Stevanato Group announces results of ordinary and extraordinary shareholders’ meeting
Stevanato Group S.p.A. (NYSE: STVN) has announced the results of its ordinary and extraordinary shareholders’ meeting held on May 23, 2025. The meeting addressed several key corporate governance and financial matters, with all proposed resolutions passing successfully.
The shareholders approved the Company’s financial statements for the fiscal year ending December 31, 2024, which reported net profits of €33,824,844.00. The financial statements were accompanied by reports from the Board of Directors, the external auditor PricewaterhouseCoopers S.p.A., and the Audit, Compensation, and Nominating and Corporate Governance Committees. The Sustainability Report for the same period was also acknowledged.
In terms of profit allocation, the shareholders resolved to allocate €106,617.00 to the legal reserve and distribute a cash dividend of €0.054 per outstanding Class A and ordinary share, net of treasury shares. The remaining profits were directed to an extraordinary reserve. The dividend is expected to be paid on July 17, 2025, with an ex-dividend date of June 5, 2025.
The meeting also approved the appointment of the Board of Directors, which consists of twelve members. The Board includes returning members such as Sergio Stevanato, Franco Stevanato, and Franco Moro, as well as newly appointed members Karen Flynn and Luciano Santel. The Board’s term will expire on the date of the shareholders’ meeting approving the fiscal year ending December 31, 2025.
The shareholders authorized an increase in the compensation for the members of the Board of Directors and the Audit Committee. The new compensation structure includes a fixed cash component and a share-based component, reflecting market standards and the increased responsibilities of the Board as a publicly traded company.
Additionally, the shareholders approved an increase in the audit fees for PricewaterhouseCoopers S.p.A., the Company’s external auditor. The increase, amounting to €255,000.00 (plus VAT), was justified by the complexity and resource demands of the audit and compliance activities, particularly those related to the Sarbanes-Oxley Act (SOX).
The meeting also granted the Board of Directors authorization to purchase and dispose of up to 1% of the Company’s shares and a maximum of 1,000,000 treasury shares. This authorization is valid until the shareholders’ meeting approving the fiscal year ending December 31, 2025.
These resolutions reflect the Company’s commitment to sound corporate governance and financial transparency, supporting its strategic objectives and long-term value creation for shareholders.
