Compensation system for the Supervisory Board
The following paragraph describes the current compensation system for the Supervisory Board. It is planned to submit a new compensation system, which will contain only fixed compensation components, to the Annual General Meeting on May 7, 2021 for approval by the shareholders.
The compensation paid to the members of the Supervisory Board is set out in Article 15 of Dürr AG’s articles of incorporation. The compensation system for the Supervisory Board stipulates that each member receive a fixed annual compensation payment of €40,000. Members are also entitled to a €1,000 attendance fee for each meeting attended, plus reimbursement of expenses. The variable compensation is based on the three-year rolling average EBT margin and must not exceed €24,000. The Chairman of the Supervisory Board receives three times the total compensation paid to a regular member; each Deputy Chair receives one and a half times the total compensation paid to a regular member. The compensation paid to the members of the Audit Committee is €10,000 per year, while the members of the Personnel Committee receive €5,000 per year. The chairs of both committees receive three times the compensation paid to a regular member. The members of the Nominating Committee are entitled to a compensation payment of €2,500 per meeting, with the Chair receiving one and a half times that amount. Any members serving on the Supervisory Board or in a committee for only a part of the fiscal year are remunerated on a time-proportionate basis.
Total compensation paid to the members of the Supervisory Board in 2020 was €1,002,000, after €1,161,000 in the previous year.
| € | Basic remuneration |
Remuneration for committee membership | Attendance fees3 | Variable remuneration | Total |
|
Gerhard Federer1 Chairman (since May 28, 2020) | 101,666.67 | 42,250.00 | 36,000.00 | - | 179,916.67 |
| (2019) | (55,000.00) | (49,500.00) | (32,000.00) | (13,500.00) | (150,000.00) |
|
Karl-Heinz Streibich Chairman (until May 28, 2020) | 50,000.00 | 13,750.00 | 6,000.00 | - | 69,750.00 |
| (2019) | (120,000.00) | (15,000.00) | (11,000.00) | (40,500.00) | (186,500.00) |
|
Hayo Raich1,2,4 Deputy Chairman | 63,000.00 | 5,000.00 | 14,900.00 | - | 82,900.00 |
| (2019) | (63,000.00) | (5,000.00) | (11,600.00) | (20,250.00) | (99,850.00) |
|
Richard Bauer Additional Deputy Chairman | 60,000.00 | 10,000.00 | 15,000.00 | - | 85,000.00 |
| (2019) | (60,000.00) | (5,000.00) | (7,000.00) | (20,250.00) | (92,250.00) |
| Mirko Becker2,4 | 40,000.00 | 10,000.00 | 14,000.00 | - | 64,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (11,000.00) | (13,500.00) | (74,500.00) |
| Dr. Rolf Breidenbach | 40,000.00 | - | 9,000.00 | - | 49,000.00 |
| (2019) | (40,000.00) | (-) | (6,000.00) | (13,500.00) | (59,500.00) |
| Prof. Dr. Dr. Alexandra Dürr | 40,000.00 | 15,000.00 | 13,000.00 | - | 68,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (10,000.00) | (13,500.00) | (73,500.00) |
| Carmen Hettich-Günther1,2,4 | 60,000.00 | 13,500.00 | 31,000.00 | - | 104,500.00 |
| (2019) | (62,500.00) | (12,000.00) | (30,000.00) | (28,500.00) | (133,000.00) |
| Thomas Hohmann4 | 40,000.00 | - | 8,000.00 | - | 48,000.00 |
| (2019) | (40,000.00) | (-) | (6,000.00) | (13,500.00) | (59,500.00) |
| Dr. Anja Schuler1 | 50,000.00 | 7,500.00 | 23,000.00 | - | 80,500.00 |
| (2019) | (50,000.00) | (4,500.00) | (20,000.00) | (13,500.00) | (88,000.00) |
| Dr. Martin Schwarz-Kocher2,4 | 40,000.00 | 10,000.00 | 12,000.00 | - | 62,000.00 |
| (2019) | (40,000.00) | (10,000.00) | (11,000.00) | (13,500.00) | (74,500.00) |
| Dr. Astrid Ziegler2,4 | 40,000.00 | 5,000.00 | 14,000.00 | - | 59,000.00 |
| (2019) | (40,000.00) | (5,000.00) | (11,000.00) | (13,500.00) | (69,500.00) |
|
Arnd Zinnhardt (since May 28, 2020) | 23,333.33 | 17,500.00 | 9,000.00 | - | 49,833.33 |
| (2019) | (-) | (-) | (-) | (-) | (-) |
| Total | 648,000.00 | 149,500.00 | 204,900.00 | - | 1,002,400.00 |
| (Total 2019) | (650,500.00) | (126,000.00) | (166,600.00) | (217,500.00) | (1,160,600.00) |
1 Also member of the Supervisory Board of Dürr Systems AG or HOMAG Group AG and HOMAG GmbH
2 These employee representatives have declared that they will transfer their remuneration to the Hans-Böckler Foundation in keeping with the guidelines of the German Federation of Trade Unions
3 For Supervisory Board and committee meetings
4 Employee representative