Fish swimming in blue ocean

Annual General Meeting 2021

The Annual General Meeting of Marel hf. was held virtually on Wednesday 17 March 2021.

Please contact us through for questions relating to the meeting.


Board of director's report

“We all know 2020 has been a year like no other. The Board of Directors is rightly proud of the way the Marel team, all over the world, has handled these extraordinary circumstances, recognising our critical role in the food value chain. The progress made during the year is testament to Marel‘s clear purpose, our values and resilient business model.”

- Ásthildur Otharsdóttir, Chairman


CEO's operational report

“I would like to take this opportunity and thank team Marel, our customers, suppliers and partners, for all their commitment and dedication to ensure that one of the most important value chains in the world remains operational. I also want to extend my deepest thanks to Asthildur, our Chairman of the Board now stepping down, for her strategic direction and excellent cooperation for the past 11 years.”

- Arni Oddur Thordarson, CEO


Board of Director's report

CEO's operational report

Final agenda

  1. Opening remarks. Election of Chair and Secretary of the meeting
  2. Board of Directors’ report on activities of the Company for the previous operating year
  3. CEO’s operational report
  4. Submission of the annual accounts of the Company for the preceding year for confirmation
  5. Decision on how to address the profit from the Company’s operations for the year 2020
  6. Report on the execution of the Company’s remuneration policy
  7. Proposal on the Company’s remuneration policy
  8. Decision on remuneration to the members of the Board of Directors for the year 2021
  9. Decision on remuneration of the Company’s auditors for the preceding year of operation


The meeting will be conducted in English.

  1. Board of Directors’ proposal to amend wording of Article 15.2 of the Company’s Articles of Association

    The Article authorizes the Board of Directors to increase share capital up to the amount of 100,000,000 nominal value, i.a. to use in relation to acquisition of new businesses. The amendment entails a lower amount of 75,000,000 nominal value, which corresponds to 9.7% of total issued shares, and the option to sell the new shares through an offering managed by a financial institution is added. The validity period of the authorization is shortened from 5 years to 18 months. Proposed changes are in line with European market practice.

  2. Election of the Board of Directors
  3. Election of the Company’s auditors
  4. Proposal to renew authorization to the Board of Directors to purchase treasury shares of the Company
  5. Any other business lawfully presented and close of the meeting


Key dates

Ex. Dividend date 19 Mar 2021
Record date for dividends 22 Mar 2021
Payment date of the dividend 07 Apr 2021

Published documents

Marel's 38th AGM

PDF (English)

PDF (Icelandic)

Press release


Board of Directors' report

PDF Recording

CEO's operational report

PDF Recording


AGM slides



Minutes of the meeting


Results of the AGM




Final Agenda and Proposals


Practical information for shareholders


Director Candidate Profiles


Nomination Commitees recommendations 2021


Remuneration Report


Summary of ownership of shares and voting rights


Shareholder rights


Power of Attorney


Rules of the Board of Directors for
electronic voting


Annual Financial Statements for 2020

Corporate Governance Statement for 2020


ESG Report


Voting items