A total of 452,885,313 shares (75.23%) of the share capital carrying voting rights was represented at the 88th Annual General Meeting of BMW AG held on 8 May 2008 in Munich (total number of shares of common stock: 601,995,196). The results of the voting on items 2 to 8 of the agenda were as follows: Agenda item 2: Resolution on the utilisation of unappropriated profit of BMW AG.
The proposal of the Board of Management and the Supervisory Board that the unappropriated profit for the financial year 2007 amounting to euro 693,773,633.32 be utilised to pay a dividend of euro 1.06 for each share of common stock entitled to receive a dividend and to pay a dividend of euro 1.08 for each share of preferred stock entitled to receive a dividend and to carry forward an amount of euro 496,800 which remains after deduction of the amount of euro 693,276,833.32 paid out as dividend, was carried by
- 399,944,284 votes for (88.33%)
- 52,827,048 votes against
- 55,169 abstentions.
Agenda item 3: Ratification of the acts of the Board of Management.
The proposal of the Board of Management and the Supervisory Board that the acts of the members of the Board of Management of BMW AG be ratified was carried by
- 452,112,903 votes for (99.87%)
- 583,315 votes against
- 130,598 abstentions.
Agenda item 4: Ratification of the acts of the Supervisory Board.
The proposal of the Board of Management and the Supervisory Board that the acts of the members of the Supervisory Board of BMW AG be ratified was carried by
- 271,568,090 votes for (99.79%)
- 583,694 votes against
- 132,952 abstentions*.
*) Shareholders who are members of the Supervisory Board of BMW AG were not entitled to vote on this resolution.
Agenda item 5: Appointment of Company and Group auditors for the financial year 2008.
The proposal of the Supervisory Board that KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Munich, be appointed as Company and Group auditors for the financial year 2008 was carried by
- 449,389,781 votes for (99.30%)
- 3,152,096 votes against
- 283,945 abstentions.
Agenda item 6: Elections to the Supervisory Board.
The proposal of the Supervisory Board that Prof. Dr. Reinhard Hüttl, Dr. Karl-Ludwig Kley, Prof. Dr. Renate Köcher be elected as members of the Supervisory Board for a term of office up to the close of the Annual General Meeting 2013 was in each case adopted as follows
Prof. Dr. Reinhard Hüttl:
- 451,736,919 votes for (99.77%)
- 1,035,580 votes against
- 54,813 abstentions.
Dr. Karl-Ludwig Kley:
- 451,735,844 votes for (99.77%)
- 1,038,235 votes against
- 52,148 abstentions.
Prof. Dr. Renate Köcher:
- 451,725,523 votes for (99.77%)
- 1,048,910 votes against
- 52.759 abstentions
Agenda item 7: Resolution for a new authorisation to acquire treasury shares and to withdraw them from circulation.
The proposal of the Board of Management and the Supervisory Board to cancel the existing authorisation and to resolve on a new authorisation of the Company to acquire shares of common and/or non-voting preferred stock of the Company via the stock exchange, up to a maximum of 10% of the share capital in place at the date of the resolution, such new authorisation being valid until 6 November 2009, and the proposal to authorize the Board of Management to withdraw such shares from circulation without any requirement for a further resolution to be passed at the Annual General Meeting, was carried by
- 452,461,153 votes for (99.92%)
- 350,721, votes against
- 67,169 abstentions.
Agenda item 8: Resolution regarding the amendment to § 15 of the Articles of Incorporation (Remuneration of the Supervisory Board).
The proposal of the Board of Management and the Supervisory Board to amend § 15 of the Articles of Incorporation and reword it, was carried by
- 450,478,094 votes for (99.90%)
- 439,388 votes against
- 1,957,042 abstentions.
The proposal of the Board of Management and the Supervisory Board that the unappropriated profit for the financial year 2007 amounting to euro 693,773,633.32 be utilised to pay a dividend of euro 1.06 for each share of common stock entitled to receive a dividend and to pay a dividend of euro 1.08 for each share of preferred stock entitled to receive a dividend and to carry forward an amount of euro 496,800 which remains after deduction of the amount of euro 693,276,833.32 paid out as dividend, was carried by
- 399,944,284 votes for (88.33%)
- 52,827,048 votes against
- 55,169 abstentions.
Agenda item 3: Ratification of the acts of the Board of Management.
The proposal of the Board of Management and the Supervisory Board that the acts of the members of the Board of Management of BMW AG be ratified was carried by
- 452,112,903 votes for (99.87%)
- 583,315 votes against
- 130,598 abstentions.
Agenda item 4: Ratification of the acts of the Supervisory Board.
The proposal of the Board of Management and the Supervisory Board that the acts of the members of the Supervisory Board of BMW AG be ratified was carried by
- 271,568,090 votes for (99.79%)
- 583,694 votes against
- 132,952 abstentions*.
*) Shareholders who are members of the Supervisory Board of BMW AG were not entitled to vote on this resolution.
Agenda item 5: Appointment of Company and Group auditors for the financial year 2008.
The proposal of the Supervisory Board that KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Munich, be appointed as Company and Group auditors for the financial year 2008 was carried by
- 449,389,781 votes for (99.30%)
- 3,152,096 votes against
- 283,945 abstentions.
Agenda item 6: Elections to the Supervisory Board.
The proposal of the Supervisory Board that Prof. Dr. Reinhard Hüttl, Dr. Karl-Ludwig Kley, Prof. Dr. Renate Köcher be elected as members of the Supervisory Board for a term of office up to the close of the Annual General Meeting 2013 was in each case adopted as follows
Prof. Dr. Reinhard Hüttl:
- 451,736,919 votes for (99.77%)
- 1,035,580 votes against
- 54,813 abstentions.
Dr. Karl-Ludwig Kley:
- 451,735,844 votes for (99.77%)
- 1,038,235 votes against
- 52,148 abstentions.
Prof. Dr. Renate Köcher:
- 451,725,523 votes for (99.77%)
- 1,048,910 votes against
- 52.759 abstentions
Agenda item 7: Resolution for a new authorisation to acquire treasury shares and to withdraw them from circulation.
The proposal of the Board of Management and the Supervisory Board to cancel the existing authorisation and to resolve on a new authorisation of the Company to acquire shares of common and/or non-voting preferred stock of the Company via the stock exchange, up to a maximum of 10% of the share capital in place at the date of the resolution, such new authorisation being valid until 6 November 2009, and the proposal to authorize the Board of Management to withdraw such shares from circulation without any requirement for a further resolution to be passed at the Annual General Meeting, was carried by
- 452,461,153 votes for (99.92%)
- 350,721, votes against
- 67,169 abstentions.
Agenda item 8: Resolution regarding the amendment to § 15 of the Articles of Incorporation (Remuneration of the Supervisory Board).
The proposal of the Board of Management and the Supervisory Board to amend § 15 of the Articles of Incorporation and reword it, was carried by
- 450,478,094 votes for (99.90%)
- 439,388 votes against
- 1,957,042 abstentions.
