RATH AG
Remuneration Report 2021
www.rath-group.com
RATH AG
Remuneration Report 2021
CONTENTS
PRINCIPLES OF THE REMUNERATION POLICY | 4 | |
MANAGEMENT BOARD REMUNERATION | 4 | |
Overview | 4 | |
Variable/performance-related remuneration components | 4 | |
Fixed and other remuneration components | 5 | |
Remuneration of former members of the Management Board | 6 | |
SUPERVISORY BOARD REMUNERATION | 6 |
RATH AKTIENGESELLSCHAFT
REPORT ON THE REMUNERATION
OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD 2021
PRINCIPLES OF THE REMUNERATION POLICY
The remuneration report of RATH Aktiengesellschaft ("RATH AG" or the "Company") unifies the
remuneration of the Management Board and the Supervisory Board, taking into account the principles used to determine such remuneration.
The principles of the remuneration (the Remuneration Policy) of the members of the Management Board and the Supervisory Board of RATH AG were submitted to the Annual General Meeting on June 02, 2021, for voting and adopted. In the past business year 2021, there was no deviation from or adjustment to the group's remuneration policy.
MANAGEMENT BOARD REMUNERATION
OVERVIEW
The remuneration of the Management Board comprises fixed and variable/performance-related components and is structured as follows for the 2021 business year:
OTHER | TOTAL | |||||||||||
TITLE | NAME | FUNCTION | FIXED | VARIABLE | REMUNERATIONS | 2021 | ||||||
K€ | K€ | K€ | K€ | |||||||||
Andreas Pfneiszl | Member of the | 235 | 96 | 10 | 341 | |||||||
Management Board | ||||||||||||
Member of the | ||||||||||||
DI | Ingo Gruber | 235 | 93 | 10 | 338 | |||||||
Management Board | ||||||||||||
680 | ||||||||||||
OTHER | TOTAL | |||||||||||
TITLE | NAME | FUNCTION | FIXED | VARIABLE | REMUNERATIONS | 2020 | ||||||
K€ | K€ | K€ | K€ | |||||||||
Andreas Pfneiszl | Member of the | 217 | 0 | 10 | 227 | |||||||
Management Board | ||||||||||||
Member of the | ||||||||||||
DI | Ingo Gruber | 217 | 0 | 10 | 227 | |||||||
Management Board | ||||||||||||
454 | ||||||||||||
VARIABLE/PERFORMANCE-RELATED REMUNERATION COMPONENTS
At RATH AG, performance-related remunerations are not granted via stock options but are dependent on variable success criteria. Part of this is a predefined target achievement regarding the operating results and qualitative and quantitative goals.
4| PAGE
RATH AKTIENGESELLSCHAFT
REPORT ON THE REMUNERATION OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD 2021
The amount of the variable remuneration is limited to 50 % of the basic salary. Any amount exceeding this is credited as variable remuneration to the subsequent years. If the consolidated result falls below a defined minimum amount, this gives rise to a penalty, which is also carried forward to subsequent years and leads to a reduction in future variable salary components.
The variable/performance-related remuneration was regulated as follows for 2021:
ANDREAS PFNEISZL
PORTION | THEREOF PORTION | ACTUAL | GOAL | RANGE | |||||||
IN K€ | K€ | K€ | |||||||||
Monetary targets: | 85 % | ||||||||||
Sales-related | 53 % | 47 | 42 | 80 % to 120 % | |||||||
Profit-related: | |||||||||||
EBITDA | 47 % | 39 | 38 | 80 % to 120 % | |||||||
Individual goals: | 15 % | ||||||||||
Product launch | 100 % | 10 | 14 | ||||||||
Overall target achievement | 100 % | 96 | 94 | ||||||||
DI INGO GRUBER | |||||||||||
PORTION | THEREOF PORTION | ACTUAL | GOAL | RANGE | |||||||
IN K€ | K€ | K€ | |||||||||
Monetary targets: | 70 % | ||||||||||
Sales-related | 43 % | 30 | 28 | 80 % to 120 % | |||||||
Profit-related: | |||||||||||
EBITDA | 57 % | 39 | 38 | 80 % to 120 % | |||||||
Individual goals: | 30 % | ||||||||||
Production start of new product, | 100 % | 24 | 28 | ||||||||
facility concept | |||||||||||
Overall target achievement | 100 % | 93 | 94 | ||||||||
FIXED AND OTHER REMUNERATION COMPONENTS
The members of the Management Board were granted entitlements to pension benefits - life insurance. These are paid by RATH AG to the insurance company once a year. The amount of the pension entitlement is contractually fixed at € 10,000 per year and Management Board member and is not subject to indexation/increase in value. In the event of premature termination of the employment relationship, the contributions paid up to this point in time become vested for the Management Board.
PAGE | 5
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Rath AG published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 08:51:02 UTC.