Ericsson (ERIC) AGM 2020 summary

Opening remarks and agenda

• AGM held in Kista/Stockholm on March 31, 2020.

Financial performance review

• Shareholders adopted the 2019 parent-company and consolidated profit and loss statements and balance sheets.

Board and executive committee updates

• Ronnie Leten was re-elected Chair; Jon Fredrik Baksaas, Jan Carlson, Nora Denzel, Börje Ekholm, Eric A. Elzvik, Kurt Jofs, Kristin S. Rinne, Helena Stjernholm and Jacob Wallenberg were re-elected directors.

• Employee representatives appointed to the Board: Torbjörn Nyman, Kjell-Åke Soting and Roger Svensson; deputies: Per Holmberg, Anders Ripa and Loredana Roslund.

• Annual fees approved: SEK 4,075,000 for the Chair and SEK 1,020,000 for each other non-employee director; committee fees also approved, with partial payment in synthetic shares permitted.