Annual General Meeting 2021

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

Please contact us through agm@marel.com 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

Slides

Board of Director's report

CEO's operational report

Final agenda

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

The meeting will be conducted in English.

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.
Election of the Board of Directors
Election of the Company’s auditors
Proposal to renew authorization to the Board of Directors to purchase treasury shares of the Company
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	Recording
Board of Directors' report	PDF			Recording
CEO's operational report	PDF			Recording
AGM slides	PDF
Minutes of the meeting	PDF
Results of the AGM			Article
Convocation	PDF	PDF
Final Agenda and Proposals	PDF	PDF
Practical information for shareholders	PDF	PDF
Director Candidate Profiles	PDF
Nomination Commitees recommendations 2021	PDF
Remuneration Report	PDF
Summary of ownership of shares and voting rights	PDF
Shareholder rights	PDF
Power of Attorney	PDF
Rules of the Board of Directors for electronic voting	PDF
Annual Financial Statements for 2020	PDF
Corporate Governance Statement for 2020	PDF
ESG Report	PDF
Voting items	PDF