
Corporate Governance
We, as PIERER Mobility AG are fully committed to the Austrian Code of Corporate Governance (ÖCGK) in its current version. We are committed to its objectives and will continue to observe them in the future. This commitment by PIERER Mobility AG is voluntary and aims to boost shareholder confidence and to constantly optimize the high internal legal, behavioral and ethical standards of PIERER Mobility AG.
Corporate Governance Code (ÖCGK)
The Austrian Code of Corporate Governance (“ÖCGK”) can be accessed via the link below: www.corporate-governance.at/code/
Corporate Governance (RLCG) of the SIX Swiss Exchange
As an Austrian company listed in Switzerland, PIERER Mobility AG is subject to the rules of the Directive on Information relating to Corporate Governance of the SIX Swiss Exchange (the “Swiss Directive on Corporate Governance”). The Swiss Directive on Corporate Governance is available here.
Corporate Governance Report
Corporate Covernance Report of PIERER Mobility AG for the Business Year 2022Evaluation
We engaged Oberhammer Rechtsanwälte GmbH for the evaluation of our compliance with the Corporate Governance Code for the business year 2021. The official questionnaire of the Austrian Working Group for Corporate Governance was used for the evaluation. The evaluation report is availabe in German language and can be downloaded below:
Evaluation, 2021 (German only, PDF 1.13 MB)
The next evaluation will take place for the financial year 2024.
Compliance Guideline
Compliance Guideline of PIERER Mobility AGExecutive Board & Supervisory Board
Members of the Corporate Bodies
The boards of PIERER Mobility AG consist of the Executive Board, the Supervisory Board and the Annual General Meeting.
Executive Board
The Executive Board of PIERER Mobility AG or the individual Executive Board members, respectively, act on the basis of the laws, the Articles of Association and the Executive Board’s rules of procedure, which have been laid down by the Supervisory Board and which govern the rules for cooperation between the Executive Board members as well as the allocation of the duties within the Executive Board. Until the 26th Annual General Meeting on April 21, 2023, the Executive Board was made up of four members. The 26th Annual General Meeting resolved, in accordance with the election proposal of the Executive Board and the Supervisory Board under agenda item 9, to change the number of Executive Board members elected by the Annual General Meeting within the limits set out in the Articles of Association. Pursuant to the articles of association, the executive board is made up of at least one, but no more than eight members appointed. The executive board currently consists of seven members:
Name Year of Birth | Position | Initial Appointment | End of the current term of office | Areas of Responsibilities |
---|---|---|---|---|
Stefan Pierer, born 1956 | Member of the Executive Board (CEO) | 06/02/2015 | 12/31/2025 | Strategic Overall Management, Research and Development, Product Management |
Viktor Sigl, MBA, born 1974 | Member of the Executive Board (CFO) | 12/19/2019 | 12/31/2027 | Finance & Tax, Legal, IT, Human Resources, Risk Management, Real Estate |
Florian Burguet, MBA, born 1981 | Member of the Executive Board | 05/06/2023 | 12/31/2025 | New Mobility: Global Sales, Customer Service, Marketing New Mobility |
Florian Kecht, born 1980 | Member of the Executive Board | 05/06/2023 | 12/31/2027 | Motorcycles: Global Sales Motorcycles, Customer Service, Marketing Motorcycles, PG&A |
Alex Pierer, born 1981 | Member of the Executive Board | 05/06/2023 | 12/31/2027 | Digital Transformation, PIERER Innovation, Avocodo |
Hubert Trunkenpolz, born 1962 | Member of the Executive Board | 01/01/2018 | 12/31/2027 | Brand Management, Motorsports, X-Bow, Joint Ventures, Investor Relations |
Rudolf Wiesbeck, born 1979 | Member of the Executive Board | 05/06/2023 | 12/31/2027 | Operations, Quality Management, Purchasing & Logistics, Supply Chain Management, Sustainability |
Supervisory Board
The Supervisory Board is made up of at least three members who are elected by the Annual General Meeting, plus as many employee representatives as are required according to Section 110 (1) of the Austrian Labor Relations Act. The members of the Supervisory Board are elected by the Annual General Meeting, for a term that shall not go beyond the end of the General Meeting resolving on the discharge of the Executive Board for the fourth financial year following the election; in determining what constitutes the fourth financial year, the financial year in which the member is elected is excluded. Currently, the Supervisory Board consists of six members, of these five are independent in accordance with C-Rules 53 and 54 of the ÖCGK:
Name Year of Birth | Position | Independent according to ÖCGK | Initial Appointment | End of the current Term of Office | Further mandates on supervisory boards or similar functions in other foreign and domestic companies, listed on a stock exchange |
---|---|---|---|---|---|
Josef Blazicek, born 1964 | Chairman of the Supervisory Board | Yes | 2008 | GM which decides on the FY 2025 | All for One Group SE (Germany) |
Rajiv Bajaj, born 1966 | Deputy Chairman of the Supervisory Board | No | 2022 | GM which decides on the FY 2026 | None |
Iris Filzwieser, born 1971 | Member of the Supervisory Board | Yes | 2022 | GM which decides on the FY 2026 | None |
Michaela Friepess, born 1972 | Member of the Supervisory Board | Yes | 2022 | GM which decides on the FY 2026 | None |
Srinivasan Ravikumar, born 1957 | Member of the Supervisory Board | Yes | 2022 | GM which decides on the FY 2026 | None |
Friedrich Roithner, born 1963 | Member of the Supervisory Board | Yes | 2023 | GM which decides on the FY 2027 | None |
Self-evaluation
For the business year 2021 the supervisory board will evaluate the efficiency of its activities, in particular its organization and work procedures (self-evaluation).
Remuneration Policy
The principles governing the remuneration (remuneration policy) of the members of the Executive Board and Supervisory Board of PIERER Mobility AG were established by resolution of the Supervisory Board on March 26, 2020. The Supervisory Board submits the remuneration policy to the Annual General Meeting for approval in the event of significant changes, and at least once every four years. The remuneration policy that currently applies was submitted to and adopted by the 23rd Annual General Meeting in 2020. 94.72% of the represented share capital (74.80%) approved the presented remuneration policy for the Executive Board. With regard to the submitted remuneration policy for the Supervisory Board, the voting share was 100% of the represented share capital (74.80%).
A separate remuneration report has been prepared for the 2022 financial year and was submitted to and adopted by the 26th Annual General Meeting in 2023. 96.62% of the represented share capital (82.91%) approved the presented remuneration report for the remuneration of the members of the Executive Board and Supervisory Board for the 2022 financial year.
The remuneration report provides an overview of the remuneration principles and programs of PIERER Mobility AG. The remuneration report also describes the procedure for determining the level of remuneration and contains detailed information about the remuneration paid to the Executive Board and the Supervisory Board in the 2021 financial year. The remuneration system of PIERER Mobility AG implements the recommendations of the Austrian Corporate Governance Code (OCGK) and the legal requirements of the Austrian Stock Corporation Act (Sections 78a ff in conjunction with 98a) and was prepared in accordance with the EU Directive 2017/828.
Hidden Item
Reports & policies
Remuneration reports
Remuneration report for the Business Year 2022 (Remuneration Policy)
Remuneration report for the Business Year 2021 (Remuneration Policy)
Remuneration report for the Business Year 2020 (Remuneration Policy)
Clawback policy
This Clawback Policy provides an overview of circumstances that allow PIERER Mobility AG, for certain reasons, to reclaim the variable remuneration compnents already received by individual Management Board members. Clawback policy
Remuneration policies
Principles Governing the Remuneration of Members of the Executive Board (Remuneration Policy)
Principles Governing the Remuneration of Members of the Supervisory Board (Remuneration Policy)
Committees of the Supervisory Board
In accordance with the Stock Corporation Act, the Supervisory Board established an Audit Committee to perform its scheduled supervisory and control functions.
The Audit Committee is responsible for the auditing and preparation for the establishment of the annual financial statements, the proposed distribution of net income and the management report, as well as the auditing of the consolidated financial statements and the corporate governance report. The Audit Committee makes a proposal for the selection of the auditor and presents the proposal of the Supervisory Board to the Annual General Meeting for voting. In line with C-Rule 81a of the ÖCGK, the Audit Committee must establish a mutual line of communication with the financial auditor in a meeting.
The Audit Committee of PIERER Mobility AG held three meetings during the 2022 financial year, in which a representative of the certified public accountant also participated.
The Remuneration Committee of PIERER Mobility AG was newly elected by circular resolution of the Supervisory Board of the company in May 2022 and held one meeting in the 2022 financial year.
The new Committee for Compliance, Investor Relations (IR) and Sustainability (ESG) of PIERER Mobility AG was established at the meeting of the Supervisory Board of PIERER Mobility AG in May 2022 and held its first constituent meeting in the 2022 financial year.
Since the Supervisory Board consists of no more than six members, the tasks of the Nomination committee are fulfilled by the entire Supervisory Board.
Members of Committees
- Audit Committee: Srinivasan Ravikumar (Chairperson), Klaus Rinnerberger (Deputy Chairperson), Michaela Friepess (Member).
- Remuneration Committee: Josef Blazicek (Chairperson), Michaela Friepess (Deputy Chairperson).
- Committee for Compliance, Investor Relations (IR) and Sustainability (ESG): Michaela Friepess (Chairperson), Josef Blazicek (Deputy Chairperson).
Independence criteria for the Supervisory Board
of PIERER Mobility AG to Austrian Corporate Governance Code
A member of the Supervisory Board shall be deemed to be independent if said member does not have any business or personal relations with the company or its Executive Board that constitute a material conflict of interests and are therefore capable of influencing the behavior of the member.
The independence of the Supervisory Board members is defined by the following guidelines:
Criterion 1: The Supervisory Board member was not a member of the Executive Board or a top executive of PIERER Mobility AG or a subsidiary of the company during the previous five-year period.
Criterion 2: The Supervisory Board member does not or did not maintain any business relationships with the company or a subsidiary of the company in the previous year of a scope which may be considered significant for the Supervisory Board member. This also applies to business relationships with companies in which the Supervisory Board member has a considerable economic interest, but not to performing roles on committees within the Group. Approval of individual transactions by the Supervisory Board pursuant to L-Rule 48 of the Austrian Code of Corporate Governance does not automatically disqualify the Supervisory Board member from being independent.
Criterion 3: The Supervisory Board member was not an auditor of the company, a shareholder or employee of the auditing company during the previous three years.
Criterion 4: The Supervisory Board member is not a member of the Executive Board of another company, in which a member of the Executive Board of PIERER Mobility AG serves on its Supervisory Board.
Criterion 5: The Supervisory Board member has not been on the Supervisory Board of the company for more than 15 years. This does not apply to Supervisory Board members, who are shareholders with a direct investment in the company or who represent the interests of such a shareholder.
Criterion 6: The Supervisory Board member is not a close family member (direct descendant, spouse, common law spouse, parent, uncle, aunt, sibling, niece or nephew) of a member of the Executive Board of the company or of people who fulfill one of the other criteria described above.
The Deputy Chairman of the Supervisory Board, Rajiv Bajaj, is Managing Director, CEO and shareholder of Bajaj Auto Ltd, Pune, India. Since 2007, there has been a cooperation between Bajaj Auto Ltd. and KTM AG, a 100% subsidiary of PIERER Mobility AG. The focus of the cooperation is the joint development of street motorbikes in the entry-level segment, which are produced in India and marketed by both companies under the KTM and Husqvarna brands in their home markets. Bajaj Auto Ltd, in which Rajiv Bajaj has a significant economic interest, thus maintains a business relationship with a subsidiary of PIERER Mobility AG to a significant extent, which is why Rajiv Bajaj does not meet independence criterion 2.
The other members of the Supervisory Board of PIERER Mobility AG admit the criteria of independence pursuant to C-Rule 53 and declare themselves to be independent.
According to C-Rule 54 of the Austrian Code of Corporate Governance, the Supervisory Board of the company shall include at least one independent member delegated by the shareholders who is not a shareholder with a share of more than 10% or who represents such a shareholder’s interests. This requirement of C-Rule 54 has been met, since no member of the Supervisory Board is a shareholder with a share of more than 10% or who represents such a shareholder’s interests.
Directors’ Dealings
In accordance with Article 19 of Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 (Market Abuse Regulation, MAR), senior management of PIERER Mobility AG – members of the Management Board and members of the Supervisory Board, as well as related parties – have to notify the financial markets regulatory body (Finanzmarktaufsicht) of any own account transactions in PIERER Mobility AG shares, derivatives on it or similar securities and to disclose the transaction to the public immediately. To the Directors’ Dealings announcements
Capital Market
Here you find the prospectus for the listing of the company’s shares in the International Reporting Standard of SIX Swiss Exchange (Listing Prospectus).
Listing Prospectus SIX Swiss Exchange dated November 11, 2016
Disclaimer:
The Listing Prospectus has been prepared pursuant to article 27 of the Listing Rules of SIX Swiss Exchange solely for the listing of shares of the company in the International Reporting Standard of SIX Swiss Exchange. The Listing Prospectus is no offer for the sale of shares and no solicitation to submit an offer for the acquisition of shares in the company.
Find all documents on bonds for investors and take-over bids to existing shareholders.
Hidden Item
Takeover offer Pankl Racing Systems AG 2018
Offer to the shareholders of Pankl Racing Systems AG
On 3 January 2018 KTM Industries AG has announced its intention to launch a takeover bid for the termination of the trading permission according to section 38 para 6 to 8 Stock Exchange Act 2018 in conjunction with the 5th part of the Austrian Takeover Act to the shareholders of Pankl Racing Systems AG. The offer price amounts to EUR 42.18 per Pankl-share.
In this context, the following downloads are available to interested parties:
Announcement of January 3, 2018
Offer Document
Statement of the Management Board of Pankl Racing Systems AG dated 16.2.2018
Statement of the Supervisory Board of Pankl Racing Systems AG dated 16.2.2018
Report of the expert of Pankl Racing Systems AG pursuant to §§ 13 ss Austrian Takeover Act
Publication of results
Takeover offer 2016
Voluntary public takeover offer to the shareholders of WP AG
On March 29, 2016, KTM Industries AG (formerly: CROSS Industries AG) announced its intention to submit a voluntary public takeover offer pursuant to Sections 4 et seq. Austrian Takeover Act to all shareholders of WP AG as accompanying measure to the delisting of the shares of WP AG from the Regulated Market (Geregelter Freiverkehr) of the Vienna Stock Exchange. The offer price will amount to EUR 18 per share of WP AG (ISIN AT0000A1DDL3).
The following downloads are available for interested parties:
Announcement of March 29, 2016
Tender document
Publications dated 21 April 2016
Äußerung des Vorstands
Äußerung des Aufsichtsrates
Bericht des Sachverständigen der Zielgesellschaft gem. §§ 13 ff ÜbG
Bekanntmachung vom 6. Mai 2016
Publication of results
Takeover offer 2014-2015
Bekanntmachung vom 20. Dezember 2014
Bekanntmachung vom 23. Dezember 2014 – Eintritt der aufschiebenden Bedingung
Bericht des Sachverständigen der Zielgesellschaft gem. §§ 13 f ÜbG
Äußerung des Vorstands
Äußerung des Aufsichtsrats
Bekanntmachung vom 14. Jänner 2015
Ergänzung vom 28. Jänner 2015
Veröffentlichung des Ergebnisses
Takeover offer 2013
Please note that the documentation concerning the take-over bid is only available in German language.
Freiwilliges Angebot – der Pierer Industrie AG
Eintritt der Bedingung der kartellrechtlichen Freigabe der Aktienerwerbes der Pierer Industrie AG
Äußerung des Vorstands
Äußerung des Aufsichtsrats
Bericht des Sachverständigen gemäß §§ 13 f ÜbG
Veröffentlichung des Ergebnisses gemäß § 19 Abs. 2 Übernahmegesetz
Bond 2012
NICHT ZUR VERSENDUNG IN DIE USA, UK, KANADA, JAPAN ODER AUSTRALIEN
DISCLAIMER
Diese Webseite stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren der CROSS Industries AG dar. Ein der Richtlinie 2003/71/EG und der Verordnung (EG) Nr.809/2004, jeweils in geltender Fassung, entsprechender Prospekt wurde am 19. September 2012 von der Österreichischen Finanzmarktaufsicht („FMA”) gebilligt und veröffentlicht. Ein öffentliches Angebot von Wertpapieren der CROSS Industries AG darf ausschließlich durch und auf Grundlage des gebilligten und veröffentlichten Prospekts, den Sie dann während der üblichen Geschäftszeiten kostenlos bei der CROSS Industries AG, Edisonstraße 1, 4600 Wels, erhalten und in elektronischer Form auf der Webseite der Gesellschaft (http://www.crossindustries.at/) einsehen könnten, erfolgen. Zeichnungsaufträge, die vor Beginn eines öffentlichen Angebots einlangen, werden zurückgewiesen.
Diese Webseite stellt weder in den Vereinigten Staaten von Amerika (USA) noch in einem anderen Land oder gegenüber Personen ein Angebot zum Verkauf oder eine Aufforderung zum Kauf von Wertpapieren der CROSS Industries AG dar, sofern ein solches Angebot oder eine solche Aufforderung verboten oder nicht genehmigt ist. Die Benutzer dieser Webseite sind aufgefordert, sich über derartige Beschränkungen zu informieren und diese einzuhalten.
Diese Aktionärsinformation sowie die darin enthaltenen Informationen sind nicht zur Weitergabe in die Vereinigten Staaten von Amerika einschließlich deren Territorien und Besitztümer (einschließlich Puerto Rico, der U.S. Jungferninseln, Guam, Amerikanisch Samoa, der Wake-Insel und der Nördlichen Mariana Inseln), jeden Bundesstaates der Vereinigten Staaten sowie des District of Columbia (die „USA”) bzw. innerhalb der USA bestimmt und dürfen nicht an “U.S. persons” (wie in Regulation S des U.S. Securities Act of 1933 in der jeweils geltenden Fassung (“Securities Act”) definiert) sowie an Publikationen mit einer allgemeinen Verbreitung in den USA verteilt oder weitergeleitet werden. Diese Aktionärsinformation stellt weder ein Angebot noch eine Aufforderung zum Kauf von Wertpapieren in den USA dar. Die Wertpapiere der CROSS Industries AG wurden und werden nicht gemäß den Vorschriften der Securities Act registriert und dürfen ohne eine vorherige Registrierung bzw. ohne das Vorliegen einer Ausnahmeregelung von der Registrierungsverpflichtung nicht an U.S. Personen verkauft, zum Kauf angeboten oder geliefert werden. In den USA werden die Wertpapiere der CROSS Industries AG nicht öffentlich angeboten.
Die Nichteinhaltung dieser Beschränkungen kann eine Verletzung der anwendbaren wertpapierrechtlichen Vorschriften darstellen. Jedes Angebot und jeder Verkauf von Wertpapieren außerhalb von Österreich wird ausschließlich als Privatplatzierung an qualifizierte institutionelle Investoren unter Einhaltung aller anwendbaren wertpapierrechtlichen Vorschriften durchgeführt.
Um die folgenden Seiten der Website besuchen zu können, müssen Sie bestätigen, dass (1) Sie die obenstehenden Sätze verstanden haben, (2) sich dazu bereit erklären, die darin enthaltenen Beschränkungen einzuhalten, und (3) dass Sie in Österreich wohnhaft sind, keine U.S. person (im Sinne der Regulation S Securities Act) sind und weder Ihren Wohnsitz noch Aufenthalt in den USA, im Vereinigten Königreich, Kanada, Australien oder Japan haben noch für derartige Personen handeln.
Prospekt
Liste berechtigte Finanzintermediäre mit Sitz in Österreich
Mitteilung nach § 7 KMG
Anleihefolder
Pressemitteilungen
CROSS Industries AG begibt eine Anleihe in Höhe von € 75 Mio.
CROSS Industries AG begibt eine Anleihe in Höhe von bis zu € 70 Millionen
Bond 2005
Eckdaten der Emission | Nominale EUR 50.000.000,00 4,25% Anleihe 2005-2012 der CROSS Industries AG |
Emittentin | CROSS Industries AG |
Emissionsvolumen | EUR 50.000.000,00 Nominale |
Kupon | 4,25 % p.a., zahlbar jährlich |
Emissionskurs | 101,091 % |
Laufzeit | 7 Jahre endfällig |
Zeichnungsfrist | 30.11.-02.12.2005, vorzeitiger Zeichnugsschluss vorbehalten |
Valuta | 07. Dezember 2005 |
Tilgung | 07. Dezember 2012 zum Nennwert |
Zahlstelle | Raiffeisen Zentralbank Österreich Aktiengesellschaft |
Börseeinführung | Notiz im Geregelten Freiverkehr der Wiener Börse wird beantragt |
ISIN | AT0000500905 |
Eckdaten der Emission | Nominale EUR 60.000.000,00 Nachrangige Anleihe mit unbegrenzter Laufzeit der CROSS Industries AG |
Emittentin | CROSS Industries AG |
Emissionsvolumen | EUR 60.000.000,00 Nominale |
Stückelung | EUR 10.000,00 Nominale |
Kupon | 07.12.2005 bis inkl. 06.02.2016: fixe Verzinsung 6,875% p.a., zahlbar jährlich, kurzer erster Kupon 07.02.2016 bis Laufzeitende: variable Verzinsung, Details siehe Anleihebedingungen, zahlbar halbjährlich |
Emissionskurs | 100,522% |
Laufzeit | unbegrenzte Laufzeit, vorbehaltlich Kündigung durch die Emittentin |
Zeichnungsfrist | 30.11.-02.12.2005, vorzeitiger Zeichnugsschluss vorbehalten |
Valuta | 07. Dezember 2005 |
Kündigung durch die Emittentin | zur Gänze zum Nennwert, erstmals zum 07.02.2016, danach jeweils zu den Kuponterminen möglich |
Zahlstelle | Raiffeisen Zentralbank Österreich Aktiengesellschaft |
Börseeinführung | Notiz im Geregelten Freiverkehr der Wiener Börse wird beantragt |
ISIN | AT0000500913 |
Zur Zeichnung laden ein:
- Raiffeisen Zentralbank Österreich Aktiengesellschaft
- Bank Austria Creditanstalt AG
- Raiffeisenlandesbank Oberösterreich reg.Gen.m.b.H
- AIG Private Bank Ltd.
- Oberbank AG
Ein dem Kapitalmarktgesetz entsprechender Prospekt wurde am 14. November 2005 veröffentlicht und liegt bei der CROSS Industries AG, Edisonstraße 1, A-4600 Wels auf und kann zu den üblichen Geschäftszeiten bezogen werden. Die Hinweisbekanntmachung im Amtsblatt zur Wiener Zeitung erfolgte am 15. November 2005. Dies ist weder ein Angebot noch eine Einladung zur Zeichnung oder zum Kauf der Schuldverschreibungen in Rechtsordnungen, in denen ein solches Angebot oder eine solche Einladung unzulässig ist. Im Zusammenhang mit dem Angebot der Aktien sind ausschließlich die Angaben im Prospekt verbindlich.
Bitte informieren Sie sich über alle weiteren Details dieser Unternehmensanleihe wie Mittelverwendung des Emissionserlöses in unserem Anleihenfolder.