Annual Report 2010/11 - Sonova

FINANCIAL STATEmENTS OF SONOVA HOLDING AG 157
ADDITIONAL PAymENTS TO mEmBERS OF THE BOARD OF DIRECTORS AND THE mANAGEmENT BOARD
One member of the Board of Directors has a consulting contract with the Sonova Group through a company he controls and
is remunerated accordingly. These services are related to specific assignments, going beyond regular Board tasks, that
he was given by the Sonova Group. In the year under review, this member of the Board of Directors received CHF 72,644
for providing consulting services.
Besides these payments, neither in the reporting period nor in the previous year were fees paid for additional services
on top of the ordinary compensation, any loans awarded or guarantees given to members of the Board of Directors or the
management Board and persons closely linked to them.
PAymENTS TO FORmER mEmBERS OF THE BOARD OF DIRECTORS AND THE mANAGEmENT BOARD
Severance packages are generally not granted at Sonova. The payments made upon resignation of Dr Valentin Chapero
Rueda and Oliver Walker satisfy only the respective contractual terms. The principles underlying the variable compensation
of Dr Valentin Chapero Rueda and Oliver Walker for the financial year 2010/11 were not affected by their resignation.
However, since the agreed performance targets were not met, variable compensation was below prior year levels. No additional
payments beyond what had been contractually agreed were made. The regulations stipulate that titles (warrants/
options) granted under the Executive Equity Award Plan and vested during the notice period can be exercised or sold up to
60 days after the notice period has expired. Titles that are vested only after the notice period has expired are forfeited.
Besides these payments, neither in the reporting period nor in the previous year, were additional payments made, any
loans awarded, guarantees, or severance packages given to former members of the Board of Directors or the management
Board or persons closely linked to them.
SHAREHOLDINGS OF mEmBERS OF THE BOARD OF DIRECTORS AND THE mANAGEmENT BOARD
Shareholdings of the Board of Directors
As of march 31, 2011, the members of the Board of Directors and persons closely linked to them held directly and indirectly
6,371,908 Sonova shares (9.6% of total share capital), 39,000 options, 6,000,000 warrants, 1,237,500 Warrant Appreciation
Rights, and 3,000 Share Appreciation Rights.
The following table shows the shareholdings of the individual members of the Board of Directors and persons closely
linked to them:
31.3.2011 31.3.2010
Shares Warrants 1) Options Shares Warrants 1) Options
Andy Rihs 6,309,598 1,250,000 3,000 7,059,100 1,000,000 24,000
William D. Dearstyne 32,300 987,5002) 3,0003) 20,300 1,000,0002) 24,0004) Heliane Canepa 18,010 1,250,000 12,000 15,010 1,000,000 15,000
Robert F. Spoerry 10,000 1,250,000 12,000 10,000 1,000,000 24,000
Dr Michael Jacobi 2,000 1,250,000 12,000 2,000 1,000,000 15,000
Anssi Vanjoki 500,000 250,000
Ronald van der Vis 500,000 250,000
John J. Zei 250,0002) Total 6,371,908 7,237,500 42,000 7,106,410 5,500,000 102,000
1) Exercise ratio between warrants and options: 25:1 (see also Note 30 in the consolidated financial statements).
2) WARs (WARs grant the right to participate in the appreciation of the Sonova shares without issuance of shares).
3) SARs (SARs grant the right to participate in the appreciation of the Sonova shares without issuance of shares).
4) Thereof 12,000 SARs (SARs grant the right to participate in the appreciation of the Sonova shares without issuance of shares).