Precise Biometrics has set a date and an agenda for its Annual General Meeting, which will convene on May 16th at Mobile Heights, Mobilvägen 10, in Lund, Sweden.
A number of proposals will be put forward at the AGM, with some particularly notable ones apparently reflecting the market challenges that Precise Biometrics has met over the past year. The company’s Board of Directors has proposed, for example, that no dividend should be declared for the year, and has also suggested a program of fixed and variable salaries for Precise Biometrics’ management, establishing an incentive program for its top leadership.
In a statement announcing this agenda, the company also noted that at its 2017 AGM, it resolved to implement an incentive program for the firm’s employees, and proceeds to assert that the Board “believes that it is of great importance that the Company’s new CEO Stefan K Persson, who was appointed after the implementation of the 2017 program, is given an opportunity to invest in a corresponding warrants program and therefore proposes that the general meeting resolves on incentive program 2018/2021.” The aim, of course, is to incentivize a long-term commitment to the company on the part of Persson, who will officially take on his new role on August 1st. (The company’s CFO Göran Thuresson is currently acting as interim leader, filling in after previous CEO Håkan Persson’s resignation at the start of this year.)
The proposals illustrate Precise Biometrics’ strategic recalibrations as it seeks to adjust to pronounced competitive pressures in the mobile biometrics market, and to exploit new opportunities in the emergence of biometric payment cards.
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April 10, 2018 – by Alex Perala
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