Autoliv, Inc. (NYSE:ALV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
In accordance with the Corporate Governance Guidelines of
Autoliv, Inc. (the Company), George Lorch, a member of the
Companys Board of Directors (the Board), having reached the
mandatory retirement age, will not stand for re-election to the
Board at the Companys 2017 Annual Meeting of Stockholders, which
is scheduled to occur on May9, 2017 (the 2017 Annual Meeting).
Mr.Lorch has served as a director of the Company since 2003 and
as Lead Independent Director since May 2014.
At the conclusion of Mr.Lorchs service, the Board will appoint a
new Lead Independent Director. The Board will not fill the
vacancy resulting from Mr.Lorchs retirement and will accordingly
reduce the size of the Board to ten directors, effective
immediately following the closing of the polls for the election
of directors at the 2017 Annual Meeting.
| Item8.01 | Other Events. |
On February20, 2017, the Company announced that the Board
declared a quarterly dividend of 60 cents per share for the
second quarter of 2017. The dividend will be payable on June1,
2017 to stockholders of record on the close of business on May17,
2017. The ex-date will be May15, 2017 for holders of the common
stock listed on the New York Stock Exchange and May16, 2017 for
holders of Swedish Depository Receipts listed on the NASDAQ
Stockholm.
A copy of the press release is filed as Exhibit 99.1 to this
report and is incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits. |
(d) EXHIBITS
| 99.1 | Press Release of Autoliv, Inc. dated February20, 2017. |
About Autoliv, Inc. (NYSE:ALV)
Autoliv, Inc. is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors. Passive safety systems manage vehicle safety and include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems passive safety electronic products, such as restraint electronics and crash sensors. Active safety systems intervene before a collision to make accidents avoidable or to reduce impact. Autoliv, Inc. (NYSE:ALV) Recent Trading Information
Autoliv, Inc. (NYSE:ALV) closed its last trading session down -1.46 at 105.87 with 706,774 shares trading hands.
