017 / COMPENSATION OF EXECUTIVE BOARD MEMBERS FOR THE FINANCIAL YEAR 2018 IN ACCORDANCE WITH GAS 17 in EUR thousand

 

Max Conze5
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 Kemper6
Group CFO and Executive Board Member Commerce
until 03/31/2019

Sabine Eckhardt7
Member of the Executive Board for Sales & Marketing
until 04/30/2019

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

 

2018

2017

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

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.

3

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.

4

Defined benefit obligation (DBO) as of December 31 of the period under review.

5

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

6

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.

7

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.

8

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; in accordance with the termination agreement, the pension obligations relate to the period up to and including June 2019. Thomas Ebeling’s entitlement to the annual variable compensation (performance bonus) for financial year 2018 was satisfied in full with the severance payment. The Mid-Term Incentive Plan was settled prematurely for the plan years 2016 to 2018 via a payment equal to the target value, i.e. EUR 1.5 million.

9

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; in accordance with the termination agreement, the pension obligations relate to the period up to and including April 2019. Christof Wahl’s entitlement to the annual variable compensation (performance bonus) for financial year 2018 was satisfied in full with the severance payment. The Mid-Term Incentive Plan was settled prematurely for the plan years 2016 to 2018 via a payment equal to the target value, i.e. EUR 1.0 million.

10

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 obligations relate 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.

11

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 obligations relate 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

855.0

555.0

Fringe benefits1

47.6

–

9.7

9.8

53.0

29.7

8.2

8.7

9.7

9.7

Total fixed compensation

905.1

–

1,109.7

734.8

1,033.0

408.9

818.2

518.7

864.7

564.7

Annual variable compensation

735.0

–

422.4

396.8

423.0

341.3

321.0

331.9

215.6

162.5

Multi-year variable compensation

 

 

 

 

 

 

 

 

 

 

Mid-Term Incentive Plan (2016 – 2018)2

–

–

1,040.0

–

692.6

–

693.3

–

1,040.0

–

Group Share Plan (2017 – 2020)

–

–

–

800.0

–

800.0

–

800.0

–

800.0

Performance Share Plan (2018 – 2021)

857.5

–

1,100.0

–

980.0

–

810.0

–

810.0

–

Other3

3,000.0

–

73.0

–

–

2,000.0

–

–

–

–

Total variable compensation

4,592.5

–

2,635.4

1,196.8

2,095.6

3,141.3

1,824.3

1,131.9

2,065.6

962.5

Total compensation

5,497.6

–

3,745.1

1,931.6

3,128.6

3,550.2

2,642.5

1,650.6

2,930.3

1,527.2

Increase of pension obligation (DBO)

142.9

–

777.4

493.5

172.6

59.1

175.2

85.0

211.4

291.7

thereof entitlements from deferred compensation

–

–

358.2

352.3

–

–

–

–

– 2.9

194.0

Amount of pension obligation (DBO)4

142.9

–

2,387.2

1,609.8

231.7

59.1

260.2

85.0

622.1

410.7

thereof entitlements from deferred compensation

–

–

1,172.6

814.4

–

–

–

–

235.3

238.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thomas Ebeling8
Group CEO
until 02/22/2018

Christof Wahl9
COO Entertainment
until 07/31/2018

Dr. Gunnar Wiedenfels10
Group CFO
until 03/31/2017

Dr. Ralf Schremper11
Chief Investment Officer — CIO
until 07/31/2017

Total

 

2018

2017

2018

2017

2018

2017

2018

2017

2018

2017

Fixed compensation

166.7

1,000.0

297.5

510.0

–

127.5

–

297.5

5,066.7

4,104.2

Fringe benefits1

11.0

120.2

5.5

8.0

–

4.2

–

7.1

144.7

197.4

Total fixed compensation

177.7

1,120.2

303.0

518.0

–

131.7

–

304.6

5,211.4

4,301.6

Annual variable compensation

–

832.0

–

322.4

–

81.3

–

0.0

2,117.0

2,468.2

Multi-year variable compensation

 

 

 

 

 

 

 

 

 

 

Mid-Term Incentive Plan (2016 – 2018)2

1,500.0

–

1,000.0

–

–

–

–

–

5,966.0

–

Group Share Plan (2017 – 2020)

–

–

–

800.0

–

–

–

–

 

4,000.0

Performance Share Plan (2018 – 2021)

–

–

–

–

–

–

–

–

4,557.5

–

Other3

–

–

–

–

–

–

–

–

3,073.0

2,000.0

Total variable compensation

1,500.0

832.0

1,000.0

1,122.4

–

81.3

–

0.0

15,713.5

8,468.2

Total compensation

1,677.7

1,952.2

1,303.0

1,640.4

–

213.0

–

304.6

20,924.8

12,769.7

Increase of pension obligation (DBO)

1,404.1

503.3

141.7

94.2

–

–139.2

–

187.2

3,025.3

1,574.8

thereof entitlements from deferred compensation

1,024.1

253.7

–

–

–

5.3

–

–

1,379.4

805.3

Amount of pension obligation (DBO)4

11,279.3

9,875.2

293.4

151.7

–

328.1

–

340.6

15,216.9

12,860.3

thereof entitlements from deferred compensation

9,009.0

7,984.9

–

–

–

328.1

–

–

10,416.9

9,365.6