SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
March 5,
2010
Commission File Number 1-12356
DAIMLER
AG
(Translation of registrants name into English)
MERCEDESSTRASSE 137, 70327
STUTTGART, GERMANY
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark whether
the registrant by furnishing the information contained in this Form is
also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes
o
No
x
If Yes is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-
DAIMLER AG
FORM 6-K: TABLE OF CONTENTS
1.
Invitation Annual
Meeting of Daimler AG on April 14, 2010
2.
Notes on Item 1 of the Agenda
pursuant to Section 124a, Sentence 1, No. 2 of the German Stock
Corporation Act (
Aktiengesetz
)
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements in this document:
This document contains forward-looking
statements that reflect our current views about future events. The words anticipate,
assume, believe, estimate, expect, intend, may, plan, project, should
and similar expressions are used to identify forward-looking statements.
These statements are subject to many risks and uncertainties, including
a lack of further improvement or a renewed deterioration of global economic
conditions, in particular a renewed decline of consumer demand and investment
activity in Western Europe or the United States, or a downturn in major Asian
economies; a continuation or worsening of the tense situation in the credit and
financial markets, which could result in a renewed increase in borrowing costs
or limit our funding flexibility; changes in currency exchange rates or
interest rates; the ability to continue to offer fuel-efficient and
environmentally friendly products; a permanent shift in consumer preference
towards smaller, lower margin vehicles; the introduction of competing, fuel-efficient
products and the possible lack of acceptance of our products or services, which
may limit our ability to adequately utilize our production capacities or raise
prices; price increases in fuel, raw materials and precious metals; disruption
of production due to shortages of materials, labor strikes, or supplier
insolvencies; a further decline in resale prices of used vehicles; the
effective implementation of cost-reduction and efficiency-optimization programs
at all of our segments, including the repositioning of our truck activities in
the NAFTA region and in Asia; the business outlook of companies in which we
hold an equity interest, most notably EADS;
changes in laws, regulations and government policies, particularly
those relating to vehicle emissions, fuel economy and safety, the resolution of
pending governmental investigations and the outcome of pending or threatened
future legal proceedings; and other risks and uncertainties, some of which we
describe under the heading Risk Report in Daimlers most recent Annual Report
and under the headings Risk Factors and Legal Proceedings in Daimlers most
recent Annual Report on Form 20-F filed with the Securities and Exchange
Commission. If any of these risks and uncertainties materialize, or if the
assumptions underlying any of our forward-looking statements prove incorrect,
then our actual results may be materially different from those we express or
imply by such statements. We do not intend or assume any obligation to update
these forward-looking statements. Any forward-looking statement speaks only as
of the date on which it is made.
Invitation
Annual
Meeting of Daimler AG
on April 14, 2010
Contents
1.
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Presentation
of the adopted Company financial statements, the approved consolidated
financial statements, the combined management report for Daimler AG and the
Group for the 2009 financial year, the report of the Supervisory Board and
the explanatory reports on the information required pursuant to
Section 289, Subsections 4 and 5 and Section 315, Subsection 4 of
the German Commercial Code (Handelsgesetzbuch, HGB)
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3
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2.
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Resolution
on ratification of Board of Management members actions in the 2009 financial
year
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3
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3.
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Resolution
on ratification of Supervisory Board members actions in the 2009 financial
year
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3
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4.
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Resolution
on the approval of the system of remuneration for the members of the Board of
Management
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3
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5.
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Resolution
on the appointment of auditors for the Company and for the Group for the 2010
financial year
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3
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6.
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Resolution
on authorization for the Company to acquire its own shares and on their
utilization, as well as on the exclusion of shareholders subscription rights
and rights to sell shares to the Company
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3
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7.
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Resolution
on authorization to use derivative financial instruments in the context of
acquiring own shares, as well as on the exclusion of shareholders
subscription rights and rights to sell shares to the Company
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6
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8.
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Resolution
on the election of a new member to the Supervisory Board
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7
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9.
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Resolution
on amendments to the Articles of Incorporation to adjust to the German Act on
the Implementation of the Shareholders Rights Directive (ARUG)
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7
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10.
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Resolution
on amendments to the Articles of Incorporation to adjust the provisions
relating to the Supervisory Board
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8
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11.
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Resolution
on authorization to issue convertible bonds and/or bonds with warrants,
creation of Conditional Capital 2010 and amendment to the Articles of
Incorporation
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8
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Report of the Board of Management regarding Items 6
and 7 of the Agenda
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12
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Report of the Board of Management regarding Item 11
of the Agenda
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14
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Total number of shares and voting rights
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17
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Conditions for attending the Annual Meeting of the
Shareholders and for exercising voting rights
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17
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Details of the e-service for shareholders
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18
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Procedure for proxy voting
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18
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Note for shareholders entered in the US share
register
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19
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Questions, motions, election proposals, requests
for information
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20
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Information and documentation for the Annual
Meeting
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21
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Internet | Information | Addresses
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22
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Financial Calendar 2010
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23
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2
We
herewith invite our shareholders to attend the Annual Meeting of the
Shareholders of Daimler AG on Wednesday, April 14, 2010, at 10:00 a.m.
CEST, at the Berlin Trade Fair Center (Messe Berlin), Special Entrance, corner
of Masurenallee and Messedamm, 14055 Berlin, Germany.The invitation and the
agenda were published in the electronic version of the German Federal Gazette
(elektronischer Bundesanzeiger) on March 3, 2010.
Agenda*
1. Presentation of the adopted Company financial
statements, the approved consolidated financial statements, the combined
management report for Daimler AG and the Group for the 2009 financial year, the
report of the Supervisory Board and the explanatory reports on the information
required pursuant to Section 289, Subsections 4 and 5 and Section 315,
Subsection 4 of the German Commercial Code (Handelsgesetzbuch, HGB)
The aforementioned documents are available on
the Internet at www.daimler.com/ir/am2010.
2. Resolution on
ratification of Board of Management members actions in the 2009 financial year
The Board of Management and the Supervisory
Board recommend that the actions of the Board of Management members who were in
office in financial year 2009 be ratified for that period.
3. Resolution on
ratification of Supervisory Board members actions in the 2009 financial year
The Board of Management and the Supervisory
Board recommend that the actions of the Supervisory Board members who were in
office in financial year 2009 be ratified for that period.
4. Resolution on the
approval of the system of remuneration for the members of the Board of
Management
The German Act on the Appropriateness of
Management Board Remuneration, which came into effect on August 5, 2009,
provides the possibility for the Shareholders Meeting to vote on a resolution
approving the current system of remuneration for the members of the Board of
Management. This possibility is to be utilized. The system of remuneration for
the members of the Companys Board of Management is described in detail in the
Remuneration Report, which is published in Annual Report 2009 and is available
on the Internet at http://www.daimler.com/ir/am2010.
The Board of Management and the Supervisory
Board recommend that the existing system of remuneration for the members of the
Board of Management of Daimler AG be approved.
5. Resolution on the
appointment of auditors for the Company and for the Group for the 2010
financial year
Based on the recommendations of the Audit
Committee, the Supervisory Board recommends that KPMG AG
Wirtschaftsprüfungsgesellschaft, Berlin, be appointed as auditors to audit the
year-end financial statements for the Company and the Group and to review the
interim financial statements for the 2010 financial year.
6. Resolution on
authorization for the Company to acquire its own shares and on their
utilization, as well as on the exclusion of shareholders subscription rights
and rights to sell shares to the Company
As the authorization issued by the last Annual
Meeting of the Shareholders allowing the Company to acquire its own shares
(treasury shares) will expire in the course of this financial year, to the
extent that that authorization has not yet been utilized, it is to be
terminated and the Company is to be granted new authorization to acquire the
Companys own shares.
* Convenience translation. The German text is
legally binding.
3
The Board of Management and the Supervisory
Board submit the following resolution for adoption:
a) General conditions
The Board of Management is authorized, with
the consent of the Supervisory Board, to acquire shares in a volume of up to
ten percent of the share capital existing at the time of the resolution by the
Annual Meeting of the Shareholders.
The authorization may be exercised wholly or
in installments, once or several times, for one or several purposes within the
framework of the aforementioned restrictions. The acquired shares together with
other treasury shares owned by the Company or to be allocated to the Company
pursuant to Sections 71a et seq. of the German Stock Corporation Act
(Aktiengesetz) may at no time account for more than ten percent of the share
capital.
The authorization is effective as of the
resolution by the Annual Meeting of the Shareholders and remains in force until
April 13, 2015. The authorization to acquire treasury shares decided upon
by the Annual Meeting of April 8, 2009 ends when this new authorization
comes into force.
b) Purpose of acquisition
The Board of Management is to be authorized,
with the consent of the Supervisory Board, to acquire shares in the Company for
all legally permissible purposes and in particular
aa) to be able to offer them to third parties
in the context of business combinations with other companies or in the context
of acquiring companies or equity interests in companies, or
bb) to sell them in another way than through
the stock exchange or through an offer made to all shareholders if the shares
are sold for cash at a price that is not significantly lower than the
stock-exchange price of similar shares of the Company at the time of sale, or
cc) to offer them for subscription to members
of the Board of Management of the Company, members of the management of
subsidiaries pursuant to Sections 15 et seq. of the German Stock Corporation
Act (Aktiengesetz) and other management staff of the Company and its
subsidiaries (hereinafter collectively referred to as: Management) in the
context of the Stock Option Plan approved at the Annual Meeting of the
Shareholders on April 19, 2000 under Agenda Item 8, or
dd) to offer them directly or indirectly to
employees of the Company and its subsidiaries pursuant to Sections 15 et seq.
of the German Stock Corporation Act (Aktiengesetz) or to third parties which
assign to those employees the economic ownership and/or the economic benefit of
the shares or, if they are acquired for one of these purposes by way or
securities lending or borrowing, to use them to fulfill the obligations arising
from this securities lending or borrowing, or
ee) to use them to fulfill the obligations
arising from convertible bonds and/or bonds with warrants issued in the past or
the future by the Company or one of its subsidiaries pursuant to Sections 15 et
seq. of the German Stock Corporation Act (Aktiengesetz), or
ff) to cancel them, either with or without a
reduction in the share capital, without needing an additional resolution of a
Shareholders Meeting.
c) Acquisition conditions
Acquisition is to take place through the stock
exchange or through a public offering made to all shareholders of the Company.
·
If the acquisition of the shares takes place
through the stock exchange, the amount paid by the Company per share (excluding
transaction costs) may not exceed the price determined at the opening of Xetra
trading (or at the opening of a functionally equivalent successor to the Xetra
system) on the Frankfurt Stock Exchange by more than five percent and may not
be more than five percent lower than that price.
·
If the acquisition takes place through a
public offering made to all shareholders of the Company, the offered purchase
price or the prescribed limits of the offered purchase price range per share
(excluding transaction costs) may not exceed the average price determined at
the close of Xetra trading (or the close of a functionally equivalent successor
to the Xetra system) on the Frankfurt Stock Exchange on the last three days of
trading before the day of publication of the offering by more than ten percent
and may not be more than ten percent lower than that price. If, after the
publication of a purchase offer, there are significant market price movements,
the offer may be adjusted. In this case, the average share price on the three
days of trading preceding the publication of any such adjustment is to be
applied. The purchase offer can include additional conditions. The volume of
the offer may be limited. If the entire
4
subscription
of the offer exceeds this volume, shareholders rights to sell shares to the
Company can be restricted in that offers to sell are accepted for a number of
shares in proportion to the number offered. The preferential acceptance of a
lower number of up to 100 of the Companys shares offered for purchase per
shareholder of the Company can be stipulated.
d) Use of the shares
The
Company is authorized to use Companys own shares that have been or will be
acquired as a result of this or earlier authorization, in addition to selling
them through the stock exchange or offering them to all shareholders, also for
all other legally permissible purposes, in particular the following purposes:
aa)
Acquisition of companies
The
Company is authorized to offer Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization to third
parties in the context of a business combination or of acquiring companies or
equity interests in companies.
bb)
Sale to third parties
The
Company is authorized to sell Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization in another
way than through the stock exchange or through an offer made to all
shareholders if the shares are sold for cash at a price that is not
significantly lower than the stock-exchange price of shares of the same type of
the Company at the time of sale.
cc)
Stock option plan
The
Company is authorized to use Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization to fulfill
the subscription rights granted to Management in the context of the Stock
Option Plan approved under Agenda Item 8 by the Annual Meeting of the
Shareholders on April 19, 2000. The Supervisory Board of the Company makes
the decision on whether or not treasury shares are to be transferred to members
of the Board of Management. The key points of the stock option plan were
approved by the Annual Meeting on April 19, 2000. They can be seen in the
Commercial Register of the Stuttgart District Court as an integral part of the
notarized minutes of that Annual Meeting of April 19, 2000. The key points
of the stock option plan are also available on the Internet at
http://www.daimler.com/ir/am2010.
dd)
Shares for employees (including so-called employee shares)
The
Company is authorized to issue Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization directly or
indirectly to employees of the Company and its subsidiaries pursuant to
Sections 15 et seq. of the German Stock Corporation Act (Aktiengesetz) or to
third parties which assign to those employees the economic ownership and/or the
economic benefit of the shares, or to use them to fulfill obligations arising
from securities lending or borrowing performed for the purpose of acquiring
these shares.
ee)
Convertible bonds/bonds with warrants
The
Company is authorized to use Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization to fulfill
obligations arising from convertible bonds and/or bonds with warrants that have
been or will be issued by the Company or its subsidiaries pursuant to Sections
15 et seq. of the German Stock Corporation Act (Aktiengesetz).
ff)
Cancellation
The
Company is authorized to cancel Companys own shares that have been or will be
acquired as a result of the aforementioned or earlier authorization without the
cancellation or execution thereof requiring an additional resolution by a
Shareholders Meeting. The Board of Management can resolve that the share
capital is reduced by the cancellation or that it remains the same despite a
cancellation of shares so that the other shares proportion of the share
capital as defined by Section 8, Subsection 3 of the German Stock
Corporation Act (Aktiengesetz) increases accordingly. In this case, the Board
of Management is authorized to amend the stated number of shares in the
Articles of Incorporation.
e) Use of the shares
issue conditions
The
authorizations described under d) above may be exercised once or several times,
individually or together, completely or relating to partial volumes of the
acquired treasury shares. The price at which shares in the Company are issued
to third parties pursuant to the authorizations under d) aa) and bb) may not be
more than five percent lower (excluding transaction costs) than the opening
price in Xetra trading (or the functionally equivalent successor to the Xetra
system) on the Frankfurt Stock Exchange on the date of the binding agreement
with the third party.
5
f) Exclusion of
subscription rights
Shareholders
rights to subscribe to the Companys treasury shares are excluded if these
shares are used as specified in the aforementioned authorizations under d) aa),
bb), cc), dd) and ee).
7. Resolution on
authorization to use derivative financial instruments in the context of acquiring
own shares, as well as on the exclusion of shareholders subscription rights
and rights to sell shares to the Company
In
addition to the authorization to acquire the Companys own shares described
under Item 6 of the Agenda, the Company is to be authorized to acquire its own
shares also with the use of put options or call options or a combination of the
two (hereinafter referred to as derivatives).
The
Board of Management and the Supervisory Board submit the following resolution
for adoption:
a) General conditions
Further
to the authorization to acquire the Companys own shares to be decided upon
under Item 6 of the Agenda, in accordance with Section 71, Subsection 1, No. 8
of the German Stock Corporation Act (Aktiengesetz), the acquisition of treasury
shares may be effected, as well as by the ways described there, also with the
use of derivative financial instruments. The Company is authorized to sell
options that oblige the Company to acquire shares in the Company upon exercise
of the option (put options); to acquire options that give the Company the
right to acquire shares in the Company upon exercise of the option (call
options); and to acquire shares in the Company with the use of a combination
of put options and call options.
The
use of derivatives in the context of acquiring treasury shares requires the
approval of the Supervisory Board. This can be granted generally, or relating
to a certain period, or for a certain volume.
All
share acquisitions with the use of derivates are restricted to shares in a
maximum volume of five percent of the share capital at the time when the
resolution is made by the Annual Meeting of the Shareholders.
The
term of all options must end at the latest on April 13, 2015. The period
of the individual options may not exceed 18 months.
b) Acquisition conditions
The option conditions must ensure that the
options are honored only with shares that were acquired under observance of the
principle of equal treatment.
The price paid for options by the Company may
not be substantially above the theoretical market value of the respective
options and the price received for the options by the Company may not be
substantially below that price, calculated using recognized financial
mathematical methods, whereby, amongst other things, the agreed exercise price
is to be taken into consideration.
The price to be paid for shares upon exercise
of the options may not exceed the average price determined at the close of
Xetra trading (or at the close of a functionally equivalent successor to the
Xetra system) on the Frankfurt Stock Exchange on the last three days of trading
before the conclusion of the respective option transaction by more than ten
percent and may not be more than ten percent lower than that price (in each
case excluding transaction costs, but taking into consideration the option
premium received or paid).
c) Use of the shares
The regulations stated under Item 6 of the
Agenda also apply to the utilization of treasury shares acquired with the use
of derivatives.
d) Exclusion of shareholders subscription
rights and rights to sell shares to the Company
If treasury shares are acquired with the use
of derivatives and under observance of the aforementioned regulations, the
shareholders right to conclude such option transactions with the Company is
excluded in accordance with Section 186, Subsection 3, Sentence 4 of the
German Stock Corporation Act (Aktiengesetz). The shareholders also do not have
the right to conclude option transactions when the intended acquisition of
treasury shares with the use of derivatives provides for a preferred offer to
conclude option transactions related to small numbers of shares. Shareholders
have the right to sell shares to the Company only to the extent that the
Company is obliged to purchase their shares in the context of the option
transactions. Any further-going rights to sell shares are excluded.
6
8. Resolution on the
election of a new member to the Supervisory Board
At the close of the Annual Meeting of the
Shareholders on April 14, 2010, the period of office of Mr. Arnaud
Lagardère ends as a member of the Supervisory Board representing the shareholders.
Pursuant to Section 96, Subsection 1 and Section 101,
Subsection 1 of the German Stock Corporation Act (Aktiengesetz) and Section 7,
Subsection 1, Sentence 1, No. 3 of the German Codetermination Act
(Mitbestimmungsgesetz), the Supervisory Board is composed of ten members
representing the shareholders and ten members representing the employees.
When electing the members of the Supervisory
Board representing the shareholders, the Shareholders Meeting is not bound by
election proposals.
The following election proposal is based on
the recommendation of the Nomination Committee of the Supervisory Board of the
Company. That recommendation has been made in line with the requirements of
German Corporate Governance Code.
The Supervisory Board proposes the election of
Dr. Paul Achleitner,
Member of the Board of Management
of Allianz SE, München
as a member of the Supervisory Board
representing the shareholders effective as of the end of this Annual Meeting
for the period until the end of the Annual Meeting of the Shareholders that
passes a resolution on the ratification of the actions of the Boards for the
2014 financial year.
Dr. Paul Achleitner is a member of the
following supervisory boards required by law or comparable domestic or foreign
supervisory bodies:
Bayer AG
RWE AG
Allianz Global Investors AG
Allianz Deutschland AG
Allianz Investment Management SE
(Chairman of the Board of Directors)
9. Resolution on
amendments to the Articles of Incorporation to adjust to the German Act on the
Implementation of the Shareholders Rights Directive (ARUG)
The German Act on the Implementation of the
Shareholders Rights Directive (ARUG) came into effect on September 1,
2009. It includes new provisions with regard to attending shareholders
meeting, voting (including facilitation by postal vote) and the form of
proxies. Article 16 (Requirements for Attending and Exercise of Voting
Rights) in Part V of the Articles of Incorporation (Shareholders
Meetings) is to be adjusted to the new legal situation.
The Board of Management and the Supervisory
Board submit the following resolution for adoption:
a) Article 16, Paragraph 2 of the Articles
of Incorporation is reworded as follows:
(2) Voting rights can be exercised by
proxies. Authorization of proxies, revocation of proxy authorization, and proof
of proxy authorization vis-à-vis the Company must be furnished in writing or
via electronic media (Textform). Facilitation of this procedure can be
announced when a Shareholders Meeting is called. Section 135 of the
German Stock Corporation Act (Aktiengesetz) remains unaffected. If a
shareholder authorizes more than one proxy, the Company can reject one or
several of them.
b) Article 16, Paragraph 3 of the Articles
of Incorporation is reworded as follows:
(3) The Company may appoint proxies to
exercise shareholders voting rights in accordance with their instructions. Article 16,
Paragraph 2, Sentences 2 and 3 of the Articles of Incorporation apply to proxy
authorization, revocation of proxy authorization and proof of proxy
authorization, as well as to voting instructions and amendments to or
revocation of voting instructions. Further details on the form and deadlines
for authorization, revocation and proof of proxies and on voting instructions
and amendments to or revocation of voting instructions are to be announced when
a Shareholders Meeting is called.
c) Article 16 of the Articles of
Incorporation is supplemented with the following Paragraph 4:
(4) The Board of Management can arrange
for shareholders to cast their votes without attending the Shareholders
Meeting, in writing or by way of electronic communication (postal vote). The
Board of Management also determines the details of such procedure and announces
them when it calls the Shareholders Meeting.
7
10. Resolution on
amendments to the Articles of Incorporation to adjust the provisions relating
to the Supervisory Board
Part IV of the Articles of Incorporation
(The Supervisory Board) contains various regulations, mainly repeating
applicable law of the German Stock Corporation Act. This includes Article 7
(Tasks and Powers of the Supervisory Board), Paragraph 1, Sentence 2 and
Paragraph 2; Article 8 (Composition, Term of Office, Resignation), Paragraph
1, Sentences 2 to 4; Article 9 (Chairman and Deputy Chairman of the
Supervisory Board); Article 10 (Committees of the Supervisory Board) and Article 12
(Duty of Confidentiality of Members of the Supervisory Board).
Article 8, Paragraph 2 of the Articles of
Incorporation in Part IV (The Supervisory Board) made the personal
requirements of the law and the German Corporate Governance Code in terms of
the independence of and demands placed upon the members of the Supervisory
Board stricter and more explicit. Due to the amendments to the German Corporate
Governance Code of June 18, 2009, the previous recommendation regarding
the number of positions held on the supervisory boards of listed companies
outside the group that a member of a board of management of a listed company
may hold has been reduced from five to three. The provision contained hitherto
in Article 8, Paragraph 2 of the Companys Articles of Incorporation now
lags behind the recommendation of the German Corporate Governance Code in this
respect; Article 8, Paragraph 2 of the Articles of Incorporation is to be
deleted without replacement.
The Board of Management and the Supervisory
Board submit the following resolution for adoption:
a) In Part IV
of the Articles of Incorporation (The Supervisory Board), Article 7 (Tasks
and Powers of the Supervisory Board), Paragraph 1, Sentence 2 and Paragraph 2
are deleted; Paragraph 3 now becomes Paragraph 2. Article 7 of the
Articles of Incorporation is now worded as follows:
Article 7 Tasks and Powers of the
Supervisory Board
(1) The Supervisory Board has all the tasks
and rights that are assigned to it by applicable law, the Articles of
Incorporation or in any other way, in particular by a rule of procedure.
(2) The Supervisory Board is authorized to
decide on amendments to the Articles of Incorporation that only affect the
wording.
b) In Part IV of the Articles of
Incorporation (The Supervisory Board), the phrase Term of Office is deleted
from the heading of Article 8 (Composition, Term of Office, Resignation);
moreover, Article 8, Paragraph 1, Sentences 2 to 4 and Paragraph 2 are
deleted; Paragraph 3 becomes Paragraph 2. Article 8 of the Articles of
Incorporation is now worded as follows:
Article 8 Composition, Resignation
(1) The Supervisory Board is composed in
accordance with applicable law.
(2) Each member of the Supervisory Board may
resign from the Supervisory Board, also without an important reason, by
submitting four weeks notice in writing to the Supervisory Board Chairman and
to the Board of Management. An amicable reduction of the period of notice is
permissible.
c) In Part IV of the Articles of
Incorporation (The Supervisory Board), Article 9 (Chairman and Deputy
Chairman of the Supervisory Board), Article 10 (Committees of the Supervisory
Board) and Article 12 (Duty of Confidentiality of Members of the
Supervisory Board) are deleted.
d) In Part IV of the Articles of
Incorporation (The Supervisory Board), due to the deletion of the provisions of
the Articles of Incorporation stated under c) above, Article 11 becomes Article 9;
Article 13 becomes Article 10. Moreover, in Part V (Shareholders
Meetings), Part VI (Financial Statements and Allocation of Unappropriated
Profits), Part VII (Announcements) and Part VIII (Expenses of Formation)
of the Articles of Incorporation, Articles 14 to 25 become Articles 11 to 22.
11. Resolution on
authorization to issue convertible bonds and/or bonds with warrants, creation
of Conditional Capital 2010 and amendment to the Articles of Incorporation
The authorization granted by the Annual
Meeting of the Shareholders on April 6, 2005 to issue convertible bonds
and/or bonds with warrants is limited until April 5, 2010. It ends on that
date and is to be replaced with a new authorization.
The Conditional Capital I described in Article 3,
Paragraph 3 of the Articles of Incorporation, which serves to fulfill
conversion and warrant rights arising from the aforementioned authorization, is
to be cancelled. In order to secure maximum possible flexibility for corporate
financing and access to borrowed capital at favorable interest rates in view
8
of ongoing uncertainty about future economic
developments, Conditional Capital I is to be replaced with Conditional Capital
2010.
The Board of Management and the Supervisory
Board submit the following resolution for adoption:
a) Cancellation of the existing Conditional
Capital I and deletion of Article 3, Paragraph 3 of the Articles of
Incorporation
The Conditional Capital I approved under Item
9 of the Agenda of the Annual Meeting of the Shareholders on April 6, 2005
in an amount of up to 300,000,000 for the fulfillment of conversion rights
and/or warrant rights arising from convertible bonds and/or bonds with warrants
issued on the basis of the authorization limited until April 5, 2010
granted by the same Annual Meeting is cancelled and the related Article 3,
Paragraph 3 of the Articles of Incorporation is deleted.
b) Renewed authorization to issue convertible bonds
and/or bonds with warrants, creation of a new Conditional Capital 2010 and
amendment to the Articles of Incorporation
aa) Authorization to issue convertible bonds
and/or bonds with warrants
(1) Face value, period of authorization,
maturity, share capital amount
The Board of Management, with the consent of the
Supervisory Board, is authorized until April 13, 2015 to issue bearer
and/or registered convertible bonds and/or bonds with warrants or a combination
of these instruments (hereinafter jointly referred to as bonds) with a total
face value of up to 10,000,000,000 with a maturity of no more than ten years,
and to grant the holders of these bonds conversion rights or warrant rights for
new registered no-par-value shares in Daimler AG with an allocable portion of
the share capital of up to 500,000,000 in accordance with the details defined
in the terms and conditions of the convertible bonds or bonds with warrants
(hereinafter referred to as the conditions).
In addition to euros, the bonds can also be
issued in the legal currency of an OECD country, limited to the corresponding
value of the permissible face value in euros. They can also be issued by
majority-owned direct or indirect subsidiaries of Daimler AG; in this case, the
Board of Management is authorized, with the consent of the Supervisory Board,
to assume the guarantee for repayment of the bonds for the issuing company and
to grant shares in Daimler AG to the holders of such bonds to meet the
conversion or warrant rights granted with these bonds, and to provide other
statements and take other actions required for the successful issue of the
bonds. The bonds can be issued once or several times, wholly or in
installments, or simultaneously in various tranches. All partial bonds issued
within a tranche have equal rights and obligations.
(2) Conversion rights, conversion obligations
The holders of convertible bonds have the
right to convert their convertible bonds into new shares in Daimler AG in
accordance with the convertible bond conditions. The bond conditions can also
stipulate obligatory conversion upon maturity or at an earlier date. In this
case, the conditions can include a provision that the Company is entitled to
make up any difference, wholly or partially in cash, between the face value of
the bonds and a stockmarket price of the shares at the time of the conversion
obligation, to be determined more precisely in the conditions, but at least 80
percent of the stock-market price of the shares at the time of issue of the
bonds as described under paragraph (5) below multiplied by the
conversion ratio.
(3) Warrant rights
In the case of the issue of bonds with
warrants, each bond has one or more warrants entitling the holder to subscribe
to new shares in Daimler AG in accordance with the warrant conditions to be
stipulated by the Board of Management, with the consent of the Supervisory
Board. The period of the warrant rights may not exceed ten years.
(4) Conversion ratio, share of share capital
The conversion ratio for convertible bonds is
obtained by dividing the face value of the bonds by the established conversion
price for new shares in Daimler AG. The conversion ratio can also be obtained
by dividing the issue price of a bond that is below the face value by the
conversion price determined for new shares in Daimler AG. The bond conditions
can also include the provision that the conversion ratio is variable and can be
rounded up or down to a whole number; moreover, an additional cash payment can
also be stipulated. Provision can also be made for fractions to be combined
and/or compensated in cash. The share capital attributable to the shares to be
issued upon conversion or to be received in the event of exercising of warrants
for each bond may in no case exceed the face value or issue price of the
convertible bonds or bonds with warrants.
9
(5) Conversion price/Warrant price
The conversion price or warrant price to be
stipulated for a share in each case must even in the event of a variable
conversion ratio or a variable conversion price or warrant price and taking
into account rounding up or down and additional payments amount to at least
80 percent of the average price of Daimler shares at the close of Xetra trading
(or at the closing of a functionally equivalent successor to the Xetra system)
on the Frankfurt Stock Exchange on the ten trading days prior to the day of the
Board of Management resolution on the issue of the convertible bonds or bonds
with warrants, or alternatively, in the case that the shareholders are granted
subscription rights for the bonds, at least 80 percent of the average price of
Daimler shares at the close of Xetra trading (or at the close of a functionally
equivalent successor to the Xetra system) during the trading days on which the
subscription rights are traded on the Frankfurt Stock Exchange, with the
exception of the last two trading days of subscription rights trading. In this
case, the conversion or warrant price for a share is published at the latest
three calendar days before the subscription deadline. The bond conditions can
also include the provision that the warrant price or conversion price can be
changed during the term within a range to be stipulated by the Board of
Management, with the consent of the Supervisory Board, depending on the
development of the share price or as a result of anti-dilution provisions.
Notwithstanding Section 9, Subsection 1
of the German Stock Corporation Act (Aktiengesetz), the conversion price or
warrant price is reduced as a result of an anti-dilution clause in accordance
with the conditions of the convertible bonds or of the bonds with warrants by
payment of a corresponding amount in cash upon exercise of the conversion right
or by reducing the additional payment if, during the conversion or warrant
period, Daimler AG increases its share capital with subscription rights for its
shareholders, or if Daimler AG or its majority owned direct or indirect
subsidiaries issues further convertible bonds or bonds with warrants or grants
other warrant rights and the holders of conversion or warrant rights are not
granted subscription rights to the extent to that they would be entitled after
exercising their conversion or warrant rights. Instead of a cash payment or a
reduction of the additional payment, the conversion ratio can also to the
extent possible be adjusted by dividing by the reduced conversion price.
Furthermore, in the case of other capital changes, restructuring, an
exceptional dividend, or other similar measures which could lead to a dilution
of the issued shares, the conditions can provide for an adjustment of the
warrant or conversion rights. The same applies in the case of a capital
reduction.
(6) Treasury shares, cash settlement
The bond conditions can include a provision or
an allowance that treasury shares of the Company can be used to serve the
conversion or warrant rights or conversion obligations. The conditions can also
include a provision or allowance that the Company does not grant shares in
Daimler AG to the holders of conversion or warrant rights or of convertible
bonds with conversion obligations, but pays the equivalent cash surrender value
that corresponds, in accordance with the details of the conditions, to the
average price of Daimler shares at the close of Xetra trading (or at the close
of a functionally equivalent successor to the Xetra system) on the Frankfurt
Stock Exchange during the ten to twenty trading days after the announcement of
the cash compensation.
(7) Granting subscription rights, exclusion of
subscription rights
The shareholders have statutory subscription
rights when the bonds are issued. The bonds can also be offered to the
shareholders by way of indirect subscription rights; they are then taken over
by a bank or consortium of banks with the obligation to offer them to the
shareholders.
However, with the consent of the Supervisory
Board, the Board of Management is authorized to exclude the right of
shareholders to subscribe to the bonds with conversion or warrant rights to shares
in Daimler AG if the issue price is not significantly below the theoretical
market value of the bonds as calculated according to generally accepted
financial calculation methods. However, the authorization to exclude
subscription rights applies only to bonds with conversion and/or warrant rights
(or conversion obligations) for shares with a total allocable portion of no
more than 10 percent of the share capital, both when this authorization comes
into effect and when it is exercised.
The sale of the Companys own shares is to be
included in this limit of ten percent of the share capital to the extent that
it takes place during the term of this authorization with exclusion of
subscription rights pursuant to Section 186, Subsection 3, Sentence 4 of
the German Stock Corporation Act (Aktiengesetz). Furthermore, shares issued
during the term of this authorization with exclusion of subscription rights
pursuant to Section 186, Subsec-
10
tion 3, Sentence 4 of the German Stock
Corporation Act (Aktiengesetz) are to be included in this limit of ten percent
of the share capital.
In addition, with the consent of the
Supervisory Board, the Board of Management is authorized to exclude
shareholders subscription rights regarding fractional amounts that arise as a
result of the subscription ratio, and to also exclude subscription rights to
the extent necessary to grant subscription rights to holders of conversion
and/or warrant rights or holders of convertible bonds with conversion
obligations to the extent to which they would be entitled after exercising
their conversion and/or warrant rights or after fulfillment of their conversion
obligations.
(8) Authorization to stipulate other bond
conditions
The Board of Management is authorized, with
the consent of the Supervisory Board, to stipulate the other details of the
bond issue and the terms of the bond, in particular the volume, time, interest
rate, issue price, maturity term, denomination, conversion or warrant price and
conversion or warrant period, or to stipulate these details in coordination
with the executive bodies of majority-owned subsidiaries of Daimler AG that
issue convertible bonds or bonds with warrants.
bb) Capital increase
The share capital is conditionally increased
by up to 500,000,000 (Conditional Capital 2010). The purpose of the
conditional capital increase is to grant shares to the holders of convertible
bonds and/or bonds with warrants issued pursuant to the aforementioned
authorization under aa) during the period until April 13, 2015 by Daimler
AG or its majority owned direct or indirect subsidiaries.
The new shares are issued at a conversion
price or warrant price to be stipulated pursuant to aa) paragraph (5). The
conditional capital increase is to be carried out only to the extent to which
use is made of conversion or warrant rights or to which the holders who are
subject to a conversion obligation fulfill this obligation and no other forms
of fulfillment are applied.
The new shares participate in the profits of
the Company as of the beginning of the financial year in which they are created
through the exercise of conversion or warrant rights or through the fulfillment
of conversion obligations.
The Board of Management is authorized, with
the consent of the Supervisory Board, to determine the further details of the
implementation of a conditional capital increase.
cc) Amendment to the Articles of Incorporation
Article 3, Paragraph 3 of the Articles of
Incorporation is reworded as follows:
The share capital is conditionally increased
by an amount not to exceed 500,000,000 (Conditional Capital 2010). The
conditional capital increase will be utilized only to the extent that
a) the
holders of conversion rights or warrants attached to the convertible bonds and
bonds with warrants to be issued by Daimler AG or its majority owned direct or
indirect subsidiaries during the period until April 13, 2015, in
accordance with the authorizing resolution of the Annual Meeting of the
Shareholders on April 14, 2010, actually exercise their conversion or
warrant rights, or
b) the
holders of convertible bonds to be issued by Daimler AG or its majority-owned
direct or indirect subsidiaries during the period until April 13, 2015, in
accordance with the authorizing resolution of the Annual Meeting of the
Shareholders on April 14, 2010, actually fulfill their conversion
obligations
and to the extent that the Company does not
apply any other forms of fulfillment. The new shares participate in the profits
of the Company as of the beginning of the financial year in which they are
created through the exercise of conversion or warrant rights or through the
fulfillment of conversion obligations. The Board of Management is authorized,
with the consent of the Supervisory Board, to determine the further details of
the implementation of a conditional capital increase.
dd) The Supervisory Board is authorized to
amend Article 3, Paragraphs 1 and 3 of the Articles of Incorporation in
accordance with actual utilizations of Conditional Capital 2010. The same
applies in the case of non-utilization of the authorization to issue
convertible bonds and/or bonds with warrants after expiry of the authorization
period and in the case of non-utilization of Conditional Capital 2010 after
expiry of all conversion/warrant deadlines.
11
Reports to the Annual Meeting
Regarding Items 6 and 7 of the Agenda:
Report of
the Board of Management
on the exclusion of shareholders subscription
rights and rights to sell shares to the Company in connection with the
acquisition and sale of treasury shares pursuant to Section 71, Subsection
1, Sentence 5 in conjunction with Section 186, Subsection 4, Sentence 2
and Section 186, Subsection 3, Sentence 4 of the German Stock Corporation
Act (Aktiengesetz):
Overview
The authorization to acquire treasury shares
is intended to allow the Company to continue to acquire treasury shares and to
use them in particular to cancel them, to finance the acquisition of companies,
to sell them to third parties for cash payment, to honor stock option plans for
the Management, to transfer them directly or indirectly to employees, or to
fulfill obligations arising from convertible and/or warrant bonds. The
authorization is intended to give the Company maximum flexibility and for the
optimization of the buyback also to allow treasury shares to be acquired with
the use of derivative financial instruments.
Exclusion of
subscription rights
The sale of treasury shares acquired on the
basis of the authorization granted by the Annual Meeting of the Shareholders on
April 14, 2010 or on the basis of an earlier authorization is intended to
be possible with the exclusion of shareholders subscription rights in the
following cases:
The authorization under Item 6 of the Agenda
is intended, inter alia, to allow the Company to have treasury shares at its
disposal in order to offer them as consideration in the context of business
combinations or the acquisition of companies or of equity interests in
companies. International competition and the globalization of the economy
increasingly require this form of consideration.
The authorization proposed here is therefore
intended to give the Company the required flexibility to utilize opportunities
to acquire companies or equity interests in companies quickly and flexibly. The
price for which shares of the Company are sold to third parties for these
purposes may not be more than five percent lower (excluding transactions costs)
than the price determined in the opening auction of Xetra trading (or of a
functionally equivalent successor to the Xetra system) on the Frankfurt Stock
Exchange on the day of the binding agreement with the third party. There are no
explicit plans for such an application of treasury shares at present. The Board
of Management will report to the following Shareholders Meeting on any
utilization of this authorization.
Moreover, the Company is to be enabled to sell
shares also in other ways than through the stock exchange or through an offer
to all shareholders against cash contributions to third parties, for example to
institutional investors or to attract new groups of investors. A precondition
for such a sale is that the price achieved (excluding transaction costs) is not
significantly lower than the stock exchange price for shares of the Company of
the same type at the time of the sale. The price for which shares of the
Company are sold to third parties may not be more than five percent lower
(excluding transactions costs) than the price determined in the opening auction
of Xetra trading (or of a functionally equivalent successor to the Xetra
system) on the Frankfurt Stock Exchange on the day of the binding agreement
with the third party. The prohibition of trading in the Companys own shares
remains unaffected. The orientation towards the stock exchange price takes
account of the shareholders interest in preventing dilution and appropriately
protects their assets and voting rights. The shareholders are generally able to
maintain the relative value of their shareholdings by purchasing shares on the
stock exchange; while in the interests of all shareholders, the Company is
given additional scope for action to utilize favorable stock market situations
at short notice. There are no explicit plans to utilize this authorization at
present. The Board of Management will report to the following Meeting of the
Shareholders about any utilization of this authorization.
The resolution proposed under Item 6 of this
years Agenda is also intended to enable the Company to service the stock
option plan approved by the Annual Meeting of the Shareholders on April 19,
2000 not only with the conditional capital decided upon at that Shareholders
Meeting but alternatively also by using treasury shares previously acquired or
to be acquired in the future.
12
The key points of the stock option plan were
approved by the Annual Meeting of the Shareholders on April 19, 2000. They
can be inspected as an integral part of the notarized minutes of the Annual
Meeting of the Shareholders of April 19, 2000 at the Commercial Register
of the Stuttgart District Court. They are also available on the Internet at http://www.daimler.com/ir/am2010.
The decision on how the options are to be
serviced in each individual case is to be made by the responsible boards of the
Company; they will be guided solely by the interests of the shareholders and
the Company, and will notify the following Shareholders Meeting of their
decision.
In addition, the Company is to be able to
issue shares directly or indirectly to the employees of the Company and its
subsidiaries or to third parties which assign to those employees the economic
ownership and/or the economic benefits of the shares. In order to facilitate
the issue of shares for one of these purposes, the Company is to be allowed to
acquire the necessary treasury shares also by means of securities lending, and
if necessary also to use treasury shares to meet the lenders claim to repayment.
Furthermore, the Company is to be able to use
treasury shares also to fulfill obligations arising from convertible bonds or
bonds with warrants (bonds) issued by the Company or by a subsidiary of the
Company as defined by Sections 15 et seq. of the German Stock Corporation Act
(Aktiengesetz). Even though sufficient conditional capital is available for
such bonds, the conditions of such bonds usually include the provision that in
particular any conversion obligations can also be fulfilled with treasury
shares. This facilitates even more flexible action and, by avoiding the issue
of additional shares, allows the avoidance of the dilution effect that is
typical of a capital increase.
Finally, the Company is to be able to cancel
treasury shares even without a new resolution by the Shareholders Meeting. The
cancellation of treasury shares is to be possible following a decision by the
responsible boards with or without a reduction in share capital, whereby in the
latter case the proportion of the share capital represented by each share
increases accordingly.
Acquisition
conditions
In addition to purchasing shares through the
stock exchange, the Company is also to be given the opportunity to acquire its
own shares through a public offering (tender procedure). With this alternative,
each shareholder of the Company willing to sell can decide how many shares and,
if a price range is set, at what price he or she is willing to offer them to
the Company. If the volume of shares offered exceeds the number requested by
the Company, acquisition or acceptance can take place with the exclusion of
shareholders rights to sell shares to the Company in proportion to the number
of shares offered. There should be the possibility of preferred acceptance of
small offers or small portions of offers of up to a maximum of 100 shares. This
possibility serves to avoid fractional amounts and small residual quantities in
the determination of the quota to be acquired and thus facilitates technical
processing.
Acquisition
using derivatives
Through the resolution of the Annual Meeting
of the Shareholders proposed under Item 7 of the Agenda, the Board of
Management is to be authorized, with the consent of the Supervisory Board, to
acquire shares of the Company not only through the stock exchange or by way of
a public offering, but also with the use of derivatives. This additional
alternative expands the Companys ability to structure the acquisition of
treasury shares optimally. The Board of Management intends to apply put options
and call options only as a supplement to the conventional share buyback. In
accordance with the resolution proposed to the Annual Meeting of the
Shareholders, a maximum of half of the shares that can be acquired under the
authorization may be bought back with the use of derivative financial
instruments.
It can be advantageous for the Company to sell
put options or to acquire call options instead of directly acquiring shares of
the Company.
When selling put options, the Company grants
the purchaser of the put options the right to sell shares of the Company to the
Company at a price specified in the put options (exercise price). As the
so-called option writer, the Company is obliged to acquire the number of shares
of the Company specified in the put option at the exercise price. As
consideration, the Company receives an option premium when it sells the put
options, substantially equivalent to the value of the selling right taking into
consideration the exercise price, the term of the options and the volatility of
Daimlers share price. If the put option is exercised, the option premium paid
by the pur-
13
chaser of the put options reduces the total
consideration paid by the Company for the acquisition of the shares. Exercise
of the put option makes financial sense for the holders if the price of Daimler
shares is below the exercise price, because the holders can then sell shares to
the Company at the higher exercise price. From the Companys perspective, a
share buyback with the use of put options has the advantage that the exercise
price is already defined on the date when the options are concluded. However,
there is no cash flow until the day of exercise. Furthermore, the price paid by
the Company to acquire the shares is below the share price at the time when the
options are concluded due to the option premium received by the Company. If the
options are not exercised because the share price is above the exercise price
on the date of exercise, the Company cannot acquire treasury shares in this
way. However, it has the advantage of the option premium it received when the
options were sold.
When acquiring call options, in return for the
payment of an option premium, the Company receives the right to buy a
predefined number of shares at a predefined price (exercise price) from the
seller of the options, the option writer. The Company thus buys the right to
acquire its own shares. Exercise of the call options makes financial sense for
the Company if the price of Daimler shares is above the exercise price, because
it can then buy the shares from the option writer at the lower exercise price.
The price to be paid for the shares by the
Company is the exercise price defined in the respective put options or call
options. The exercise price can be higher or lower than the stock-exchange
price of Daimler shares at the time when the put options are sold or the call
options are acquired. The option premium agreed by the Company on the sale of
put options or on the acquisition of call options may not be substantially
below (with put options) or substantially above (with call options) the
theoretical market value of the respective options on the date of the option
sale or purchase calculated with the use of recognized financial mathematical
methods; the agreed exercise price is also to be taken into consideration for
the calculation of that theoretical value.
Exclusion of
shareholders subscription rights and rights to sell shares to the Company with
the use of derivatives
Any claims on the part of shareholders of the
right to conclude such option transactions with the Company are excluded in
accordance with Section 186, Subsection 3, Sentence 4 of the German Stock
Corporation Act (Aktiengesetz). The shareholders also have no right to conclude
option transactions when in connection with the intended acquisition of the
Companys own shares with the use of derivatives there is a preferred offer for
the conclusion of option transactions related to lower numbers of shares.
Shareholders have the right to sell shares to the Company only to the extent
that the Company is obliged to accept shares from them from option
transactions. The specification of the option premium and exercise price as
described above prevents shareholders from being disadvantaged in connection
with the acquisition of treasury shares with the use of derivatives. As the
Company receives or pays a fair market price, the shareholders who are not
involved in the option transactions do not lose any value. This is equivalent
to the position of shareholders when shares are bought back through the stock
exchange, when not all shareholders can actually sell shares to the Company.
The equal treatment of shareholders is also ensured by determining a fair
market price, as well as with a share buyback through the stock exchange. This
also complies with Section 186, Subsection 3, Sentence 4 of the German
Stock Corporation Act (Aktiengesetz), which states that the exclusion of
subscription rights is justified when the shareholders financial interests are
protected.
Utilization
of the authorization to acquire treasury shares and to use derivatives
The Board of Management will notify the
following Shareholders Meeting about any utilization of the authorization to
acquire treasury shares and the use of derivative financial instruments.
Re Item 11 of the Agenda:
Report of
the Board of Management
concerning the exclusion of subscription
rights in the event of the issue of convertible bonds and/or bonds with
warrants pursuant to Section 221, Subsection 4 in conjunction with Section 186,
Subsection 4, Sentence 2 and Section 186, Subsection 3, Sentence 4 of the
German Stock Corporation Act (Aktiengesetz):
14
Initial
situation
The authorization granted by resolution of the
Annual Meeting of the Shareholders on April 6, 2005 under Agenda Item 9 to
issue convertible bonds and/or bonds with warrants with a total face value of
up to 15,000,000,000 is limited until April 5, 2010. The proportionate
amount of the share capital of the shares to be issued on the basis of the
conversion and/or warrant rights may not exceed 300,000,000. The Board of
Management is authorized, with the consent of the Supervisory Board, to exclude
shareholders subscription rights.
At the time when this Annual Meeting of the
Shareholders was convened and this Agenda was published, that authorization had
not been utilized.
Proposed
resolution
In view of the fact that the aforementioned
authorization expires on April 5, 2010 and against the background of the
remaining uncertainty about the general economic situation, it is in the
Companys interests to have the maximum possible flexibility with regard to
corporate financing. The instrument of conditional capital, which can have a
volume of up to 50 percent of the share capital, significantly helps to secure
this financing flexibility. It is therefore planned to create a new
authorization to issue convertible bonds and/or bonds with warrants. This makes
it possible to issue convertible bonds and/or bonds with warrants up to a face
value of 10,000,000,000 with a term of up to ten years and with conversion
and/or warrant rights for shares in the Company, now with a proportionate share
in the share capital of up to 500,000,000.
Advantages
of this financing instrument
Particularly in the current economic climate,
adequate capital resources are an essential basis for the Companys corporate
development and successful market presence. Depending on the prevailing market
situation, the issue of convertible bonds and bonds with warrants can enable
the Company to take advantage of attractive financing possibilities and
conditions in order to provide the Group with capital at low rates of interest.
The conversion and/or warrant premiums generated are beneficial to the Company.
The proposed option of providing a conversion
obligation for convertible bonds extends the scope for structuring financing
instruments of this kind. In order to facilitate the issue of convertible bonds
and/or bonds with warrants and for reasons of flexibility, the Company should
be able, depending on the market situation, to make use of German or
international capital markets also through its majority-owned subsidiaries
and to issue bonds not only in euros but also in the legal currency of any OECD
country.
Conversion
price/warrant price
The conversion or warrant price for a share
may not be below 80 percent of the average price of Daimler shares at the close
of Xetra trading (or at the close of a functionally equivalent successor to the
Xetra system) on the ten trading days on the Frankfurt Stock Exchange prior to
the day of the resolution by the Board of Management on the issue of
convertible bond or bonds with warrants. To the extent that the shareholders
have the right to subscribe to the bond issue, there is to be the alternative
opportunity to establish the conversion or warrant price for Daimler shares on
the basis of the average price of Daimler shares at the close of Xetra trading
(or at the close of a functionally equivalent successor to the Xetra-System)
during the trading days of subscription rights trading on the Frankfurt Stock
Exchange, with the exception of the last two trading days of subscription
rights trading, whereby this price must also be at least 80 percent of the
calculated value.
Treasury
shares, cash settlement, variable structuring of the conditions
The conversion or warrant conditions can
include a provision or allowance that treasury shares may be used in the case
of conversion rights or warrant rights being exercised or in the case of
conversion obligations being fulfilled. To further increase flexibility, the
conversion or warrant conditions can also include the provision or allowance
that instead of granting shares in the Company to the holders of conversion or
warrant rights or of convertible bonds with conversion obligations in the case
of conversion or warrant rights being exercised or conversion obligations being
fulfilled, the Company pays out an equivalent value in cash. Such virtual
convertible bonds and/or bonds with warrants enable the Company to use
financing close to capital-market conditions with no actual need for a
capital-raising measure under company law. This takes into account the fact
that an increase in share capital may be inappropriate at the future time of
exercise of the
15
conversion or warrant rights or fulfillment of
conversion obligations. Moreover, since no new shares are issued, utilization
of the cash settlement option protects the shareholders against any reduction
in the relative amounts of their shareholdings and against dilution of the net
asset value of their shares.
In this respect, in accordance with the
conversion or warrant conditions, the equivalent value to be paid in cash
corresponds to the average price of Daimler shares at the close of Xetra
trading (or at the close of a functionally equivalent successor to the Xetra
system) on the Frankfurt Stock Exchange during the last ten to twenty trading
days after the announcement of the cash settlement.
Furthermore, the provision can also be made
that the number of shares to be subscribed upon exercise of conversion or
warrant rights or after fulfillment of conversion obligations, or a related conversion
right, is variable and/or the warrant or conversion price can be changed during
the term within a range to be stipulated by the Board of Management, with the
consent of the Supervisory Board, depending on the development of the share
price or as a result of anti-dilution provisions. These possibilities ensure
that the issue is in close conformity with market conditions. The above
stipulations on the level of the conversion/warrant price also apply in this
respect.
Shareholders
subscription rights and exclusion of subscription rights
The shareholders are generally to have
subscription rights when convertible bonds and/or bonds with warrants are
issued. However, with the consent of the Supervisory Board, the Board of Management
can exclude subscription rights with application mutatis mutandis of Section 221,
Subsection 4, Sentence 2 in conjunction with Section 186, Subsection 3,
Sentence 4 of the German Stock Corporation Act (Aktiengesetz) to the extent
that bonds are issued at a price that is not significantly lower than their
theoretical market value.
The exclusion of subscription rights enables
the Company to respond quickly to favorable stock market situations and to
place bonds on the market quickly and flexibly with attractive conditions. On the
other hand, in view of the increased volatility of the stock markets, the issue
of convertible bonds and/or bonds with warrants with the inclusion of
subscription rights is often less attractive, as in order to comply with the
subscription period, the issue price must be set at a very early stage, which
is to the detriment of optimum exploitation of the stock-market situation and
the value of the bonds. Favorable terms and conditions as close as possible to
those prevailing on the market can generally only be established if the Company
is not bound to them for an excessively long offer period. Due to applicable
statutory periods in the context of subscription rights issues, it is
frequently necessary to deduct a significant safety margin from the price. It
is true that Section 186, Subsection 2 of the German Stock Corporation Act
(Aktiengesetz) allows publication of the subscription price (and therefore of
the bond conditions in the case of convertible bonds and/or bonds with
warrants) up to three days before the end of the subscription period. However,
even in such cases, there is a market risk over several days, which leads to
the deduction of safety margins. Moreover, due to the uncertainty regarding
utilization, subscription rights make the alternative placement with third
parties more difficult and cause additional expenditure. Finally, due to the
length of the subscription period, the Company is also prevented from
responding quickly to changes in market conditions. This makes it more difficult
to raise capital.
Pursuant to Section 221, Subsection 4,
Sentence 2 of the German Stock Corporation Act (Aktiengesetz), the provision of
Section 186, Subsection 3, Sentence 4 of the German Stock Corporation Act
(Aktiengesetz) applies mutatis mutandis to the exclusion of subscription
rights. Authorization to exclude subscription rights pursuant to Section 186,
Subsection 3, Sentence 4 of the German Stock Corporation Act (Aktiengesetz)
applies only to bonds with rights to shares with a total allocable portion of
no more than 10 percent of the share capital both when such authorization comes
into effect and when it is exercised. The sale of treasury shares is to be
included in this limitation to the extent that it takes place during the period
of this authorization with the exclusion of subscription rights. In addition,
the 10 percent limit of share capital is also to include shares issued during
the term of this authorization pursuant to or in mutatis mutandis application
of Section 186, Subsection 3, Sentence 4 of the German Stock Corporation
Act (Aktiengesetz). This inclusion is in the shareholders interest of having
the smallest possible dilution of their shareholdings.
Section 186, Subsection 3, Sentence 4 of
the German Stock Corporation Act (Aktiengesetz) requires that an issue price be
set that is not significantly below the market price. With the issue of
convertible bonds and/or bonds with warrants, the issue price may not be
significantly lower than the theoretical market value of the bonds. In this
way, shareholders are to be protected against dilu-
16
tion
of their shareholdings. Due to the issue price being established at a level not
significantly lower than the theoretical market value, as provided for in the
authorization, the value of subscription rights would fall practically to zero.
Thus, an exclusion of subscription rights results in no financial disadvantage
to the shareholders. Shareholders who wish to maintain their relative
shareholdings in the Companys share capital can do so under almost identical
conditions by making additional purchases on the capital market. This provides
appropriate protection for their asset interests.
The
Board of Management is also authorized, with the approval of the Supervisory
Board, to exclude subscription rights with regard to fractional amounts. Such
fractional amounts can result from the volume of the respective issue and the
application of a practicable conversion ratio. In such cases, the exclusion of
subscription rights allows the requested authorization to be utilized in whole
numbers, thus making the capital-raising measure easier to process.
The
exclusion of subscription rights in favor of holders of conversion or warrant
rights or of convertible bonds with conversion obligations arising from
subsequent utilization of this authorization to the extent to which they are
entitled after exercising their conversion or warrant rights has the advantage
that in the event of a further utilization of the authorization, in accordance
with the existing conversion or warrant conditions, the conversion price or
warrant price for the holders of existing conversion rights, warrant rights or
convertible bonds with conversion obligations does not need to be reduced.
The
Board of Management and the Supervisory Board will in each individual case
carefully examine whether or not to make use of the authorization to exclude
shareholders subscription rights. This possibility will only be utilized if,
in the view of the Board of Management and the Supervisory Board, it is in the
interests of the Company and thus also of its shareholders to do so.
Conditional capital
Conditional
capital is required to be able to service the conversion and warrant rights
and/or conversion obligations for shares in the Company associated with
convertible bonds and bonds with warrants. The issue price is equal to the
conversion or warrant price.
Total number of shares and voting rights
At
the time of convening the Annual Meeting of the Shareholders, the Companys
share capital is divided into 1,061,184,782 shares, each of which confers one
vote to its holder. Of that total, the Company holds 37,116,831 treasury
shares, from which it does not have any rights.
*****
Conditions for attending the Annual Meeting of the
Shareholders and for exercising voting rights
Those
shareholders are entitled to attend the Annual Meeting and to exercise their
voting rights who are listed as shareholders in the Companys share register on
the day of the Annual Meeting and who have notified the Company of their
intention to attend the Annual Meeting so that such notification is received by
the Company at the latest by 12:00 p.m. (midnight) CEST on April 9,
2010.
Shareholders
who are listed as shareholders in the share register can notify:
a) by post to:
Daimler
Aktionärsservice
Postfach 94 00 01
69940 Mannheim
Germany
b) by fax at the number:
+49 (0)69 913 39100
c) by e-mail to:
daimler.service@rsgmbh.com
or
d) by using the access-protected e-service for
shareholders on the Internet at:
https://register.daimler.com
Shares will not be blocked as a result of
shareholders notifying their intention to attend the Annual Meeting.
Shareholders can dispose of their shares also after giving notification. The
number of shares held by each shareholder as entered in the share register on
the day of the Annual Meeting is decisive for attending and casting votes.
17
Please
understand that due to the large number of attendees expected on the basis of
previous experience, we can generally only provide each shareholder with a
maximum of two tickets for our Annual Meeting.
Only
shareholders entitled to attend the Annual Meeting and authorized proxies will
receive entrance tickets and pads of voting cards.
*****
Details of the e-service for shareholders
The
letter of invitation to the Annual Meeting is sent by post to all shareholders
who have not yet agreed to have the invitation including the agenda sent by
e-mail until further notice. On the reverse side of the letter of invitation
sent by post, the registration data for our e-service for shareholders can be
found, i.e., the shareholders number and the individual access number. With
this registration data, shareholders using the e-service for shareholders can
give notification of their intention to attend the Annual Meeting, order
entrance tickets, in the context of ordering entrance tickets authorize a third
party as proxy, as well as (i) authorize the voting proxies appointed by
the Company and give instructions to those proxies, and, if previously
authorized in the e-service for shareholders, (ii) revoke proxies or amend
instructions for the Companys proxies. For the first time, we offer our
shareholders who use the e-service the possibility to print out their entrance
tickets themselves.
Users
of the e-service for shareholders who have already registered for that service
can use their self-issued User ID and their self-issued passwords.
Those
shareholders who have agreed to have the Annual Meeting documentation sent by
e-mail will receive the e-mail with the invitation including the Agenda as an
attached data file in pdf format, as well as a link to the e-service for
shareholders, at the e-mail address they have specified.
Please
note that shareholders cannot submit any requests to speak or to ask questions
at the Annual Meeting via the e-service for shareholders for the Annual
Meeting.
*****
Procedure for proxy voting
Shareholders
who are listed in the share register have the option of voting by proxy, for
example, the voting proxies appointed by the Company, a bank or a shareholders
association. Timely notification of intention to attend the Annual Meeting is
required also in this case, either by the shareholder or a proxy.
If
a shareholder authorizes more than one proxy, the Company may reject one or
more of those proxies.
Proxies
If
neither a bank nor a shareholders association nor another equivalent person or
institution as defined by Section 135, Subsections 8 and 10 of the German
Stock Corporation Act (Aktiengesetz) is authorized as a proxy, the proxy authorization
and any revocation of such authorization are to be communicated either (i) in
writing or via electronic media (Textform) to the address, fax number or
e-mail address stated above in the section Conditions for attending the Annual
Meeting of the Shareholders and for exercising voting rights under a) to c),
or (ii) in writing or via electronic media (Textform) to the proxy. In
the latter case, the Company must be furnished with proof in writing or via
electronic media (Textform). Shareholders and/or their proxies can
communicate the proof of proxy authorization or any revocation of proxy
authorization to the Company in writing or via electronic media (Textform) to
the address, fax number or e-mail address stated above for notification of
intention to attend in the section Conditions for attending the Annual Meeting
of the Shareholders and for exercising voting rights under a) to c), or can
furnish such proof on the day of the Annual Meeting at the entrance or exit
desks. Proxy authorization, but not any revocation of such, can be granted in
the context of ordering entrance tickets also via the e-service for
shareholders; regarding the revocation of proxy authorizations granted to the
Company proxies via the e-service for shareholders, the explanations in the
section Voting by official Company proxies apply.
Proxy
authorization and proof thereof can be effected by using the reply form or in
the context of ordering entrance tickets via the aforementioned e-service for
shareholders or in any other proper form.
18
It
is also possible for shareholders present or represented at the Annual Meeting
to authorize as proxies other shareholders or shareholder representatives
attending the Annual Meeting or the voting proxies appointed by the Company.
The proxy authorization cards included in the pads of voting cards can be used
for this purpose.
Statutory
provisions, in particular of Section 135 of the German Stock Corporation
Act (Aktiengesetz), apply to the authorization and revocation of authorization
as proxies of banks, shareholders associations or equivalent persons or
institutions as defined by Section 135, Subsections 8 and 10 of the German
Stock Corporation Act (Aktiengesetz), as well as to the proof of such
authorization or revocation. Please also observe any regulations of the banks,
shareholders associations and other equivalent persons or institutions.
If
a bank is listed in the share register, it can exercise the voting rights for
shares that it does not own only if it is authorized to do so by the actual
beneficial owner of the shares.
Voting by official Company proxies
Shareholders
who have given notification in good time of their intention to attend have the
possibility to authorize employees of the Company to vote in accordance with
their instructions as their proxies at the Annual Meeting. The authorization of
proxies, the issuing of voting instructions and any amendment of such, the
revocation of proxy authorization and the proof of authorization or revocation
must be effected in writing or via electronic media (Textform).
The
Company proxies will exercise shareholders voting rights in accordance with
their instructions; even when appointed as proxies, they may only exercise
voting rights if express instructions have been given on each item of the
agenda and/or on any countermotions and voting proposals made accessible before
the Annual Meeting. Instructions on procedural motions can be accepted neither
before nor during the Annual Meeting.
Proxy
authorizations and voting instructions for the Companys voting proxies are
also to be communicated in writing or via electronic media (Textform) to the
address, fax number or e-mail address stated above in the section Conditions for
attending the Annual Meeting of the Shareholders and for exercising voting
rights under a) to c). Proxy authorizations and voting instructions can be
effected by using the reply form or the aforementioned e-service for
shareholders or in any other proper form.
Proxy
authorizations and voting instructions for the Companys voting proxies must be
received by Daimler AG at the latest by 12:00 p.m. (midnight) on April 9,
2010. Via the e-service for shareholders, voting instructions and amendments
thereof can still be communicated until shortly before the start of voting on
the day of the Annual Meeting, but in any case until 12:00 a.m. (noon)
provided that the Company proxies were previously authorized by April 9,
2010 via the e-service for shareholders; the same applies to the revocation of
proxy authorization for the Companys voting proxies. Amendments to voting
instructions and the revocation of proxy authorization can also be communicated
in advance of the Annual Meeting in writing or via electronic media (Textform)
to the address, fax number or e-mail address stated above in the section Conditions
for attending the Annual Meeting of the Shareholders and for exercising voting
rights under a) to c). On the day of the Annual Meeting, proxy authorization
and voting instructions for the Company proxies, amendments to voting
instructions and the revocation of proxy authorization for the Companys voting
proxies can be effected in writing or via electronic media (Textform) also at
the entrance and exit desks at the Annual Meeting.
Please
note that if you authorize Company proxies, you will not be able to vote on any
countermotions or voting proposals that are only announced in the Annual
Meeting or on any other motions not communicated in advance of the Annual
Meeting, nor will you be able to submit any voting instructions on these
matters. In particular, the Company proxies cannot accept or pass on any
requests to speak or any questions from shareholders.
*****
Note for shareholders entered in the US share register
Notifications
of intention to attend the Annual Meeting by shareholders entered in the US
share register can also be submitted to Daimler AG, c/o The Bank of New York
Mellon, 480 Washington Boulevard, Jersey City NY 07310, Attn. Mr. Patrick
Mullaly, Fax No. (001) 201-680-4671.
*****
19
Questions, motions, election proposals, requests for
information
Details of shareholders rights pursuant to Section 122,
Subsection 2, Section 126, Subsection 1, Section 127 and Section 131,
Subsection 1 of the German Stock Corporation Act (Aktiengesetz)
Requests for additions to the Agenda pursuant to Section 122,
Subsection 2 of the German Stock Corporation Act (Aktiengesetz)
Shareholders
whose shareholdings together add up to the proportionate amount of 500,000 of
the share capital (equivalent to 174,216 shares) can request that items are
placed on the Agenda and are announced as such. Each new item must be
accompanied by a reason or a proposed resolution. Such requests are to be
addressed in writing to the Board of Management of Daimler AG and must be
received by the Company at least 30 days before the Annual Meeting, i.e., at
the latest by 12:00 p.m. (midnight) on March 14, 2010. Please send
such requests to the following address:
Daimler
AG
The
Board of Management
Attn.
Mrs. Dr. Petra Höss-Löw
Mercedesstr.
137
70327
Stuttgart
Germany
Pursuant
to Section 122, Subsection 2 and Subsection 1 in conjunction with Section 142,
Subsection 2, Sentence 2 of the German Stock Corporation Act (Aktiengesetz),
shareholders making such requests have to prove that they have held the
required number of shares since at least 00:00 a.m. on January 14,
2010.
Additions
to the Agenda that are to be announced, if not already announced when the
Annual Meeting was convened, are published without delay after the
corresponding request is received in the electronic version of the Federal
Gazette (Bundesanzeiger) and are passed on for publication to such media which
can be expected to disseminate the information in the entire European Union.
They are also published on the Internet at http://www.daimler.com/ir/am2010 and
are communicated to shareholders entered in the share register.
Countermotions and election proposals, Section 126,
Subsection 1 and Section 127 of the German Stock Corporation Act
(Aktiengesetz)
Moreover,
shareholders of the Company can submit countermotions to proposals of the Board
of Management and/or Supervisory Board concerning certain items of the Agenda
and can submit election proposals. Countermotions must be accompanied by a
reason. Countermotions, election proposals and other inquiries from
shareholders regarding the Annual Meeting are to be sent solely to one of the
following addresses of the Company:
Daimler
AG
Investor
Relations
HPC
096 0324
70546
Stuttgart
Germany
fax
number +49 (0)711 17 94075
by
e-mail to:
investor.relations@daimler.com.
Any
countermotions and/or election proposals that are otherwise addressed need not
be made accessible.
In
addition to the reasons stated in Section 126, Subsection 2 of the German
Stock Corporation Act (Aktiengesetz), an election proposal also does not need
to be made accessible if it does not include the proposed candidates name,
current profession and place of residence. Proposals for the election of
Supervisory Board members also do not need to be made accessible if they are
not accompanied by details of the proposed candidates memberships of other
statutory supervisory boards as defined by Section 125, Subsection 1,
Sentence 5 of the German Stock Corporation Act (Aktiengesetz).
We
will publish countermotions and election proposals from shareholders that are
to be made accessible, including the shareholders names and reasons that are
to be made accessible after they are received on the Internet at www.daimler.com/ir/am2010/motions.
Countermotions and election proposals on the items of the Agenda that are to be
made accessible and that are received at the addresses stated in the first
paragraph of this section (Countermotions and election proposals, Section 126,
Subsection 1 and Section 127 of the German Stock Corporation Act
(Aktiengesetz)) at least 14 days before the Annual Meeting, i.e., by 12:00 p.m.
(midnight) on March 30, 2010, will be taken into consideration. Any
statements of position by the Management will also be published at the same
Internet address.
20
Right of information pursuant to Section 131, Subsection
1 of the German Stock Corporation Act (Aktiengesetz)
Upon
request, each shareholder is to be given information during the Annual Meeting
by the Board of Management concerning the affairs of the Company and the legal
and business relations of the Company with its subsidiaries, as well as the
situation of the Group and of the companies included in the consolidated
financial statements, provided that such information is required to make a
proper appraisal of subject matter of the Agenda.
Explanation of shareholders rights
Explanation
of shareholders rights pursuant to Section 122, Subsection 2, Section 126,
Subsection 1, Section 127 and Section 131, Subsection 1 of the
German Stock Corporation Act (Aktiengesetz) can also be found on the Internet
at http://www.daimler.com/ir/am2010.
*****
Information and documentation for the Annual Meeting
Information
and documentation pursuant to Section 124 a of the German Stock
Corporation Act (Aktiengesetz), including Annual Report 2009 and the key points
of the stock option plan for the Management approved by the Annual Meeting of
the Shareholders on April 19, 2000 and referred to in Item 6 of the
Agenda, are available on the Internet at http://www.daimler.com/ir/am2010. All
information that is required to be made accessible to the Annual Meeting by law
is available for inspection at the Annual Meeting.
The
Agenda of the Annual Meeting on April 14, 2010 and the information on
notification of intention to attend and authorization of proxies will be sent
by the Company to the shareholders entered in the Companys share register.
Those shareholders who have agreed to have the Annual Meeting documentation
sent by e-mail will receive, together with the invitation e-mail, the
invitation with the Agenda as an attached data file in pdf format, as well as a
link to the e-service for shareholders.
Broadcast of the Annual Meeting on the Internet
Shareholders
who are unable to attend the Annual Meeting in person can follow the
introductory statement of the Chairman of the Supervisory Board and the speech
of the Chairman of the Board of Management on the Internet at www.daimler.com/ir/am2010.
Information on the Annual Meeting, and later the voting results, can also be
accessed at that Internet address.
The
invitation to the Annual Meeting is published in the electronic version of the
Federal Gazette (Bundesanzeiger) of March 3, 2010 and has been passed on
for publication to such media which can be expected to disseminate the
information in the entire European Union.
Stuttgart,
March 2010
Daimler
AG
The
Board of Management
21
Internet
| Information | Addresses
Information on the Internet.
Special information on our
shares and earnings development can be found in the Investor Relations
section of our website. It includes the Groups annual and interim reports, the
company financial statements of Daimler AG, and reports to the US Securities
and Exchange Commission (SEC). You can also find topical reports,
presentations, an overview of various key figures, information on our share
price, and other services.
www.daimler.com/investors
Publications for our shareholders:
·
Annual Report (German, English)
·
Form 20-F (English)
·
Interim Reports for the 1st, 2nd and 3rd quarters
(German, English)
·
Sustainability Report
(German, English)
·
Brochure: The Road to Emission-free Mobility
(German, English)
·
Brochure: Milestones in Vehicle Safety.
The Vision of Accident-free Driving
(German, English)
www.daimler.com/ir/reports
www.daimler.com/downloads/en
The
financial statements of Daimler AG were prepared in accordance with German
accounting principles and the consolidated financial statements were prepared
in accordance with the International Financial Reporting Standards (IFRS). Both
sets of financial statements were audited by KPMG AG
Wirtschaftsprüfungsgesellschaft and an unqualified audit opinion was rendered
thereon. These financial statements will be filed with the operator of the
electronic version of the German Federal Gazette and published in the
electronic version of the German Federal Gazette.
The
aforementioned publications can be requested from:
Daimler AG, Investor Relations, HPC 0324, 70546 Stuttgart, Germany.
The
documents can also be ordered by phone or fax using the following number: +49
711 17 92287.
Daimler AG
70546
Stuttgart
Phone
+49 711 17 0
Fax +49 711 17 22244
www.daimler.com
Investor Relations
Phone
+49 711 17 95277
+49
711 17 92261
+49
711 17 95256
Fax
+49 711 17 94075
ir.dai@daimler.com
22
Financial Calendar 2010
Annual Press Conference
February 18, 2010
Analysts and Investors Conference Call
February 18, 2010
Presentation of the Annual Report 2009
March 3, 2010
Annual Meeting
April 14, 2010
10:00 a.m. CEST | 4:00 a.m. EST
Messe Berlin
Interim Report Q1 2010
April 27, 2010
Interim Report Q2 2010
July 27, 2010
Interim Report Q3 2010
October 28, 2010
23
Daimler
AG
Stuttgart,
Germany
www.daimler.com
Notes on Item 1 of the Agenda
pursuant to Section 124a, Sentence 1, No. 2
of the German Stock Corporation Act (
Aktiengesetz
)
The
subject matter of Item 1 of the Agenda is the presentation of the adopted
Company financial statements, the approved consolidated financial statements,
the combined management report for Daimler AG and the Group for the 2009
financial year, the report of the Supervisory Board and the explanatory reports
on the information required pursuant to Section 289, Subsections 4 and 5
and Section 315, Subsection 4 of the German Commercial Code (
Handelsgesetzbuch, HGB
). As the
Supervisory Board adopted the Company financial statements and approved the
consolidated financial statements on March 1, 2010, the Annual Meeting of
the Shareholders will not pass a resolution on those matters, in accordance
with applicable law. Neither does applicable law require a resolution to be
passed by the Annual Meeting of the Shareholders concerning the other documents
listed in Item 1 of the Agenda, which are also to be presented to the Annual
Meeting of the Shareholders.
Based
on the Company financial statements of Daimler AG as per December 31, 2009
theres no proposal for the appropriation of the profit required.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
Daimler AG
|
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By:
|
/s/ ppa.
|
Robert Köthner
|
|
|
Name:
|
Robert
Köthner
|
|
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Title:
|
Vice
President
|
|
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Chief
Accounting Officer
|
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By:
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/s/
i.V.
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Silvia
Nierbauer
|
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Name:
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Silvia
Nierbauer
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|
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Title:
|
Director
|
Date:
March 5, 2010
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