Axactor Annual Report 2016

Note 7 Key Management Compensation Board of Directors remuneration SEK thousand Board fee 2016 Board fee 2015 Einar Jørgen Greve 917 18 Gunnar Hvammen 459 9 Per Dalemo 450 155 Martin Nes (Resigned in December 2015) 244 Jan Frode Andersen (Resigned in December December 2015) 146 Total 1,826 572 Executive management remuneration SEK thousand Salary Bonus Pension Other Share option Total Endre Rangnes, CEO 4,331 - 20 3 1,878 6,232 Geir Johansen, CFO 1,863 - 20 8 701 2,591 Oddgeir Hansen, COO 1,609 - 21 8 467 2,106 Siv Farstad, EVP HR 1,600 - 21 9 175 1,806 Johnny Tsolis, EVP Stategy and Projects 1,887 - 21 10 1,174 3,092 Robin Knowles, EVP Portfolio acquisitions (ultimo apr-dec) 915 438 1,353 Total 12,205 - 103 38 4,833 17,179 The CEO, Endre Rangnes has a 6 month notice period and is entitled to a severance pay for 12 months in case of termination by the company. In addition there is a non-compete and non-solicitation clause in the employment agreement. At the end of 2016 there are no loan or prepayments to Board of Directors, Executive management or any other related parties. Note 8 Other operating expenses Other operating expenses SEK thousand 2016 2015 Direct operating expenses, excluding salary -106,066 - External services -57,267 -22,448 IT expenses -19,321 - Other expenses -24,867 -7,492 Other operating expenses -207,521 -29,940 Remuneration to the auditors (PWC) SEK thousand 2016 2015 Fees, auditing -3,447 -747 Fees, tax advisory -145 - Fees, other services -2,206 -663 Total fee to auditors -5,798 -1,410 Axactor AB | Annual report 2016 43