Regulatory News:
The Board of Directors of the worldwide leader in automotive
safety systems, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today
declared a quarterly dividend of 58 cents per share for the third
quarter of 2016.
The dividend will be payable on Thursday, September 1, 2016 to
Autoliv stockholders of record on the close of business on
Thursday, August 18. The ex-date will be Tuesday, August 16 for
holders of the common stock listed on the New York Stock Exchange
(NYSE) and Wednesday, August 17 for holders of Swedish Depository
Receipts (SDRs) listed on the NASDAQ OMX, Stockholm.
Annual Meeting of Stockholders
At the Company’s Annual General Meeting of Stockholders (AGM)
held today, May 10, in Chicago, Illinois, sufficient votes were
received to approve the following proposals:
· The re-election of Ms. Aicha Evans, Dr. Xiaozhi Liu and Dr.
Wolfgang Ziebart and Messrs. Robert A. Alspaugh, Leif Johansson,
David E. Kepler, Franz-Josef Kortüm, George A. Lorch and Kazuhiko
Sakamoto as directors of the Autoliv Board for a one-year term
ending at the 2017 AGM;
· Mr. Jan Carlson and Mr. James M. Ringler were not on the
ballot for re-election at this meeting and will continue to serve
their existing terms until the 2017 AGM, after which all directors
will be elected annually for one year terms.
· The non-binding, advisory resolution to approve the Company’s
2015 executive compensation for its named executive officers; and ·
The ratification of the appointment of Ernst & Young AB as the
Company’s independent auditing firm for the fiscal year ending
December 31, 2016.
Committees of the Board
Effective May 10, 2016, the Board also approved changes to the
membership of its committees, which are now composed as
follows:
Audit Committee : Robert W. Alspaugh (Chairman), Aicha Evans,
David E. Kepler and Wolfgang Ziebart
Compensation Committee : James M. Ringler (Chairman), Aicha
Evans, Leif Johansson, George A. Lorch and Xiaozhi Liu
Nominating and Corporate Governance Committee : George A. Lorch
(Chairman), Leif Johansson, Franz-Josef Kortüm, Xiaozhi Liu, and
James M. Ringler
Compliance Committee : Kazuhiko Sakamoto (Chairman), Robert W.
Alspaugh, David E. Kepler and Wolfgang Ziebart
Lead Independent Director
Because Mr. Carlson is both an officer of the Company and the
Chairman of the Board, pursuant to the Company’s Corporate
Governance Guidelines, at the same Board meeting, the independent
members of the Board again resolved that Mr. George A. Lorch
continue to serve as the Lead Independent Director of the
Board.
About Autoliv
Autoliv, Inc. is the worldwide leader in automotive safety
systems and through its subsidiaries develops and manufactures
automotive safety systems for all major automotive manufacturers in
the world. Together with its joint ventures, Autoliv has more than
80 facilities with around 66,000 employees in 27 countries. In
addition, the Company has 21 technical centers in nine countries
around the world, with 20 test tracks, more than any other
automotive safety supplier. Sales in 2015 amounted to about US $9.2
billion. The Company's shares are listed on the New York Stock
Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX
Nordic Exchange in Stockholm (ALIV sdb). For more information about
Autoliv, please visit our company website at www.autoliv.com.
“Safe Harbor Statement”
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements, including without limitation,
management’s examination of historical operating trends and data,
as well as estimates of future sales, operating margin, cash flow,
effective tax rate or other future operating performance or
financial results, are based upon our current expectations, various
assumptions and data available from third parties. Our expectations
and assumptions are expressed in good faith and we believe there is
a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to
be correct as forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements. In some
cases, you can identify these statements by forward-looking words
such as “estimates,” “expects,” “anticipates,” “projects,” “plans,”
“intends,” “believes,” “may,” “likely,” “might,” “would,” “should,”
“could,” or the negative of these terms and other comparable
terminology, although not all forward-looking statements contain
such words. Because these forward-looking statements involve risks
and uncertainties, the outcome could differ materially from those
set out in the forward-looking statements for a variety of reasons,
including without limitation, changes in light vehicle production;
fluctuation in vehicle production schedules for which the Company
is a supplier, changes in and the successful execution of our
capacity alignment, restructuring and cost reduction initiatives
discussed herein and the market reaction thereto; changes in
general industry and market conditions or regional growth decline;
loss of business from increased competition; higher raw material,
fuel and energy costs; changes in consumer and customer preferences
for end products; customer losses; changes in regulatory
conditions; customer bankruptcies, consolidations, restructurings
or divestiture of customer brands; unfavorable fluctuations in
currencies or interest rates among the various jurisdictions in
which we operate; component shortages; market acceptance of our new
products; costs or difficulties related to the integration of any
new or acquired businesses and technologies; continued
uncertainties in pricing negotiations with customers; successful
integration of acquisitions and operations of joint ventures; our
ability to be awarded new business; product liability, warranty and
recall claims and investigations and other litigation and customer
reactions thereto; higher expenses for our pension and other
postretirement benefits, including higher funding requirements for
our pension plans work stoppages or other labor issues; possible
adverse results of pending or future litigation; our ability to
protect our intellectual property rights or infringement claims;
negative impacts of antitrust investigations or other governmental
investigations and associated litigation relating to the conduct of
our business; tax assessments by governmental authorities and
changes in our effective tax rate; dependence on key personnel;
legislative or regulatory changes impacting or limiting our
business; political conditions; dependence on and relationships
with customers and suppliers; and other risks and uncertainties
identified under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Reports and Quarterly Reports on Forms
10-K and 10-Q and any amendments thereto. For any forward-looking
statements contained in this or any other document, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995,
and we assume no obligation to update publicly or revise any
forward-looking statements in light of new information or future
events, except as required by law.
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Autoliv, Inc.Inquiries:Thomas J�nsson, Vice President Corporate
Communications.Tel: +46 (8) 58 72 06 27
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