Supervisory Board remuneration

Remuneration system

The Supervisory Board’s remuneration is defined in article 18 of KION GROUP AG’s articles of incorporation. Members of the Supervisory Board receive fixed remuneration plus reimbursement of out-of-pocket expenses. The annual remuneration amounts to €45,000 for ordinary members of the Supervisory Board, €75,000 for the deputy chairman of the Supervisory Board and €105,000 for the chairman of the Supervisory Board.

Additional remuneration is paid for being a member or chairman of a committee, although this does not apply in the case of the Nomination Committee or the Mediation Committee pursuant to section 27 (3) German Codetermination Act (MitbestG). The annual remuneration for members of a committee is €8,000, while the chairman of a committee receives double this amount.

If a member of the Supervisory Board or one of its committees does not hold the position for a full financial year, remuneration is reduced pro rata temporis.

The members of the Supervisory Board receive an attendance fee of €1,250 per day for meetings of the Supervisory Board and its committees, although they only receive this amount once if they attend more than one meeting on the same day.

The Company reimburses each member for any VAT incurred in connection with his remuneration.

A D&O insurance policy without an excess has been taken out for the members of the Supervisory Board.

Remuneration paid to members of the Supervisory Board in 2013

The total remuneration paid to Supervisory Board members for 2013, including the remuneration paid for the period when they were members of the Supervisory Board of KION Holding 1 GmbH, was €1,207,018. Excluding the remuneration for the period in which they were members of the Supervisory Board of KION Holding 1 GmbH, i.e. for the period since the effective date of the change of legal form on 4 June 2013 only, the total remuneration paid to the Supervisory Board members for 2013 was €745,826. Of this amount, €649,703 was attributable to remuneration for activities carried out by the Supervisory Board. The remuneration paid for committee work totalled €96,123. The table below shows the remuneration paid to each Supervisory Board member for 2013, including the remuneration paid for the period when they were members of the Supervisory Board of KION Holding 1 GmbH. >> Table 010

In 2013, no company in the KION Group paid or granted any remuneration or other benefits to members of the Supervisory Board for services provided as individuals, such as consulting or brokerage activities. No advances or loans were granted to members of the Supervisory Board either.

Supervisory Board remuneration

>> TABLE 010

 

Fixed remuneration

Committee remuneration

Attendance fees

Total remuneration

 

 

 

 

 

Dr John Feldmann (Chairman)

€102,356

€14,710

€48,493

€165,559

Joachim Hartig (Deputy Chairman)

€74,188

€5,503

€46,117

€125,808

Holger Brandt

€38,671

 

€23,500

€62,171

Dr Alexander Dibelius

€46,019

€5,503

€31,240

€82,762

Denis Heljic

€29,783

€4,903

€10,413

€45,099

Dr Martin Hintze

Johannes P. Huth

€56,578

€1,539

€21,220

€79,338

Thilo Kämmerer

€46,019

€5,503

€34,215

€85,737

Dr Roland Köstler

€32,522

€3,104

€31,240

€66,865

Jiang Kui

€56,578

€6,029

€26,701

€89,308

Özcan Pancarci

€29,783

€8,925

€38,708

Kay Pietsch

€46,019

€10,407

€41,060

€97,485

Hans Peter Ring

€30,810

€9,807

€8,925

€49,542

Alexandra Schädler

€13,351

€2,373

€2,975

€18,699

Silke Scheiber

€56,578

€770

€28.898

€86.246

Tan Xuguang

€37.879

€1.829

€39.708

Hans-Peter Weiß

€46,019

€27,965

€73,984

Total

€743,151

€70,152

€393,715

€1,207,018