---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-000247"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:06:28.604586+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lesaka enters new employment arrangement with CEO Steven Heilbron through June 2025; base salary $350K + equity awards

## Summary
- New fixed-term employment from Jan. 1, 2023 to June 30, 2025; annual base salary $350,000.
- Eligible for performance bonus of 60%–120% of base; FY2023 cash incentive unchanged.
- Sign-on award of 300,000 shares vested immediately; 225,000 RSUs vest June 2024 and conditional 225,000 vest June 2025.
- Non-competition 3 months; non-solicitation 24 months; existing restraint extended to Sept. 30, 2025.
- Heilbron will focus on Group Strategy, M&A and Special Projects.

## SEC filing metadata
- accession: 0001062993-23-000247
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299323000247/0001062993-23-000247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299323000247/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-000247
- JSON: https://secwatch.observer/filing/0001062993-23-000247.json
- Plain text: https://secwatch.observer/filing/0001062993-23-000247.txt

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