Schmid Group shareholders approved amended compensation policy at AGM
SHMD•Annual meeting approvals
Schmid Group held its annual shareholder meeting on May 20, 2026.
Shareholders backed an extension for drafting the 2025 board report and annual accounts; an extraordinary meeting is planned to vote later.
An amended compensation policy was adopted.
Share issuance and incentive authorizations
A share incentive plan was adopted; the board was authorized to issue up to 2,500,000 shares per issuance for the plan.
Authority was granted to issue shares to settle claims: Christine Schmid up to 800,000; Anette Schmid up to 4,000,000; Christian Mathias Schmid up to 2,350,000.
Authority was granted to issue up to 2,000,000 shares to Schmid Grundstücke GmbH & Co KG to settle claims.
Convertible notes, warrants and share buybacks
The board was authorized to issue up to 11,400,000 shares for conversion of 7.0% Convertible Senior PIK Toggle Notes due 2028 tied to USD 22 million outstanding.
The board was authorized to issue up to 3,755,150 shares under warrant agreements at USD 8.01 per share, subject to adjustments.
The mandate to acquire own shares was renewed for 18 months.
General share-issuance authority was renewed for five years up to 20% of shares outstanding post the authorized issuances.
