Ann: Notice of Annual General Meeting/Proxy Form, page-91

pls dont take offence.

Theres many things you can read into what is being proposed. One of them could be that they are expecting a predatory t/o, so they are protecting their management team from hostile bids, so they can focus on their job. Given potential predators for STX, the CEO would be first to go, and the new owner would give them nothing if they could.

One year severance is on the lower side for chief executives. Two years is not unreasonable. The company is being prudent by getting it in writing. If it was not in writing, he could go for 2 years. There is precedent for that.

3 million options.... at 40c ex price = $1.2 million he has to shell out to get the shares. So the options are not worth anything unless the SP hits the roof, and even then, he's going to have to raid his piggy bank to stump up for them.

If you want to see rapists at work, go elsewhere - theres many of them in other ASX listed companies.