Annual General Meetings.
Annual General Meeting 2024.
The 104th Annual General Meeting of Bayerische Motoren Werke Aktiengesellschaft (BMW AG) will be held
on Wednesday, 15 May 2024, from 10:00 a.m. (CEST)
as a virtual Annual General Meeting without the physical presence of shareholders or their proxies (with the exception of voting representatives appointed by the Company).
In order to attend the Annual General Meeting (i.e. to follow the meeting electronically) and to exercise voting rights and other shareholders’ rights in the meeting, shareholders must submit notification of attendance in text form no later than midnight on 8 May 2024 (CEST). Further information pertaining to the Annual General Meeting is available in the Notice of the Annual General Meeting, the information on the rights of shareholders and the additional documents and information to be made accessible on this website.
The online service for the Annual General Meeting is expected to be available to our shareholders from 24 April 2024 at www.bmwgroup.com/agm-service.
Overview.
Information and downloads.
- Convocation of the Annual General Meeting 2024 (PDF, 4.8 MB)
- Key facts for the AGM 2024 of BMW AG (PDF, 38.4 KB)
- Investor presentation on the AGM 2024 (PDF, 4.4 MB)
- Information on the rights of shareholders (PDF, 133.5 KB)
- Articles of Incorporation of BMW AG (PDF, 2.0 MB)
- Notice for common stock shareholders on the convocation pursuant to § 125 German Stock Corporation Act (PDF, 171.3 KB)
- Notice for preference stock shareholders on the convocation pursuant to § 125 German Stock Corporation Act (PDF, 168.4 KB)
- Form for exercising voting rights in writing (sample - available in German only) (PDF, 2.1 MB)
The agenda and resolution items are partially abridged. The full wording of the agenda is published in the convocation and in the Federal Gazette (27 March 2024 - available only in German). If you would like to download the agenda and the resolutions proposed by the management, please click here.
The Board of Management and the Supervisory Board propose that the unappropriated profit for the financial year 2023 in the amount of € 3,802,488,470.32 be utilised as follows*:
- Distribution of a dividend in the amount of €6.02 per € 1 par value upon non-voting preference shares (57,320,307 preference shares), amounting to € 345,068,248,14;
- Distribution of a dividend in the amount of € 6.00 per € 1 par value on the dividend bearing share capital (573,864,574 common shares), amounting to € 3,443,187,444.00;
- Transfer of the remaining amount of € 14,232,778.18 to other revenue reserves.
The proposal for the utilisation of unappropriated profit reflects 5,931,093 treasury common shares and 1,600,101 treasury preference shares held by the Company at the date of the preparation of the annual financial statements on 12 March 2024. These treasury shares are not entitled to a dividend pursuant to § 71b AktG.
*The resolution proposal by the Management relates to the reporting date of 12 March 2024 (preparation of the annual financial statements). As a result of share buybacks by the company after this date, the number of shares entitled to dividends will be reduced by the date of the Annual General Meeting. The management will therefore submit an updated resolution proposal on agenda item 2 at the Annual General Meeting. The dividend amount per dividend-bearing share will remain unchanged. Parts of the net retained profits that are no longer required for distribution as a result of the share buy-backs are to be transferred to other revenue reserves. The updated proposed resolution will be published on the company's website approximately one week before the Annual General Meeting.
The Board of Management and the Supervisory Board propose that the acts of the members of the Supervisory Board who were in office during the 2023 financial year and are listed below under items 4.1 to 4.20 be ratified for this period:
4.1 Dr Norbert Reithofer (Chairman) | 4.11 Johann Horn |
4.2 Dr Martin Kimmich (Deputy Chairman) | 4.12 Dr hc Susanne Klatten |
4.3 Stefan Quandt (Deputy Chairman) | 4.13 Jens Köhler |
4.4 Stefan Schmid (Deputy Chairman) | 4.14 Gerhard Kurz |
4.5 Dr Kurz Bock (Deputy Chairman) | 4.15 André Mandl |
4.6 Christiane Benner | 4.16 Dr Dominique Mohabeer |
4.7 Dr Marc Bitzer | 4.17 Anke Schäferkordt |
4.8 Bernhard Ebner | 4.18 Prof Dr Christoph M. Schmidt |
4.9 Rachel Empey | 4.19 Dr Vishal Sikka |
4.10 Dr Heinrich Hiesinger | 4.20 Sibylle Wankel |
On the recommendation of the Audit Committee, the Supervisory Board proposes that PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt/Main (PwC), be appointed as Company and Group auditor for the financial year 2024 and as auditor to carry out a review of the Condensed Interim Group Financial Statements and Interim Group Management Report for the first six months of the financial year 2024.
The Supervisory Board proposes that the following persons be elected as shareholder representative on the Supervisory Board with effect from the end of the Annual General Meeting on 15 May 2024:
6.1 Dr hc Susanne Klatten, Munich, entrepreneur, for a term of office until the end of the Annual General Meeting at which the ratification of the acts of the Supervisory Board is resolved for the financial year 2027,
6.2 Stefan Quandt, Bad Homburg v. d. Höhe, entrepreneur, for a term of office until the end of the Annual General Meeting at which the ratification of the acts of the Supervisory Board is resolved for the financial year 2027,
6.3 Dr Vishal Sikka, Los Altos Hills, California/USA, Founder and CEO of Vianai Systems, Inc., for a term of office until the end of the Annual General Meeting at which the ratification of the acts of the Supervisory Board is resolved for the financial year 2027.
- Overview: agenda and resolution items (PDF, 30.2 KB)
- Item 1: BMW Group Report 2023 (PDF, 9.7 MB)
- Item 1: BMW Group Key Metrics 2023 (xlsx) (XLSX, 25.6 KB)
- Item 1: Annual Financial Statements of BMW AG 2023 (PDF, 4.6 MB)
- Item 1: Statement on Corporate Governance 2023 (PDF, 4.7 MB)
- Item 4: Attendance at meetings of the Supervisory Board members 2023 (PDF, 43.1 KB)
- Item 6: CVs of the nominees for the Supervisory Board (PDF, 212.9 KB)
- Item 6: Skills matrix of the Supervisory Board (PDF, 88.9 KB)
- Item 7: Remuneration Report 2023 (PDF, 1.0 MB)
- Item 7: Presentation on the remuneration report 2023 (PDF, 1.7 MB)
- Countermotions and election proposals: none (27 March 2024). (PDF, 18.4 KB)
- Advocacy of BMW Group (incl. climate and environment)
- Supplementary information on the virtual Annual General Meeting (PDF, 79.6 KB)
- Terms of use for the online service (PDF, 65.4 KB)
- Information on data protection for BMW AG shareholders (PDF, 72.1 KB)