Siemens 2013 Annual Report Download - page 140

92 A. To our Shareholders 117 B. Corporate Governance
118 B. Corporate Governance Report
124 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(part of the Combined Management Report)
126 B. Compliance Report
129 B. Compensation Report
(part of the Combined Management Report)
148 B. Takeover-relevant information (pursuant to
Sections  para.  and  para.  of the
German Commercial Code) and explanatory report
(part of the Combined Management Report)

Former members of the Managing Board and their surviving
dependents received emoluments within the meaning of Sec-
tion  para.  No.  b of the HGB totaling €. million (:
€. million) in fiscal . This figure includes cash compen-
sation for the stock commitments for former Managing Board
member Wolfgang Dehen as a result of the spinoff of OSRAM
from the corporate group. Furthermore it includes the com-
pensatory payment connected with the mutually agreed pre-
mature termination of the Managing Board membership of
former President and CEO Peter Löscher as of July , , the
compensation for the remaining term of his employment con-
tract, i.e. for the months of August and September , as
well as a one-time special contribution to the BSAV. Former
President and CEO of the Managing Board Peter Löscher re-
ceived , Stock Awards pro-rata for the months of August
and September , which will be settled in cash according
to the provisions of the contract. Other than this, former
Managing Board members and their surviving dependents
received no Stock Awards (: no Stock Awards).
Pension benefit commitments
For fiscal , the members of the Managing Board were
granted contributions under the BSAV totaling €. million
(: €. million), based on a resolution of the Supervisory
Board dated November , . Of this amount, €. million
(: €. million) related to contributions to their personal
pension accounts and the remaining €. million (: €.
million) to funding of pension commitments earned prior to
transfer to the BSAV.
The contributions under the BSAV are added to the personal
pension accounts each January following the close of the fis-
cal year, with value date on January . Until the beneficiary ’s
time of retirement, the pension account is credited with an an-
nual interest payment (guaranteed interest), currently .%,
on January  of each year.
The following table shows individualized details of the contri-
butions (additions) under the BSAV for fiscal  as well as
the defined benefit obligations for the pension commitments.
Total contributions  for Defined benefit obligation  for all pension
commitments excluding deferred compensation 
(Amounts in €) FY  FY  FY  FY 
Managing Board members
serving as of September , 
Joe Kaeser 1,033,200 504,000 5,580,345 4,388,859
Dr. Roland Busch 541,800 504,000 2,008,718 1,446,910
Brigitte Ederer  504,000 504,000 2,446,95121,102,958
Klaus Helmrich 504,000 504,000 2,248,901 1,723,759
Barbara Kux 504,000 504,000 2,740,47922,201,9632
Prof. Dr. Hermann Requardt 541,800 504,000 5,094,071 4,433,581
Prof. Dr. Siegfried Russwurm 541,800 504,000 3,490,629 2,893,761
Peter Y. Solmssen 504,000 504,000 15,750,883214,862,4702
Dr. Michael Süß 541,800 504,000 2,353,756 1,789,619
Dr. Ralf P. Thomas 19,565 –1,970,651 –
Former members of the Managing Board
Peter Löscher 1,120,000 1,120,000 18,307,554214,717,3952
Total 6,355,965 5,656,000 61,992,938 51,936,101
1 The expenses (service costs) recognized in accordance
with IFRS in fiscal  for Managing Board members’
entitlements under the BSAV in fiscal  amounted
to €,, (: €,,).
2 The defined benefit obligations reflect one-time spe-
cial contributions to the BSAV of €,, (:
€,,) for new appointments from outside the
Company, as well as special contributions in connection
with departure from the Managing Board, in the amount
of €,, (: €,,) for Peter Löscher,
€, (: €) for Brigitte Ederer, €,
(: €,) for Barbara Kux and €,,
(: €,,) for Peter Y. Solmssen.
3 Deferred compensation totals €,, (:
€,,), including €,, for Joe Kaeser
(: €,,), €, for Klaus Helmrich
(: €,), €,, for Barbara Kux
(: €,,), €,, for Prof. Dr. Hermann
Requardt (: €,,) and €, (: €)
for Dr. Ralf P. Thomas.
4 Brigitte Ederer resigned from the Managing Board
effective at the end of the day on September , .
5 Dr. Ralf P. Thomas was elected a full member of the
Managing Board effective September , .
6 Peter Löscher resigned from the Managing Board
effective July , ; his employment agreement
ended effective September , .