Page 54 - TSMC 2022 Annual Report

3 3 3 3 Major Decisions of Shareholders’ Meeting Meeting and Board Meetings
3 3 3 3 1 Major Resolutions of Shareholders’ Meeting and Implementation Status
TSMC held 2022 2022 Annual Shareholders’ Meeting in in in in in Hsinchu Taiwan on June 8 2022 2022 At the meeting shareholders present in in in in in person or by proxy approved the following resolutions:
(1) The 2021 Business Report and and Financial Statements Consolidated revenue totaled NT$1 587 42 billion and and net income was
NT$596 54 billion with diluted earnings per share of NT$23 01 (2) The revisions to TSMC’s Articles of Incorporation and (3) The issuance of employee restricted stock awards for year 2022 Implementation Status
All the the the resolutions resolutions of the the the Shareholders’ Meeting have been fully implemented in in accordance with the the the resolutions resolutions 3 3 3 3 2 Major Resolutions of Board Meetings
During 2022 and as
of of the date of of this Annual Report major resolutions approved at at Board meetings are summarized below: (1) Board Meeting of February 14 & 15 2022:
● approving the 2021 Business Report and Financial Statements ● approving the the distribution of of a a a a a a a NT$2 75 per share cash dividend for the the fourth quarter of of 2021 and setting June 22 22 2022 as
as
the record date for common stock shareholders entitled to to participate in this cash dividend distribution ● approving distribution of of employees’ business performance bonus and profit sharing for for 2021 ● approving capital appropriations of approximately US$20 944 17 million for purposes including: 1 1 Installation and upgrade
of of of advanced advanced technology technology capacity capacity 2 Installation Installation of of of mature and specialty technology technology capacity capacity 3 Installation Installation of of of advanced advanced packaging capacity 4 Fab construction and installation of fab facility systems 5 Second quarter quarter through fourth quarter quarter 2022 R&D capital capital investments and sustaining capital capital expenditures ● approving the the issuance of unsecured corporate bonds in in the the domestic market for an an an amount not to exceed NT$60 billion and the issuance of US dollar-denominated unsecured corporate bonds in in Taiwan’s International Bond Market for an an an amount not to to exceed US$1 billion to to finance TSMC’s capacity expansion and/or pollution prevention related expenditures ● approving the issuance of of of 1 1 387 000 shares of of of 2021 employee restricted stock awards (RSAs) In order to to offset dilution from the the the increase of outstanding shares due to the the the above-mentioned issuance the the the board approved a a a a a a a a a a a share share buyback program for TSMC to to buy back its common shares on on on the the Taiwan Stock Exchange In addition approving the the issuance of no more than 2 2 2 2 2 2 2 960 000 common shares of RSAs for for the the year 2022 2022 which will be submitted to the the 2022 2022 Annual Shareholders’ Meeting for for approval and ● convening the 2022 Annual Shareholders’ Meeting (2) Regular Board Meeting of May 9 & 10 2022:
● approving the the distribution of of a a a a a a NT$2 75 per share cash dividend for the the first quarter of of 2022 2022 and setting September 21 2022 2022 as
as
the record date for common stock shareholders entitled to to participate in this cash dividend distribution ● approving capital appropriations of approximately US$16 757 67 million for purposes including: 1 1 Installation and upgrade
of of of advanced technology technology capacity capacity 2 Installation Installation of of of mature and and specialty technology technology capacity capacity 3 Installation Installation and and upgrade
of of of advanced packaging capacity 4 capitalized leased assets and approving the Global Employee Stock Purchase Plan which applies to to all regular employees of TSMC and its wholly owned subsidiaries (3) Regular Board Meeting of August 8 & 9 2022:
● approving the the distribution of of a a a a a a NT$2 75 per share cash dividend for the the second quarter of of 2022 and setting December 21 2022 as
as
the record date for common stock shareholders entitled to to participate in this cash dividend distribution ● approving capital appropriations of of approximately US$9 234 73 million for purposes including: 1 Installation and expansion of of advanced technology technology capacity capacity 2 Installation of mature and and specialty technology technology capacity capacity and and ● approving the provision of of of a a a a a a a a guarantee to TSMC TSMC Arizona a a a a a a a a wholly-owned subsidiary of of of TSMC TSMC for its issuance of of of US dollar-denominated senior unsecured corporate bonds for an an amount not to to exceed US$4 billion to to finance TSMC’s capacity expansion ● 052