Came across this Quote: *** " Management compensation is one of...

First 4 Last

birdman29

13,761 Posts.

02/11/17

10:34

Post #: 28428654

Originally posted by birdman29 ↑

Column 1 Column 2

1 23 October 2015 Managing Director Appointment Terms

ASX release
23 October 2015

MANAGING DIRECTOR APPOINTMENT TERMS

Further to its announcement on 15 October 2015 and in accordance with Listing Rule 3.16.4, nearmap Ltd (ASX:NEA) advises that the following material terms have been agreed with respect to Dr Newman’s appointment as Managing Director.
Dr Newman will receive an annual base salary of A$520,000, inclusive of statutory superannuation. In addition, he will be entitled to a discretionary bonus of up to 100% of annual base salary for the two year period to 30 June 2017, payable pro rata over his period in office on the achievement of performance criteria to be set by the Board.
Subject to shareholder approval to be sought at the Company’s 2015 Annual General Meeting (AGM), Dr Newman will be issued 3 million Director Options, each Director Option having an exercise price that is 43% above the closing Share price of the Company’s quoted Shares on ASX the day prior to the Meeting, vesting in equal tranches of 1,000,000 Director Options on the dates that are 12, 24 and 36 months from the date of issue and expiring 48 months from the date of issue.
A one month notice period will apply for the first six months of the Managing Director’s role, reverting to a six month notice period from 15 April 2016.

Dr Newman will be re-locating to Sydney from Perth. The Company has agreed to cover the cost of the lease on an apartment in Sydney for Dr Newman until 30 June 2016.
-ends-

Expand

Came across this Quote:

*** " Management compensation is one of the first things I look at when analysing a stock because it does a great job at showing who the executives are working for; are they managing the company for the benefit of shareholders, or is it just a vehicle to line their own pockets? "

NEA Price at posting: 58.5¢ Sentiment: Hold Disclosure: Held

5 Upvote

0 Great analysis

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 12 more messages in this thread...

First 4 Last

Add NEA (ASX) to my watchlist

Came across this Quote: *** " Management compensation is one of...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Featured News