Reebok 2014 Annual Report Download - page 249

adidas Group
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2014 Annual Report
Consolidated Financial Statements
245
2014
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04.8
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Notes
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Notes – Additional Information
Pension obligations relating to former members of the Executive Board and their survivors amount in total to
€ 59.5 million (2013: € 48.3 million).
In connection with the mutually agreed termination of Erich Stamminger’s Executive Board mandate as of
March 6, 2014, the termination of his Executive Board service contract was agreed at the same time. Until that
date, he was granted the contractual payments as agreed
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SEE COMPENSATION REPORT, P. 28. The entitlements
agreed under the contract remained in effect until that date.
In accordance with the provisions of his final agreement, Erich Stamminger was paid compensation in the
amount of € 0.1 million for post-contractual competition prohibition. Hereunder, Erich Stamminger agreed not to
work for a key competitor of the adidas Group in the period until July 8, 2014.
Members of the Executive Board were not granted any loans in 2014.
Further information on disclosures according to § 314 section 1 no. 6a German Commercial Code
(Handelsgesetzbuch – HGB) is provided in the Compensation Report
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SEE COMPENSATION REPORT, P. 28.
Information pursuant to § 161 German Stock Corporation Act (Aktiengesetz – AktG)
On February 12, 2015, the Executive Board and Supervisory Board of adidas AG issued the updated Declaration
of Compliance in accordance with §161 AktG. The full text of the Declaration of Compliance is available on the
Group’s corporate website.
Group-specific subsequent events
On January 23, 2015, the adidas Group announced that it had entered into a definitive agreement to sell
its Rockport business for a total consideration of up to US $ 280 million, most of which will be paid in cash
with the remainder comprised of notes. The transaction, which is subject to customary closing conditions, is
expected to be completed later in 2015. Due to concrete plans to sell the Rockport operating segment, it is
reported as discontinued operations as at December 31, 2014
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SEE NOTE 03, leading to a non-operational effect
in the consolidated income statement in an amount of negative € 68 million
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SEE ADIDAS AG CONSOLIDATED INCOME
STATEMENT (IFRS), P. 190.
Date of preparation
The Executive Board of adidas AG prepared and approved the consolidated financial statements for submission
to the Supervisory Board on February 13, 2015. It is the Supervisory Board’s task to examine the consolidated
financial statements and give their approval and authorisation for issue.
Herzogenaurach, February 13, 2015
The Executive Board of adidas AG
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Information relating to
the German Corporate
Governance Code
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Events after the balance
sheet date