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Feintool General Meeting approves all motions
Globenewswire· 2025-04-29 16:00
Corporate Governance - The shareholders of Feintool International Holding AG accepted all motions of the Board of Directors at the Annual General Meeting held on April 29, 2025, with 95 shareholders attending and representing 67.81 percent of the share capital [1] - Norbert Indlekofer was elected as the new Chairman of the Board of Directors, while Matthias Holzammer joined the Board as a new member [1][3] - Martin Klöti was elected as the new Vice Chairman, and the Board expressed gratitude to Alexander von Witzleben for his contributions [3] Financial Performance - The shareholders approved the 2024 annual report, annual financial statements, and consolidated financial statements, with a motion to distribute no dividend due to the earnings situation in 2024 [2] Committees and Leadership - Matthias Holzammer was appointed Chairman of the Remuneration Committee, with Norbert Indlekofer and Martin Klöti also re-elected to the committee [4] - The new members of the Audit Committee include Martin Klöti as Chairman and Norbert Indlekofer [4] Company Overview - Feintool is an international technology and market leader in electrolamination stamping, fineblanking, and forming, manufacturing high-quality precision parts primarily for the automotive industry and other high-end industrial manufacturers [6] - The company has 18 production sites and employs 3,100 individuals, with a focus on renewable energy generation and storage [8]