Results of the 90th Annual General Meeting of BMW AG. A total of 466,415,024 shares (77.48%) of the share capital carrying voting rights was represented at the 90th Annual General Meeting of BMW AG held on 18 May 2010 in Munich (total number of shares of common stock: 601,995,196).
The results of the voting on items 2 to 9 of the agenda were as follows:
Agenda item 2: Resolution on the utilisation of the unappropriated profit.
Valid votes were cast for 466,219,449 ordinary shares equalling 77.45 % of the statutory ordinary share capital and 71.22 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 466,199,038 votes for (99.99%) - 20,411 votes against - 180,165 abstentions.
Agenda item 3: Ratification of the acts of the Board of Management.
Valid votes were cast for 466,138,716 ordinary shares equalling 77.43 % of the statutory ordinary share capital and 71.20 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 465,503,938 votes for (99.86%) - 634,778 votes against - 261,177 abstentions.
Agenda item 4: Ratification of the acts of the Supervisory Board.
Valid votes were cast for 285,597,615 ordinary shares equalling 47.44 % of the statutory ordinary share capital and 43.63 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 284,961,582 votes for (99.78%) - 636,033 votes against - 260,344 abstentions*.
*) Shareholders who are members of the Supervisory Board of BMW AG were not entitled to vote on this resolution.
Agenda item 5: Election of the Auditor.
Valid votes were cast for 463,173,797 ordinary shares equalling 76.94% of the statutory ordinary share capital and 70.75 % of the statutory share capital.
The proposal of the Supervisory Board was carried by - 383,857,849 votes for (82.88%) - 79,315,948 votes against - 3,266,406 abstentions.
Agenda item 6: Election to the Supervisory Board.
Valid votes were cast for 465,867,006 ordinary shares equalling 77.39 % of the statutory ordinary share capital and 71.16% of the statutory share capital.
The proposal of the Supervisory Board to elect Mr.Henning Kagermann, was adopted as follows
- 430,218,294 votes for (92.35%) - 35,648,712 votes against - 533,142 abstentions.
Agenda item 7: Resolution on amendments to the Articles of Incorporation with respect to the Annual General Meeting in line with new legislation.
Valid votes were cast for 466,388,028 ordinary shares equalling 77.47 % of the statutory ordinary share capital and 71.24 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 466,375,741 votes for (99.99%) - 12,287 votes against - 12,044 abstentions.
Agenda item 8: Resolution on the approval of the compensation system for members of the Board of Management.
Valid votes were cast for 466,061,703 ordinary shares equalling 77.42 % of the statutory ordinary share capital and 71.19 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 455,144,277 votes for (97.66%) - 10,917,426 votes against - 338,245 abstentions.
Agenda item 9: Resolution on the approval of new versions of existing profit and loss transfer agreements.
Valid votes were cast for 466,166,549 ordinary shares, equalling 77.44 % of the statutory ordinary share capital and 71.21 % of the statutory share capital.
The proposal of the Board of Management and the Supervisory Board was carried by - 466,148,051 votes for (99.99%) - 18,498 votes against - 233,722 abstentions.
