Hermès // 2021 Universal Registration Document
8
COMBINED GENERAL MEETING OF 20 APRIL 2022 EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS
Components of compensation submitted to the vote Gross annual variable compensation for 2021 set by the Articles of Association (“statutory compensation”)
Amount awarded in respect of financial year 2021 or accounting valuation
Amount paid during financial year 2021 €727,153 of which 10% for achieving the CSR criterion
Presentation
The gross annual variable compensation in 2021 of Émile Hermès SAS, awarded in respect of 2020, was determined by the Executive Management Board on 17 February 2021, in accordance with the compensation policy for the Executive Chairmen, and was subject to the deliberation of the Supervisory Board at its meeting of 18 February 2021. This component of compensation for the company Émile Hermès SAS was already submitted to a vote ( ex-post ) by shareholders at the General Meeting of 4 May 2021 (“gross annual variable compensation awarded in 2021 in respect of 2020”). Shareholders having approved the seventh and ninth resolutions by 95.10% and 94.41% respectively, the gross annual variable compensation was paid to the company Émile Hermès SAS after the General Meeting of 4 May 2021 (payment subject to approval by the General Meeting). Given the terms of application of the mechanism governing Senior Executives’ compensation, this component remains subject to a vote ( ex-post ) by this meeting, due to its payment in 2021. In application of the compensation policy for the Executive Chairmen presented in the 2021 universal registration document (chapter 3 “Corporate Governance”, § 3.8.1.1 and § 3.8.1.2), the actual gross annual variable compensation of Émile Hermès SAS in 2021 for financial year 2020 1 decreased (-12.4%). The principle of the allocation of deferred variable compensation is not provided for.
Deferred variable compensation Multi-year variable compensation Exceptional compensation Stock options, performance- based shares or any other element of long-term compensation (IFRS valuation at the allocation date) Compensation for assumption of duties Non-compete indemnity Supplemental pension plan Compensation paid or awarded by a company falling within the scope of consolidation Valuation of benefits of any kind Death and disability plan Severance payment
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The principle of such compensation is not provided for.
n/a
The principle of such compensation is not provided for.
Stock options: n/a Performance-based shares: n/a Other items: n/a
No stock option or performance-based share plans benefiting the Executive Chairmen were implemented during or in respect of the 2021 financial year. Émile Hermès SAS, a legal entity, is in addition not eligible for the stock option or performance-based share plans.
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No such commitment exists.
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No such commitment exists.
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No such commitment exists.
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Émile Hermès SAS, a legal entity, is not eligible for a supplemental pension plan.
n/a
The principle of such compensation is not provided for.
n/a
Émile Hermès SAS does not receive benefits of any kind.
n/a Émile Hermès SAS, a legal entity, is not eligible for a death and disability plan. It should be noted that, in the context of the Covid-19 epidemic, Émile Hermès SAS waived the increase in its gross annual variable compensation in 2020, and (1) therefore received the same amount of variable compensation in 2020 as that received in 2019. not applicable n/a:
484 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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