LegalPCF Group
Sprawozdanie o Wynagrodzeniach Członków Zarządu i Rady Nadzorczej PCF Group S.A. za Rok 2023
1 Apr 202412 pages~23 min full read
PCF Group S.A. reported a net loss of 76.45 million PLN in 2023, a significant decline from the 21.98 million PLN profit recorded in 2022.
CEO Sebastian Wojciechowski received total remuneration of approximately 1.82 million PLN in 2023, representing an 18% increase over the previous year.
Executive and supervisory leadership received no performance-based success fees or financial instruments during the 2023 fiscal year.
Supervisory Board members were paid fixed annual stipends ranging from 18,000 to 36,000 PLN in 2023.
Effective January 2024, the company implemented a revised supervisory model that increases base pay and introduces per-meeting attendance fees for the Supervisory Board and Audit Committee.
Shareholders approved the 2022 remuneration review without objection during the June 2023 General Meeting, maintaining support for the existing compensation structure despite the financial downturn.
The 2023 fiscal year for PCF Group S.A. was characterized by a strategic focus on executive stability and governance restructuring despite a challenging financial landscape. The primary objective of the corporate compensation framework was to maintain market competitiveness and long-term alignment with shareholder interests. During this period, the Management Board, represented solely by President Sebastian Wojciechowski, received total remuneration of approximately 1.82 million PLN. This figure, which reflects an 18% increase over the previous year, was composed of base board salaries, fees for lead production services, and compensation from the company’s United States subsidiary. Notably, no performance-based success fees or financial instruments were awarded to executive or supervisory leadership during the year.
The financial performance of the Group saw a significant downturn in 2023, transitioning from a 21.98 million PLN profit in 2022 to a net loss of 76.45 million PLN. Despite these losses, the company adhered strictly to its established Remuneration Policy without deviation. Supervisory Board members received fixed annual stipends ranging from 18,000 to 36,000 PLN. To enhance oversight capabilities in response to the shifting economic climate, the Group approved a revised supervisory model effective January 2024, which introduces increased base pay and per-meeting attendance fees for both the Supervisory Board and the Audit Committee.
Ancillary benefits remained limited, with the CEO receiving modest non-public medical care for himself and his family, while Supervisory Board members received no additional benefits or compensation from subsidiary entities. This conservative approach to non-monetary perks, combined with the absence of equity-based incentives for the period, underscores a period of fiscal restraint regarding variable pay. Shareholders signaled their continued support for these compensation structures by approving the prior year’s remuneration review without objection during the June 2023 General Meeting.
