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Annual General Meeting of AB SKF
The Annual General Meeting of Aktiebolaget SKF, parent company of the SKF Group, was held in Göteborg on Tuesday, April 24, 2007, under the chairmanship of Mr Anders Scharp.
The income statements and the balance sheets of the parent company and the Group were adopted, together with the Board's proposal for distribution of surplus. The proposed dividend of SEK 4.50 per share was approved. To be entitled to receive the dividend for 2006, shareholders must be recorded in the share register on April 27, 2007.
The Meeting resolved that the Board of Directors' fee for 2007 is to be in accordance with the following:
a)a firm allotment of SEK 3,275,000 to be distributed with SEK 800,000 to the Chairman of the Board, with SEK 550,000 to the Deputy Chairman of the Board and with SEK 275,000 to each other Board member elected by a General Meeting and not employed by the company;
b)a variable allotment corresponding to the value, calculated as below, of 3,200 company shares of series B to be received by the Chairman, 2,400 company shares of series B to be received by the Deputy Chairman and 1,200 shares of series B to be received by each other Board member; and
c)an allotment for committee work of SEK 555,000 to be distributed with SEK 150,000 to the chairman of the Audit Committee, with SEK 75,000 to each of the other members of the Audit Committee and with SEK 60,000 to each of the members of the Remuneration Committee.
A prerequisite for obtaining an allotment is that the Board member is elected by a General Meeting and is not employed by the company. When deciding upon the variable allotment, the value of a share of series B shall be determined at the average latest payment rate according to the quotations on the Stockholm Stock Exchange during the five trading days after publication of the company's press release for the financial year 2007.
The following Board members were reelected: Mr Anders Scharp, Mr Vito H Baumgartner, Ms Ulla Litz
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| GIHOK16DO bearing | 16 | 30 | 14 |
| GIHOK12DO bearing | 12 | 22 | 10 |