Annual General Meeting in Pergo.STOCKHOLM, Sweden -- The Annual General Meeting resolved to adopt the Parent Company Income Statement and Balance Sheet as well as the Consolidated Income Statement consolidated income statement An income statement that combines the income statements of two or more organizations. As with other consolidated statements, a consolidated income statement eliminates any funds owed to or due from firms within the same group. and Balance Sheet. The Meeting resolved that no dividends shall be distributed for the financial year 2005. The Meeting discharged the members of the Board and the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. from liability for the fiscal year 2005. The Meeting resolved that there shall be seven members of the Board. The current board members Bertil Villard, Roger Buehler, Theodor Dalenson, Jan Soderberg and Katarina Wendt Englund were re-elected. David Marcus
David Marcus is an Irish Jewish editor who has been a lifelong advocate and editor of Irish-language fiction. and Henry Guy were elected new members of the Board. David Marcus is the founder and part owner (Law) one of several owners or tenants in common. See See also: Part of M2 Capital Management, L.P. and member of the Board of Modern Holdings, Inc. (Chairman), Novestra AB, Shared Value, Modern Times Group MTB MTB Mountain Bike MTB Mycobacterium Tuberculosis MTB Marshall Tucker Band MTB Motor Torpedo Boat MTB Making The Band (TV show) MTB Minus The Bear (band) MTB Mozilla Thunderbird AB, Scribona AB and Carl Lamm AB. Henry Guy is President of Modern Holdings Inc. and member of the Board of Metro International
The Meeting re-elected Bertil Villard as Chairman of the Board. Kurth Augustson and Karl Stenstrom, who left the Board as of the Annual General Meeting, were acknowledged for their contributions by Bertil Villard, Chairman of the Board. The Meeting approved the compensation to the Board for 2006 totalling 2,150,000 kronor to be divided as follows: 650,000 kronor to the Chairman, 250,000 kronor to the other members of the Board not employed in the Company. The Meeting approved the proposal for the Nomination Committee. The Meeting approved the Board's proposals regarding changes to the Articles of Association required by the new Swedish Companies Act, which entered into force on January 1, 2006. The Meeting approved the Board's proposal regarding the principles for compensation and other terms of employment for the senior management for 2006. About Pergo Pergo (STO:PERG) is a leading flooring company with leading market positions in Europe and the USA. Pergo's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 2005 amounted to approximately SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3 billion and the number of employees is approximately 700. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company initiated sales in the US in 1994 and on a smaller scale in Asia in 1995 and Latin America in 1997. The company's products have been marketed under the PERGO(R) brand since 1989 and under the SimpleSolutions brand since 2005. The company is listed on the Stockholm Stock Exchange's O-list. For further information about Pergo, please visit www.pergo.com. This information was brought to you by Waymaker http://www.waymaker.net |
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