Infineon Technologies : Annual General Meeting increases dividend to €0.25 per share - Dr. Wolfgang Eder newly elected to the Supervisory Board - Dr. Eckart Sünner to take over as Supervisory Board Chairman - Wolfgang Mayrhuber to resign and become Honorary Chairman
February 22, 2018 at 10:32 am EST
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Munich, Germany - 22 February 2018 - At the 18th Annual General Meeting, the shareholders of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) accepted the proposal for the appropriation of net profit made by the Management Board and Supervisory Board: they approved a dividend payment of €0.25 per share. Compared with the last fiscal year, this is an increase of around 14 percent. As a result, a total of almost €283 million will be paid out to the shareholders, who thus participate in the company's success.
Wolfgang Mayrhuber has resigned from the Supervisory Board effective as of the end of the Annual General Meeting. Dr. Wolfgang Eder, Chief Executive Officer of the Austrian voestalpine AG, was newly elected to the Supervisory Board. At its meeting immediately following the Annual General Meeting, the Supervisory Board unanimously appointed Dr. Eckart Sünner, who has been a member of the Supervisory Board since 2007, as its new chairman. 'I am delighted about the trust being placed in me with the appointment to this office. On behalf of the entire Supervisory Board, but also the Management Board, I thank Mr. Mayrhuber for seven successful years at the helm of the Supervisory Board. In view of his outstanding achievements for the company, the Supervisory Board has decided today to appoint Mr. Mayrhuber as Honorary Chairman,' said Dr. Sünner.
All the other proposals put forward by the boards were approved by the shareholders.
Around 2,300 participants attended the shareholders' meeting today at the International Congress Center Munich. In total, the capital presence was 68.05 percent of Infineon's share capital.
Detailed information on the 2018 Annual General Meeting of Infineon Technologies AG, including the voting results of the individual items on the agenda, can be found at www.infineon.com/agm.
Infineon Technologies AG published this content on 22 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 February 2018 15:31:09 UTC.
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Infineon Technologies AG is one of the world's leading manufacturers of semiconductors. The group's products include power semiconductors, sensors, microcontrollers, digital, mixed-signal and analog ICs, discrete semiconductor modules, switches, interface ICs, motor-controlling ICs, RF power transistors, voltage regulators, and electronic safety components. Net sales break down by area of activity as follows:
- automotive (50.5%): semiconductor products used in the automotive industry, and memory products for specific applications for automotive, industrial, information technologies, telecommunications and consumer electronics.
- power & sensor systems (23.3%): semiconductors for energy-efficient power supplies, mobile devices, mobile phone network infrastructures, human-machine interaction as well as applications with special demands on their robustness and reliability.
- industrial power control (13.5%): semiconductor products for the conversion of electrical energy for small, medium and high-power applications, used in the manufacturing, the low-loss transmission, the storage and the efficient use of electrical energy;
- connected secure systems (12.6%): semiconductors for networked devices, card-based applications, and government documents; microcontrollers for industrial, entertainment, and household applications, components for connectivity systems, various customer support systems;
- other (0.1%).
Net sales are distributed geographically as follows: Germany (12.4%), Europe/Middle East/Africa (14.4%), China/Hong Kong/Taiwan (32.3%), Japan (10.5%), Asia/Pacific (15.9%), the United States (12.1%) and Americas (2.4%).
Infineon Technologies : Annual General Meeting increases dividend to €0.25 per share - Dr. Wolfgang Eder newly elected to the Supervisory Board - Dr. Eckart Sünner to take over as Supervisory Board Chairman - Wolfgang Mayrhuber to resign and become Honorary Chairman