Siemens 2013 Annual Report Download - page 136

Managing Board members serving as of September 30, 2013
(amounts in €)
Non-performance-
based components
Fixed compensation (base compensation)
Fringe benefits1
Total
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component (GCGC)
2
with long-term incentive
effect, stock-based
Multi-year variable compensation
3, 4
Variable compensation (bonus) – Bonus Awards
, 
Siemens Stock Awards (restriction period:  years)
Target attainment depending on EPS for past three fiscal years
5
Target attainment depending on future stock performance
6
Total
Service cost
Total (GCGC) 
Total compensation of all Managing Board members for fiscal , according to the applicable reporting standards, amounted
to €. million (: €. million). The granted payout amount presented below is to be used instead of the target value
according to the GCGC for the one-year variable compensation (bonus), and service costs for pension benefits are not included.
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component
2
Total compensation
Managing Board members serving as of September 30, 2013
(amounts in €)
Non-performance-
based components
Fixed compensation (base compensation)
Fringe benefits1
Total
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component (GCGC)
2
with long-term incentive
effect, stock-based
Multi-year variable compensation
3, 4
Variable compensation (bonus) – Bonus Awards
, 
Siemens Stock Awards (restriction period:  years)
Target attainment depending on EPS for past three fiscal years
5
Target attainment depending on future stock performance
6
Total
Service cost
Total (GCGC) 
Total compensation of all Managing Board members for fiscal , according to the applicable reporting standards, amounted
to €. million (: €. million). The granted payout amount presented below is to be used instead of the target value
according to the GCGC for the one-year variable compensation (bonus), and service costs for pension benefits are not included.
Performance-based
components
without long-term incentive
effect, non-stock-based
One-year variable compensation (bonus) –
Cash component
2
Total compensation
1 Fringe benefits include costs, or the cash equiva-
lent, of non-monetary benefits and other perqui-
sites, such as provision of Company cars in the
amount of €, (: €,), contribu-
tions toward the cost of insurance in the amount
of €, (: €,), reimbursement of fees
for legal advice, tax advice and accommodation
and moving expenses, including any taxes that
have been assumed in this regard as well as costs
connected with preventive medical examinations,
in the amount of €, (: €,).
2 The Supervisory Board adjusted the bonus payout
amounts resulting from target attainment for all
Managing Board members downward by %.
In addition, the Supervisory Board made further
adjustments on an individual basis as follows: Joe
Kaeser upward by %; Dr. Roland Busch downward
by % and Prof. Dr. Hermann Requardt upward by %.
3 The figures for individual maximums for multi-year
variable compensation reflect the possible maxi-
mum as of the date of award; depending on stock
price performance, this value may be higher at the
disbursement date after the expiration of the four-
year waiting or restriction period. Beginning in
fiscal , in keeping with the recommendations
of the GCGC, maximum amount limits apply for
multi-year variable compensation and for compen-
sation overall; these are explained in Section
B.... REVISIONS OF THE REMUNERATION SYSTEM
FOR THE MANAGING BOARD FOR FISCAL .
4 The expenses recognized for stock-based com-
pensation (Bonus Awards and Stock Awards) and
for the Share Matching Plan for members of the
Managing Board in accordance with IFRS in fiscal
 and  amounted to €,, and
€,,, respectively. The following amounts
pertained to the members of the Managing
Board in fiscal : Joe Kaeser €,,
(: €,,), Dr. Roland Busch €,,
(: €,), Brigitte Ederer €,,
(: €,), Klaus Helmrich €,,
(: €,), Barbara Kux €,, (:
Joe Kaeser
Dr. Roland Busch Brigitte Ederer 
President and CEO since August ,  Member with responsibilities for Sector portfolio Member of the Managing Board
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
900,000 1,113,750 1,113,750 1,113,750 900,000 967,500 967,500 967,500 900,000 900,000 900,000 900,000
72,935 71,843 71,843 71,843 49,771 48,591 48,591 48,591 27,697 42,571 42,571 42,571
972,935 1,185,593 1,185,593 1,185,593 949,771 1,016,091 1,016,091 1,016,091 927,697 942,571 942,571 942,571
450,000 556,875 0 1,336,500 450,000 483,750 0 1,161,000 450,000 900,000 0 2,160,000
2,796,444 2,542,970 0 4,886,500 1,799,038 1,551,574 0 3,161,000 1,860,202 1,117,734 0 2,000,000
611,965 558,881 0 1,336,500 550,801 433,840 0 1,161,000 611,965 00 0
0 3,550,000 0 2,000,000 0 2,000,000
1,347,557 1,047,315 770,005 590,020 770,005 590,020
836,922 936,774 478,232 527,714 478,232 527,714
4,219,379 4,285,438 1,185,593 7,408,593 3,198,809 3,051,415 1,016,091 5,338,091 3,237,899 2,960,305 942,571 5,102,571
530,970 504,323 504,323 504,323 547,713 520,736 520,736 520,736 552,904 525,886 525,886 525,886
4,750,349 4,789,761 1,689,916 7,912,916 3,746,522 3,572,151 1,536,827 5,858,827 3,790,803 3,486,191 1,468,457 5,628,457
611,955 558,849 550,760 433,819 611,955 855,148
4,381,334 4,287,412 3,299,569 3,001,484 3,399,854 2,915,453
Prof. Dr. Siegfried Russwurm Peter Y. Solmssen  Dr. Michael Süß
Member with responsibilities for Sector portfolio Member of the Managing Board Member with responsibilities for Sector portfolio
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
FY  FY  FY 
(min)
FY 
(max)
900,000 967,500 967,500 967,500 900,000 900,000 900,000 900,000 900,000 967,500 967,500 967,500
42,146 42,134 42,134 42,134 33,498 32,977 32,977 32,977 49,089 36,158 36,158 36,158
942,146 1,009,634 1,009,634 1,009,634 933,498 932,977 932,977 932,977 949,089 1,003,658 1,003,658 1,003,658
450,000 483,750 0 1,161,000 450,000 450,000 0 1,080,000 450,000 483,750 0 1,161,000
1,860,202 1,856,952 0 3,661,000 1,860,202 1,545,347 0 3,080,000 1,860,202 1,577,456 0 3,161,000
611,965 459,722 0 1,161,000 611,965 427,613 0 1,080,000 611,965 459,722 0 1,161,000
0 2,500,000 0 2,000,000 0 2,000,000
770,005 737,545 770,005 590,020 770,005 590,020
478,232 659,685 478,232 527,714 478,232 527,714
3,252,348 3,350,336 1,009,634 5,831,634 3,243,700 2,928,324 932,977 5,092,977 3,259,291 3,064,864 1,003,658 5,325,658
546,850 519,915 519,915 519,915 553,236 526,160 526,160 526,160 558,008 530,392 530,392 530,392
3,799,198 3,870,251 1,529,549 6,351,549 3,796,936 3,454,484 1,459,137 5,619,137 3,817,299 3,595,256 1,534,050 5,856,050
611,955 459,642 611,955 427,574 611,955 459,642
3,414,303 3,326,228 3,405,655 2,905,898 3,421,246 3,040,756
€1,493,576), Prof. Dr. Hermann Requardt €1,686,929
(2012: €1,605,244), Prof. Dr. Siegfried Russwurm €1,653,844
(2012: €1,571,872), Peter Y. Solmssen €1,566,874 (2012:
€1,566,372), Dr. Michael Süß €1,091,934 (2012: €735,167)
and Dr. Ralf P. Thomas €19,572 (2012: €0). The corresponding
expense recognized for former President and CEO Peter
Löscher came to €8,261,949 (2012: €3,757,710).
5 For Stock Awards for which the target attainment depends
on the EPS for the past three fiscal years, and for Bonus
Awards, the fair value at the date of award is equivalent to
the respective monetary value.
6 The monetary values referred to a 100% target attainment
amounted to €6,197,430 (2012: €6,125,302). The following
amounts pertained to the members of the Managing Board:
Joe Kaeser €887,577 (2012: €875,062), Dr. Roland Busch
€500,000 (2012: €500,026), Brigitte Ederer €500,000
(2012: €500,026), Klaus Helmrich €500,000
(2012: €500,026), Barbara Kux €500,000 (2012: €500,026),
Prof. Dr. Hermann Requardt €625,041 (2012: €500,026),
Prof. Dr. Siegfried Russwurm €625,041 (2012: €500,026),
Peter Y. Solmssen €500,000 (2012: €500,026), Dr. Michael
Süß €500,000 (2012: €500,026) and Dr. Ralf P. Thomas
€18,117 (2012: €0). The corresponding monetary value
for former President and CEO Peter Löscher amounted to
€1,041,654 (2012: €1,250,032).
7 The total compensation reflects the current fair value of
stock-based compensation components. On the basis of
the current monetary values of stock-based compensation
components, total compensation amounted to €34,236,151
(2012: €39,874,058).
80 The Supervisory Board increased the annual target
amount for the monetary value of the Stock Awards
commitment for fiscal 2013 by 75% for Joe Kaeser, to
€1,750,000, and by 25% each for Prof. Dr. Hermann
Requardt and Prof. Dr. Siegfried Russwurm, to
€1,250,000.
90 Brigitte Ederer resigned from the Managing Board
effective at the end of the day on September 30, 2013.
According to the provisions of the contract, the variable
compensation (bonus) for fiscal 2013 will be granted
fully in cash and the Siemens Stock Awards for fiscal
2013 will be settled in cash.
10 Peter Y. Solmssen will be reimbursed for relocation
expenses incurred by him upon termination of his
membership on the Managing Board.