Mynaric AG is a young, fast-growing and ambitious company in a specific business area. The members of the Management Board of Mynaric AG are fully committed to the Company’s objective to become the world’s leading provider of network equipment for the aerospace communication industry and thus are required to bring the founding mindset and willingness to take risks which is necessary to achieve the Company’s ambitious objectives. In order to underline and support this founding mindset and high risk orientation, the remuneration structure of Mynaric AG provides for the flexibility to strongly focus on the long-term development of the Company by granting risk-oriented Management Board members a rather low fixed remuneration and a high proportion of long-term variable remuneration to the members of the Management Board, whereby less risk-oriented Management Board members may choose a remuneration structure that provides for a higher portion of fixed remuneration. The Supervisory Board is of the opinion, that this risk-orientation and the willingness of Management Board candidates to strongly commit themselves to the long-term development of Mynaric AG should be rewarded by the possibility to also significantly participate in the success of Mynaric AG and that the entrepreneurial mindset of the Management Board members should be supported, honored and further incentivized. Against this background, the maximum remuneration for a financial year – regardless of whether the payout occurs in this financial year or at a later date – is EUR 6,000,000.00 for the CEO and EUR 4,000,000.00 for each ordinary board member. The maximum remuneration will however only be reached in case a Management Board member chooses a risk-oriented remuneration profile with a high portion of long-term variable remuneration and in case of an overachievement of performance targets and a significant multiplication of the Company’s share price. In case, targets will not be achieved or will be achieved, but no multiplication of the share price occurs, or in case a Management
Company profile
Ticker
MYNA, MOYFF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
6-K
Volume Production Begins for Mynaric’s Flagship Space Laser Terminal – CONDOR Mk3
3 Apr 24
6-K
Current report (foreign)
1 Apr 24
6-K
Mynaric increases USD 75 million borrowing capacity on loan agreement by USD 20 million
14 Mar 24
6-K
Current report (foreign)
23 Jan 24
6-K
Current report (foreign)
16 Jan 24
6-K
Current report (foreign)
10 Jan 24
6-K
Mynaric receives US $33 million order from Northrop Grumman
13 Dec 23
6-K
Mynaric Secures Another Contract with a U.S. Customer for its CONDOR Mk3 Terminals
29 Nov 23
6-K
Mynaric updates guidance for 2023
13 Nov 23
6-K
Mynaric receives US-$ 25 million order from Northrop Grumman
2 Nov 23
Transcripts
Latest ownership filings
Financial summary
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