Icelandair

Results of the Annual General Meeting

 

Icelandair Group's Annual General Meeting was held today at 4pm and the results were as follows:

Annual Accounts and dividends(Item 2)

The Board submitted the audited Consolidated Financial Statements of 2023 and Icelandair Group’s Financial Statements for the approval of the meeting. The Financial statements  were approved which included that no dividend would be paid for the financial year 2023.

The proposal was approved.

Remuneration to Board Members (Item 3)

The Board of Directors submitted the following proposal on remuneration to Board Members before the meeting:

“The Board of Directors proposes to the Annual General Meeting that remuneration to Board Members and Sub-Committee Members shall be unchanged from the last AGM: Each Board Member will receive ISK 380,000 per month, the Chairman will receive ISK 760,000 per month, the Deputy Chairman will receive 570,000 per month, Sub-Committee Members will receive ISK 120,000, the Chairman of the Audit Committee will receive ISK 275,000 per month and the Chairman of the Compensation Committee will receive 150,000 per month. The Board of Directors will decide on compensation for the members nominated by shareholders in the nomination committee. Compensation will be paid on hourly basis”

The proposal was approved.

Remuneration Policy (Item 4)
The board proposed that the Remuneration Policy which was published in advance of the AGM on the Company’s website, would be approved.

The proposal was approved.

Nomination Committee (item 6)
Alda Sigurðardóttir and Georg Lúðvíksson were elected to the Nomination Committee without a ballot at the meeting

Election of Board members (item 7)
The following five individuals were elected as board members without a ballot at the meeting. 

1. Guðmundur Hafsteinsson
2. John F. Thomas
3. Matthew Evans
4. Nina Jonsson
5. Svafa Grönfeldt

The Board of Directors held a meeting where Guðmundur Hafsteinsson was elected as the Chairman of the Board and Nina Jonsson as the Vice-Chairman of the Board. 

 Nomination of Audit Committee Member (item 8)
The Board of Directors proposed to the Meeting that Mr. Alexander Edvardsson would be nominated to the Company’s Audit Committee as an independent Committee member.

The proposal was approved.

Auditors (Item 9)
The Board of Directors proposed to the Annual General Meeting that KPMG hf. would be the Company’s auditors.