029 / RECEIPT in EUR thousand

 

Max Conze8
Chairman of the Executive Board
since 06/01/2018

Conrad Albert
Deputy Chairman of the Executive Board and Group General Counsel
since 10/01/2011

Dr. Jan Kemper9
Group CFO and Executive Board Member Commerce
until 03/31/2019

Sabine Eckhardt10
Member of the Executive Board for Sales & Marketing
until 04/30/2019

 

 

 

2018

2017

2018

2017

2018

2017

2018

2017

 

 

1

Includes lease payments for use of company car and insurance premiums (excluding D&O). Dr. Gunnar Wiedenfels’ fringe benefits include additional benefits for chauffeur services. Thomas Ebeling’s fringe benefits include additional benefits for chauffeur services and flights home. Max Conze’s fringe benefits include additional benefits for the maintenance of two households and relocation costs. In Dr. Jan Kemper’s case, they include additional benefits for the maintenance of two households.

2

In addition to remuneration as members of the Executive Board, Dr. Gunnar Wiedenfels, Dr. Ralf Schremper and Sabine Eckhardt were paid amounts from multi-year variable compensation in the financial years 2017 and 2018 due to rights from the period before commencing their work as Executive Board members.

3

The Mid-Term Incentive Plan will be settled at 104% of the target bonus; the payment will be made in May 2019 in accordance with the terms and conditions of the plan.

4

The payment for the Group Share Plan 2013 includes an adjustment of the conversion factor for the performance share units granted (108%) measured in accordance with the terms and conditions of the plan with a share price as of the date the conversion factor was determined. No adjustments were made due to anti-dilution protection or an individual increase by the Supervisory Board.

5

The payment for the Group Share Plan 2014 includes an adjustment of the conversion factor for the performance share units granted (100%) measured in accordance with the terms and conditions of the plan with a share price as of the date the conversion factor was determined. No adjustments were made due to anti-dilution protection or an individual increase by the Supervisory Board.

6

Max Conze receives a one-time sign-on bonus of EUR 3 million and is obliged to use the net amount of the sign-on bonus, less the statutory deductions, to acquire shares in the Company worth EUR 1.5 million. Conrad Albert receives one-time compensation for his special services in connection with the CEO transition phase in financial year 2018. In financial year 2017, Dr. Jan Kemper received a compensation payment for forfeited entitlements from the stock option program of his previous employer.

7

Pension cost comprises service cost in accordance with IAS 19. In the case of Sabine Eckhardt and Dr. Jan Kemper for 2017 and Max Conze for 2018, this comprises past service costs as a result of pension commitments granted during the year.

8

Max Conze receives a pro rata, non-performance-based amount of EUR 735,000 as annual variable compensation for financial year 2018.

9

Dr. Jan Kemper will leave the Executive Board as of March 31, 2019. The termination of his employment contract also takes effect on March 31, 2019. To satisfy his entitlement to the performance bonus for financial year 2018, Dr. Jan Kemper receives a payment of EUR 423,000.

10

Sabine Eckhardt will leave the Executive Board as of April 30, 2019. The termination of her employment contract also takes effect on April 30, 2019. To satisfy her entitlement to the performance bonus for financial year 2018, Sabine Eckhardt receives a payment of EUR 321,000.

11

Thomas Ebeling left the Executive Board effective February 22, 2018; his employment contract ended effective February 22, 2018. The fixed and annual variable compensation shown relates to January to February 2018; the pension cost relates to the financial year 2018 as a whole. Thomas Ebeling’s entitlement to the annual variable compensation (performance bonus) for financial year 2018 was satisfied in full with the severance payment.

12

Christof Wahl left the Executive Board effective July 31, 2018; his employment contract ended effective July 31, 2018. The fixed and annual variable compensation shown relates to January to July 2018; the pension cost relates to the financial year 2018 as a whole. Christof Wahl’s entitlement to the annual variable compensation (performance bonus) for financial year 2018 was satisfied in full with the severance payment.

13

Dr. Gunnar Wiedenfels left the Executive Board effective March 31, 2017; his employment contract ended effective March 31, 2017. The fixed and annual variable compensation shown relates to January to March 2017; the pension cost relates to the financial year 2017 as a whole. Since the three-year waiting period for the contractual vesting was not reached, the pension agreement provides only for entitlements that Dr. Gunnar Wiedenfels obtained from deferred compensation. The performance share units from the Group Share Plan 2015 and 2016 vested as of the termination date in accordance with the terms and conditions of the plan are settled in cash; otherwise, the non-vested PSUs as of the termination date expire without compensation. As annual variable compensation (performance bonus), Dr. Gunnar Wiedenfels receives a pro rata, non-performance-based amount of EUR 81,250.

14

Dr. Ralf Schremper left the Executive Board effective July 31, 2017; his employment contract ended effective July 31, 2017. The fixed compensation shown relates to January to July 2017; the pension cost relates to the financial year 2017 as a whole. Dr. Ralf Schremper’s entitlement to the annual variable compensation (performance bonus) for financial year 2017 was satisfied in full with the severance payment.

Fixed compensation

857.5

–

1,100.0

725.0

980.0

379.2

810.0

510.0

 

 

Fringe benefits1

47.6

–

9.7

9.8

53.0

29.7

8.2

8.7

 

 

Total fixed compensation

905.1

–

1,109.7

734.8

1,033.0

408.9

818.2

518.7

 

 

Annual variable compensation

735.0

–

422.4

396.8

423.0

341.3

321.0

331.9

 

 

Multi-year variable compensation2

 

 

 

 

 

–

 

–

 

 

Mid-Term Incentive Plan (2016 – 2018)3

–

–

1,040.0

–

692.6

–

693.3

–

 

 

Group Share Plan (2013 – 2016)4

–

–

–

1,048.3

–

–

–

–

 

 

Group Share Plan (2014 – 2017)5

–

–

774.9

–

–

–

–

–

 

 

Group Share Plan (2015 – 2018)

–

–

–

–

–

–

–

–

 

 

Group Share Plan (2016 – 2019)

–

–

–

–

–

–

–

–

 

 

Other6

3,000.0

–

73.0

–

–

2,000.0

–

–

 

 

Total variable compensation

3,735.0

–

2,310.3

1,445.1

1,115.6

2,341.3

1,014.3

331.9

 

 

Pension cost7

142.9

–

129.7

127.0

103.4

59.1

86.8

85.0

 

 

Total compensation (GCGC)

4,783.0

–

3,549.7

2,306.9

2,252.0

2,809.3

1,919.3

935.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan David Frouman
Executive Board Member Content Production & Global Sales
until 02/28/2019

Thomas Ebeling11
Group CEO
until 02/22/2018

Christof Wahl12
COO Entertainment
until 07/31/2018

Dr. Gunnar Wiedenfels13
Group CFO
until 03/31/2017

Dr. Ralf Schremper14
Chief Investment Officer — CIO
until 07/31/2017

 

2018

2017

2018

2017

2018

2017

2018

2017

2018

2017

Fixed compensation

855.0

555.0

166.7

1,000.0

297.5

510.0

–

127.5

–

297.5

Fringe benefits1

9.7

9.7

11.0

120.2

5.5

8.0

–

4.2

–

7.1

Total fixed compensation

864.7

564.7

177.7

1,120.2

303.0

518.0

–

131.7

–

304.6

Annual variable compensation

215.6

162.5

–

832.0

–

322.4

–

81.3

–

0.0

Multi-year variable compensation2

 

 

 

 

 

 

 

 

 

 

Mid-Term Incentive Plan (2016 – 2018)3

1,040.0

–

–

–

–

–

–

–

–

–

Group Share Plan (2013 – 2016)4

–

–

–

1,310.4

–

–

–

–

–

–

Group Share Plan (2014 – 2017)5

–

–

–

–

–

–

–

–

–

–

Group Share Plan (2015 – 2018)

–

–

–

–

–

–

–

319.9

–

–

Group Share Plan (2016 – 2019)

–

–

–

–

–

–

–

200.0

–

–

Other6

–

–

–

–

–

–

–

–

–

–

Total variable compensation

1,255.6

162.5

0.0

2,142.4

0.0

322.4

–

601.2

–

0.0

Pension cost7

96.0

91.6

213.0

209.2

92.9

88.0

–

84.2

–

89.4

Total compensation (GCGC)

2,216.3

818.8

390.7

3,471.8

395.9

928.4

–

817.1

–

394.0