Remuneration Report of the
Supervisory Board and the
Management Board
The remuneration report is available for ten years on the company's website in the Investor Relations section (https://ir.voltabox.ag/, under "Publications / Annual Financial Reports"). The auditor's report is filed accordingly.
Remuneration of the Management Board
The remuneration of the members of the Management Board currently consists exclusively of annual fixed remuneration and fringe benefits. The total remuneration of the Management Board includes salaries and short-term benefits amounting to € 172 thousand (prior year: € 138 thousand) and comprises fixed components amounting to € 172 thousand (prior year: € 134 thousand) as well as variable components and bonuses amounting to € 0 thousand (prior year: € 5 thousand).
The benefits granted and received were in accordance with the relevant remuneration system. The members of the Management Board were not promised or granted any remuneration by a third party for their Management Board activities in the fiscal year.
The following table shows the benefits granted to members of the Management Board in the reporting year:
Jürgen Pampel | Patrick Zabel | |||||||
CEO | CEO | |||||||
Entry date: Aug. 9, 2017 | Entry date: Mar. 16, 2022 | |||||||
Benefits granted | Leaving date: Mar. 31, 2022 | |||||||
In € | 2023 | 2022 | 2023 | 2022 | ||||
Fixed remuneration | 0 | 54.000 | 171.824,07 | 0* | ||||
Benefits after termination of the | 0 | 79.812,84 | 0 | 0 | ||||
employment relationship | ||||||||
Variable remuneration | 0 | 4.537,11 | 0 | 0 | ||||
Total | 0 | 138.349,59 | 171.824,07 | 0 | ||||
Share of total remuneration | 0,0% | 100 % | 100 % | 0,0 %* | ||||
Annual amount to be offset against the | ||||||||
multi-year variable remuneration | 0 | 0 | 0 | 0 | ||||
Total | 0 | 138.349,59 | 171.824,07 | 0 | ||||
Share of total remuneration | 0,0 % | 100 % | 100 % | 0 % | ||||
Total remuneration | 0 | 138.349,59 | 171.824,07 | 0 |
- In addition, the following third-party remuneration was received: Patrick Zabel received third-party benefits in ac- cordance with Section 162 para. 2 no. 1 AktG amounting to € 48,000 thousand in the 2023 fiscal year (prior year: € 192 thousand).
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Annual Report 2023
No shares were granted or promised. Furthermore, no share options were implemented. Furthermore, no use was made of the option to reclaim variable remuneration components.
With regard to the remuneration of each individual member of the Management Board, the remuneration report must also contain information on benefits promised or granted to a Management Board member by a third party in the fiscal year with regard to their activities as a Management Board member in accordance with Section 162 para. 2 no. 1 AktG. Not only benefits for, but also benefits with regard to the activity as a member of the Management Board must be disclosed. This means that all benefits that are materially related to the Management Board activity must be presented over and above the actual remuneration for the Management Board activity.
The third-party remuneration resulted from a service agreement concluded between Trionity Invest GmbH and Voltabox AG and relates to the activities of the Management Board. Voltabox AG paid € 0 thousand (prior year:
- 75 thousand) to Trionity Invest GmbH for this in the 2023 fiscal year. The service agreement between Trionity Invest GmbH and Voltabox AG was not extended. The Management Board has been employed by Voltabox AG since April 1, 2023.
Figures in €'000 | 2020 | 2021 | 2022 | 2023 | ||||
Remuneration granted Jürgen | ||||||||
Pampel | 325 | 308 | 59 | 0 | ||||
Remuneration granted Dr. | ||||||||
Burkhard Leifhelm | 124 | 180 | 0 | 0 | ||||
Remuneration granted to | ||||||||
Patrick Zabel | 108 | 170 | 0 | 172 | ||||
EBITDA development compared | ||||||||
to the previous year | -69 % | 79 % | 38 % | 8 % | ||||
Average remuneration of | ||||||||
all salaried employees | ||||||||
on a full-time equivalent | ||||||||
basis worldwide in relation | ||||||||
to Management Board | ||||||||
remuneration | 3 % | 11 % | 5 % | 16 % |
There were no deviations from the remuneration system. The resolution of the Annual General Meeting on the new remuneration structure will be taken into account in new Management Board contracts.
As a member of the voluntary Supervisory Board of ForkOn GmbH, Patrick Zabel did not receive any remune- ration.
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Remuneration of the Supervisory Board
In accordance with the Articles of Association, the remuneration of the members of the Supervisory Board is determined by the Annual General Meeting, which decides on the discharge of the members of the Supervisory Board.
In accordance with the Articles of Association, the members of the Supervisory Board receive fixed remuneration of € 10,000. The Chairman of the Supervisory Board receives € 20,000 and the Deputy Chairman of the Supervisory Board receives € 15,000 per fiscal year. If a member is only a member of the Supervisory Board for part of the fiscal year, the remuneration is determined pro rata temporis.
The members of the Supervisory Board are included in a pecuniary loss liability insurance policy taken out by the company in favor of the members of the Management Board and Supervisory Board at standard market conditions.
In addition, the members of the Supervisory Board are reimbursed for their reasonable and documented expenses incurred in the performance of their duties as well as any value added tax payable on the Supervisory Board remuneration, insofar as they are entitled to invoice the company separately for value added tax and exercise this right.
The members of the Supervisory Board received fixed remuneration of € 45 thousand in the reporting year (prior year: € 45 thousand).
The following table shows the remuneration of the members of the Supervisory Board:
Herbert Hilger | Roland Mackert | Toni Junas | ||||||||||
Chairman of the | Deputy Chairman of | Member of the | ||||||||||
Supervisory Board | the Supervisory Board | Supervisory Board | ||||||||||
In € | as of Nov. 22, 2021 | as of Nov. 22, 2021 | as of Nov. 22, 2021 | |||||||||
2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||||||
Fixed remuneration | 20.000 | 20.000 | 15.000 | 15.000 | 10.000 | 10.000 | ||||||
Total remuneration | 20.000 | 20.000 | 15.000 | 15.000 | 10.000 | 10.000 |
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Annual Report 2023
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Voltabox AG published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2024 07:07:04 UTC.