Ann: Notice of Annual General Meeting/Proxy Form, page-3

Previous CEO comp was 50:50 between TSR and EPS CAGR.

Now it is 30% TSR and 70% EPS.

Understandable the shift away from TSR given the new guy comes in now and where current SP is, meaning TSR is a slam-dunk.

The EPS gives a feel for baseline normalised EPS from the board.

I have viewed normalised EPS based on store-count to be 23c (from a rough ~$15m NPAT).

So it is good to know he gets nothing below 20c.

With an SP today of 92c, the low forward P/E (even at the lowest range) tells you the value on offer if you can look into the future.

(FY26 is just the usual 3 year time horizon for a board - I expect norm in FY25)