Management Board Remuneration (Financial Year 2009/2010)
The total structure and amount of the remuneration of the
Management Board is established and periodically monitored by the
Human Resources Committee of the Supervisory Board of Heidelberger
Druckmaschinen Aktiengesellschaft.
The remunerations of the Management Board comprise:
Bernhard Schreier:
1) In accordance with the situation for pension-capable remuneration as of March 31
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Bernhard Schreier's term of office as a regular member of the Management Board runs for three years.
Dirk Kaliebe:
1) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Dirk Kaliebe's term of office as a regular member of the Management Board runs for three years.
Marcel Kießling:
1) For the period of membership on the Management Board during the period January 1 - March 31, 2010
2) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
3) Service cost and interest cost
4) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Marcel Kießling 's has been a member of the Management Board since January 2010. His term of office as a regular member of the Management Board runs for three years.
Stephan Plenz:
1) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Stephan Plenz has been a member of the Management Board since July 1, 2008. His term of office as a regular member of the Management Board runs for three years.
The remunerations of the Management Board comprise:
- a fixed yearly salary;
- annual variable remuneration;
- share-based remuneration as a variable remuneration component with a long-term incentive effect;
- in-kind remuneration; and
- a company pension.
Bernhard Schreier:
| Figures in € thousands
|
2008/2009 | 2009/2010 |
| Performance-neutral components | ||
| Base salary | 500 | 500 |
| Remuneration in kind | 30 | 6 |
| Performance-based remuneration | ||
| Bonus for the financial year | 150 | 250 3 |
| Cash remuneration | 680 | 756 |
| Components with long-term incentive effects | - | - |
| Remunerations | 680 | 756 |
| Number of PSUs under the LTI | 9,000 | 4,500 |
| Number of PSUs under the stock option program | 31,500 | 10,500 |
| Pension plan | ||
| Expected pension per annum at retirement age 1 | 371 | 371 |
| Defined benefit obligation | 3,380 | 4,485 |
| Pension plan according to IFRS 2 | 291 | 310 |
1) In accordance with the situation for pension-capable remuneration as of March 31
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Bernhard Schreier's term of office as a regular member of the Management Board runs for three years.
Dirk Kaliebe:
| Figures in € thousands
|
2008/2009 | 2009/2010 |
| Performance-neutral components | ||
| Base salary | 292 | 330 |
| Remuneration in kind | 18 | 18 |
| Performance-based remuneration | ||
| Bonus for the financial year | 88 | 165 3 |
| Cash remuneration | 398 | 513 |
| Components with long-term incentive effects | - | - |
| Remunerations | 398 | 513 |
| Number of PSUs under the LTI | 9.000 | 4.500 |
| Number of PSUs under the stock option program | 20.250 | 6.750 |
| Pension plan | ||
| Accrued pension capital at financial year-end | 262 | 366 |
| Pension contribution for the reporting year 1 | 88 | 96 |
| Defined benefit obligation | 371 | 519 |
| Pension plan according to IFRS 2 | 103 | 118 |
1) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Dirk Kaliebe's term of office as a regular member of the Management Board runs for three years.
Marcel Kießling:
| Figures in € thousands
|
2009/2010 |
| Performance-neutral components 1 | |
| Base salary | 75 |
| Remuneration in kind | 26 |
| Performance-based remuneration 1 | |
| Bonus for the financial year | 38 4 |
| Cash remuneration | 139 |
| Components with long-term incentive effects | - |
| Remunerations | 139 |
| Number of PSUs under the LTI | 1.800 |
| Number of PSUs under the stock option program | 6.750 |
| Pension plan | |
| Accrued pension capital at financial year-end | 153 |
| Pension contribution for the reporting year 1 | 34 |
| Defined benefit obligation | 271 |
| Altersversorgung nach IFRS 3 | 41 |
1) For the period of membership on the Management Board during the period January 1 - March 31, 2010
2) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
3) Service cost and interest cost
4) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Marcel Kießling 's has been a member of the Management Board since January 2010. His term of office as a regular member of the Management Board runs for three years.
Stephan Plenz:
| Figures in € thousands |
2008/2009
(1-Jul-08 - 31-Mar-09) |
2009/2010 |
| Performance-neutral components | ||
| Base salary | 225 | 313 |
| Remuneration in kind | 7 | 9 |
| Performance-based remuneration | ||
| Bonus for the financial year | 68 | 156 3 |
| Cash remuneration | 300 | 478 |
| Components with long-term incentive effects | - | - |
| Remunerations | 300 | 478 |
| Number of PSUs under the LTI | 3.600 | 1.800 |
| Number of PSUs under the stock option program | 20.250 | 6.750 |
| Pension plan | ||
| Accrued pension capital at financial year-end | 178 | 290 |
| Pension contribution for the reporting year 1 | 76 | 103 |
| Defined benefit obligation | 299 | 457 |
| Altersversorgung nach IFRS 3 | 82 | 120 |
1) In accordance with the situation for pension-capable remuneration as of March 31, excluding the yet-to-be-determined profit-related share
2) Service cost and interest cost
3) Already at the beginning of the reporting year, the members of the Management Board stated in advance that they will forgo half of the bonuses to which they are entitled for financial year 2009 / 2010 under the terms of their contracts
Stephan Plenz has been a member of the Management Board since July 1, 2008. His term of office as a regular member of the Management Board runs for three years.
Download |
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Detailed report on Compensation Report |
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As at: July 2010
