The Annual General Meeting of Kudelski SA (SIX:KUD.S) concluded with shareholders approving all proposals from the Board of Directors by strong majorities. Thirty-eight shareholders or their proxies attended in person, representing 63,952,062 shares out of the company’s total 97,809,214 shares. The meeting’s outcomes demonstrate continued shareholder confidence in the company’s leadership and strategic direction during a period of significant technological transformation in digital security markets.
Shareholders approved the 2025 annual report, Kudelski SA’s financial statements, the Group’s 2025 consolidated accounts and profit allocation, along with the 2025 report on non-financial matters. They also endorsed the compensation report for both the Board of Directors and Executive Board, and granted discharge to both bodies for their 2025 activities. These approvals indicate shareholder satisfaction with the company’s financial performance and governance practices during the previous fiscal year.
In board elections, shareholders re-elected seven members for one-year terms: Marguerite Kudelski, Laurent Dassault, Michael Hengartner, Andre Kudelski, Pierre Lescure, Alec Ross and Claude Smadja. Andre Kudelski was also re-elected as Chairman of the Board of Directors. The board saw one departure as Patrick Foetisch retired after more than 35 years of service, during which he helped shape the Group’s development. Shareholders elected Helene Beguin as a new board member for a one-year term. Beguin brings extensive financial expertise from her tenure as a partner at KPMG from 2004 to 2025, including serving on the board of directors of KPMG Suisse from 2014 to 2024, most recently as its chairwoman. She holds a Master’s degree in Business Administration from HEC Lausanne and is a certified public accountant.
The shareholders elected Michael Hengartner, Pierre Lescure, Alec Ross and Claude Smadja to the Remuneration and Nomination Committee for one-year terms. PricewaterhouseCoopers SA in Lausanne (Pully) was re-elected as the Group’s audit firm for another year, while Ofisa Berney Associés SA in Lausanne was elected as independent representative for a one-year period. The company’s 2025 Annual Report is available for download, and printed versions can be ordered by contacting the company. The Kudelski Group maintains its position as a world leader in core digital security technologies and solutions for media, cybersecurity and IoT, with headquarters in Cheseaux-sur-Lausanne, Switzerland and Phoenix, Arizona, USA, and presence in over 20 countries worldwide. More information about the company is available at https://www.nagra.com.
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