Business Context and Reporting Period
This Form 6-K filing by UBS Group AG and UBS AG, dated April 1, 2019, announces the agenda for the Annual General Meeting (AGM) scheduled for May 2, 2019, in Basel, Switzerland. The filing focuses on corporate governance matters, including board elections and the proposed appropriation of profits for the financial year 2018.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the 2018 financial year. The only financial metric disclosed is the proposed dividend:
- Proposed Ordinary Dividend: CHF 0.70 per share for the financial year 2018.
- Dividend Increase: 8% compared to the previous year.
Material Changes Versus Prior Period
The primary material change highlighted is the 8% increase in the proposed ordinary dividend for 2018 compared to the prior year. Additionally, there are changes to the composition of the Board of Directors:
- Departures: Ann F. Godbehere and Michel Demaré will not stand for re-election after 10 years of service.
- New Nominations: Jeanette Wong and William C. Dudley are nominated for election to the Board of Directors.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, revenue outlook, or management commentary regarding future financial performance. The document serves strictly as a notice of the AGM agenda, which includes:
- Approval of the 2018 management report and financial statements.
- An advisory vote on the 2018 Compensation Report.
- Re-election of current board members and election of new members.
- Approval of compensation limits for the Board and Group Executive Board for 2019 and 2020.
- Re-election of auditors (Ernst & Young Ltd) and the independent proxy.
Investor Verification Checklist
- Verify the final approval of the CHF 0.70 dividend at the May 2, 2019 AGM.
- Confirm the successful election of new board members Jeanette Wong and William C. Dudley.
- Review the full 2018 consolidated financial statements and management report referenced in the AGM agenda for detailed revenue and profit data.
- Check the outcome of the advisory vote on the 2018 Compensation Report.