2011 Annual Report - OTCIQ.com

Compensation of the Members of the Board of
Management
There was no general adjustment of Board of Management
compensation in 2011. At its meeting on March 8, 2011, the
Supervisory Board passed a resolution to adjust the compensation
of Dr. Teyssen and Dr. Schenck effective September 1, 2011.
The Supervisory Board determined that the Board of Management’s
compensation is appropriate. In accordance with
VorstAG’s provisions, the Supervisory Board made this determination
in particular by means of horizontal comparisons.
The figures for performance rights granted do not indicate
actual payments in 2011 but rather indicate values, based on
commercial principles, of the performance rights granted in
2011. The payout of the performance rights from the sixth
tranche will be calculated at the end of 2014 on the basis of
E.ON’s stock price and the value-added factor. As a result,
the payout figures could be higher or lower than the figures
shown here.
CEO Letter
E.ON Stock
Combined Group Management Report
Consolidated Financial Statements
Corporate Governance Report
Supervisory Board and Board of Management
Tables and Explanations
The Board of Management’s compensation was subject to a
market comparison with compensation at companies of similar
size and in similar industries.
The total compensation of the members of the Board of Management
in the 2011 financial year amounted to €17.6 million
(2010: €15.4 million). Individual members of the Board of Management
were paid the following total compensation:
Compensation of the Board of Management for 2011
Value of the
Number of
6th tranche
6th tranche
Fixed annual
Other of perfor-
performance
compencompenmance
rights
rights
€
sation Bonus sation granted Total granted
Dr. Johannes Teyssen 1,160,000 2,143,000 27,425 1,212,186 4,542,611 60,188
Jørgen Kildahl 700,000 1,032,000 247,796 538,745 2,518,541 26,750
Prof. Dr. Klaus-Dieter Maubach 700,000 1,016,000 448,843 538,745 2,703,588 26,750
Dr. Bernhard Reutersberg 700,000 1,130,000 24,041 538,745 2,392,786 26,750
Dr. Marcus Schenck 800,000 1,548,000 23,724 718,333 3,090,057 35,667
Regine Stachelhaus 700,000 1,016,000 59,852 538,745 2,314,597 26,750
Total 4,760,000 7,885,000 831,681 4,085,499 17,562,180 202,855
To indicate how the compensation plan works, the table below
shows Board of Management members’ compensation for
2011 including the amounts calculated from the settlement
at year-end 2011 of the fourth tranche of the E.ON Share Performance
Plan granted in 2009 (see the 2009 Compensation
Report, page 154).
Effective compensation of the Board of Management for 2011
Fixed annual
Other
Payout value
of the
4th tranche
compencompen-
of perfor-
€
sation Bonus sationmance rights Total
Dr. Johannes Teyssen 1,160,000 2,143,000 27,425 43,494 3,373,919
Jørgen Kildahl 700,000 1,032,000 247,796 – 1,979,796
Prof. Dr. Klaus-Dieter Maubach 700,000 1,016,000 448,843 13,453 2,178,296
Dr. Bernhard Reutersberg 700,000 1,130,000 24,041 12,139 1,866,180
Dr. Marcus Schenck 800,000 1,548,000 23,724 32,368 2,404,092
Regine Stachelhaus 700,000 1,016,000 59,852 – 1,775,852
Total 4,760,000 7,885,000 831,681 101,454 13,578,135
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