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VILNIUS - Lithuanian energy company AB "Ignitis grupė" announced today that its General Meeting of Shareholders has elected nine members to the company’s Supervisory Board for a four-year term.
The newly elected board includes Alfonso Maximiliano Faubel Frauendorff, Aušra Vičkačkienė, Ingrida Muckutė, Lina Liubauskaitė, Lorraine Mary Wrafter, Sian Lloyd Rees, Timothy Guy Brooks, Jutta Maria Hildegard Dissen, and Judith Buss.
According to the resolution, the new board members will begin their duties upon registration of the company’s amended Articles of Association, which were approved at a previous shareholders’ meeting on May 7, 2025.
The shareholders also established the remuneration structure for board members, with independent members receiving €4,070 per month before tax, while civil servants will receive €3,390. The chairperson of the Supervisory Board, if an independent member, will receive €6,780 monthly.
Additional compensation includes €500 for activities in a board committee (limited to two committees) and €1,000 for committee chairs, excluding the Supervisory Board chairperson.
The meeting also approved terms for non-disclosure agreements and activity agreements for board members, authorizing the company’s CEO to sign these documents and register the new board with the Register of Legal Entities.
The information was disclosed in a press release statement from Ignitis grupė, which is headquartered in Vilnius, Lithuania.
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