Net1 appoints Naeem Kola as Group CFO; Alex Smith becomes CAO effective March 1, 2022

LESAKA TECHNOLOGIES INC

Naeem Kola, former CFO of Emerging Markets Payments Group, appointed Group CFO effective March 1, 2022.
Alex Smith transitions from CFO to new Group CAO role; salary reduces from $395,650 to $270,000 effective April 1, 2022.
Kola receives $450,000 base salary, $1M sign-on RSUs (3-year vest), and target annual equity of 75% of salary.
Smith eligible for ZAR 1,875,000 bonus conditional on successful transition and closing of strategic acquisition.
Appointment follows recent announcement of transformative acquisition of Connect Group, per press release.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Naeem Kola

Group Chief Financial Officer

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2022-03-01
Filed: December 10, 2021, 6:59 PM ET

On December 8, 2021, the board of directors of Net 1 UEPS Technologies, Inc. (the "Company") approved the appointment of Naeem Kola as Group Chief Financial Officer ("CFO") of the Company, effective March 1, 2022 (the "Effective Date").

Role change

Alex M.R. Smith

Group Chief Accounting Officer

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2022-03-01
Filed: December 10, 2021, 6:59 PM ET

Upon assuming the role of CAO, Mr. Smith will transition his role and responsibilities as CFO to Mr. Kola and will resign from the board of directors of the Company.

Departed

Alex M.R. Smith

Director

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2022-03-01
Filed: December 10, 2021, 6:59 PM ET

Upon assuming the role of CAO, Mr. Smith will transition his role and responsibilities as CFO to Mr. Kola and will resign from the board of directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Naeem Kola was appointed as Group Chief Financial Officer at LESAKA TECHNOLOGIES INC.

Action: appointed
Role: Group Chief Financial Officer

Exact text from the filing

On December 8, 2021, the board of directors of Net 1 UEPS Technologies, Inc. (the "Company") approved the appointment of Naeem Kola as Group Chief Financial Officer ("CFO") of the Company, effective March 1, 2022 (the "Effective Date").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alex M.R. Smith was appointed as Group Chief Accounting Officer at LESAKA TECHNOLOGIES INC.

Action: appointed
Role: Group Chief Accounting Officer

Exact text from the filing

Upon assuming the role of CAO, Mr. Smith will transition his role and responsibilities as CFO to Mr. Kola and will resign from the board of directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Alex M.R. Smith resigned as Director at LESAKA TECHNOLOGIES INC.

Action: resigned
Role: Director

Exact text from the filing

Upon assuming the role of CAO, Mr. Smith will transition his role and responsibilities as CFO to Mr. Kola and will resign from the board of directors of the Company.

View on SEC.gov

LESAKA TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001062993-21-012572

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