PIRELLI SHAREHOLDERS MEETING ON 31 JULY 2023 FOR RENEWAL OF BOARD OF DIRECTORS
Milan, 20 June 2023 – The Board of Directors of Pirelli met today and took stock of the requirements indicated by the Golden Power Procedure, communicated to the market on 18 June 2023, and decided to call a new shareholders meeting on 31 July 2023 for the renewal of the Board of Directors of Pirelli and related deliberations, in light of the postponement that will be proposed to the shareholders meeting of 29 June 2023 regarding these items.
The Shareholders Meeting – which will be held in sole call and ordinary session in Milan at Via Agnello 18, at the Studio Notarile Marchetti, at 10.30 – in the event that the proposed postponement above is approved, will be called upon to deliberate regarding the:
- renewal of the Board of Directors which is expiring, its mandate having concluded, determining the number of components of the administrative body, seeing to the nomination of the Board (through the list voting mechanism) and of the Chairman and establishing the relative compensation;
- approval of remuneration policy for 2023 as well as an advisory vote on the compensations paid for 2022;
- approval, for the part linked to Total Shareholder Return, of the adoption of the long-term monetary incentive plan for the 3-year period 2023-2025 (LTI 23-25) for Group management in general and correlated to the targets of the Strategic Plan 2021-2022|2025;
- renewal of the authorization for the stipulation of an insurance Policy to cover management risks for Directors and Auditors (cd. D&O).