Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor approved all agenda items as submitted at its 58th Annual General Meeting of Shareholders, including approval of financial statements, year-end dividend of KRW 2,500 per common share, amendments to the articles of incorporation, and director appointments.
📊 [Key Disclosure Content & Financial Highlights]
1. Financial Statements Approval (58th Fiscal Year, Unqualified Audit Opinion for Consolidated & Separate)
- Consolidated Financials: Revenue KRW 186,254,472M (KRW 186.25T), Operating Profit KRW 11,467,851M (KRW 11.47T), Net Profit KRW 10,364,775M (KRW 10.36T), Total Assets KRW 368.84T, Total Equity KRW 127.65T
- Separate Financials: Revenue KRW 78,766,791M (KRW 78.77T), Operating Profit KRW 3,515,052M (KRW 3.52T), Net Profit KRW 4,054,878M (KRW 4.05T)
2. Dividend Approval Details
- Common Stock: Year-end dividend of KRW 2,500 per share (Dividend yield 1.9% including interim/quarterly dividends)
- Preferred Stock (Based on 2nd Preferred): Year-end dividend of KRW 2,600 per share (Dividend yield 3.5% including interim/quarterly dividends)
- Other Preferred Shares: 1st Preferred (Year-end KRW 2,550 / Yield 3.5%), 3rd Preferred (Year-end KRW 2,550 / Yield 3.7%)
- Total Dividend Amount: KRW 2,618,263,000,000 (KRW 2.62T)
3. Voting Results on Key Agenda Items
- Item 1 (Ordinary): Approval of 58th Fiscal Year Financial Statements (Approved / Approval rate 98.8%)
- Item 2 Series (Special – Articles Amendments): Approved all sub-items including addition of business purpose, removal of cumulative voting exclusion (introducing cumulative voting), expansion of director’s duty of loyalty, expansion of separate election for Audit Committee members, establishment of ground rules for electronic shareholder meetings, and title change to independent directors.
- Item 3 Series (Ordinary – Directors Appointment): Approved appointments of Outside Director Yun-Hee Choi (Reappointed), Inside Directors Jose Muñoz (Reappointed), Seung-Jo Lee (Reappointed), and Young-Il Choi (Newly Appointed).
- Item 4 (Ordinary – Audit Committee Member Appointment): Approved appointment of Seung-Hwa Chang as Audit Committee Member who is an Outside Director (Reappointed).
- Items 5 & 6 (Ordinary): Approved Director Remuneration Limit and Treasury Share Retention/Disposal Plan.
4. Detailed Business Purpose Amendments & Post-Meeting Governance Status
- Business Purpose Amendment: Business purpose amended to include car rental business under automotive management business to consider entry into the car rental market.
- Board Composition: Total 12 directors including 7 Outside Directors (58.3% Outside Director ratio).
- Audit Committee Members (Outside Directors): 3 members elected jointly, 2 members elected separately.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Official Reflection of Shareholder Meeting Resolutions
Because this disclosure reports the voting outcome of the Annual General Meeting, it is necessary to check the formal reflection of approved items including financial figures, dividend execution, and amended articles of incorporation. Verifying the execution of these resolutions is essential to understanding the official completion of corporate governance updates and business scope changes. Relevant details can be verified in upcoming Periodic Reports (Annual, Half-Yearly, Quarterly Reports) or subsequent official disclosures.
📢 Disclaimer & Source Notice
Source: This content has been structured and newly drafted based on official data submitted to the Financial Supervisory Service’s DART system.
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