Legal11 bit studios
Resolutions Adopted by the Ordinary General Meeting — 11 bit studios S.A. (June 2013)
20 Jun 201312 pages~12 min full read
11 bit studios S.A. reported a net profit of 1,344,700.33 PLN for the 2012 fiscal year, with total assets valued at 7,336,527.82 PLN as of December 31, 2012.
Shareholders voted to allocate the entire 2012 net profit of 1,344,700.33 PLN to the company’s reserve capital rather than distributing it as dividends.
The Ordinary General Meeting formally granted discharge to the Management Board, including President Grzegorz Miechowski, and the Supervisory Board for their performance during the 2012 financial year.
The Supervisory Board was restructured to a five-member body consisting of Martin John Balawajder (Chairman), Piotr Sulima, Szymon Kowalczyk, Radosław Marter, and Agnieszka Maria Kruz.
Annual remuneration for the new Supervisory Board was set at 3,000 PLN for the Chairman and 1,500 PLN for each of the four other members, payable within 30 days of the fiscal year-end.
The Ordinary General Meeting of Shareholders for 11 bit studios S.A., held on June 20, 2013, in Warsaw, resulted in the adoption of twenty-three resolutions governing the company’s financial oversight and corporate governance. The primary purpose of the meeting was to approve the financial results for the 2012 fiscal year, discharge company leadership from their duties, and restructure the Supervisory Board.
Financial disclosures for the period ending December 31, 2012, reveal that the company achieved a net profit of 1,344,700.33 PLN, with total assets valued at 7,336,527.82 PLN. Shareholders voted to allocate the entirety of the 2012 net profit to the company’s reserve capital. Following the review of the Management Board's activity report and the auditor's opinion, the assembly granted discharge to all members of the Management Board, including President Grzegorz Miechowski, and the sitting members of the Supervisory Board for their performance during the 2012 financial year.
The meeting also established a new composition for the Supervisory Board, fixing the number of members at five. Through secret ballots, Martin John Balawajder, Piotr Sulima, Szymon Kowalczyk, Radosław Marter, and Agnieszka Maria Kruz were appointed to the board, with Martin John Balawajder selected as Chairman. Furthermore, the assembly set the annual remuneration for the Chairman at 3,000 PLN and for other board members at 1,500 PLN, payable within 30 days of the close of the fiscal year. These resolutions were enacted in accordance with the Polish Commercial Companies Code and the company’s internal statutes.
