march222024
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATEISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2024
Commission File Number 001-16429
ABB Ltd
(Translation of registrant's name into English)
Affolternstrasse 44, CH-8050, Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whetherthe registrant files or will fileannual reports under cover of Form 20-For Form 40-F.
Form 20-F
☒
Form 40-F
☐
Indicate by check mark if the registrantis submitting the Form 6-K in paperas permitted by Regulation S-T Rule101(b)(1):
☐
Note:
Regulation S-T Rule 101(b)(1) onlypermits the submission in paper ofa Form 6-K if submitted solely to providean attached
annual report to security holders.
Indication by check mark if the registrantis submitting the Form 6-K in paperas permitted by Regulation S-T Rule101(b)(7):
☐
Note:
Regulation S-T Rule 101(b)(7) onlypermits the submission in paper ofa Form 6-K if submitted to furnish areport or other
document that the registrant foreignprivate issuer must furnishand make public under the lawsof the jurisdiction in which the
registrant is incorporated, domiciledor legally organized (the registrant's "home country"), orunder the rules of the home country
exchange on which the registrant's securities are traded,as long as the report or other documentis not a press release, is not required
to be and has not been distributed tothe registrant's security holders, and, if discussinga material event, has already beenthe subject
of a Form 6-K submission or other Commissionfiling on EDGAR.
Indicate by check mark whetherthe registrant by furnishing theinformation contained in this Form isalso thereby furnishing the
information to the Commission pursuantto Rule 12g3-2(b) under the SecuritiesExchange Act of 1934.
Yes
☐
No
☒
If "Yes" is marked, indicate below the file number assigned to theregistrant in connection with Rule 12g3-2(b):82-
This Form 6-K consists of the following:
1.
Agenda and resolutions from the ABB Ltd AnnualGeneral Meeting of Shareholdersheld on March 21, 2024.
2.
Press release issued by ABB Ltd dated March21, 2024, titled "ABB shareholdersapprove all proposals at 2024Annual
General Meeting".
3.
Press release issued by ABB Ltd dated March21, 2024, titled "ABB plans tolaunch new share buyback of up to
$1 billion following completion of2023-2024program".
2
ABB Ltd
TRAKTANDEN UND BESCHLÜSSE
AGENDA AND RESOLUTIONS
der ordentlichen Generalversammlung der Aktionärinnen und Aktionäre
from the Annual General Meeting of Shareholders
vom 21. März 2024, 10:00-11:30 Uhr
held on March 21, 2024, 10:00 a.m.-11:30 a.m.
in der Halle 550, Zürich Oerlikon, Schweiz
at Halle 550, Zurich Oerlikon, Switzerland
___________________________________________________________________________
1.Genehmigung des Lageberichts, der Konzernrechnung und der Jahresrechnung 2023
1.Approval of the management report, the consolidated financialstatements and the annualfinancial
statements for 2023
DieGeneralversammlunggenehmigtdenLagebericht,dieKonzernrechnungunddie
Jahresrechnung 2023.
TheAnnualGeneral Meetingapprovesthemanagement report,theconsolidated financialstatements and
the annual financial statements for 2023.
Vertretene Stimmen:
Votesrepresented:
1'085'339'116
Mehrheit:
Majority:
542'669'559
99.81 %
Ja /
Yes
1'083'261'483
Stimmen /
votes
0.01 %
Nein /
No
146'783
Stimmen /
votes
0.18 %
Enthaltung /
Abstention
1'930'850
Stimmen /
votes
ABB Ltd, Annual General Meeting2024/Short Minutes
-
2/11 -
2.Konsultativabstimmung über den Vergütungsbericht 2023
2.Consultative vote on the CompensationReport 2023
DieGeneralversammlungstimmtdemVergütungsbericht2023zu(unverbindliche
Konsultativabstimmung).
The Annual General Meeting acceptsthe Compensation Report 2023 (non-bindingconsultative vote).
Vertretene Stimmen:
Votesrepresented:
1'085'335'066
Mehrheit:
Majority:
542'667'534
90.48 %
Ja /
Yes
981'982'860
Stimmen /
votes
9.20 %
Nein /
No
99'832'810
Stimmen /
votes
0.32 %
Enthaltung /
Abstention
3'519'396
Stimmen /
votes
3.Konsultativabstimmung über den Sustainability Report 2023
3.Consultative vote on the SustainabilityReport 2023
DieGeneralversammlungstimmtdemSustainabilityReport2023zu(unverbindliche
Konsultativabstimmung).
The Annual General Meeting acceptsthe Sustainability Report 2023 (non-bindingconsultative vote).
Vertretene Stimmen:
Votesrepresented:
1'085'341'066
Mehrheit:
Majority:
542'670'534
99.32 %
Ja /
Yes
1'077'905'242
Stimmen /
votes
0.19 %
Nein /
No
2'068'138
Stimmen /
votes
0.49 %
Enthaltung /
Abstention
5'367'686
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 3/11 -
4.Entlastung des Verwaltungsrates und der mit der Geschäftsführung betrauten Personen
4.Discharge of the Board of Directors and the persons entrusted with management
DieGeneralversammlungerteiltdenMitgliederndesVerwaltungsratesunddenmitder
Geschäftsführung betrauten Personen Entlastung für das Geschäftsjahr2023.
TheAnnualGeneralMeetinggrantsdischargeforfinancialyear2023tothemembersoftheBoardof
Directors and the persons entrusted with management.
Vertretene Stimmen:
Votesrepresented:
1'084'685'278
Mehrheit:
Majority:
542'342'640
98.68 %
Ja /
Yes
1'070'323'239
Stimmen /
votes
0.78 %
Nein /
No
8'452'619
Stimmen /
votes
0.54 %
Enthaltung /
Abstention
5'909'420
Stimmen /
votes
5.Verwendung des Bilanzgewinns
5.Appropriation of earnings
Die GeneralversammlungstimmtdemAntrag desVerwaltungsrateszu,ausdemzur Verfügung
stehendenBilanzgewinnvonCHF 3'982'369'258eineDividendevonCHF0.87bruttoje
Namenaktieauszuschütten(maximal CHF 1'637'342'240.25)unddenverbleibenden Betragdes
Bilanzgewinns auf neue Rechnung vorzutragen.
The AnnualGeneral Meeting approvesthe proposalof the Boardof Directors todistribute a dividendout
oftheearningsavailable(CHF 3,982,369,258)intheamountofCHF0.87grossperregisteredshare
(maximumtotalamountCHF 1,637,342,240.25)andtocarryforwardtheremainingamountofthe
available earnings to the new account.
Vertretene Stimmen:
Votesrepresented:
1'085'339'756
Mehrheit:
Majority:
542'669'879
99.81 %
Ja /
Yes
1'083'272'307
Stimmen /
votes
0.05 %
Nein /
No
551'748
Stimmen /
votes
0.14 %
Enthaltung /
Abstention
1'515'701
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 4/11 -
6.Genehmigung der Vergütung des Verwaltungsratesund der Geschäftsleitung
6.Approval of the compensation of the Board of Directors and the ExecutiveCommittee
6.1.Genehmigung des maximalen Gesamtbetragsder Vergütung des Verwaltungsrates für die
kommende Amtsdauer, d. h. von der Generalversammlung 2024 bis zur
Generalversammlung 2025
6.1.Approval of the maximum aggregate amount of compensationof the Board of Directors for the next term of
office, i. e. from the Annual General Meeting 2024to the Annual General Meeting2025
Die Generalversammlung genehmigt gemäss Antrag des Verwaltungsrates
The Annual General Meeting approves as proposed by the Board of Directors
den maximalen Gesamtbetrag der Vergütung des Verwaltungsrates für die Zeitspanne von der
Generalversammlung 2024 bis zur Generalversammlung 2025 im Betrag vonCHF 4'400'000.
themaximum aggregateamount ofcompensation oftheBoard ofDirectors coveringtheperiod fromthe
Annual General
Meeting
2024 to the Annual General Meeting2025 in the amount of CHF 4,400,000.
Vertretene Stimmen:
Votesrepresented:
1'085'334'810
Mehrheit:
Majority:
542'667'406
98.60 %
Ja /
Yes
1'070'120'842
Stimmen /
votes
1.09 %
Nein /
No
11'789'023
Stimmen /
votes
0.31 %
Enthaltung /
Abstention
3'424'945
Stimmen /
votes
6.2.Genehmigung des maximalen Gesamtbetragsder Vergütung der Geschäftsleitung für das
folgende Geschäftsjahr, d. h. 2025
6.2.Approval of the maximum aggregate amount of compensationof the Executive Committee forthe following
financial year, i. e. 2025
Die Generalversammlung genehmigt gemäss Antrag des Verwaltungsrates
The Annual General Meeting approves as proposed by the Board of Directors
den maximalen Gesamtbetrag der Vergütung der Geschäftsleitung für das Geschäftsjahr 2025 im
Betrag von CHF 45'900'000.
the maximum aggregate amount of compensation of the Executive Committee for the financial year 2025 in
the amount of CHF 45,900,000.
Vertretene Stimmen:
Votesrepresented:
1'085'337'932
Mehrheit:
Majority:
542'668'967
93.58 %
Ja /
Yes
1'015'665'035
Stimmen /
votes
6.10 %
Nein /
No
66'161'607
Stimmen /
votes
0.32 %
Enthaltung /
Abstention
3'511'290
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 5/11 -
7.Wahlen in den Verwaltungsratund Wahl des Präsidenten des Verwaltungsrates
7.Elections to the Board of Directors and election of the Chairmanof the Board of Directors
Die Generalversammlungwählt gemässAntrag des Verwaltungsrates folgendeMitglieder inden
Verwaltungsratfür eine Amtsdauer bis zumAbschluss der Generalversammlung 2025:
The Annual General Meeting electsas proposed by the Board of Directors the following persons to the
Board of Directors for a term of office until completion of theAnnual General Meeting 2025:
●
David Constable,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
99.55 %
Ja /
Yes
1'080'411'483
Stimmen /
votes
0.29 %
Nein /
No
3'184'984
Stimmen /
votes
0.16 %
Enthaltung /
Abstention
1'739'775
Stimmen /
votes
●
Frederico Fleury Curado, als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
99.43 %
Ja /
Yes
1'079'083'862
Stimmen /
votes
0.41 %
Nein /
No
4'491'889
Stimmen /
votes
0.16 %
Enthaltung /
Abstention
1'760'491
Stimmen /
votes
●
Lars Förberg,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
98.67 %
Ja /
Yes
1'070'903'053
Stimmen /
votes
1.17 %
Nein /
No
12'716'204
Stimmen /
votes
0.16 %
Enthaltung /
Abstention
1'716'985
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 6/11 -
●
Johan Forssell,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
90.03 %
Ja /
Yes
977'113'121
Stimmen /
votes
9.79 %
Nein /
No
106'273'087
Stimmen /
votes
0.18 %
Enthaltung /
Abstention
1'950'034
Stimmen /
votes
●
Denise Johnson, als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
99.69 %
Ja /
Yes
1'081'995'120
Stimmen /
votes
0.15 %
Nein /
No
1'639'026
Stimmen /
votes
0.16 %
Enthaltung /
Abstention
1'702'096
Stimmen /
votes
●
Jennifer Xin-Zhe Li, als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
98.61 %
Ja /
Yes
1'070'238'168
Stimmen /
votes
1.22 %
Nein /
No
13'205'915
Stimmen /
votes
0.17 %
Enthaltung /
Abstention
1'892'159
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 7/11 -
●
Geraldine Matchett,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
99.66 %
Ja /
Yes
1'081'676'549
Stimmen /
votes
0.17 %
Nein /
No
1'834'723
Stimmen /
votes
0.17 %
Enthaltung /
Abstention
1'824'970
Stimmen /
votes
●
David Meline,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
99.61 %
Ja /
Yes
1'081'105'170
Stimmen /
votes
0.22 %
Nein /
No
2'333'975
Stimmen /
votes
0.17 %
Enthaltung /
Abstention
1'897'097
Stimmen /
votes
●
Mats Rahmström,als Mitglied / as Director
Vertretene Stimmen:
Votesrepresented:
1'085'336'242
Mehrheit:
Majority:
542'668'122
92.06 %
Ja /
Yes
999'193'238
Stimmen /
votes
7.75 %
Nein /
No
84'120'860
Stimmen /
votes
0.19 %
Enthaltung /
Abstention
2'022'144
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 8/11 -
●
Peter Voser,als Mitglied und Präsident / as Director and Chairman
Vertretene Stimmen:
Votesrepresented:
1'085'335'966
Mehrheit:
Majority:
542'667'984
91.75 %
Ja /
Yes
995'852'822
Stimmen /
votes
7.71 %
Nein /
No
83'630'385
Stimmen /
votes
0.54 %
Enthaltung /
Abstention
5'852'759
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 9/11 -
8.Wahlen in den Vergütungsausschuss
8.Elections to the Compensation Committee
DieGeneralversammlungwähltgemässAntragdesVerwaltungsratesfolgendeMitgliederdes
VerwaltungsratesindenVergütungsausschussfüreineAmtsdauerbiszumAbschlussder
Generalversammlung 2025:
The Annual General Meeting elects asproposed by the Board of Directors the following members of the
Board of Directors to the Compensation Committee for aterm of office until completion of theAnnual
General Meeting 2025:
●
David Constable
Vertretene Stimmen:
Votesrepresented:
1'085'333'963
Mehrheit:
Majority:
542'666'982
99.13 %
Ja /
Yes
1'075'943'553
Stimmen /
votes
0.67 %
Nein /
No
7'262'466
Stimmen /
votes
0.20 %
Enthaltung /
Abstention
2'127'944
Stimmen /
votes
●
Frederico Fleury Curado
Vertretene Stimmen:
Votesrepresented:
1'085'333'963
Mehrheit:
Majority:
542'666'982
97.48 %
Ja /
Yes
1'058'023'527
Stimmen /
votes
2.32 %
Nein /
No
25'178'052
Stimmen /
votes
0.20 %
Enthaltung /
Abstention
2'132'384
Stimmen /
votes
●
Jennifer Xin-Zhe Li
Vertretene Stimmen:
Votesrepresented:
1'085'333'963
Mehrheit:
Majority:
542'666'982
98.46 %
Ja /
Yes
1'068'575'371
Stimmen /
votes
1.34 %
Nein /
No
14'549'629
Stimmen /
votes
0.20 %
Enthaltung /
Abstention
2'208'963
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 10/11 -
9.Wahl derunabhängigen Stimmrechtsvertreterin
9.Election of the independent proxy
Die Generalversammlung wählt gemäss Antrag des Verwaltungsrates für eine Amtsdauer bis zum
Abschluss der ordentlichen Generalversammlung 2025:
The Annual General Meeting elects asproposed by the Board of Directors for a term of office until
completion of the Annual General Meeting2025:
●
Zehnder Bolliger & Partner,Advokatur & Notariat, Bahnhofplatz 1, 5400 Baden,
Schweiz
als unabhängige Stimmrechtsvertreterin.
as independent proxy.
Vertretene Stimmen:
Votesrepresented:
1'085'333'963
Mehrheit:
Majority:
542'666'982
98.15 %
Ja /
Yes
1'065'316'559
Stimmen /
votes
1.73 %
Nein /
No
18'731'277
Stimmen /
votes
0.12 %
Enthaltung /
Abstention
1'286'127
Stimmen /
votes
10.Wahl der Revisionsstelle
10.Election of the auditors
DieGeneralversammlungwähltgemässAntragdesVerwaltungsratesKPMGAG,Zürich,als
Revisionsstelle für das Geschäftsjahr 2024.
The Annual General Meeting electsas proposed by the Board of Directors KPMG AG, Zurich, as the
auditors for financial year 2024.
Vertretene Stimmen:
Votesrepresented:
1'085'331'703
Mehrheit:
Majority:
542'665'852
99.41 %
Ja /
Yes
1'078'957'998
Stimmen /
votes
0.42 %
Nein /
No
4'533'084
Stimmen /
votes
0.17 %
Enthaltung /
Abstention
1'840'621
Stimmen /
votes
ABB AGM 2024 Short Minutes
- 11/11 -
Zürich, 21. März 2024
Für das Protokoll:
For the minutes:
/s/ Peter Voser
/s/ Natalia Shehadeh
Peter Voser
Natalia Shehadeh
Präsident des Verwaltungsrates
Chairman of the Board of Directors
Leiterin der Konzernrechtsabteilung und
Sekretärin des Verwaltungsrates
ad interim
General Counsel and
Secretary to the Board of Directors
ad interim
ABB AGM 2024 Short Minutes
-
ZURICH, SWITZERLAND,MARCH 2
1
, 202
4
ABB shareholders approve all
proposals at 2024 Annual General
Meeting
ABB shareholders have approvedall the proposals of thecompany's Board of Directors at its 2024Annual
General Meeting, which was heldin Zurich, Switzerland, today. A total of 623 shareholdersattended the
meeting who, together with the independentproxy, represented 57.7 percent of the total share capital witha
right to vote.
The shareholders supported the proposeddistribution of an increaseddividend of CHF 0.87 per share.The
dividend payment in Switzerlandis planned for March 27, 2024. Theshareholders also approvedthe
management report, the consolidatedfinancial statements and the annualfinancial statements for 2023.
Furthermore, the shareholders granteddischarge to the Boardof Directors and the personsentrusted with
management for the financialyear 2023.
Peter Voser was confirmed as Chairman of the company'sBoard of Directors. Johan Forsselland Mats
Rahmström were elected as newmembers to the Boardwhile Jacob Wallenberg and GunnarBrock did not
stand for re-election as announcedpreviously. All other members of the Board were re-elected foranother
term: David Constable, FredericoFleury Curado, Lars Förberg, DeniseC. Johnson, Jennifer Xin-Zhe Li,
Geraldine Matchett and DavidMeline.
In addition, shareholders approvedthe maximum aggregate amountof compensation of the Boardof
Directors for the 2024-2025 term ofoffice and of the Executive Committeefor the 2025 financial year. In a
non-binding consultative vote, the shareholdersvoted in favor of the compensationreport and of the
sustainability report for 2023, the lattersubmitted to a shareholders'vote for the first time as required by the
revised Swiss Code of Obligations.
The final results of the AnnualGeneral Meeting are availableon go.abb/agm. ABB will be reporting itsfirst
quarter results on April 18, 2024.
ABB
is a technology leader in electrificationand automation, enablinga more sustainable and resource-
efficient future. The company's solutions connectengineering know-howand software to optimize how things
are manufactured, moved, poweredand operated. Buildingon over 140 years of excellence, ABB's more
than 105,000 employees are committedto driving innovations that accelerateindustrial transformation.
www.abb.com
-
For more information pleasecontact:
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
1/1
-
ZURICH, SWITZERLAND,MARCH 2
1
, 202
4
ABB plans to launch new share
buyback of up to $1 billion following
completion of 2023-2024 program
ABB has completed its share buybackprogram that was launchedin April 2023. Through this buyback
program, ABB repurchased a totalof 21,387,687 shares - equivalentto 1.09 percent of its issued share
capital at launch of the buyback program- for a total amount of approximately$0.83 billion over the past
12 months.
ABB's Board of Directors intends to usethe capital band approvedat the 2023 Annual General Meeting to
cancel all shares repurchasedunder the 2023-2024 share buybackprogram.
Consistent with ABB's capital allocationprinciples, the Board of Directorstoday approved a new share
buyback program for capital reductionpurposes of up to $1 billion.The new program is expected to be
launched in early April 2024.It will be executed on a second tradingline on the SIX Swiss Exchangeand is
planned to run until January 31, 2025.The company has decidedto adjust the timing of its share buyback
cycle to align with the announcementof its Q4 2024 results and 2024dividend proposal.
ABB intends to also use the capitalband for the cancellationof the shares repurchased underthis new
program.
In addition, ABB intends to purchase upto 10 million shares by the end ofJanuary 2025 mainly for use in
connection with its employee shareplans. The purchaseswill be made at the market priceon the ordinary
trading line on the SIX Swiss Exchange.
ABB currently owns approximately47 million treasury shares,including 21 millionshares repurchased for
cancellation purposes.
ABB
is a technology leader in electrificationand automation, enablinga more sustainable and resource-
efficient future. The company's solutions connectengineering know-howand software to optimize how
things are manufactured, moved, poweredand operated. Buildingon over 140 years of excellence, ABB's
more than 105,000 employees arecommitted to driving innovationsthat accelerate industrial
transformation. www.abb.com
Important notice aboutforward-looking information
This press release includesforward-looking informationand statements concerningthe share buyback program.These
statements are based oncurrent expectations,estimates and projectionsabout the factorsthat may affect our future
performance, and are generallyidentifiable by statementscontaining words suchas "intends", "expects,""plans", or
similar expressions. However, thereare many risks anduncertainties, many ofwhich are beyondour control, that could
affect our ability to achieveany or all of our statedtargets. Factors thatcould cause such differencesinclude, among
others, business risks associatedwith the volatileglobal economic environmentand political conditions,changes in
1/2
governmental regulationsand currency exchangerates and such otherfactors as may be discussedfrom time to time
in ABB Ltd's filings withthe U.S. Securities andExchange Commission,including its Annual Reportson Form 20-F.
Although ABB Ltd believesthat its expectationsreflected in any suchforward-looking statementare based upon
reasonable assumptions,it can give no assurancethat those expectationswill be achieved.
-
For more information pleasecontact:
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
ABB PLANS TO LAUNCHNEW SHARE BUYBACKOF UP TO $1 BILLION FOLLOWINGCOMPLETION OF
2023-2024PROGRAM
2/2
SIGNATURES
Pursuant to the requirements of the SecuritiesExchange Act of 1934, the registranthas duly caused this report to be signedon its
behalf by the undersigned, thereunto dulyauthorized.
ABB LTD
Date: March 22, 2024.
By:
/s/ Ann-Sofie Nordh
Name:
Ann-Sofie Nordh
Title:
Group Senior Vice President and
Head of Investor Relations
Date: March 22, 2024.
By:
/s/ Richard A. Brown
Name:
Richard A. Brown
Title:
Group Senior Vice President and
Chief Counsel Corporate & Finance
Attachments
Disclaimer
ABB Ltd. published this content on 22 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2024 13:09:15 UTC.