HAZ 0.00% 4.0¢ hazelwood resources ltd

Ann: Full Year Statutory Accounts , page-5

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  1. 323 Posts.
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    I also read on and was just as stumped at page 12 (Remuneration) in which directors were on 3 and 5 year contracts with 12 months termination clauses (what???) so if they are lacklustre, mediocre (at best) performers shareholders would have to pay best part of a million dollars ($890K) assuming they went nicely to go home and not come back. This is assuming the relections went against them at an AGM.

    Below I summarise the contracts annual salary, super cash beneifits as well as the term in [years] that the contract goes for.

    McAuliffe
    HAZ $229K [3]
    ATCHK $138K [5]

    Butler Blaxell
    HAZ $229K [3]
    ATCHK $138K [5]

    Chegwidden
    HAZ $0K
    ATCHK $138K [5]

    Yu
    HAZ $0K
    ATCHK $15K [5]

    I also note that upon "pracital completion" whih is being argued now, the ATCHK payments for McAuliffe and Butler-Blaxell go up another $130K combined. This is a nice touch as it makes it a coll million bucks for shareholders to actually exercise their rights and not re-elect these people at an AGM.

    One thing to remember if you see their names associated with another company perhaps....

    Then I could begin with some other gems, but I will see if someone else notes those.
 
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