# EDGAR Filing Document

**Accession Number:** 0001091587
**File Stem:** 0001104659-23-036466
**Filing Date:** 2023-3
**Character Count:** 36749
**Document Hash:** 2e2ef911cb4142387700166561c30795
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-036466.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001104659-23-036466

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230324

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABB LTD
- **CENTRAL INDEX KEY:** 0001091587
- **STANDARD INDUSTRIAL CLASSIFICATION:** SWITCHGEAR & SWITCHBOARD APPARATUS [3613]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16429
- **FILM NUMBER:** 23758656

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 8131
- **STREET 2:** CH 8050
- **CITY:** ZURICH SWITZERLAND
- **STATE:** V8
- **ZIP:** 999999999

# UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

# Form 6-K

# REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2023

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 whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒

Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indication by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐

No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-

This Form 6-K consists of the following:

1. Agenda and resolutions from the ABB Ltd Annual General Meeting of Shareholders held on March 23, 2023.
2. Press release issued by ABB Ltd dated March 23, 2023, titled “ABB shareholders approve all proposals at 2023 Annual General Meeting”.
3. Press release issued by ABB Ltd dated March 23, 2023, titled “ABB plans to launch new share buyback of up to $1 billion following completion of 2022-2023 program”.

2

# ABB Ltd

## TRAKTANDEN UND BESCHLÜSSE
AGENDA AND RESOLUTIONS

**der ordentlichen Generalversammlung der Aktionärinnen und Aktionäre**
*from the Annual General Meeting of Shareholders*

**vom 23. März 2023, 10:00-11:55 Uhr**
*held on March 23, 2023, 10:00 a.m.-11:55 a.m.*

**in der Halle 550, Zürich Oerlikon, Schweiz**
*at Halle 550, Zurich Oerlikon, Switzerland*

### 1. Genehmigung des Lageberichts, der Konzernrechnung und der Jahresrechnung 2022

1. *Approval of the management report, the consolidated financial statements and the annual financial statements for 2022*

Die Generalversammlung genehmigt den Lagebericht, die Konzernrechnung und die Jahresrechnung 2022.

*The Annual General Meeting approves the management report, the consolidated financial statements and the annual financial statements for 2022.*

Vertretene Stimmen: 1'206'409'738

*Votes represented:*

Absolutes Mehr: 603'204'870

*Absolute majority:*

| 98.75% | Ja / Yes | 1'191'393'340 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.10% | Nein / No | 1'310'810 | Stimmen / votes |
| 1.15% | Enthaltung / Abstention | 13'705'588 | Stimmen / votes |

ABB Ltd, Annual General Meeting 2023/Minutes

- 2/14 -

## 2. Konsultativabstimmung über den Vergütungsbericht 2022

### 2. Consultative vote on the Compensation Report 2022

Die Generalversammlung stimmt dem Vergütungsbericht 2022 zu (unverbindliche Konsultativabstimmung).

*The Annual General Meeting accepts the Compensation Report 2022 (non-binding consultative vote).*

Vertretene Stimmen: 1'206'409'538

*Votes represented:*

Absolutes Mehr: 603'204'770

*Absolute majority:*

| 91.46% | Ja / Yes | 1'103'406'317 | Stimmen / votes |
| --- | --- | --- | --- |
| 7.11% | Nein / No | 85'784'554 | Stimmen / votes |
| 1.43% | Enthaltung / Abstention | 17'218'667 | Stimmen / votes |

## 3. Entlastung des Verwaltungsrates und der mit der Geschäftsführung betrauten Personen

### 3. Discharge of the Board of Directors and the persons entrusted with management

Die Generalversammlung erteilt den Mitgliedern des Verwaltungsrates und den mit der Geschäftsführung betrauten Personen Entlastung für das Geschäftsjahr 2022.

*The Annual General Meeting grants discharge for financial year 2022 to the members of the Board of Directors and the persons entrusted with management.*

Vertretene Stimmen: 1'205'628'484

*Votes represented:*

Absolutes Mehr: 602'814'243

*Absolute majority:*

| 71.78% | Ja / Yes | 865'486'884 | Stimmen / votes |
| --- | --- | --- | --- |
| 26.82% | Nein / No | 323'451'941 | Stimmen / votes |
| 1.40% | Enthaltung / Abstention | 16'689'659 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 3/14 -

#### 4. Verwendung des Bilanzgewinns

##### 4. Appropriation of earnings

Die Generalversammlung stimmt dem Antrag des Verwaltungsrates zu, aus dem zur Verfügung stehenden Bilanzgewinn von CHF 7'852'197'874 eine Dividende von CHF 0.84 brutto je Namenaktie auszuschütten (maximal CHF 1'650'385'863) und den verbleibenden Betrag des Bilanzgewinns auf neue Rechnung vorzutragen.

*The Annual General Meeting approves the proposal of the Board of Directors to distribute a dividend out of the earnings available (CHF 7,852,197,874) in the amount of CHF 0.84 gross per registered share (maximum total amount CHF 1,650,385,863) and to carry forward the remaining amount of the available earnings to the new account.*

Vertretene Stimmen: 1'206'397'352

Votes represented:

Absolutes Mehr: 603'198'677

Absolute majority:

| 98.78% | Ja / Yes | 1'191'750'781 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.13% | Nein / No | 1'624'568 | Stimmen / votes |
| 1.09% | Enthaltung / Abstention | 13'022'003 | Stimmen / votes |

#### 5. Statutenänderungen

##### 5. Amendments to the Articles of Incorporation

Die Generalversammlung stimmt dem Antrag des Verwaltungsrates zu, die Statuten der Gesellschaft gemäss den im Schweizerischen Handelsamtsblatt vom 24. Februar 2023 und auf go.abb/agm publizierten Änderungsvorschlägen anzupassen.

*The Annual General Meeting approves the proposal of the Board of Directors that the Articles of Incorporation be amended pursuant to the proposed amendments published in the Swiss Official Gazette of Commerce on February 24, 2023, and on go.abb/agm.*

#### 5.1. Aktien und Kapitalstruktur

##### 5.1. Shares and Capital Structure

Vertretene Stimmen: 1'206'391'292

Votes represented:

Absolutes Mehr: 603'195'647

Absolute majority:

| 98.78% | Ja / Yes | 1'191'788'081 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.11% | Nein / No | 1'344'176 | Stimmen / votes |
| 1.11% | Enthaltung / Abstention | 13'259'035 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 4/14 -

## 5.2. Vinkulierung

### 5.2. Restrictions on Registration

Vertretene Stimmen: 1'206'387'992

Votes represented:

2/3-Mehr: 804'258'662

2/3 majority:

| 98.77% | Ja / Yes | 1'191'579'819 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.11% | Nein / No | 1'434'374 | Stimmen / votes |
| 1.12% | Enthaltung / Abstention | 13'373'799 | Stimmen / votes |

## 5.3. Generalversammlung

### 5.3. General Meeting of Shareholders

Vertretene Stimmen: 1'206'391'057

Votes represented:

Absolutes Mehr: 603'195'529

Absolute majority:

| 98.77% | Ja / Yes | 1'191'562'765 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.13% | Nein / No | 1'609'210 | Stimmen / votes |
| 1.10% | Enthaltung / Abstention | 13'219'082 | Stimmen / votes |

## 5.4. Virtuelle Generalversammlung

### 5.4. Virtual General Meeting of Shareholders

Vertretene Stimmen: 1'206'391'142

Votes represented:

Absolutes Mehr: 603'195'572

Absolute majority:

| 76.62% | Ja / Yes | 924'345'026 | Stimmen / votes |
| --- | --- | --- | --- |
| 21.90% | Nein / No | 264'210'552 | Stimmen / votes |
| 1.48% | Enthaltung / Abstention | 17'835'564 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 5/14 -

## 5.5. Verwaltungsrat und Vergütung

### 5.5. Board of Directors and Compensation

| Vertretene Stimmen: | 1'206'391'292 |  |  |
| --- | --- | --- | --- |
| Votes represented: |  |  |  |
| Absolutes Mehr: | 603'195'647 |  |  |
| Absolute majority: |  |  |  |
| 98.16% | Ja / Yes | 1'184'204'035 | Stimmen / votes |
| 0.66% | Nein / No | 8'071'867 | Stimmen / votes |
| 1.18% | Enthaltung / Abstention | 14'115'390 | Stimmen / votes |

## 6. Kapitalband

### 6. Capital Band

Die Generalversammlung genehmigt gemäss Antrag des Verwaltungsrates:

*The Annual General Meeting approves as proposed by the Board of Directors:*

- (a) die Einführung eines Kapitalbands zwischen CHF 212'192'469 (untere Grenze) und CHF 259'346'349 (obere Grenze), in dessen Rahmen der Verwaltungsrat ermächtigt ist, bis zum 23. März 2028, oder bis zu einem früheren Dahinfallen des Kapitalbands, das Aktienkapital einmal oder mehrmals und in beliebigen Beträgen zu erhöhen oder herabzusetzen oder Aktien direkt oder indirekt zu erwerben oder zu veräussern;
- (a) the introduction of a capital band ranging from CHF 212,192,469 (lower limit) to CHF 259,346,349 (upper limit), within which the Board of Directors shall be authorized to increase or reduce the share capital once or several times and in any amounts or to acquire or dispose of shares directly or indirectly, until March 23, 2028, or until an earlier expiry of the capital band;
- (b) die Anpassung der Statuten durch Änderung von Artikel 4ter und Einführung von Artikel 4quater mit folgendem Wortlaut:
- (b) the amendment of the Articles of Incorporation by revising Article 4ter and introducing Article 4quater with the following wording:

#### Artikel 4ter - Kapitalband

1 Die Gesellschaft verfügt über ein Kapitalband zwischen CHF 212'192'469 (untere Grenze) und CHF 259'346'349 (obere Grenze). Der Verwaltungsrat ist im Rahmen des Kapitalbands ermächtigt, bis zum 23. März 2028, oder bis zu einem früheren Dahinfallen des Kapitalbands, das Aktienkapital einmal oder mehrmals und in beliebigen Beträgen zu erhöhen oder herabzusetzen oder Aktien direkt oder indirekt zu erwerben oder zu veräussern. Die Kapitalerhöhung oder -herabsetzung kann durch Ausgabe von bis zu 196'474'500 voll zu liberierenden Namenaktien mit einem Nennwert von je CHF 0.12 bzw. Vernichtung von bis zu 196'474'500 Namenaktien mit einem Nennwert von je CHF 0.12 oder durch eine Erhöhung bzw. Herabsetzung der Nennwerte der bestehenden Namenaktien im Rahmen des Kapitalbands erfolgen.

#### Article 4ter - Capital Band

1 The Company has a capital band ranging from CHF 212,192,469 (lower limit) to CHF 259,346,349 (upper limit). The Board of Directors shall be authorized within the capital band to increase or reduce the share capital once or several times and in any amounts or to acquire or dispose of shares directly or indirectly, until March 23, 2028, or until an earlier expiry of the capital band. The capital increase or reduction may be effected by issuing up to 196,474,500 fully paid-in registered shares with a par value of CHF 0.12 each and cancelling up to 196,474,500 registered shares with a par value of CHF 0.12 each, as applicable, or by increasing or reducing the par value of the existing shares within the limits of the capital band.

ABB AGM 2023 Short Minutes

- 6/14 -

| 2 Im Falle einer Ausgabe von Aktien unterliegen Zeichnung und Erwerb sowie jede nachfolgende Übertragung der Aktien den Beschränkungen von Art. 5 dieser Statuten. 3 Bei einer Erhöhung des Aktienkapitals im Rahmen des Kapitalbands legt der Verwaltungsrat, soweit erforderlich, den Zeitpunkt der Ausgabe der neuen Aktien, deren Ausgabebetrag, die Art der Einlagen (einschliesslich Barliberierung, Sacheinlage, Verrechnung und Umwandlung von Reserven oder eines Gewinnvortrags in Aktienkapital), die Bedingungen der Bezugsrechtsausübung und den Beginn der Dividendenberechtigung fest. Dabei kann der Verwaltungsrat neue Aktien mittels Festübernahme durch eine Bank, ein Bankenkonsortium oder einen anderen Dritten und anschliessendem Angebot an die bisherigen Aktionäre oder an Dritte (sofern die Bezugsrechte der bisherigen Aktionäre aufgehoben sind oder nicht gültig ausgeübt werden) ausgeben. Der Verwaltungsrat ist ermächtigt, den Handel mit Bezugsrechten zu ermöglichen, zu beschränken oder auszuschliessen. Nicht gültig ausgeübt Bezugsrechte kann der Verwaltungsrat verfallen lassen, oder er kann diese bzw. Aktien, für welche Bezugsrechte eingeräumt, aber nicht gültig ausgeübt werden, zu Marktkonditionenplatzieren oder anderweitig im Interesse der Gesellschaft verwenden. 4 Der Verwaltungsrat ist ferner im Fall einer Ausgabe von Aktien ermächtigt, das Bezugsrecht der Aktionäre zu beschränken oder aufzuheben und Dritten zuzuweisen im Falle der Verwendung der Aktien: für die Übernahme von Unternehmen, Unternehmensteilen oder Beteiligungen oder für neue Investitionsvorhaben oder im Falle einer Aktienplatzierung für die Finanzierung oder Refinanzierung solcher Transaktionen; oder zum Zwecke der Erweiterung des Aktionärskreises im Zusammenhang mit der Kotierung der Aktien an inländischen oder an ausländischen Börsen. 5 Nach einer Nennwertveränderung sind neue Aktien im Rahmen des Kapitalbands mit gleichem Nennwert auszugeben wie die bestehenden Namenaktien. 6 Erhöht sich das Aktienkapital aufgrund einer Erhöhung aus bedingtem Kapital nach Art. 4 bis dieser Statuten, so erhöhen sich die obere und die untere Grenze des Kapitalbands entsprechend dem Umfang der Erhöhung des Aktienkapitals. 7 Bei einer Herabsetzung des Aktienkapitals im Rahmen des Kapitalbands legt der Verwaltungsrat, soweit erforderlich, die Verwendung des Herabsetzungsbetrags fest. | 2 In the event of an issue of shares, the subscription and acquisition as well as any subsequent transfer of the shares shall be subject to the restrictions pursuant to Art. 5 of these Articles of Incorporation. 3 In the event of a capital increase within the capital band, the Board of Directors shall, to the extent necessary, determine the date of issue, the issue price, the type of contribution (including cash contributions, contributions in kind, set-off, and conversion of reserves or of profit carried forward into share capital), the conditions for the exercise of pre-emptive rights, and the beginning date for dividend entitlement. In this regard, the Board of Directors may issue new shares by means of a firm underwriting through a financial institution, a syndicate of financial institutions or another third party and a subsequent offer of these shares to the existing shareholders or third parties (if the pre-emptive rights of the existing shareholders have been withdrawn or have not been duly exercised). The Board of Directors is entitled to permit, to restrict or to exclude the trade with pre-emptive rights. It may permit the expiration of pre-emptive rights that have not been duly exercised, or it may place such rights or shares as to which pre-emptive rights have been granted, but not duly exercised, at market conditions or may use them otherwise in the interest of the Company. 4 In the event of an issue of shares, the Board of Directors is further authorized to restrict or deny the pre-emptive rights of shareholders and allocate such rights to third parties if the shares are to be used: for the acquisition of an enterprise, parts of an enterprise, or participations, or for new investments, or, in case of a share placement, for the financing or refinancing of such transactions; or for the purpose of broadening the shareholder constituency in connection with a listing of shares on domestic or foreign stock exchanges. 5 After a change of the par value, new shares shall be issued within the capital band with the same par value as the existing shares. 6 If the share capital increases as a result of an increase from contingent capital pursuant to Art. 4 bis of these Articles of Incorporation, the upper and lower limits of the capital band shall increase in an amount corresponding to such increase in the share capital. 7 In the event of a reduction of the share capital within the capital band, the Board of Directors shall, to the extent necessary, determine the use of the reduction amount. |
| --- | --- |

| Artikel 4 quater - Ausschluss von Bezugs- oder Vorwegzeichnungsrechten Bis zum 23. März 2028 oder bis zu einem früheren Dahinfallen des Kapitalbands darf die Gesamtzahl der neu ausgegebenen Aktien, welche (i) aus dem bedingten Aktienkapital gemäss Art. 4 bis Abs. 1a dieser Statuten unter Beschränkung oder Aufhebung der Bezugs- oder Vorwegzeichnungsrechte und (ii) aus dem Kapitalband gemäss Art. 4 bis dieser Statuten unter Beschränkung oder Aufhebung der Bezugsrechte ausgegeben werden, in jedem Fall 196'474'500 neue Aktien nicht überschreiten. | Article 4 quater - Exclusion of Pre-emptive or Advance Subscription Rights Until March 23, 2028, or an earlier expiry of the capital band, the total number of newly issued shares which may be issued with the restriction or withdrawal of (advance) subscription rights (i) from the contingent share capital pursuant to Art. 4 bis para. 1a of these Articles of Incorporation, and (ii) from the capital band pursuant to Art. 4 bis of these Articles of Incorporation, in any event shall not exceed 196,474,500 new shares. |
| --- | --- |

ABB AGM 2023 Short Minutes

- 7/14 -

Vertretene Stimmen: 1'206'382'493

Votes represented:

2/3-Mehr: 804'254'996

2/3 majority:

| 96.72% | Ja / Yes | 1'166'930'044 | Stimmen / votes |
| --- | --- | --- | --- |
| 2.12% | Nein / No | 25'638'217 | Stimmen / votes |
| 1.16% | Enthaltung / Abstention | 13'814'232 | Stimmen / votes |

## 7. Bindende Abstimmungen über die Vergütung des Verwaltungsrates und der Geschäftsleitung

7. Binding votes on the compensation of the Board of Directors and the Executive Committee

### 7.1. Bindende Abstimmung über den maximalen Gesamtbetrag der Vergütung des Verwaltungsrates für die kommende Amtsdauer, d. h. von der Generalversammlung 2023 bis zur Generalversammlung 2024

7.1. Binding vote on the maximum aggregate amount of compensation of the Board of Directors for the next term of office, i. e. from the Annual General Meeting 2023 to the Annual General Meeting 2024

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 2023 bis zur Generalversammlung 2024 im Betrag von CHF 4'400'000.

the maximum aggregate amount of compensation of the Board of Directors covering the period from the Annual General Meeting 2023 to the Annual General Meeting 2024 in the amount of CHF 4,400,000.

Vertretene Stimmen: 1'206'381'747

Votes represented:

Absolutes Mehr: 603'190'874

Absolute majority:

| 97.94% | Ja / Yes | 1'181'487'729 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.86% | Nein / No | 10'341'028 | Stimmen / votes |
| 1.20% | Enthaltung / Abstention | 14'552'990 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 8/14 -

## 7.2. Bindende Abstimmung über den maximalen Gesamtbetrag der Vergütung der Geschäftsleitung für das folgende Geschäftsjahr, d. h. 2024

### 7.2. Binding vote on the maximum aggregate amount of compensation of the Executive Committee for the following financial year, i. e. 2024

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 2024 im Betrag von CHF 43'900'000.

*the maximum aggregate amount of compensation of the Executive Committee for the financial year 2024 in the amount of CHF 43,900,000.*

Vertretene Stimmen: 1'206'381'383

*Votes represented:*

Absolutes Mehr: 603'190'692

*Absolute majority:*

| 93.73% | Ja / Yes | 1'130'691'598 | Stimmen / votes |
| --- | --- | --- | --- |
| 5.07% | Nein / No | 61'159'903 | Stimmen / votes |
| 1.20% | Enthaltung / Abstention | 14'529'882 | Stimmen / votes |

## 8. Wahlen in den Verwaltungsrat und Wahl des Präsidenten des Verwaltungsrates

### 8. Elections to the Board of Directors and election of the Chairman of the Board of Directors

Die Generalversammlung wählt gemäss Antrag des Verwaltungsrates folgende Mitglieder in den Verwaltungsrat für eine Amtsdauer bis zum Abschluss der Generalversammlung 2024:

*The Annual General Meeting elects as proposed by the Board of Directors the following persons to the Board of Directors for a term of office until completion of the Annual General Meeting 2024:*

#### • Gunnar Brock, als Mitglied / as Director

Vertretene Stimmen: 1'206'370'677

*Votes represented:*

Absolutes Mehr: 603'185'339

*Absolute majority:*

| 94.83% | Ja / Yes | 1'144'007'196 | Stimmen / votes |
| --- | --- | --- | --- |
| 4.07% | Nein / No | 49'082'541 | Stimmen / votes |
| 1.10% | Enthaltung / Abstention | 13'280'940 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 9/14 -

# • **David Constable, als Mitglied / as Director**

Vertretene Stimmen: 1'206'370'677

*Votes represented:*

Absolutes Mehr: 603'185'339

*Absolute majority:*

| 96.36% | Ja / Yes | 1'162'459'993 | Stimmen / votes |
| --- | --- | --- | --- |
| 2.54% | Nein / No | 30'601'658 | Stimmen / votes |
| 1.10% | Enthaltung / Abstention | 13'309'026 | Stimmen / votes |

# • **Frederico Fleury Curado, als Mitglied / as Director**

Vertretene Stimmen: 1'206'370'677

*Votes represented:*

Absolutes Mehr: 603'185'339

*Absolute majority:*

| 98.65% | Ja / Yes | 1'190'034'932 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.25% | Nein / No | 3'019'590 | Stimmen / votes |
| 1.10% | Enthaltung / Abstention | 13'316'155 | Stimmen / votes |

# • **Lars Förberg, als Mitglied / as Director**

Vertretene Stimmen: 1'206'370'677

*Votes represented:*

Absolutes Mehr: 603'185'339

*Absolute majority:*

| 97.05% | Ja / Yes | 1'170'825'530 | Stimmen / votes |
| --- | --- | --- | --- |
| 1.84% | Nein / No | 22'206'519 | Stimmen / votes |
| 1.11% | Enthaltung / Abstention | 13'338'628 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 10/14 -

# - **Denise Johnson, als Mitglied / as Director**

Vertretene Stimmen: 1'206'370'677

*Votes represented:*

Absolutes Mehr: 603'185'339

*Absolute majority:*

| 95.63% | Ja / Yes | 1'153'592'118 | Stimmen / votes |
| --- | --- | --- | --- |
| 3.26% | Nein / No | 39'360'328 | Stimmen / votes |
| 1.11% | Enthaltung / Abstention | 13'418'231 | Stimmen / votes |

# - **Jennifer Xin-Zhe Li, als Mitglied / as Director**

Vertretene Stimmen: 1'206'368'276

*Votes represented:*

Absolutes Mehr: 603'184'139

*Absolute majority:*

| 97.45% | Ja / Yes | 1'175'633'081 | Stimmen / votes |
| --- | --- | --- | --- |
| 1.43% | Nein / No | 17'310'101 | Stimmen / votes |
| 1.12% | Enthaltung / Abstention | 13'425'094 | Stimmen / votes |

# - **Geraldine Matchett, als Mitglied / as Director**

Vertretene Stimmen: 1'206'369'476

*Votes represented:*

Absolutes Mehr: 603'184'739

*Absolute majority:*

| 98.74% | Ja / Yes | 1'191'119'677 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.16% | Nein / No | 1'925'857 | Stimmen / votes |
| 1.10% | Enthaltung / Abstention | 13'323'942 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 11/14 -

# • **David Meline, als Mitglied / as Director**

Vertretene Stimmen: 1'206'369'476

*Votes represented:*

Absolutes Mehr: 603'184'739

*Absolute majority:*

| 98.73% | Ja / Yes | 1'191'065'640 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.15% | Nein / No | 1'819'277 | Stimmen / votes |
| 1.12% | Enthaltung / Abstention | 13'484'559 | Stimmen / votes |

# • **Jacob Wallenberg, als Mitglied / as Director**

Vertretene Stimmen: 1'206'369'476

*Votes represented:*

Absolutes Mehr: 603'184'739

*Absolute majority:*

| 95.95% | Ja / Yes | 1'157'575'870 | Stimmen / votes |
| --- | --- | --- | --- |
| 2.94% | Nein / No | 35'529'645 | Stimmen / votes |
| 1.11% | Enthaltung / Abstention | 13'263'961 | Stimmen / votes |

# • **Peter Voser, als Mitglied und Präsident / as Director and Chairman**

Vertretene Stimmen: 1'206'369'476

*Votes represented:*

Absolutes Mehr: 603'184'739

*Absolute majority:*

| 91.10% | Ja / Yes | 1'098'986'440 | Stimmen / votes |
| --- | --- | --- | --- |
| 7.78% | Nein / No | 93'847'936 | Stimmen / votes |
| 1.12% | Enthaltung / Abstention | 13'535'100 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 12/14 -

## 9. Wahlen in den Vergütungsausschuss

### 9. *Elections to the Compensation Committee*

Die Generalversammlung wählt gemäss Antrag des Verwaltungsrates folgende Mitglieder des Verwaltungsrates in den Vergütungsausschuss für eine Amtsdauer bis zum Abschluss der Generalversammlung 2024:

*The Annual General Meeting elects as proposed by the Board of Directors the following members of the Board of Directors to the Compensation Committee for a term of office until completion of the Annual General Meeting 2024:*

# - **David Constable**

Vertretene Stimmen: 1'206'348'796

*Votes represented:*

Absolutes Mehr: 603'174'399

*Absolute majority:*

| 96.02% | Ja / Yes | 1'158'393'385 | Stimmen / votes |
| --- | --- | --- | --- |
| 2.84% | Nein / No | 34'230'826 | Stimmen / votes |
| 1.14% | Enthaltung / Abstention | 13'724'585 | Stimmen / votes |

# - **Frederico Fleury Curado**

Vertretene Stimmen: 1'206'348'796

*Votes represented:*

Absolutes Mehr: 603'174'399

*Absolute majority:*

| 96.74% | Ja / Yes | 1'167'038'310 | Stimmen / votes |
| --- | --- | --- | --- |
| 2.12% | Nein / No | 25'579'230 | Stimmen / votes |
| 1.14% | Enthaltung / Abstention | 13'731'256 | Stimmen / votes |

# - **Jennifer Xin-Zhe Li**

Vertretene Stimmen: 1'206'348'796

*Votes represented:*

Absolutes Mehr: 603'174'399

*Absolute majority:*

| 97.27% | Ja / Yes | 1'173'415'524 | Stimmen / votes |
| --- | --- | --- | --- |
| 1.58% | Nein / No | 19'091'422 | Stimmen / votes |
| 1.15% | Enthaltung / Abstention | 13'841'850 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 13/14 -

## 10. Wahl der unabhängigen Stimmrechtsvertreterin

### 10. Election of the independent proxy

Die Generalversammlung wählt gemäss Antrag des Verwaltungsrates für eine Amtsdauer bis zum Abschluss der ordentlichen Generalversammlung 2024:

*The Annual General Meeting elects as proposed by the Board of Directors for a term of office until completion of the Annual General Meeting 2024:*

- **Zehnder Bolliger & Partner, Advokatur & Notariat, Bahnhofplatz 1, 5400 Baden, Schweiz**

als unabhängige Stimmrechtsvertreterin.

Vertretene Stimmen: 1'206'312'551

*Votes represented:*

Absolutes Mehr: 603'156'276

*Absolute majority:*

| 97.58% | Ja / Yes | 1'177'201'471 | Stimmen / votes |
| --- | --- | --- | --- |
| 1.24% | Nein / No | 15'027'820 | Stimmen / votes |
| 1.18% | Enthaltung / Abstention | 14'083'260 | Stimmen / votes |

## 11. Wahl der Revisionsstelle

### 11. Election of the auditors

Die Generalversammlung wählt gemäss Antrag des Verwaltungsrates KPMG AG, Zürich, als Revisionsstelle für das Geschäftsjahr 2023.

*The Annual General Meeting elects as proposed by the Board of Directors KPMG AG, Zurich, as the auditors for financial year 2023.*

Vertretene Stimmen: 1'206'305'651

*Votes represented:*

Absolutes Mehr: 603'152'826

*Absolute majority:*

| 98.65% | Ja / Yes | 1'189'968'151 | Stimmen / votes |
| --- | --- | --- | --- |
| 0.27% | Nein / No | 3'282'313 | Stimmen / votes |
| 1.08% | Enthaltung / Abstention | 13'055'187 | Stimmen / votes |

ABB AGM 2023 Short Minutes

- 14/14 -

Zürich, 23. März 2023

Für das Protokoll:

*For the minutes:*

/s/ Peter Voser

**Peter Voser**

Präsident des Verwaltungsrates
*Chairman of the Board of Directors*

/s/ Andrea Antonelli

**Andrea Antonelli**

Leiter der Konzernrechtsabteilung und
Sekretär des Verwaltungsrates
*General Counsel and
Secretary to the Board of Directors*

ABB AGM 2023 Minutes

march242023p17

ZURICH, SWITZERLAND, MARCH 23, 2023

# ABB shareholders approve all proposals at 2023 Annual General Meeting

ABB shareholders have approved all the proposals of the company's Board of Directors at its 2023 Annual General Meeting which was held in Zurich, Switzerland today. A total of 603 shareholders attended the meeting who, together with the independent proxy, represented 61.4 percent of the total share capital with a right to vote.

The shareholders supported the proposed distribution of an increased dividend of CHF 0.84 per share. The dividend payment in Switzerland is planned for March 29, 2023. The shareholders also approved the management report, the consolidated financial statements and the annual financial statements for 2022.

Peter Voser was confirmed as Chairman of the company's Board of Directors. Denise C. Johnson was elected as a new member to the Board while Satish Pai did not stand for re-election as announced previously. All other members of the Board were re-elected for another term: Jacob Wallenberg, Gunnar Brock, David Constable, Frederico Fleury Curado, Lars Förberg, Jennifer Xin-Zhe Li, Geraldine Matchett and David Meline.

Furthermore, the introduction of a capital band was supported. Within the capital band the Board of Directors is authorized to increase or reduce the share capital until March 23, 2028, or until an earlier expiry of the capital band. The Board of Directors plans to use the capital band for the cancellation of shares repurchased under the share buyback programs 2021/22 and 2022/23. The shareholders also supported a number of changes to ABB's Articles of Incorporation, which the Board of Directors proposed in connection with the recently revised Swiss corporate law.

In addition, shareholders approved in a binding vote the maximum aggregate amount of compensation of the Board of Directors for the 2023-2024 term of office and of the Executive Committee for the 2024 financial year. In a non-binding consultative vote the shareholders voted in favor of the compensation report for 2022.

The final results of the Annual General Meeting are available on www.abb.com/agm. ABB will be reporting its first quarter results on April 25, 2023.

**ABB** is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company's solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB's ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com

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-
For more information please contact:

Media Relations

Phone: +41 43 317 7111
Email: media.relations@ch.abb.com

Investor Relations

Phone: +41 43 317 7111
Email: investor.relations@ch.abb.com

ABB Ltd

Affolternstrasse 44
8050 Zurich
Switzerland

ABB SHAREHOLDERS APPROVE ALL PROPOSALS AT 2023 ANNUAL GENERAL MEETING

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march242023p17

ZURICH, SWITZERLAND, MARCH 23, 2023

# ABB plans to launch new share buyback of up to $1 billion following completion of 2022-2023 program

ABB has completed its share buyback program that was launched in April 2022. Through this buyback program, ABB repurchased a total of 67'459'000 shares - equivalent to 3.29 percent of its issued share capital at launch of the buyback program - for a total amount of approximately $2 billion over the past 12 months. This includes the remaining $1.2 billion of the $7.8 billion of cash proceeds from the Power Grids divestment.

At today's Annual General Meeting (AGM), as separately announced, ABB shareholders approved the introduction of a capital band ranging from CHF 212,192,469 of nominal value (lower limit) to CHF 259,346,349 of nominal value (upper limit), i. e. from 90 percent to 110 percent of ABB's share capital currently entered in the commercial register. Within this capital band, the Board of Directors is authorized to increase or reduce the share capital once or several times until March 23, 2028, or until an earlier expiry of the capital band. The Board of Directors intends to use this authorization to cancel all shares repurchased under the 2022-2023 share buyback program as well as 15,283,500 shares repurchased under the 2021-2022 share buyback program which have not been cancelled yet.

Consistent with ABB's capital allocation principles and its capital structure optimization program targeting to maintain a strong investment grade rating, ABB's Board of Directors today approved a new share buyback program of up to $1 billion. The new program is expected to be launched in April 2023. It will be executed on a second trading line on the SIX Swiss Exchange and is planned to run until the company's 2024 AGM.

ABB intends to use the new capital band also for the cancellation of the shares repurchased under this new program.

In addition, ABB intends to purchase up to 15 million shares until the 2024 AGM mainly for use in connection with its employee share plans.

ABB currently owns approximately 107 million treasury shares, including 83 million shares repurchased for cancellation purposes.

**ABB** is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company's solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB's ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com

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### **Important notice about forward-looking information**

This press release includes forward-looking information and statements concerning the share buyback program. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, and are generally identifiable by statements containing words such as “intends”, “expects,” “plans”, or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could affect our ability to achieve any or all of our stated targets. Factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

-
**For more information please contact:**

**Media Relations**

Phone: +41 43 317 7111
Email: media.relations@ch.abb.com

**Investor Relations**

Phone: +41 43 317 7111
Email: investor.relations@ch.abb.com

**ABB Ltd**

Affolternstrasse 44
8050 Zurich
Switzerland

ABB PLANS TO LAUNCH NEW SHARE BUYBACK OF UP TO $1 BILLION FOLLOWING COMPLETION OF 2022-2023 PROGRAM

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# **SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

# **ABB LTD**

Date: March 24, 2023.

By: /s/ Ann-Sophie Nordh

Name: Ann-Sofie Nordh

Title: Group Senior Vice President and
Head of Investor Relations

Date: March 24, 2023.

By: /s/ Richard A. Brown

Name: Richard A. Brown

Title: Group Senior Vice President and
Chief Counsel Corporate & Finance