Hi all,
Today we announced changes to the remuneration package of Alcidion’s Managing Director, Kate Quirke. These changes were made following a review by the Remuneration and Nomination Committee in conjunction with an independent consultant and reflect industry benchmarks.
The new package consists of an amended base remuneration, available Short Term Incentive (STI) and eligibility to participate in the Long Term Incentive Plan (LTIP) with the issue of rights or options (subject to shareholder approval). Terms and hurdles of the LTIP will be determined and announced in Q3 FY2020. In her tenure as CEO and Managing Director of Alcidion, Kate has demonstrated her ability to grow the business and deliver a meaningful uplift in revenue. This package appropriately recognises Kate for her achievements to-date whilst also incentivising her to strive for further growth.
Details of the new package can be found in the ASX announcement here
Ann: Change to Managing Director's Remuneration Package, page-2
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