---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-21-012572"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2021-12-10T23:59:59+00:00"
generated_at: "2026-06-28T01:57:37.080667+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-21-012572
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2021-12-10T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299321012572/0001062993-21-012572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299321012572/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-21-012572
- JSON: https://secwatch.observer/filing/0001062993-21-012572.json
- Plain text: https://secwatch.observer/filing/0001062993-21-012572.txt

## Key facts
- Executive change
  Naeem Kola was appointed as Group Chief Financial Officer at LESAKA TECHNOLOGIES INC.
  - Action: appointed
  - Role: Group Chief Financial Officer
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299321012572/0001062993-21-012572-index.htm
- Executive change
  Alex M.R. Smith was appointed as Group Chief Accounting Officer at LESAKA TECHNOLOGIES INC.
  - Action: appointed
  - Role: Group Chief Accounting Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299321012572/0001062993-21-012572-index.htm
- Executive change
  Alex M.R. Smith resigned as Director at LESAKA TECHNOLOGIES INC.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299321012572/0001062993-21-012572-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.