ASML Discloses Results of Annual Shareholder Meeting.Business Editors/High-Tech Writers VELDHOVEN, Netherlands--(BUSINESS WIRE)--March 19, 2004 ASML Holding ASML is a Dutch company and the world’s primary supplier of lithography systems for the semiconductor industry. Of all the major chip producers worldwide, more than 80% are ASML customers. NV (ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line ) today announced the results of its Annual General Meeting of Shareholders held on March 18, 2004. During the proceedings, the following were approved:
(i) ASML's financial statements as at and for the year ended
December 31, 2003;
(ii) a proposal to adopt the remuneration policy for the Board of
Management;
(iii) A) a proposal to approve the stock option and share
arrangements for the Board of Management over the financial
year 2004; and
B) a proposal to approve the employee stock option
arrangements over the financial year 2004;
(iv) a proposal to amend the Articles of Association of the
Company;
(v) a proposal to authorize the Board of Management through
September 18, 2005 to issue shares equivalent to up to 10
percent of ASML's paid-up capital plus an additional 10
percent of ASML's paid up capital to be used in connection
with mergers and acquisitions and to restrict or exclude
shareholders' pre-emption rights in connection with any such
issuance; and
(vi) a proposal to authorize the Board of Management through
September 18, 2005 to repurchase up to 10 percent of the
issued share capital of ASML at a price between the par value
of the shares acquired and 110 percent of the average market
price of these securities on Euronext Amsterdam or the NASDAQ
National Market.
The reserves and dividend policy of ASML was explained: ASML's current policy is to not distribute any dividends or reserves, but to invest these proceeds, if any, in research and development and technology. The General Meeting fully discharged the members of the Board of Management and the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. for the performance of their respective duties in the financial year 2003. In addition, ASML gave an explanation with respect to ASML's view on the recently published Dutch Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Code. The Supervisory Board increased its number of members from 6 to 7, due to the increased workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. ; re-appointed Mr. H. Bodt for an additional term and appointed Messrs. F. Frohlich and A.P.M. van der Poel. Mr. Frohlich replaces Mr. S. Bergsma, who retired by rotation and was not available for re-appointment. About ASML ASML is the world's leading provider of lithography lithography (lĭthŏg`rəfē), type of planographic or surface printing. It is distinguished from letterpress (relief) printing and from intaglio printing (in which the design is cut or etched into the plate). systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol ASML. For more information, visit the Web site at www.asml.com. |
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