REG - Hyundai Motor Co - Result of Annual General Meeting

Hyundai Motor CoAnnouncement

24/03/2023 07:00

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RNS Number : 0881U  Hyundai Motor Company  24 March 2023

[English Translation]

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

 

Result of the 55(th) Annual General Meeting

 

1.  Approval of the Financial Statements of the 55(th) Fiscal Year - Approved

Financial Statements - Approved

 (Unit: M KRW)  Consolidated                           Separate
 Auditor's      Unqualified                            Unqualified

 Opinion
 Asset          255,742,462                                          83,412,349
 Liability      164,845,917                                          27,656,534
 Equity                       90,896,545                             55,755,815
 Revenue        142,527,535                                          65,308,350
 Operating                    9,819,769                2,828,569

 Income
 Net Income                   7,983,614                              3,701,958
 EPS            28,521                                               14,328

 

    Dividend - Approved

 (Unit : KRW)                              Common Stock     2 Preferred Stock
 Cash Dividend          Year-end Dividend  6,000            6,100
                        Interim Dividend   1,000            1,000
 Total Dividend Amount                1,830,356,000,000

 

 

2.  Partial Amendments to the Articles of Incorporation - Approved

 Agenda                                                          Article
 2-1) Amendment and addition to business purpose of the Company  Article 2. Business Purpose (Amended)
 2-2) Implementation of the Electronic Securities System         Article 13. Record Date (Amended)
 2-3) Improvement of Governance                                  Article 17. Quorum and Method of Resolution (Paragraph (4) - Deleted)
 2-4) Increasing the number of Directors                         Article 22. Number and Method of Election of Directors (Amended)
 2-5) Amendment to Severance allowance policy for Directors      Article 27. Remuneration for Directors (Amended)
 2-6) Implementation of improved Dividend Procedure              Article 37. Payment of Dividends (Amended)
 2-7) Addenda                                                    Addendum (2023.3.23) Article 1. Effective Date

                                                                 (Newly Established)

 

 

3.  Appointment of Directors

 

Agenda 3-1 : Appointment of Outside Directors (Approved)

 Name       Date of birth  Major Career                                  Newly Elected/  Term

                                                                         Re-Elected
 Seung-Hwa  June, 1963      Current                                      Newly Elected   3 Years

 Chang                     · Professor at Seoul National University

                            School of Law / Graduate School of Law

                           · Arbitrator of the International Court of

                            Arbitration (ICC)

                            Former 

                           · Chairman of Trade Commission, Ministry

                           of Trade, Industry and Energy
 Yoon-Hee   April, 1964     Current                                      Newly Elected   3 Years

 Choi                      · Professor at Konkuk University Graduate

                           School of Law

                            Former 

                           · Member of the National Election

                            Commission

                           · Judge of the National Labor Relations

                            Commission (NLRC)

 

Agenda 3-2 : Appointment of Internal Directors (Approved)

 Name        Date of birth  Major Career                                                                 Newly Elected/  Term

                                                                                                         Re-Elected
 Jose Munoz  June, 1965      Current                                                                     Newly Elected   3 Years

                            · Global COO(Chief Operating Officer),

                            HMC and President and CEO, Hyundai

                            and Genesis Motor North America

                             Former 

                            · Chief Performance Officer and Chairman China, Nissan

                            · Chief Performance Officer and Chairman North America, Nissan

                            · Executive Vice President (EVP), Chairman of Management Committee, North
                            America, Nissan
 Gang Hyun   January, 1968   Current                                                                      Re-Elected     3 Years

 Seo                        · EVP, Finance & Accounting Division of

                             HMC and Business Strategy Planning

                             Division of HMC

                             Former 

                            · Senior Vice President, Finance &

                             Accounting Division of Hyundai Steel

                            · Direct and Vice President, Accounting

                             Management Group of HMC

                            · Director, Business Management Group of

                            HMC

 

 

4.  Appointment of Audit Committee Member - Approved

 Name       Date of birth  Major Career                                  Newly Elected/  Term

                                                                         Re-Elected
 Seung-Hwa  June, 1963      Current                                      Newly Elected   3 Years

 Chang                     · Professor at Seoul National University

                            School of Law / Graduate School of Law

                           · Arbitrator of the International Court of

                            Arbitration (ICC)

                            Former 

                           · Chairman of Trade Commission, Ministry

                           of Trade, Industry and Energy

 

5.  Approval of Ceiling Amount of Compensation for Directors - Approved

 Year  Number of BOD  Ceiling Amount
 2023  13 persons     20.0 billion Korean Won

 

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