Company: SQM
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000909037-25-000020
Chunk: 157

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-24
Form: 20-F
Item: Item 6
Chunk 157
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 company such as M&amp;A, development, and finance. He also served as CEO of SQM Australia and Covalent. He was appointed CEO of the International Lithium division in June 2024 to lead the company's lithium growth outside Chile.         June 2024                        
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(1)As of December 31, 2024, Mr. Gil beneficially owned 1,730 SQM shares.
(2)As of December 31, 2024, Mr. Illanes beneficially owned 800 SQM shares.
(3)As of December 31, 2024, Mr. Berguño beneficially owned 380 SQM shares.
6.B.Compensation
At the Annual General Shareholders’ Meeting held on April 25, 2024, shareholders approved the Board of Directors compensation for 2024, including the compensation for the Audit and Financial Risk Committee, Corporate Governance Committee and the Safety, Health and Environmental Committee.
During 2024, directors were paid a monthly retainer fee, which was independent of attendance and the number of Board sessions. For the Chairman and the Vice Chairman, the fee amounted to UF 800 and UF 700 per month respectively. For the remaining six directors, the fee amounted to UF 600 per month each. In addition, the directors received variable compensation (in Chilean pesos) based on a profit-sharing program approved by the shareholders. Both the Chairman and the Vice Chairman received the equivalent of 0.12% of the total net profit that the Company obtained during the 2024 fiscal year and each of the remaining six directors received the equivalent of 0.06% of the 2024 total net profit of the Company.
In addition, during 2024, members of the Directors’ Committee were each paid UF 200 per month, regardless of the number of sessions held by the Directors’ Committee. The members of the Directors’ Committee also received variable compensation (in Chilean pesos) based on a profit-sharing program approved by the shareholders. Also, each member of the Directors’ Committee received an amount equal to 0.02% of the total net profit that the Company obtained during the 2024 fiscal year. 
For the calculation of the variable remuneration that the directors were entitled to receive, the pre-tax profit obtained by the Company during the 2024 fiscal year was considered with a maximum limit of 110% of the variable remuneration paid by the Company's directors for variable remuneration charged to