2013 Registration document and annual financial report - page 146

Registration Document 2013
144
Corporate Governance
3
Interests and Compensation
Table 2: Compensation and benefits paid to each executive officer in 2012 and 2013
Due for the year
Paid during the year
2012
2013
2012
2013
Mr. Hennequin
Chairman and Chief Executive Officer until April 23, 2013
ƒƒ
Fixed compensation
(1)
833,300
262,802
833,300
262,802
ƒƒ
Variable compensation
(2)
959,800
412,000
1,512,500
1,371,800
ƒƒ
Directors’ fees
-
-
-
-
ƒƒ
Benefits-in-kind
(5)
24,177
7,801
24,177
7,801
ƒƒ
Termination benefits
-
3,586,200
-
3,586,200
TOTAL
1,817,277
4,268,803
2,369,977
5,228,603
Mr. Caillère
President and Chief Operating Officer until April 23, 2013
Chief Executive Officer from April 23 to August 27, 2013
ƒƒ
Fixed compensation
(1)
600,000
400,000
600,000
400,000
ƒƒ
Variable compensation
(2)
370,200
386,000
786,180
756,200
ƒƒ
Exceptional bonus
(3)
-
400,000
-
400,000
ƒƒ
Directors’ fees
(4)
20,273
8,268
22,800
8,268
ƒƒ
Benefits-in-kind
(5)
7,176
7,176
7,176
7,176
ƒƒ
Payment in lieu of annual leave
-
47,000
-
47,000
ƒƒ
Discretionary profit-sharing
(6)
N/D
N/D
1,466
540
ƒƒ
Statutory profit-sharing
(7)
N/D
N/D
1,715
1,379
ƒƒ
Termination benefits
(8)
-
1,940,400
-
1,940,400
TOTAL
997,649
3,188,844
1,419,337
3,560,963
Mr. Bazin
Chairman and Chief Executive Officer since August 27, 2013
ƒƒ
Fixed compensation
(1)
-
296,408
-
296,408
ƒƒ
Variable compensation
(2)
-
502,778
-
-
ƒƒ
Directors’ fees
(4)
54,588
33,100
52,200
54,588
ƒƒ
Benefits-in-kind
(5)
-
6,280
-
6,280
TOTAL
54,588
838,566
52,200
357,276
Mr. Boinet
Deputy Chief Executive Officer since December 2, 2013
ƒƒ
Fixed compensation
(1)
-
50,000
-
50,000
ƒƒ
Variable compensation
(2)
-
-
-
-
ƒƒ
Directors’ fees
(4)
-
-
-
-
ƒƒ
Benefits-in-kind
(5)
-
-
-
-
TOTAL
-
50,000
-
50,000
The above amounts are presented in euros on a gross pre-tax basis.
(1) The fixed compensation of the Chairman and Chief Executive Officer, the President and Chief Operating Officer and the Deputy Chief Executive Officer is paid in the
year in which it is earned.
(2) Variable compensation is calculated and paid at the beginning of the year following the year in which it was earned.
Mr. Boinet’s variable compensation for 2013 will be determined by the Board of Directors in February 2015 and he will be paid 1/13
th
of the amount decided at that time.
(3) Corresponding to the exceptional bonus paid to Mr. Caillère for his participation in the transitional governance structure.
(4) In 2012 Mr. Caillère was paid directors’ fees amounting to €2,527 relating to the directorship he held in Groupe Lucien Barrière for the period in 2011 until Accor sold
its interest in the company.
In 2012 Mr. Caillère was paid €12,779 in fees for 2012 in his capacity as a member of the Supervisory Board of Orbis (PLN 52,639 converted at a rate of 0.2428 at
January 17, 2013). The corresponding fees paid in 2013 for that year totaled €6,386 (PLN 26,799 converted at the 2013 average rate of 0.2383).
In 2012 Mr. Caillère was paid €7,494 in fees for 2012 in his capacity as a director of El Gezirah Hotels & Tourism Company (USD 10,000 converted at a rate of 0.7494
at January 17, 2013). The corresponding fees paid in 2013 for that year totaled €1,882 (USD 2,500 converted at the 2013 average rate of 0.7530).
(5) Company cars for Mr. Hennequin, Mr. Caillère and Mr. Bazin, and private unemployment insurance for Mr. Hennequin and Mr. Bazin (see page 142).
(6) Discretionary profit-sharing is paid in the year following that for which it is due.
(7) Statutory profit-sharing is paid in the year following that for which it is due. The disclosed amount includes any supplementary profit-sharing bonuses paid.
(8) Mr. Caillère’s termination benefit includes €200,000 in salary received for the period from August 28 through December 31, 2013.
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