CORRECTION: Proposals by Koskisen Corporation's Shareholders' Nomination Board to Annual General Meeting 2026

CORRECTION: Proposals by Koskisen Corporation’s Shareholders’ Nomination Board to Annual General Meeting 2026

Koskisen Corporation corrects its stock exchange release published on 6 February 2026 Proposals by Koskisen Corporation’s Shareholders’ Nomination Board to Annual General Meeting 2026.

Corrected section:

The correction concerns the fifth paragraph, which incorrectly stated that the Board of the Directors recommends that shareholders take a position on the proposal as a whole at the Annual General Meeting as well as the following sentence, which incorrectly stated that in preparing its proposals, the Board of Directors, in addition to ensuring that individual candidates for membership of the Board of Directors possess the required competence, has determined that the proposed Board of Directors as a whole also has the best possible expertise for the company. Instead of Board of Directors, the recommendation is given and determination has been made by the Shareholders’ Nomination Board.

Corrected release in its entirety:

Proposals by Koskisen Corporation’s Shareholders’ Nomination Board to Annual General Meeting 2026

The Shareholders' Nomination Board of Koskisen Corporation presents the following proposals to the Annual General Meeting planned to be held on 23 April 2026. The proposals will be included in the notice to the Annual General Meeting to be published at a later date.

Proposal on the composition of the Board of Directors

The Shareholders’ Nomination Board proposes to the Annual General Meeting that the number of the Board members be six.

Shareholders’ Nomination Board proposes to the Annual General Meeting that Pekka Kuusniemi, Carita Himberg, Karri Koskela, Hanna Masala, Kalle Reponen and Hanna Sievinen will be re-elected as members of the Board. In addition, the Shareholders’ Nomination Board proposes that Pekka Kuusniemi will still be elected as Chair of the Board of Directors.

All candidates have given their consent to the election. All candidates are independent of the company and company’s significant shareholders. Hanna Sievinen and Kalle Reponen, if re-elected, would be non-executive directors for 10 consecutive years or more. However, their independence is not compromised due to their service history and no other factors or circumstances have been identified that could impair their independence.

With regard to the selection procedure for the members of the Board of Directors, Shareholders’ Nomination Board recommends that shareholders take a position on the proposal as a whole at the Annual General Meeting. In preparing its proposals, Shareholders’ Nomination Board, in addition to ensuring that individual candidates for membership of the Board of Directors possess the required competence, has determined that the proposed Board of Directors as a whole also has the best possible expertise for the company.

Proposal on the remuneration of the Board of Directors

The Shareholders’ Nomination Board proposes to the Annual General Meeting 2026 that the remuneration to the members of the Board would be as follows:

• The remuneration of the Chair of the Board of Directors is EUR 5,250 per month (2025 EUR 5,000 per month) and the remuneration of other members shall be EUR 2,750 per month (2025 EUR 2,500 per month). The remuneration of the Chair of the Audit Committee shall be EUR 3,750 per month (2025 EUR 3,500 per month).
• In addition, the Chair of the Board of Directors shall be paid a meeting fee of EUR 1,000 per meeting (2025 EUR 1,000 per meeting) and other members a fee of EUR 500 per meeting (2025 EUR 500 per meeting). Equivalent meeting fees shall also be paid for the meetings of the Board of Directors’ committees. No fee shall be paid for decisions made without convening a meeting.
• Compensation for expenses will be paid in accordance with the company's valid travel policy.

Composition of the Shareholders’ Nomination Board

Koskisen’s Shareholders’ Nomination Board consists of five members. Four representatives are nominated by the company’s four largest shareholders or group of shareholders, and the Chair of Koskisen’s Board of Directors shall serve as the fifth expert members of the Nomination Board without voting rights. The four largest shareholders are determined based on the shareholder register maintained by Euroclear Finland Ltd as of the last trading day in August preceding the Annual General Meeting.

In 2025, the following members were appointed to the Shareholder’s Nomination Board: Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company, appointed by Varma Mutual Pension Insurance Company, Niko Syrjänen, Director Equity Investments, Elo Mutual Pension Insurance Company, appointed by Eva Wathén, Laura Paksuniemi, Ella Paksuniemi and Ester Paksuniemi, Kari Koskinen, appointed by Kari Koskinen and Karoliina Koskinen, appointed by Markku Koskinen. The Chair of Koskisen’s Board, Pekka Kuusniemi, served as Nomination Boards expert member. Timo Sallinen served as Chair of the Nomination Board.

For further information, please contact:
Olli Nikitin, General Counsel, Koskisen Corporation
olli.nikitin@koskisen.com
Tel. +358 20 553 4463
 
Koskisen is an international wood processing specialist and known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, up to the last particle of sawdust. At the same time, we bring the best carbon narrative to life: We manufacture high-quality and sustainable products that store carbon for decades. The Group’s revenue in 2024 was EUR 282 million. Read more: koskisen.com