Around 1,800 shareholders today participated in the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) for financial year 2011/2012, which was held at the Congress Center Rosengarten in Mannheim. Just under 38 percent of Heidelberg's share capital was represented at the event. 

The Management Board discussed the company's strategy and the balance sheet for the past financial year (April 1, 2011 through March 31, 2012). Bernhard Schreier, Heidelberg CEO, bid farewell to the shareholders during his speech. He will hand over the post of Heidelberg CEO to Dr. Gerold Linzbach on September 1, 2012, after 13 years in this position.

Approval from the company's shareholders was needed for nine of the ten items on the AGM's agenda. The items included the restructuring of the approved and conditional capital, the change in the remuneration system for the members of the Management Board, and a change in the Memorandum and Articles of Association regarding the remuneration of the Supervisory Board members that will take effect next year. Shareholders also voted on a further five resolutions. All items on the agenda were approved with a clear majority.