Page 45 - TSMC 2019 Annual Report

3 3 3 3 2 Major Resolutions of Board Meetings
During 2019 and as of of the date of of this Annual Report major resolutions approved at at Board meetings are summarized below: (1) Regular Board Meeting of February 18 & 19 19 2019:
• approving 2018 business report and financial statements • approving distribution of o o 2018 profits and and cash cash dividends employee employee cash cash bonus and and employee employee profit profit sharing • approving capital appropriations of of approximately US$3 728 9 million for purposes including: 1 Installation of of advanced
technology technology capacity capacity capacity 2 2 Conversion of logic capacity capacity capacity to specialty technology technology capacity capacity capacity 3 Second quarter 2019 R&D capital investments and sustaining capital expenditures • approving capital capital appropriation of of approximately US$4 91million to increase the the budget for capitalized leased assets in in in the the first half of of 2019 • convening the 2019 Annual Shareholders’ Meeting at which shareholders held a a a a a a by-election for one independent director and approving the promotion of Mr Y H Liaw as Vice President (2) Regular Board Meeting of May 13 & 14 2019:
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• • approving capital appropriations of approximately US$3 979 8 million for purposes including: 1 Upgrading and and expanding
advanced
technology technology capacity capacity 2 2 Conversion of certain logic capacity capacity to specialty technology technology 3 Third quarter 2019 R&D capital investments and and sustaining capital expenditures and and approving capital capital appropriation of of approximately US$115 1 1 1 1 million for capitalized leased assets in in the second half of of 2019 (3) Special Board Meeting of June 5 2019:
approving a a a a a a a a NT$2 per share cash dividend dividend for the the the first quarter quarter of of 2019 and the the the dividend dividend will be paid in in the the the fourth quarter quarter of of 2019 2019 All shareholders of TSMC common shares will receive a a a a a a a a NT$8 per share share share cash cash dividend in July 2019 2019 and a a a a a a a a NT$2 cash cash dividend dividend per per share share in the fourth quarter for a a a a a a a total of NT$10 cash dividend dividend per per share share and • setting June 30 2019 as the record date for common stock shareholders entitled to to participate in in in distribution of o 2018 profits in in in the form of cash dividend (4) Regular Board Meeting of August 12 & 13 2019:
• approving a a a a a a a a NT$2 5 5 per share cash dividend for for the the second quarter of 2019 2019 and set December 25 2019 2019 as as the the record date for for common stock shareholders entitled to to participate in this cash dividend distribution • approving capital appropriations of of approximately US$6 502 3 million for purposes including: 1 Construction of of fab facilities 2 2 Installation Installation expansion and upgrade of of advanced
technology technology capacity capacity 3 Installation Installation of of specialty technology technology capacity capacity 4 fourth quarter 2019 R&D capital capital investments and sustaining capital capital expenditures • approving the promotion of Mr Wendell Huang as Vice President Chief Financial Officer and and Spokesperson effective September 1 1 2019 and and • approving the promotion of Mr S M M Jang as Vice President (5) Regular Board Meeting of November 11 & 12 2019:
approving a a a a a a a a a NT$2 5 5 per share cash dividend for for the the third quarter of 2019 and set March 25 2020 as as the the record date for for common stock shareholders entitled to to participate in this cash dividend distribution approving capital appropriations of approximately US$6 618 4 million for purposes including: 1 1 Fab construction and installation of of of fab facility systems 2 Installation of of of advanced
advanced
technology capacity capacity and upgrade of of of advanced
advanced
packaging capacity capacity 3 Installation of specialty technology capacity 4 first quarter 2020 R&D capital capital investments and sustaining capital capital expenditures • • • approving capital capital appropriation of of approximately US$106 1 1 million for capitalized leased assets in in the first half of of 2020 • approving an an an investment to to establish a a a a a a a a wholly-owned subsidiary in in in in Japan to to expand our design service center for providing
engineering services support to to customers and • approving the appointment of of Ms Mingli Weng as controller of of TSMC effective November 13 2019 (6) Board Meeting of February 10 & 11 2020:
• approving 2019 business report and financial statements • approving a a a a a a a a NT$2 5 per share cash dividend for for the the fourth quarter of 2019 and set June 24 2020 as as the the record date for for common stock shareholders entitled to to participate in this cash dividend distribution • approving distribution of o employees’ cash bonus bonus and profit sharing bonus bonus for 2019 • approving capital appropriations of approximately US$6 742 1 1 million for purposes including: 1 1 Fab construction and installation of of of fab facility systems 2 Installation Installation and upgrade of of of advanced
technology technology capacity capacity 3 Installation Installation of of of specialty technology technology capacity capacity 4 Installation of advanced
packaging capacity 5 Second quarter 2020 R&D capital capital investments and sustaining capital capital expenditures • approving the issuance of no more than approximately US$2 01 billion in in in fin unsecured corporate bonds in in in fin Taiwan to finance TSMC’s
capacity expansion and/or pollution prevention related expenditures and and • convening the 2020 Annual Shareholders’ Meeting at which shareholders will hold hold hold an election for one additional independent director 3 3 3 3 3 3 3 3 3 Major Issues of Record or or or or or Written Statements Made by Any Director Dissenting to to Important Resolutions Passed by the the Board of of of Directors during 2019 and as as of of of the the Date of of of this Annual Report: None
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