Ferrari Announces Successful Annual General Meeting Results in Amsterdam
Maranello (Italy), 17 April 2024 - In a noteworthy display of shareholder support, Ferrari N.V. (Ferrari or the Company) (NYSE/EXM: RACE) has announced today that all resolutions proposed at its Annual General Meeting of Shareholders (AGM) held in Amsterdam, the Netherlands, have been overwhelmingly passed. This significant achievement reinforces Ferrari’s steadfast commitment to its stakeholders and highlights the Company’s successful performance and future prospects.
The AGM, a significant event in Ferrari’s corporate calendar, serves as an essential platform for shareholders to exercise their voting rights and voice their opinions on the Company’s strategic direction. Ferrari’s shareholders, known for their loyalty and long-standing investment in the iconic luxury sports car brand, actively participated in the decision-making process, underscoring their unwavering confidence in the company’s leadership.
During the AGM, a range of crucial matters were discussed, including the ratification of the financial statements for the fiscal year ending 31 December 2023 and the approval of the dividend proposed by the Board of Directors. Shareholders also deliberated on the appointment and renewal of the Company’s Directors and the election of an Audit Firm, further solidifying Ferrari’s governance structure and maintaining rigorous oversight over key operations.
The voting results revealed resounding support for each resolution, showcasing Ferrari’s ability to garner unity among its shareholders and fostering a harmonious relationship between the company and its investment community.
John Elkann, Chairman of Ferrari, expressed his gratitude for the participation and trust shown by shareholders, stating, We are incredibly proud of the strong confidence that our shareholders have demonstrated in Ferrari today. Their resounding support is a testament to our unwavering commitment to excellence, innovation, and long-term sustainability.
Ferrari’s ongoing success can be attributed to its relentless pursuit of excellence, technological prowess, and rich motorsport heritage. The Company has consistently delivered exceptional financial results, reinforcing its position as a global leader in the luxury car market. Ferrari’s strong financial performance, combined with its commitment to sustainable practices and continuous innovation, has cultivated a loyal customer base and has also attracted astute investors seeking stable, long-term returns.
As the iconic Italian manufacturer continues to push the boundaries of automotive engineering and design, the positive AGM results will undoubtedly further propel Ferrari’s growth trajectory. The Company remains dedicated to providing shareholders with a prosperous future, rooted in exciting product launches, breakthrough technologies, and expanding global markets.
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