Ericsson's Annual General Meeting 2013

Tue Apr 9, 2013 12:44pm EDT

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Telefonaktiebolaget LM Ericsson's Annual General Meeting ("AGM") was held on April 9, 2013 in
Stockholm.

Dividend
The proposed dividend of SEK 2.75 per share was approved by the AGM. The record day for dividend
was set to Friday, April 12, 2013. Payment from Euroclear Sweden AB is expected to take place on
Wednesday, April 17, 2013.

Adoption of the Profit and Loss Statements and the Balance Sheets
The AGM resolved to adopt the Profit and Loss Statement and the Balance Sheet for the Parent
Company as well as the Consolidated Profit and Loss Statement and the Consolidated Balance Sheet
for the Group for 2012. The members of the Board of Directors and the President were discharged
from liability for the fiscal year 2012.

Board of Directors
In accordance with the proposal of the Nomination Committee, Leif Johansson was reelected Chairman
of the Board of Directors. Roxanne S. Austin, Sir Peter L. Bonfield, Börje Ekholm, Alexander
Izosimov, Ulf J. Johansson, Sverker Martin-Löf, Hans Vestberg and Jacob Wallenberg were re-elected
to the Board and Nora Denzel, Kristin Skogen Lund and Pär Östberg were elected new members of the
Board of Directors.

Board of Directors' Fees
The AGM resolved, in accordance with the Nomination Committee's proposal, on a yearly fee to the
Chairman of the Board of SEK 3,850,000 (previously SEK 3,750,000), and fees to non-employed
members of the Board, elected by the AGM, of SEK 900,000 each (previously SEK 875,000 each). Fees
for Committee work to non-employed members of the Committees, elected by the AGM, were approved as
follows (unchanged); SEK 350,000 to the Chairman of the Audit Committee and SEK 250,000 to each of
the other members of the Audit Committee, SEK 200,000 to each of the Chairmen of the Finance and
Remuneration Committee and SEK 175,000 to each of the other members of the Finance and
Remuneration Committee.

The AGM approved the Nomination Committee's proposal to enable payment of part of the fees to the
members of the Board for the Board assignment, in the form of synthetic shares.

Auditor
The AGM elected PricewaterhouseCoopers AB auditor for the period up until the end of the AGM 2014.

Guidelines for Remuneration to Group Management
In accordance with the Board of Directors' proposal, the AGM resolved to approve the Guidelines
for remuneration to Group Management.

Long-Term Variable Remuneration Program (LTV)
In accordance with the Board of Directors' proposals, the AGM resolved as follows:

LTV 2013 and transfer of treasury stock

*Implementation of LTV 2013, with the same structure as previous programs. The program comprises
in total up to 32.2 million B shares and includes the Stock Purchase Plan for all employees, the
Key Contributor Retention Plan and the Executive Performance Stock Plan. All plans are based on
the employees' own investment in Ericsson shares. If the shares are retained for a period of three
years and the employment remains, the participants obtain matching shares from the company. The
following performance criteria were resolved for the Executive Performance Stock Plan 2013; net
sales compound annual growth rate between 2 and 8 percent (2012-2015), operating income compound
annual growth rate between 5 and 15 percent (2012- 2015), and cash conversion at or above 70
percent annually (2013, 2014 and 2015).
*Transfer of up to 26.6 million B shares during the period November 2013 up to and including
November 2017, free of consideration, to employees covered by the terms of the LTV 2013.
*Transfer of up to 5.6 million B shares on NASDAQ OMX Stockholm, prior to the AGM 2014, at a price
within the at each time prevailing price interval for the share, to cover certain expenses, mainly
social security charges.

The Company has approximately 3.3 billion shares in issue. As per today, the Company holds
approximately 82,193,250 million shares in treasury. The 32.2 million B shares allocated for LTV
2013 now correspond to approximately 1 percent of the total number of outstanding shares.

Transfer of treasury stock for previously resolved LTV programs

*Transfer of approximately 17.7 million B shares on NASDAQ OMX Stockholm prior to the AGM 2014 to
cover certain expenses, mainly social security charges, which may occur in relation to the
Long-Term Variable Remuneration Programs 2009, 2010, 2011 and 2012.

Proposal to amend the articles of association
The AGM resolved not to approve Carl Axel Bruno's proposal to add wording to the articles of
association that at least one fourth of the Board members shall be men and at least one fourth of
the Board members shall be women.

Proposal on voting rights
The AGM resolved not to approve Einar Hellbom's proposal to delegate to the Board of Directors to
review and present to the next AGM how the shares are to be given equal voting rights.

Resolution on delegations to the Board of Directors
The AGM resolved not to approve the proposals from Thorwald Arvidsson to delegate to the Board to
take action to create a shareholders' association in the company, to write to the Government of
Sweden, requesting a commission to investigate changed legislation regarding abolishment of voting
power differences, and to prepare a proposal regarding Board representation for small and midsize
shareholders.

NOTES TO EDITORS
Download high-resolution photos and broadcast-quality video at www.ericsson.com/press
http://www.ericsson.com/press 

Ericsson is a world-leading provider of communications technology and services. We are enabling
the Networked Society with efficient real-time solutions that allow us all to study, work and live
our lives more freely, in sustainable societies around the world.

Our offering comprises services, software and infrastructure within Information and Communications
Technology for telecom operators and other industries. Today 40 percent of the world's mobile
traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5
billion subscriptions. 

We are more than 110,000 people working with customers in more than 180 countries. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK
227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York
stock exchanges.

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FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications 
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com mailto:media.relations@ericsson.com 

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com mailto:investor.relations@ericsson.com

Ericsson's Annual General Meeting 2013 http://hugin.info/1061/R/1691597/555553.pdf 


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