Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated May 24, 2017, discloses a change in the company's directorate. The report pertains to the departure of a Non-executive Director effective as of the close of business on May 23, 2017, following the Annual General Meeting.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on director remuneration details:
- Annual Base Fee: €135,000 per annum for the Non-executive Director role.
- Committee Fees: €17,250 per annum for each committee membership (Corporate and Social Responsibility Committee and Remuneration Committee).
- Payment Basis: Fees are calculated on a pro-rata basis up to and including May 23, 2017.
- Severance: No other remuneration or payment for loss of office will be made.
Material Changes
The material change reported is the resignation of Patricia Woertz as a Non-executive Director. This follows a prior announcement made on March 9, 2017. The filing confirms the effective date of her departure and the finalization of her compensation entitlements.
Guidance, Outlook, and Risks
The filing contains no financial guidance, operational outlook, management commentary on business performance, or discussion of risks and contingencies. The document is a statutory disclosure under Section 430 (2B) of the Companies Act 2006 regarding director remuneration upon departure.
Investor Verification Checklist
- Verify the effective date of Patricia Woertz's departure (May 23, 2017).
- Confirm the pro-rata calculation of fees based on the annual base fee of €135,000 and committee fees of €17,250 each.
- Ensure no additional payments for loss of office are being made beyond the pro-rata fees.
- Note that this filing does not contain financial performance data for the period.