ONON On Holding AG
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Executive Summary
On Holding AG held its 2026 Annual General Meeting on May 28, 2026, where all 12 agenda items were approved by shareholders, including the re-election of all board members, approval of compensation packages (CHF 30M for executive officers in FY2027), and the conversion of 16,250,000 Class B shares into 1,625,000 Class A shares. The filing also includes the updated Articles of Association reflecting the new capital structure and capital band authorizations through May 2028. This is a routine governance filing with no material financial surprises or operational updates.
Actionable Insight
This is a routine AGM results filing with no earnings or operational updates. The Class B-to-Class A share conversion reduces the voting power differential slightly but is immaterial for common stock valuation. Monitor the next quarterly earnings release for revenue and margin trends; the FY2025 loss of CHF 67.9M was already known from the 20-F filing 94 days prior.
Key Facts
- All 12 AGM agenda items approved by shareholders on May 28, 2026
- Conversion of 16,250,000 Class B Shares into 1,625,000 Class A Shares approved
- Maximum aggregate compensation for executive officers for FY2027 approved at CHF 30,000,000
- Maximum aggregate compensation for non-executive board members approved at CHF 2,000,000
- Supplementary compensation of CHF 1,329,687 for executive officers for FY2025 approved
- Capital band for Class A Shares: CHF 28,347,212.40 (lower) to CHF 33,347,212.40 (upper), valid until May 25, 2028
- Capital band for Class B Shares: CHF 3,186,666.80 (lower) to CHF 3,344,791.80 (upper), valid until May 25, 2028
- Conditional share capital of up to 6,703,083 Class A shares for board/consultant equity plans
- All board members re-elected including Co-Chairmen David Allemann and Caspar Coppetti
- PricewaterhouseCoopers AG re-elected as statutory auditors
- Loss for FY2025 of KCHF 67,944.0 reduced retained earnings to KCHF 31,505.0
Financial Impact
No new financial results disclosed; FY2025 loss of CHF 67.9M was already reported in the 20-F annual filing. Compensation approvals total CHF 33.3M (CHF 30M executive + CHF 2M board + CHF 1.33M supplementary).
Risk Factors
- FY2025 net loss of CHF 67.9M indicates ongoing profitability challenges despite revenue growth
- Capital band authorizations allow up to 25M new Class A shares and 9.5M new Class B shares without further shareholder approval through 2028, creating potential dilution overhang
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-007952 |
| Document: dp246675_6k.htm | 0000950103-26-007952 |
| Document: 0000950103-26-007952-index-headers.html | 0000950103-26-007952 |
| Document: 0000950103-26-007952-index.html | 0000950103-26-007952 |
| Document: 0000950103-26-007952.txt | 0000950103-26-007952 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
15d ago
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6-K
| $40.82 $37.08 | ▼ −9.16% | ▼ −6.66% | $38.58 (−5.49%) |
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May 15, 2026
28d ago
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Insider Cluster
| $37.26 $39.81 | ▲ +6.84% | ▲ +5.88% | $38.58 (+3.54%) |
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May 13, 2026
4w ago
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144
| $36.84 $39.19 | ▲ +6.38% | ▲ +7.10% | $38.58 (+4.72%) |
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May 12, 2026
4w ago
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6-K
| $33.83 $38.10 | ▲ +12.62% | ▲ +12.54% | $38.58 (+14.04%) |
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Apr 17, 2026
8w ago
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6-K
| $37.25 $35.93 | ▼ −3.54% | ▼ −4.46% | $38.58 (+3.57%) |
US Market Status
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