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Form of Proxy

ON HOLDING AG

Notes

No. Proposition For Against Abstain
1

Acknowledgement of the Annual Report and the Audit Reports and Approval of the Management Report, the Annual Consolidated Financial Statements of On Holding AG and the Annual Financial Statements of On Holding AG for 2025

2

Appropriation of 2025 Financial Results

3

Approval of the Report on Non-Financial Matters 2025

4

Discharge of the Members of the Board of Directors and of the Executive Officers

5

Re-Election of Alex Pérez as Proposed Representative of the Holders of Class A Shares on the Board of Directors

6

Re-Election of the Member of the Board of Director: David Allemann

7

Re-Election of the Member of the Board of Director: Amy Banse

8

Re-Election of the Member of the Board of Director: Olivier Bernhard

9

Re-Election of the Member of the Board of Director: Caspar Coppetti

10

Re-Election of the Member of the Board of Director: Dennis Durkin

11

Re-Election of the Member of the Board of Director: Helena Helmersson

12

Re-Election of the Member of the Board of Director: Laura Miele

13

Re-Election of the Member of the Board of Director: Alex Pérez

14

Re-Election of the Co-Chairmen of the Board of Director: David Allemann

15

Re-Election of the Co-Chairmen of the Board of Director: Caspar Coppetti

16

Re-Election of the Member of the Nomination and Compensation Committee: Amy Banse

17

Re-Election of the Member of the Nomination and Compensation Committee: Helena Helmersson

18

Re-Election of the Member of the Nomination and Compensation Committee: Alex Pérez

19

Re-Election of the Independent Proxy Representative

20

Re-Election of Statutory Auditors

21

Consultative Vote on the 2025 Compensation Report

22

Approval of the Maximum Aggregate Compensation for the Non- Executive Members of the Board of Directors for the Period between this AGM and the next AGM to be held in 2027

23

Approval of a Supplementary Amount for the Compensation of the Executive Officers for the Financial Year 2025

24

Approval of the Maximum Aggregate Compensation for the Executive Officers for the Financial Year 202

25

Conversion of Class B Shares to Class A Shares / Amendment of the Article 3, Article 3b and Article 3c of the Articles of Association

26

If a new proposal is made under a new or existing agenda item, I instruct the Independent Proxy Representative to: Marking For equals vote in accordance with the recommendation of the Board of Directors. Marking Against equals vote against the proposal. Marking Abstain equals Abstain.