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PressClub USA · Article.
RESULTS OF THE 86TH ANNUAL GENERAL MEETING OF BMW AG
Wed May 17 09:30:00 CEST 2006 Press Release
Munich. A total of 442,604,425 shares (73.52%) of the share capital carrying voting rights was represented at the 86th Annual General Meeting of BMW AG held on 16 May 2006 in Munich (total number of shares of common stock: 601,995,196).
Press Contact.
Martha McKinley
BMW Group
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Fax: 201-573-8416
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Author.
Martha McKinley
BMW Group
Munich. A total of 442,604,425 shares (73.52%) of the share capital carrying
voting rights was represented at the 86th Annual General Meeting of BMW AG held
on 16 May 2006 in Munich (total number of shares of common stock: 601,995,196).
The results of the voting on items 2 to 7 of the agenda were as follows:
Agenda item 2: Resolution on the utilisation of unappropriated profit of
BMW AG.
The proposal of the Board of Management and the Supervisory Board that the
unappropriated profit for the financial year 2005 amounting to euro
423,575,410.74 be utilised to pay a dividend of euro 0.64 for each share of
common stock and to pay a dividend of euro 0.66 for each share of preferred
stock was carried by
419,799,691 votes for (94.86%)
22,741,944 votes against
61,727 abstentions.
Agenda item 3: Ratification of the acts of the Board of Management.
The proposal of the Board of Management and the Supervisory Board that the acts
of the members of the Board of Management of BMW AG be ratified was carried by
442,388,467 votes for (99.96%)
178,192 votes against
37,098 abstentions.
Agenda item 4: Ratification of the acts of the Supervisory Board.
The proposal of the Board of Management and the Supervisory Board that the
acts of the members of the Supervisory Board of BMW AG be ratified was carried
by
256,245,827 votes for (99.93%)*
174,331 votes against
37,631 abstentions.
*) Shareholders represented by members of the Supervisory Board of BMW AG were
not entitled to vote on this resolution.
Agenda item 5: Appointment of independent auditors for the financial year 2006.
The proposal of the Supervisory Board that KPMG Deutsche Treuhand-Gesellschaft
Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Munich, be appointed as
independent auditors for the financial year 2006 was carried by
442,271,023 votes for (99.23%)
297,925 votes against
31,652 abstentions.
Agenda item 6: Election of the Supervisory Board.
The term of office of Volker Doppelfeld as member of the Supervisory Board came
to an end at the close of the Annual General Meeting on 16 May 2006.
The fol¬low¬ing new Member of the Supervisory Board was elected:
Heinz-Joachim Neubürger, former member of the Executive Board of Siemens AG.
Agenda item 7: Authorisation to acquire treasury stock.
The proposal of the Board of Management and the Supervisory Board to authorise
the company to acquire shares of common and/or non-voting preferred stock of
the company via the stock exchange, up to a maximum of 10 % of the share
capital in place at the date of the resolution, was carried by
440,616,754 votes for (99.56%)
1,925,372 votes against
59,789 abstentions.
Company
Bayerische
Motoren Werke
Aktiengesellschaft
Postal Address
BMW AG
80788 München
Telephone
(+49 89) 382-24118
Internet
www.bmwgroup.com
For questions please contact:
Corporate Communications
Mathias Schmidt, Business and Finance Communications
Telephone: (+49 89) 382-24118, Fax: (+49 89) 382-24418
Marc Hassinger, Business and Finance Communications
Telephone: (+49 89) 382-23362, Fax: (+49 89) 382-24418
Media Website: www.press.bmwgroup.com
e-mail: presse@bmwgroup.com