View Full Version : DaimlerChrysler Annual Meeting Approves Dividend for 2004
04-07-2005, 06:00 AM
Berlin, Apr 06, 2005 <br>Today, DaimlerChryslers (stock-exchange abbreviation DCX) Annual General Meeting voted Arnaud Lagardre onto the Supervisory Board as successor of Prof. Victor Halberstadt. Effective immediately, Lagardre, personally liable shareholder and CEO of Lagardre SCA, represents the shareholders on the Supervisory Board up to the Annual General Meeting in 2010.<br>The shareholders of DaimlerChrysler also approved a dividend of 1.50 (2003: 1.50) per share for the year 2004. The total dividend distribution amounts to 1,519 million, as in the previous year. The agenda topic Allocation of Unappropiated Profit was approved with 99.77 percent.<p>The Board of Management was ratified with 94.59 percent, the Supervisory Board with 94.38 percent. The Annual Meeting at the Messe Berlin was attended by approximately 8,500 (2004: 9,300) shareholders, representing a total presence of 37.84 percent of the share capital.<p>The dividend will be paid out on April 7, 2005 to investors owning DaimlerChrysler shares on April 6, 2005.<br>
04-07-2005, 07:14 AM
I was also invited to the shareholders meeting, but couldnt go. Considering the dividends didnt go up a lot, I shouldve gone and at least taken the free food and drinks with me. <p>I hope that DCX will do better in the next year. Thing is that they are actually not doing bad, it is just the Mercedes Car Group that has absorbed all the profit. Reasons for that are the quality problems, the Smart financial crisis and the recalls of millions of vehicles.
04-07-2005, 09:09 AM
I heard Schremp got a serious tounge lashing from the share-holders this year. Apparently more so than in years past.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>Santeno</b> »</i></TD></TR><TR><TD CLASS="quote">I heard Schremp got a serious tounge lashing from the share-holders this year. Apparently more so than in years past.</TD></TR></TABLE><p>Yeh, he's going to get dropped when his term is up.
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