Kamux Corporation | Stock Exchange Release | January 26, 2026 at 12:00:00 EET
The Shareholders’ Nomination Board of Kamux Corporation submits the following proposals to Kamux’s 2026 Annual General Meeting, planned to be held on April 23, 2026. The proposals will also be included in the Notice of General Meeting, to be published at a later date.
Composition of Board of Directors
The Shareholders' Nomination Board of Kamux Corporation, appointed in accordance with the resolution of the Annual General Meeting, proposes to the Annual General Meeting, scheduled for April 23, 2026, that 6 members be elected to the Board of Directors.
The Shareholders’ Nomination Board proposes to the Annual General Meeting that of the current members of the Board of Directors Aaron Heidari, Terho Kalliokoski, Maren Kroll, Kati Riikonen, and Jaana Viertola-Truini be re-elected as members of the Board of Directors and Teemu Kangas-Kärki be elected as a new member of the Board of Directors. Additionally, the Shareholders’ Nomination Board proposes to the Annual General Meeting that Terho Kalliokoski be re-elected as Chairperson of the Board of Directors and Teemu Kangas-Kärki be elected as Vice Chairperson of the Board of Directors.
Teemu Kangas-Kärki (born 1966, Finnish citizen), M.Sc. (Econ.), currently serves as a board professional. Kangas-Kärki served as CFO of Nokian Tyres plc from 2018 to 2023 and before that, he worked for Fiskars Corporation from 2008 to 2018, serving as CFO, COO, Deputy CEO and Business Area Director. He currently serves as a member of the Board of Directors and Chairman of the Audit Committee of Lassila & Tikanoja Plc and as Vice Chairman of the Board of Directors and Chairman of the Audit and Remuneration Committees of Marimekko Corporation. He does not own any shares in Kamux Corporation.
All the above mentioned nominees have consented to election. Based on evaluations by themselves and the Shareholders’ Nomination Board, Aaron Heidari is dependent on the company’s significant shareholder, while the other nominees are independent of both the company and its significant shareholders.
Harri Sivula, member of Kamux Corporation's Board of Directors since 2017, has notified that he will not be standing for re-election for the upcoming term. Kamux Corporation and the Shareholders’ Nomination Board wish to thank Harri Sivula for his valuable work for the company.
The Shareholders' Nomination Board proposes that shareholders take a position on the proposal for the election of the members of the Board of Directors as a whole at the General Meeting. The Nomination Board has assessed the proposed composition from the perspective of the Board’s Diversity Policy and the requirements of the Corporate Governance Code, both as a whole and with regard to the individual candidates. The Nomination Board considers that, in addition to the complementary expertise and experience of the individual members of the Board of Directors, the proposed Board of Directors, as a whole, meets the requirements of both the Corporate Governance Code and the Board’s Diversity Policy.
The term of office of a board member expires at the end of the Annual General Meeting following his/her election.
Remuneration of the members of the Board of Directors
The Shareholders’ Nomination Board proposes to the Annual General Meeting that the annual compensation for both the Board of Directors and committee members remain unchanged. The proposed annual remuneration is as follows:
· Chairperson of the Board of Directors EUR 70,000
· Member of the Board of Directors EUR 32,000
· Chairperson of the Audit Committee EUR 7,000
· Member of the Audit Committee EUR 3,500
· Chairperson of the Personnel and Remuneration Committee EUR 7,000
· Member of the Personnel and Remuneration Committee EUR 3,500
The Shareholders' Nomination Board also proposes that a Board member be paid a fee of EUR 500 for each Board or committee meeting to which the member travels outside his or her country of residence.
The Shareholders’ Nomination Board proposes to the Annual General Meeting that 40 percent of the annual fee of the Chairperson and the members of the Board of Directors be paid in Kamux Corporation’s shares, either purchased at a prevailing market price from the market or alternatively by using own shares held by the company. The transfer of treasury shares or acquisition of shares directly for the members of the Board of Directors will be executed within one month from the publication of the Interim Report for the period January 1, 2026–March 31, 2026. The rest of the annual fee would be paid in cash, which is used to cover taxes arising from the fees. The company pays the transaction costs and transfer taxes related to the purchase and transfer of shares.
Committee fees are to be disbursed in cash. Should the Board of Directors choose to establish additional committees, the annual compensation for both the Chairperson and members of the new committee will match that of existing committees. Travel costs will be reimbursed according to the company’s travel policy.
Composition of Shareholders’ Nomination Board 2025–2026
The composition of the Shareholders’ Nomination Board for the term 2025–2026 was determined based on holdings on August 1, 2025 in the shareholders’ register and on information presented by Saray Capital (DIFC) Limited. The following shareholders have used their nomination right and the following members have been nominated to Kamux’s Shareholders’ Nomination Board:
· Pekka Pajamo, Chairperson of the Shareholders’ Nomination Board, representing shareholders Juha Kalliokoski and Callardo Capital Oy
· Aaron Heidari, representing funds managed by Saray Capital (DIFC) Limited (Dubai, UAE)
· Ville Kivipelto, representing funds managed by Danske Invest
· Terho Kalliokoski, Chairperson of Kamux Corporation’s Board of Directors
The main purpose of the Nomination Board has been to prepare the proposals for the composition and remuneration of the Board of Directors for the Annual General Meeting 2026. Terho Kalliokoski, Chairperson of the Board of Directors, and Aaron Heidari, member of the Board of Directors, have not participated in the discussion of the proposals for resolutions concerning the election of the Chairperson of the Board of Directors or the remuneration of the Board of Directors.
Kamux Corporation
Further information:
Pekka Pajamo, Chairperson of the Shareholders’ Nomination Board
Contacts:
Katariina Hietaranta, Head of Communications, Sustainability and Investor relations, tel. +358 10 420 8831
ir@kamux
Kamux is a retail chain specialized in used cars and related integrated services. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has a total of 68 car showrooms in Finland, Sweden and Germany. Since its founding in Hämeenlinna, Finland, in 2003 the company has sold almost 600,000 used cars, 66,548 of which were sold in 2024. Kamux’s revenue in 2024 was EUR 1,010 million and its average number of employees was 904 in terms of full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd. For more information, please visit www.kamux.com