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Siemens Aktiengesellschaft
As filed with the Securities and Exchange Commission on December 4, 2009 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F n REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¥ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2009. OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR n SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 1-15174 Siemens Aktiengesellschaft Wittelsbacherplatz 2 D-80333 Munich Federal Republic of Germany Telephone: +49 (89) 636-00 Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares, each representing one Common Share, no par value New York Stock Exchange Common Shares, no par value* New York Stock Exchange * Listed, not for trading or quotation purposes, but only in connection with the registration of American Depositary Shares pursuant to the requirements of the Securities and Exchange Commission. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None The number of outstanding shares of each of the issuer’s classes of capital or common stock as of September 30, 2009: 866,425,760 common shares, no par value. -
Qualitative and Quantitative Analysis of Siemens Ag
QUALITATIVE AND QUANTITATIVE ANALYSIS OF SIEMENS AG Authors (Universitat de Barcelona): Patrícia Amor Agut Clara Valls Moreno Gemma Casserras EDITOR: Jordi Marti Pidelaserra (Dpt. Comptabilitat, Universitat Barcelona) 1 Patrícia Amor 14961785 Clara Valls 14959906 Gemma Casserras 14965090 Alessandra Cortegiani (Bloc 3) 14991480 2 BLOC 1: SIEMENS AG BLOC 2: Risk Analysis BLOC 3: Profitability Analysis 3 BLOC 1 SIEMENS AG BASIC INFORMATION 4 Index 1. Introduction 2. Company History 3. Vision, Mission and Strategy 3.1. Vision 3.2. Mission 3.3. Strategy 4. Company Structure 4.1. Board of directors 4.2. Management by sector 5. Company Sectors 5.1. Energy Sector 5.2. Industry Sector 5.3. Healthcare Sector 5.4. Infrastructure and cities Sector 5.5. Financial Services 5.6. Other activities 5.7. Revenues importance 6. Shareholders 7. Stakeholders 8. Competitors 5 1. Introduction: Siemens AG is a German multinational engineering and electronics conglomerate company headquartered in Munich, Germany. It is the largest based in Europe. Founded to manufacture and install telegraphic systems, Germany-based Siemens AG has prospered and grown over 165 years to become a multifaceted electronics and electrical engineering enterprise, and one of the most international corporations in the world. Founded to manufacture and install telegraphic systems, Germany-based Siemens AG has prospered and grown over 165 years to become a multifaceted electronics and electrical engineering enterprise, and one of the most international corporations in the world. The Siemens name has been synonymous with cutting-edge technologies and continuous growth in profitability. With their wide array of products, systems and services, they are world leaders in information and communications, automation and control, power, medical solutions, transportation and lighting. -
Siemens AG Governance & Markets Investor Relations GM IR 2 Werner-Von-Siemens-Str
Dear Ladies and Gentlemen, We are very thankful for the possibility to introduce our viewpoints in the dialogue you have invited us to participate in. As a German Issuer, we are predominantly speaking for the German market with its highly developed and specific standards regarding share issuance request proposals. From our market perception, there is no particular need to reduce the applicable limit for general share issuances without preemptive rights from 20 percent to 10 percent in Germany, as there are no cases known to us where issuers have abused their authorizations to the disadvantage of their shareholders. As a general rule, issuers in Germany rely on § 186 para. 3 sentence 4 of the German Stock Corporation Act (AktG), where there is a clear legal limit of 10 percent for cash capital increases without preemptive rights. Should the existing, well balanced system be additionally burdened by different rules in the European Policy, there will be mismatches between the 10 percent proposed by ISS and the 10 percent as stated in the law, not least due to the fact that most issuers have various authorizations for different types of Authorized Capital and Conditional Capital (in Germany primarily used for the issuance of convertible and warrant bonds) in place that customarily are not proposed in one AGM but in different AGMs with different authorization periods applicable as a result. One example may highlight this: in 2015 we exchanged bond with warrant units issued in 2012 under an authorization of 2010 in order to substitute warrants relating to Siemens and Osram shares with new warrants exclusively relating to Siemens shares under an authorization of 2015. -
Joe Kaeser – Der Desintegrator
Denkzettel Nr. 66 managerismus Joe Kaeser – der Desintegrator Ein Rückblick auf sieben Jahre Siemens-CEO ____________________ Manfred Hoefle Wer eine Eloge auf den Abschied-nehmenden CEO lesen möchte, nimmt am besten mit dem Buch „Zukunft gestalten - Die Siemens-Unternehmer (1847-2018)“vorlieb; es könnte von Joe Kae- ser (himself) stammen. Nun geht es um eine andere Erzählung. Am 1. August 2013 löste er Peter Löscher, den ersten extern rekrutierten, fremdelnden Vor- standsvorsitzenden ab, der Siemens durch den Korruptionsskandal manövrierte, doch wenige geschäftliche Impulse setzte. Die Laufbahn von Joe Kaeser hatte ihren Anfang im Halbleiterge- schäft in Regensburg, führte nach Kalifornien, dann zur Zentralabteilung Finanzen, er rückte zum Bereichsvorstand von IC Mobile (ICM) auf, wurde 2004 Strategiechef unter dem amerikani- sierten Kurzzeit-CEO Klaus Kleinfeld, mit dem er bis heute im High Five-Stil verbunden blieb. 2006 war er Nachfolger des wegen Korruptionsvorwürfen zurückgetretenen Finanzchefs Heinz- Joachim Neubürger und erarbeitete sich bei Analysten einen guten Ruf. Die zur Schau getragene Loyalität Löscher gegenüber verflüchtigte sich. In einem Power Play unter dem ambivalenten Juristen und Aufsichtsratsvorsitzenden Gerhard Cromme war Joe Kaeser die allernächste Alter- native. Ihm wird nachgesagt, dass er zum richtigen Moment stets zur Stelle und im falschen bereits weg war. Das Amt trat Joe Kaeser mit dem Versprechen an: „Höchste Priorität ist nicht ein weiteres Rest- rukturierungsprogramm, sondern die Beruhigung des Unternehmens und die Stabilisierung der inneren Ordnung“. Die Euphorie war groß, dass einer mit 33 Jahren Stallgeruch und großer Hausmacht das Steuer übernimmt. ERMUTIGENDE ANKÜNDIGUNGEN Vision 2020 (von 2014) sollte zum neuen Leitstern am Siemens-Firmament werden. „Eine starke Mission, gelebte Eigentümerkultur, konsequente Strategie“ waren die Hauptpunkte des anste- henden Wandels. -
Siemens Hauptversammlung 3. Februar 2021
Siemens Hauptversammlung 3. Februar 2021 Statements von Winfried Mathes, Spezialist Corporate Governance bei Deka Investment: Ära Kaeser Die Ära Kaeser war für Siemens unter dem Strich positiv, auch wenn es einige Schönheitsfehler gab. Mit seinen Strategie-Programmen Vision 2020 und Vision 2020 plus hat Joe Kaeser das Gesicht von Siemens geliftet, ähnlich wie einst das „10-Punkte-Programm“ des ehemaligen Vorstandsvorsitzenden Heinrich von Pierer Ende der 90er Jahre. Mit der Vision 2020 wurden die Margen im industriellen Geschäft von 7,5 Prozent im Geschäftsjahr 2013 schnell auf 11 Prozent angehoben und die nervenaufreibenden Projektbelastungen nachhaltig und substanziell reduziert. Die Vision 2020 plus hat Siemens zu einem stärker fokussierten Unternehmen geformt. Jetzt ist es an Roland Busch, dem neu strukturierten Technologieunternehmen Siemens seinen eigenen Stempel aufzudrücken. Schönheitsfehler Als Aktionär kann man bemängeln, dass es in den letzten Jahren keine entscheidenden Margenverbesserungen im industriellen Geschäft mehr gab. Zudem ist das einst margenstarke Energiegeschäft von der schneller als erwartet fortschreitenden Wende zu einer kohlenstoffärmeren Energieerzeugung überrollt worden. Und die einst als Traum-Akquisition gepriesene Dresser-Rand entpuppte sich eher als schwarzes Schaf. Das Kalkül, Dresser-Rand als Türöffner für die Prozessautomatisierung und die Digitalisierung der Öl- und Gas-Industrie zu nutzen, ist nicht aufgegangen. Zur Dividende COVID-19 hat auch die Ertragssituation von Siemens nicht verschont. Erstmals seit Joe Kaesers Amtsantritt sind wir Aktionäre mit einer Dividendenkürzung konfrontiert. Da hilft auch die kryptische Erklärung seitens des CFO Thomas nicht weiter, die uns eine unveränderte Dividende zum Vorjahr glaubhaft machen soll. Allerdings ist zu hoffen, dass die zur diesjährigen regulären Dividende von 3,00 Euro gezahlte Zusatzdividende von 0,50 Euro im neuen Geschäftsjahr nicht unter den Tisch fällt. -
We Are on the Right Track for Ensuring Our Success
s »We have made great progress in »We are on the right track for networking our internal value ensuring our success as the chain electronically and in linking it to our customers, suppliers and Global network of innovation.« partners. This is enabling us to accelerate processes and cut costs.« Annual Report 2001 Annual s Annual Report 2001 Siemens Aktiengesellschaft Order No. A19100-F-V055-X-7600 Siemens Siemens is a network encompassing well over 400,000 people in 190 countries. information on contents for external orders We take pride in possessing in-depth knowledge of customers' requirements, the Telephone +49 89 636-33032 (Press Office) e-mail [email protected] expertise to create innovative solutions in electrical engineering and electronics, and +49 89 636-32474 (Investor Relations) Internet http://www.siemens.de/geschaeftsbericht_2001/order Fax +49 89 636-32825 (Press Office) Telephone +49 89 636-32910 the experience to successfully navigate even rough economic waters. But our greatest +49 89 636-32830 (Investor Relations) Fax +49 89 636-32908 e-mail [email protected] asset is undoubtedly our people, with their unparalleled motivation and their passion [email protected] for outperforming our competitors. Linked via a global network that enables them address for internal orders to exchange ideas with colleagues around the world, Siemens employees strive Siemens AG Wittelsbacherplatz 2 LZF, Fürth-Bislohe continuously to increase company value. D-80333 Munich Intranet http://c4bs.spls.de/ We at Siemens do not measure value solely in terms of short-term profitability. For Federal Republic of Germany Fax +49 911 654-4271 Internet http://www.siemens.com German Order no. -
Basutoland, Bechuanaland Protectorate, Swaziland
BASUTOLAND, BECHUANALAND PROTECTORATE, SWAZILAND. HIGH COMMISSIONER’S NOTICE No. 26 op 1941. It is hereby notified for general information that, under and by virtue of the powers vested in him, respectively, by sub-section (2) of section two of the Basutoland Trading- with the Enemf- Proclamation, 1939 (No. 50 of 1939), sub-section J2) of section two of the Bechuanaland Protectorate Trading with the Enemy Prodlamation, 1939 (No. 40 of 1939), and sub section (2) of section two of the Swaziland Trading with the Enemy Proclamation, 1939 (No. 52 of 1939), His Excellency the High Commissioner, with the approval of the Secretary of State, has been pleased to direct that each of th® persons specified in the Schedule hereto shall for the purposes of the said Proclamations be deemed to be an enemy within the meaning of those respective Proclamations during such period as this Notice shall in relation to such person remain in force. High Commissioner’s Notices Nos. 13, 50, 100, 133, 177 and 214 of 1940 are hereby cancelled. By Command of His Excellency the High Commissioner. H E. PRIESTMAN, Administrative Secretary. H igh Commissioner’ s Office, Cape Town, 29th January, 1941. SCHEDULE. Abeho Qxigeno Unde S.A., Barcelona. A.E.G . Compania Generala de Electricitate Spain. S.L. Romana, Calca Grivitei 3, Bucha Accumulatoren-Fabrik A. G. (Fabrica de rest. Roumania. Acumuladores S.A. Buenos Aires Branch), A.E.G . Electriciteits Mi], Batavia and Cangallo 2629. Buenos Aires, Argentina Soerabaya (Java), Netherlands East Accumuladores Varta do Brasil Ltda., Ave. Indies. Graca Aranha 49. Rio de Janeiro, Brazil. -
Pictures of the Future
Pictures of the Future The Magazine for Research and Innovation | Special Edition: Green Technologies www.siemens.com/pof Tomorrow’s Power Grids How Vehicles, Cities and Alterna- tive Energy Sources will Interact Energy Efficiency Renewable Energy Squeezing Better Results out of Today’s Technologies Solutions for a Sustainable, Low-Carbon Future Pictures of the Future Pictures of the Future | Editorial Contents n recent weeks there have been signs vehicles at night, when electricity is Energy Efficiency Ithat the world may have left the worst of cheaper, and sell it during the day at peak the financial and economic crisis behind — prices. Electric vehicles will also have an and already some people are playing down important stabilizing function. Just a few the causes of the worst crisis in 80 years. hundred thousand electric vehicles con- However, we shouldn't ignore a simple nected to the power grid would provide 66 Scenario 2025 fact: activities aimed exclusively at short- more “balancing power” than Germany Energy-Saving Sleuth term gains don't create long-term value! currently needs to cover its demand peaks. 68 Urban Energy Analysis This is particularly true when it comes The most reliable, cheapest, and most Cities: A Better Energy Picture to climate change. Current efforts to limit environmentally-friendly source of energy 71 Trends: Energy for Everyone warming are based on the expectation that is reduced consumption. That’s why there’s Light at the End of the Tunnel the global community will set course to- a huge need for energy-efficient technolo- 73 World’s Largest Gas Turbine ward a sustainable future. -
Corporate Responsibility Report 2006
Corporate Responsibility Report 2006 Facts, figures and other information on the 2006 fiscal year www.siemens.com/corporate_responsibility Corporate Responsibility Report 2006 Content Siemens in Profile We provide facts and figures on Siemens in fiscal 2006, including key performance figures and information on our business areas, our corporate structure, Siemens worldwide, markets and competition, and our portfolio. 4 Corporate Responsibility Strategy Corporate responsibility is one of the enablers in our new company program Fit4 2010 and has a high priority in our corporate strategy. 5 Our goals We have set ourselves clear goals in a number of key areas and will report regularly on our progress on achieving them. 6 Company We report here on corporate governance, compliance, suppliers, and risk management in fiscal 2006. 8 Environment This section presents facts and figures on product stewardship and industrial environmental protection and information on our reporting methodology and management system. Climate protection is among the key topics. 10 Society Besides key citizenship programs like Siemens Generation21 and Caring Hands, this section spotlights occupational health and safety at Siemens and provides facts and figures on our global workforce. 32 Evaluation and Reporting Approach In fiscal 2006, Siemens was again listed on major indices and received numerous awards. In this chapter we also publish the details of our reporting approach. 63 2 Preface Facts, figures and other information As a global business operating in over 190 countries, Siemens is influenced by a variety of cultures, religions, values and mentalities. In many countries, the company has been an integral part of the economy and society for decades. -
Annual Report 2005 Key Figures
s Annual Report 2005 Key figures in millions of euros 2005 (1) 2004 (1) New orders(2) 83,791 75,789 Sales(2) 75,445 70,237 Income from continuing operations 3,058 3,450 Loss from discontinued operations, net of income taxes (810) (45) Net income 2,248 3,405 Net cash from operating and investing activities(2) (1,489) 3,015 therein: Net cash provided by operating activities 4,217 4,704 Net cash used in investing activities (5,706) (1,689) Supplemental contributions to pension trusts (included in net cash provided by (used in) operating activities) (1,496) (1,255) Net proceeds from the sale of Infineon shares (included in net cash provided by (used in) investing activities) – 1,794 Research and development expenses(2) 5,155 4,650 Shareholders’ equity (September 30) 27,117 26,855 Employees(2) (September 30, in thousands) 461 424 (1) Fiscal year from October 1 to September 30 (2) Continuing operations (excluding the discontinued mobile devices activities) Contents Letter to our Shareholders 6 Managing Board 12 Fit4More Performance and Portfolio 14 Operational Excellence 18 People Excellence 22 Corporate Responsibility 26 Group Presidents 30 Business Areas 32 Megatrends 48 Report of the Supervisory Board 64 Corporate Governance Report 72 Compensation Report 78 Information for shareholders* 88 Management’s discussion and analysis 90 Consolidated Financial Statements 136 Statement of the Managing Board 214 Independent auditors’ report 215 Supervisory Board 220 Managing Board 222 Siemens financial calendar 228 Corporate Structure** * With separate -
Siemens Limited Siemens Aktiengesellschaft
LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer is sent to you as a shareholder(s) / beneficial owner(s) of Siemens Limited. If you require any clarifications about the action to be taken, you may consult your stock broker or investment consultant or the Manager to the Offer / Registrar to the Offer. In case you have recently sold your shares in Siemens Limited, please hand over this Letter of Offer and the accompanying Form of Acceptance-cum-Acknowledgement, Form of Withdrawal and Transfer Deed (in case of physical form) to the member of the stock exchange through whom the said sale was effected. CASH OFFER AT Rs. 930/- (Rupees Nine Hundred and Thirty only) PER FULLY PAID-UP EQUITY SHARE (“Offer Price”) Pursuant to The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereof (the “SEBI (SAST) Regulations”) TO ACQUIRE 66,829,060 fully paid-up equity shares of face value Rs. 2/- each (“Offer”) representing 19.82% of the issued, subscribed and fully paid-up equity share capital (“Offer Size”) OF Siemens Limited Registered Office: 130, Pandurang Budhkar Marg, Worli, Mumbai - 400 018 Tel: +91-22-2498 7000, Fax: +91-22-2498 7500 (the “Target Company”) BY Siemens Aktiengesellschaft Registered Office: Wittelsbacherplatz 2, 80333 Munich, Germany Tel: +49 (0) 89 636-00, Fax:+ +49 (0) 89 636-34-242 (the “Acquirer” or “Siemens AG”) Note: 1. The Offer is being made pursuant to and in accordance with the provisions of Regulation 11(2A) of the SEBI (SAST) Regulations and subsequent amendments thereto. -
Siemens Annual Report 2015, List of Subsidiaries and Associated
NOTE 34 List of subsidiaries and associated Equity interest companies pursuant to Section 313 September 30, 2015 in % para. 2 of the German Commercial Code Partikeltherapiezentrum Kiel Holding GmbH, Erlangen 100 11 Project Ventures Butendiek Holding GmbH, Erlangen 100 11 Projektbau-Arena-Berlin GmbH, Grünwald 100 11 R & S Restaurant Services GmbH, Munich 100 Equity interest September 30, 2015 in % REMECH Systemtechnik GmbH, Kamsdorf 100 11 Subsidiaries RHG Vermögensverwaltung GmbH, Berlin 100 Germany (113 companies) RISICOM Rückversicherung AG, Grünwald 100 Airport Munich Logistics and Services GmbH, Hallbergmoos 100 Samtech Deutschland GmbH, Hamburg 100 Alpha Verteilertechnik GmbH, Cham 100 11 Siemens Bank GmbH, Munich 100 Anlagen- und Rohrleitungsbau Ratingen GmbH, Ratingen 100 8 Siemens Beteiligungen Inland GmbH, Munich 100 11 Atecs Mannesmann GmbH, Erlangen 100 Siemens Beteiligungen Management GmbH, Grünwald 100 8 AXIT GmbH, Frankenthal 100 Siemens Beteiligungen USA GmbH, Berlin 100 11 Berliner Vermögensverwaltung GmbH, Berlin 100 11 Siemens Beteiligungsverwaltung GmbH & Co. OHG, Grünwald 100 10 BWI Services GmbH, Meckenheim 100 11 Siemens Campus Erlangen Grundstücks-GmbH & Co. KG, CAPTA Grundstücksgesellschaft mbH & Co. KG i.L., Grünwald 100 10 Grünwald 100 10 Capta Grundstücks-Verwaltungsgesellschaft mbH, Grünwald 100 Siemens Campus Erlangen Objekt 1 GmbH & Co. KG, Grünwald 100 10 DA Creative GmbH, Munich 100 Siemens Campus Erlangen Objekt 2 GmbH & Co. KG, Grünwald 100 10 Dade Behring Beteiligungs GmbH, Eschborn 100 Siemens Campus Erlangen Objekt 3 GmbH & Co. KG, Grünwald 100 10 Dade Behring Grundstücks GmbH, Marburg 100 Siemens Campus Erlangen Objekt 4 GmbH & Co. KG, Grünwald 100 10 D-R Holdings (Germany) GmbH, Oberhausen 100 Siemens Campus Erlangen Objekt 5 GmbH & Co.