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Resolutions of Modulight Corporation’s Annual General Meeting and Inaugural Meeting of the Board of Directors on 4 May 2026
Resolutions of Modulight Corporation’s Annual General Meeting and Inaugural Meeting of the Board of Directors on 4 May 2026
About this update from Modulight Oyj
Modulight Corporation | Company Release | May 04, 2026 at 15:55:00 EESTThe Annual General Meeting of Modulight Corporation was held on 4 May 2026 at 1 p.m. (Finnish time) at Kampusareena Auditorium A223 at the address Korkeakoulunkatu 7, FI-33720 Tampere, Finland. Shareholders and their proxy representatives could participate in the Annual General Meeting and exercise their rights both by voting and presenting questions in advance and by exercising their voting and speaking rights on-site at the meeting.The minutes of the General Meeting containing the full resolutions in Finnish and its unofficial English translation will be available on Modulight Corporation’s website https://modulight.com/agm2026/ on 18 May 2026 at the latest.Adoption of the financial statementsThe Annual General Meeting adopted the company’s financial statements, including consolidated financial statements, for the financial period that ended on 31 December 2025.The Annual General Meeting approved the Board of Directors’ proposal that the result for the financial year 2025, amounting to EUR -4,427 thousand, be transferred to the profit/loss account and that no dividend be distributed based on the balance sheet adopted for the financial year 2025.Resolution on discharge from liability to the members of the Board of Directors and the CEOThe Annual General Meeting resolved to discharge the members of the Board of Directors and the CEO Seppo Orsila from liability for the financial period of 1 January–31 December 2025.Remuneration report for Governing Bodies 2025The Annual General Meeting resolved in an advisory decision to adopt the Remuneration Report for Governing Bodies.Remuneration Policy for Governing BodiesThe Annual General Meeting resolved in an advisory decision to adopt the revised Remuneration Policy for Governing Bodies.Remuneration of the members of the Board of DirectorsThe Annual General Meeting resolved in accordance with the proposal of the Shareholders’ Nomination Board that the Chair of the Board be paid EUR 5,000 per month and each Board Member EUR 2,500 per month in remuneration. The remuneration may be paid to the members of the Board of Directors in company shares and in cash. In addition, travel expenses of all Board Members are reimbursed in accordance with the company’s valid travel policy.The number of members of the Board of DirectorsThe Annual General Meeting ...