Lesaka CEO Chris Meyer to step down Feb 29, 2024; Ali Mazanderani appointed Executive Chairman

LESAKA TECHNOLOGIES INC

Group CEO Chris Meyer resigns effective Feb 29, 2024; will remain director at $124K/yr and consult at $11,333/mo.
Ali Mazanderani named Executive Chairman effective Feb 1, 2024; receives $500K base salary and 500K options at $3.50 vesting in one year.
Subject to shareholder approval, Mazanderani may receive 4M additional options at $6, $8, $11, and $14 strike prices, exercisable 2028-2029.
Kuben Pillay steps down as Chairman, becomes Lead Independent Director effective Feb 1, 2024.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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

Appointed

Ali Mazanderani

Executive Chairman

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2024-02-01
Filed: December 4, 2023, 6:59 PM ET

On December 4, 2023, the Company announced that, effective February 1, 2024, Mr. Ali Mazanderani will be appointed Executive Chairman

Role change

Kuben Pillay

Lead Independent Director

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2024-02-01
Filed: December 4, 2023, 6:59 PM ET

On December 4, 2023, the Company announced that, effective February 1, 2024, Mr. Ali Mazanderani will be appointed Executive Chairman and that Mr. Kuben Pillay will step down as Chairman of the Board and will be appointed the Company's Lead Independent Director.

Departed

Chris Meyer

Group Chief Executive Officer

LSAK · LESAKA TECHNOLOGIES INC

Effective: 2024-02-29
Filed: December 4, 2023, 6:59 PM ET

On November 28, 2023, Lesaka Technologies, Inc. (the "Company") Group Chief Executive Officer, Mr. Chris Meyer, informed the Company's Board of Directors ("Board) of his intention to resign from his position as Group Chief Executive Officer of the Company effective as of February 29, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ali Mazanderani was appointed as Executive Chairman at LESAKA TECHNOLOGIES INC.

Action: appointed
Role: Executive Chairman

Exact text from the filing

On December 4, 2023, the Company announced that, effective February 1, 2024, Mr. Ali Mazanderani will be appointed Executive Chairman

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kuben Pillay was appointed as Lead Independent Director at LESAKA TECHNOLOGIES INC.

Action: stepped down as Chairman and appointed Lead Independent Director
Role: Lead Independent Director

Exact text from the filing

On December 4, 2023, the Company announced that, effective February 1, 2024, Mr. Ali Mazanderani will be appointed Executive Chairman and that Mr. Kuben Pillay will step down as Chairman of the Board and will be appointed the Company's Lead Independent Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Meyer resigned as Group Chief Executive Officer at LESAKA TECHNOLOGIES INC.

Action: resigned
Role: Group Chief Executive Officer

Exact text from the filing

On November 28, 2023, Lesaka Technologies, Inc. (the "Company") Group Chief Executive Officer, Mr. Chris Meyer, informed the Company's Board of Directors ("Board) of his intention to resign from his position as Group Chief Executive Officer of the Company effective as of February 29, 2024.

View on SEC.gov

LESAKA TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001062993-23-021822

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