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Annual General Meetings

Annual General Meetings.

HAUPTVERSAMMLUNG

Annual General Meeting 2024.

The 104th Annual General Meeting of Bayerische Motoren Werke Aktiengesellschaft (BMW AG) was held on Wednesday, 15 May 2024.

We would like to thank all shareholders and visitors for their interest in BMW AG.

The next Annual General Meeting is expected to take place on Wednesday, 14 May 2025.

Information and downloads.

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.

In accordance with the statutory provisions, no resolution of the Annual General Meeting is planned for this agenda item, as the Supervisory Board has already approved the Company Financial Statements and the Group Financial Statements. The Company Financial Statements are thus adopted.

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 (57,256,891 preference shares), amounting to € 344,686,483.82;
  • Distribution of a dividend in the amount of € 6.00 per € 1 par value on the dividend bearing share capital (572,737,871 common shares), amounting to € 3,436,427,226.00;
  • Transfer of the remaining amount of € 21,374,760.50 to other revenue reserves.

The proposal for the utilisation of unappropriated profit reflects 7,057,796 treasury common shares and 1.663.517 treasury preference shares held by the Company. These treasury shares are not entitled to a dividend pursuant to § 71b AktG.

* Updated resolution proposal on agenda item 2 (7 May 2024):
Since the convocation of the Annual General Meeting, the number of shares entitled to dividends has decreased as a result of share buy-backs by the Company. As announced in the convening notice, the Board of Management and the Supervisory Board have therefore updated their resolution proposal in accordance with the above wording. The dividend amount per dividend-bearing share has remained unchanged. The amount of the unappropriated profit that is not required for the distribution as a result of the decreased number of dividend-bearing shares is to be transferred to the other revenue reserves. In the above version, the proposed resolution will be to a vote at the Annual General Meeting.

The Board of Management and the Supervisory Board propose that the acts of the members of the Board of Management in the financial year 2023 be ratified for this period.

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 Kurt 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.

The Supervisory Board and the Board of Management propose that the remuneration report for the financial year 2023, prepared and audited in accordance with § 162 AktG, be approved.

Shareholder hotline of BMW AG.

T: +49-89-382-17944 or +49-89-382-25452
E: hv@bmw.de

On working days from monday to friday from 9.00 a.m. to 5.00 p.m. (CEST).

 

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