Business Context and Reporting Period
This Form 6-K filing by On Holding AG reports the results of the Annual General Meeting (AGM) held on May 28, 2026. The meeting addressed the approval of financial statements for the fiscal year 2025, governance elections, and capital structure amendments.
Key Financial Metrics
- 2025 Net Loss: KCHF 67,944.0 (approx. CHF 67.9 million).
- Profit Carried Forward (Post-2025): KCHF 31,505.0 (approx. CHF 31.5 million), reduced from KCHF 99,449.0 in 2024.
- Executive Officer Compensation (2025): Approved supplementary amount of CHF 1,329,687 in addition to the previously approved CHF 26 million cap.
- Executive Officer Compensation Cap (2027): Approved maximum aggregate compensation of CHF 30,000,000.
- Non-Executive Board Compensation Cap (2026-2027): Approved maximum aggregate compensation of CHF 2,000,000.
Note: This filing does not provide specific values for revenue, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes and Corporate Actions
- Capital Structure: Shareholders approved the conversion of 16,250,000 Class B Shares into 1,625,000 Class A Shares, accompanied by amendments to the Articles of Association.
- Financial Position: The 2025 loss significantly reduced the retained earnings balance carried forward from 2024.
Guidance, Outlook, and Governance
- Management Commentary: The filing contains no forward-looking guidance, revenue outlook, or management commentary regarding future performance.
- Governance Elections:
- Re-elected David Allemann and Caspar Coppetti as Co-Chairmen of the Board.
- Re-elected the full Board of Directors, including Alex Pérez as the Class A Shareholder representative.
- Re-elected PricewaterhouseCoopers AG as statutory auditors.
- Risks and Contingencies: No specific risks or contingencies were disclosed in this document.
Investor Verification Checklist
- Verify the full 2025 Annual Report and Consolidated Financial Statements to analyze revenue trends and the causes of the KCHF 67.9 million loss.
- Confirm the impact of the Class B to Class A share conversion on total share count and voting rights.
- Review the detailed 2025 Compensation Report to understand the breakdown of the approved executive pay.
- Check subsequent filings for updated liquidity and debt positions, as this 6-K does not contain current balance sheet data.