LegalPCF Group
PCF Group Remuneration Report for Management and Supervisory Board 2022
31 May 202312 pages~25 min full read
PCF Group S.A. experienced a 64.15% decline in consolidated net profit to approximately 22 million PLN during the 2022 fiscal year.
Average employee salaries across the organization were reduced by 11.04% in 2022, contrasting with the stability of executive remuneration.
President Sebastian Wojciechowski received 1,542,969 PLN in total compensation for 2022, representing a marginal 1% year-over-year decrease.
The Management Board received no new financial instruments or variable bonuses during the 2022 period, relying instead on a multi-jurisdictional structure involving base fees and advisory services.
Supervisory Board compensation remained strictly limited to fixed monthly fees and Audit Committee stipends, ranging from 4,000 PLN to 36,000 PLN per member annually, to ensure objective oversight.
PCF Group maintained its existing remuneration framework throughout 2022 without triggering clawback provisions or seeking policy deviations despite the financial downturn.
The 2022 fiscal year for PCF Group S.A. was characterized by a significant contraction in financial performance, marked by a 64.15% decline in consolidated net profit to approximately 22 million PLN. This downturn coincided with an 11.04% reduction in average employee salaries across the organization. Despite these challenges, the company maintained its established remuneration framework without utilizing clawback provisions or seeking temporary deviations from its policy. The compensation structure remains designed to align with long-term corporate strategy and gaming industry standards, though the company continues to review these levels to ensure market competitiveness.
Management Board compensation was concentrated in the role of the President, Sebastian Wojciechowski, who received a total of 1,542,969 PLN. This figure represents a marginal 1% year-over-year decrease and reflects a complex pay structure involving base board fees, advisory services, and a salary from the Group’s U.S. subsidiary. While the President received minor non-monetary benefits such as medical coverage, no new financial instruments or variable bonuses were granted during the period. This multi-jurisdictional compensation model underscores the Group's integrated operations between its Polish headquarters and North American interests.
The Supervisory Board maintained a five-member structure following a mid-year re-election process intended to clarify mandate terms. To preserve supervisory independence, compensation for this body remained strictly limited to fixed monthly fees and Audit Committee stipends, ranging from 4,000 PLN to 36,000 PLN per member annually. By eschewing variable or non-monetary benefits for supervisors, the Group prioritized objective oversight during a period of financial volatility. Overall, the 2022 data indicates a period of executive pay stability despite a sharp decline in the company's bottom-line profitability and broader workforce earnings.
