FORM 6-K/A
(Amendment No. 1)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Dated March 31, 2017
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Aktiebolaget Svensk Exportkredit
Swedish Export Credit Corporation
(Translation of Registrants Name into English)
Klarabergsviadukten
61-63
SE-101 23 Stockholm
Sweden
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x |
Form 40-F o |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): N/A
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): N/A
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o |
No x |
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
EXPLANATORY NOTE
This Amendment No. 1 on Form 6-K/A (Amendment No. 1) amends and restates the Form 6-K filed on March 29, 2017 (the Original Form 6-K) by Aktiebolaget Svensk Exportkredit (SEK) in its entirety. A draft version of the Original Form 6-K that was unsigned was inadvertently filed and it should not be relied upon. This Amendment No. 1 is signed on behalf of SEK by the undersigned, thereunto duly authorized, and updates the date of the announcement and signature therein to refer to the date hereof.
In addition, Exhibit 99.1 hereto amends and restates Exhibit 99.1 to the Original Form 6-K in its entirety to refer to this Amendment No. 1 instead of the Original Form 6-K. Other than the foregoing, all of the information in the Original Form 6-K, including Exhibit 99.1 thereto, remains unchanged.
New SEK Board Members Elected at Annual General Meeting
Stockholm, March 31, 2017 SEK has announced that, at the Annual General Meeting held on March 22, 2017, Reinhold Geijer and Hans Larsson were each elected to the Board of Directors of SEK (the Board) as Directors. Reinhold Geijer and Hans Larsson replace Jan Belfrage and Magnus Uggla, who each chose to leave the Board of Directors after six years and one year of service, respectively.
The Board now consists of the following eight directors:
Name |
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Age(1) |
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Position |
Lars-Linder Aronson |
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63 |
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Chairman of the Board and Director |
Cecilia Ardström |
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51 |
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Director |
Susanne Lithander |
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55 |
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Director |
Lotta Mellström |
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46 |
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Director |
Ulla Nilsson |
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69 |
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Director |
Teppo Tauriainen |
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55 |
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Director |
Reinhold Geijer |
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63 |
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Director |
Hans Larsson |
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55 |
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Director |
(1) As of December 31, 2016
Each of the directors was elected to serve for a term of one year, which expires at the end of SEKs next Annual General Meeting in 2018.
Brief biographies of each of the new directors follow below.
Mr. Geijer is currently a Board Member of The Sweden American Foundation, The British Swedish Chamber of Commerce and Skandia Liv AB. He has previously served as Chief Executive Officer of The Royal Bank of Scotland, Nordic Branch.
Mr. Larsson is currently Chairman of the Board of Nordnet and a Board Member of Lindorff Group, Oslo Norway. He has previously served as Head of Group Strategy & Business Development at Skandinaviska Enskilda Banken AB.
Change in SEKs External Auditor
As previously disclosed, the Board proposed, in accordance with the Audit Committees recommendation, at SEKs Annual General Meeting on March 22, 2017 (the 2017 Annual Meeting) that Öhrlings PricewaterhouseCoopers AB (PwC) serve as external auditors of SEK for a period of one year until the end of SEKs next Annual General Meeting in 2018. This proposal was adopted at the 2017 Annual Meeting. Accordingly, the engagement of SEKs existing auditors, Ernst & Young AB (E&Y), was not renewed. The change was made pursuant to corporate governance guidelines recommending periodic rotation of independent registered public accounting firms and was not the result of E&Ys resignation, dismissal or refusal to stand for re-election.
During the years ended December 31, 2016 and 2015 and during the period from January 1, 2017 through the date of this report, SEK has not consulted with PwC on (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that may be rendered on SEKs financial statements, and PwC has not provided either a written report or oral advice to SEK that PwC concluded was an important factor considered by SEK in reaching a decision as to any accounting, auditing, or financial reporting issue; or (ii) any matter that was the subject of any disagreement, as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions, or a reportable event as described in Item 16F(a)(1)(v) of Form 20-F.
For the years ended December 31, 2016 and 2015 and during the period from January 1, 2017 through the date of this report, there were no (a) disagreements with E&Y on any matter of accounting principles or practices, financial statement disclosure, or auditing scope procedure that, if not resolved to E&Ys satisfaction, would have caused E&Y to make reference to the subject matter thereof in connection with its reports for such years; or (b) reportable events that would be required to be described under Item 16F(a)(1)(v) of Form 20-F in connection with SEKs Annual Report on Form 20-F. The reports of E&Y on SEKs consolidated financial statements as of and for the years ended December 31, 2016 and 2015 did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as uncertainty, audit scope or accounting principles.
SEK provided E&Y with a copy of the disclosure it is making in this Amendment No. 1 and requested from E&Y a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures. A copy of E&Ys letter dated March 31, 2017 is filed as an exhibit hereto.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: March 31, 2017
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AKTIEBOLAGET SVENSK EXPORTKREDIT (publ) |
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(Swedish Export Credit Corporation) |
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By: |
/s/ Anna Finnskog |
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Anna Finnskog, Director/ Treasury |
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By: |
/s/ Jonas Ljungström |
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Jonas Ljungström, Director/ Treasury |
Exhibit 99.1
March 31, 2017
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read the section Change in SEKs External Auditor of the Amendment No. 1 on Form 6-K/A dated March 31, 2017, of Aktiebolaget Svensk Exportkredit (Swedish Export Credit Corporation) and are in agreement with the last sentence of the first paragraph of such section that the change was not the result of Ernst & Young ABs resignation, dismissal or refusal to stand for re-election and the third and fourth paragraphs of such section. We have no basis to agree or disagree with other statements of Swedish Export Credit Corporation contained therein.
Sincerely yours,
/s/ Ernst & Young AB |
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Stockholm, Sweden |
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