Their profit before tax for FY23 was a $1.5M loss and they removed the dividend.
Base salary: $532K AUD
401K Plan (like super): $64K
Medial insurance: $51K
Short term incentive: $494K ("Target pay-out", whatever that means)
Long term incentive: 1M shares, (I couldn't find vesting conditions in report, so I am assuming he gets them all)
Other benefits: Mobile telephone, car parking, motor vehicle lease, education expenses, executive health check, flights for family, and other miscellaneous expenses. Value $152K (Taken from Annual report)
Total Value: ~$1.4M AUD.
Which ironically is almost exactly the amount of money lost last financial year.
So I could understand why shareholders might not be super happy with this.
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Ann: CEO/Managing Director Remuneration Update, page-6
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