SM Entertainment Holds 28th Annual General Meeting of Shareholders and the New Board Appoints Cheol-hyuk Jang as CEO
SEOUL, South Korea, March 31, 2023 /PRNewswire/ -- On Friday, SM Entertainment ("SM" or the "Company") (KRX:041510) announced that all agendas proposed by the Company's Board of Directors(BOD) were approved by its shareholders at the 28th Annual General Meeting of Shareholders(AGM) held at SM headquarter in Seongsu-dong, Seoul. With this, the foundation has been laid for implementing the SM 3.0 strategy, an essential element for the Company to move forward to a fan and shareholder-centered global entertainment company.
- SEOUL, South Korea, March 31, 2023 /PRNewswire/ -- On Friday, SM Entertainment ("SM" or the "Company") (KRX:041510) announced that all agendas proposed by the Company's Board of Directors(BOD) were approved by its shareholders at the 28th Annual General Meeting of Shareholders(AGM) held at SM headquarter in Seongsu-dong, Seoul.
- First, shareholders voted to approve the proposed cash dividend payment of KRW 1,200 per share as proposed.
- Following the AGM, the new BOD called for Board of Directors meeting and appointed Inside Director Cheol-hyuk Jang as its new CEO.
- Jang stated, "I feel a great responsibility to assume the position as a CEO when SM is about to take a big leap forward with SM 3.0."