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Voting Results Annual General Meeting 2010

At the time of voting on the agenda items 2 to 12 184,764,873 no-par value shares with a matching numbers of votes were present. This corresponds to 73.32 % of the capital stock.

Agenda Item 2: Resolution on the Utilization of Net Retained Profits

Yes votes:
184,739,474 votes
No votes:
19,272 votes
Abstentions: 6,127 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal on the utilization of net retained profits 2009, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority.

Agenda Item 3: Resolution on the Official Approval of the Actions of the Members of the Executive Board

Yes votes:
184,682,894 votes
No votes:
75,766 votes
Abstentions: 6,213 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

The exclusion of voting rights was observed.

It was stated that the management proposal on the official approval of the actions of the members of the Executive Board for fiscal year 2009, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority.

Agenda Item 4: Resolution on the Official Approval of the Actions of the Members of the Supervisory Board

Yes votes:
184,574,100 votes
No votes:
80,424 votes
Abstentions: 96,169 votes

The number of shares, for which valid votes were casted, amounts to 184,750,693, corresponding to 73.31% of the statutory stock capital.

The exclusion of voting rights was observed.

It was stated that the management proposal on the official approval of the actions of the members of the Supervisory Board for fiscal year 2009, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority.

Agenda Item 5: Election of the Auditors for Fiscal Year 2010

Yes votes:
184,623,202 votes
No votes:
138,867 votes
Abstentions: 2,804 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32% of the statutory stock capital.

It was stated that the proposal of the Supervisory Board to elect Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart, the auditors for Beiersdorf Aktiengesellschaft and the Beiersdorf Group for fiscal year 2010, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority.

Agenda Item 6: Resolution on the Authorization to Purchase and Utilize Own Shares

Yes votes:
157,809,971 votes
No votes:
26,856,687 votes
Abstentions: 98,215 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal under agenda item 6 on the authorization to purchase and utilize own shares, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority.

Agenda Item 7: Resolution on the Cancellation of the Existing Authorized Capital I in Accordance with § 5 (2) of the Articles of Association, and on the Creation of a New Authorized Capital I; Amendment to the Articles of Association

Yes votes:
182,964,310 votes
No votes:
1,795,813 votes
Abstentions: 4,750 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal under agenda item 7 on the cancellation of the existing Authorized Capital I in accordance with § 5 (2) of the Articles of Association, and on the creation of a new Authorized Capital I, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority.

Agenda Item 8: Resolution on the Cancellation of the Existing Authorized Capital II in Accordance with § 5 (3) of the Articles of Association, and on the Creation of a New Authorized Capital II; Amendment to the Articles of Association

Yes votes:
168,635,822 votes
No votes:
16,123,327 votes
Abstentions: 5,724 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal under agenda item 8 on the cancellation of the existing Authorized Capital II in accordance with § 5 (3) of the Articles of Association, and on the creation of a new Authorized Capital II, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority.

Agenda Item 9: Resolution on the Cancellation of the Existing Authorized Capital III in Accordance with § 5 (4) of the Articles of Association, and on the Creation of a New Authorized Capital III; Amendment to the Articles of Association

Yes votes:
164,976,163 votes
No votes:
19,784,305 votes
Abstentions: 4,405 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32% of the statutory stock capital.

It was stated that the management proposal under agenda item 9 on the cancellation of the existing Authorized Capital III in accordance with § 5 (4) of the Articles of Association, and on the creation of a new Authorized Capital III, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority. 

Agenda Item 10: Resolution on the Cancellation of the Existing Authorization to Issue Convertible Bonds and/or Bonds with Warrants and of the Existing Contingent Capital in Accordance with § 5 (5) of the Articles of Association, and on the Renewed Authorization to Issue Convertible Bonds and/or Bonds with Warrants and the Creation of a New Contingent Capital; Amendment to the Articles of Association

Yes votes:
167,653,488 votes
No votes:
17,099,106 votes
Abstentions: 12,279 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal under agenda item 10 on the cancellation of the existing authorization to issue convertible bonds and/or bonds with warrants and of the existing contingent capital in accordance with § 5 (5) of the Articles of Association, and on the renewed authorization to issue convertible bonds and/or bonds with warrants and the creation of a new contingent capital, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority.

Agenda Item 11: Resolution on Amendments to the Articles of Association to Comply with the Gesetz zur Umsetzung der Aktionärsrechterichtlinie (Act Implementing the Shareholder Rights Directive, ARUG)

Yes votes:
184,707,235 votes
No votes:
44,526 votes
Abstentions: 13,112 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal under agenda item 11 on amendments to the Articles of Association to comply with the Gesetz zur Umsetzung der Aktionärsrechterichtlinie (Act Implementing the Shareholder Rights Directive, ARUG), as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority of votes and necessary capital majority.

Agenda Item 12: Resolution on the Approval of the System for the Remuneration of the Executive Board Members

Yes votes:
183,041,570 votes
No votes:
1,614,343 votes
Abstentions: 108,960 votes

The number of shares, for which valid votes were casted, amounts to 184,764,873, corresponding to 73.32 % of the statutory stock capital.

It was stated that the management proposal on the approval of the system for the remuneration of the Executive Board members, as published in the elektronischer Bundesanzeiger (electronic Federal Gazette) on March 12, 2010, was accepted with the necessary majority.