the Securities and Exchange Commission on March 25, 2013.
Item 8.01 Other Events.
Third Quarter Dividend
On May 7, 2013, the Company issued a press release announcing that the Board of Directors declared a quarterly dividend of 50 cents per share for the third quarter of 2013. The dividend will be payable on Thursday, September 5, 2013 to Company stockholders of record on the close of business on Wednesday, August 21, 2013. The ex-date when the shares will trade without the right to the dividend will be Monday, August 19, 2013.
A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
99.1 | Press Release of Autoliv, Inc. dated May 7, 2013. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 7, 2013
AUTOLIV, INC. | ||||||
By: | /s/ Lars A. Sjöbring | |||||
Name: | Lars A. Sjöbring | |||||
Title: | Group Vice President Legal Affairs General Counsel and Secretary |
Exhibit 99.1
P R E S S R E L E A S E
Autoliv Declares Dividend and
Holds Annual General Meeting
(Stockholm, May 7, 2013) The Board of Directors of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb), today declared a quarterly dividend of 50 cents per share for the third quarter 2013.
The dividend will be payable on Thursday, September 5, 2013 to Autoliv shareholders of record on the close of business on Wednesday, August 21. The ex-date when the shares will trade without the right to the dividend will be Monday, August 19.
Stockholders Meeting
At the Companys Annual General Meeting (AGM) of Stockholders in Chicago, held today, May 7, sufficient votes in favor were received to approve the following proposals:
| The re-election of Mr. Robert W. Alspaugh, Mr. Bo I. Andersson and Dr. Wolfgang Ziebart as directors of the Board for a regular three-year term ending at the Annual General Meeting in 2016, with each of them receiving a majority of the votes cast on his election; |
| The non-binding resolution to approve the Companys 2012 executive compensation; and |
| The ratification of the appointment of Ernst & Young AB as Autolivs independent auditing firm for the fiscal year ending December 31, 2013. |
Inquiries:
Jan Carlson, President and CEO, Autoliv, Inc. | Tel +46-8-587 20 600 |
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities with 50,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2012 amounted to US $8.3 billion. The Companys shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.
Autoliv Inc. | Autoliv North America | |
Vasagatan 11, 7th Floor | 26545 American Drive | |
P. O. Box 703 81, SE-107 24 Stockholm, Sweden | Southfield, MI 48034, USA | |
Tel +46 (0)8 58 72 06 23, Fax +46 (0)8 24 44 93 | Tel +1 248 475 0427, Fax +1 801 625 6672 | |
e-mail: thomas.jonsson@autoliv.com | e-mail: ray.pekar@autoliv.com |
P R E S S R E L E A S E
Safe Harbor
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). All such statements are based upon our current expectations, various assumptions, and data available from third parties and apply only as of the date of this report. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as these assumptions are inherently subject to risks and uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, such as, without limitation, changes in and the successful execution of our restructuring and cost reduction initiatives discussed herein and the market reaction thereto, changes in general industry and market conditions, increased competition, higher raw material, fuel and energy costs, changes in consumer and customer preferences for end products, customer losses, customer bankruptcies, consolidations or restructuring, divestiture of customer brands, fluctuation in currencies or interest rates, fluctuation in vehicle production schedules for which the Company is a supplier, component shortages, market acceptance of our new products, costs or difficulties related to the integration of any new or acquired businesses and technologies, continued uncertainty in program awards and performance, the financial results of companies in which Autoliv has made technology investments or joint venture arrangements, pricing negotiations with customers, our ability to be awarded new business, increased costs, supply issues, product liability, warranty and recall claims and other litigation and customer reactions thereto, possible adverse results of pending or future litigation or infringement claims, negative impacts of governmental investigations and litigation relating to the conduct of our business, tax assessments by governmental authorities, dependence on key personnel, legislative or regulatory changes, political conditions, dependence on customers and suppliers, as well the risks identified in Item 1A Risk Factors in our Annual Report and Quarterly Report on Forms 10-K and 10-Q and any amendments thereto. Except for the Companys ongoing obligation to disclose information under the U.S. federal securities laws, the Company undertakes no obligation to update publicly or revise any forward-looking statements whether as a result of new information or future events. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the PSLR and we assume no obligation to update any such statements.
Autoliv Inc. | Autoliv North America | |
Vasagatan 11, 7th Floor | 26545 American Drive | |
P. O. Box 703 81, SE-107 24 Stockholm, Sweden | Southfield, MI 48034, USA | |
Tel +46 (0)8 58 72 06 23, Fax +46 (0)8 24 44 93 | Tel +1 248 475 0427, Fax +1 801 625 6672 | |
e-mail: thomas.jonsson@autoliv.com | e-mail: ray.pekar@autoliv.com |
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