---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-021822"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:32:01.037461+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-23-021822
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299323021822/0001062993-23-021822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299323021822/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-021822
- JSON: https://secwatch.observer/filing/0001062993-23-021822.json
- Plain text: https://secwatch.observer/filing/0001062993-23-021822.txt

## Key facts
- Executive change
  Ali Mazanderani was appointed as Executive Chairman at LESAKA TECHNOLOGIES INC.
  - Action: appointed
  - Role: Executive Chairman
  source text: On December 4, 2023, the Company announced that, effective February 1, 2024, Mr. Ali Mazanderani will be appointed Executive Chairman
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299323021822/0001062993-23-021822-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299323021822/0001062993-23-021822-index.htm
- Executive change
  Chris Meyer resigned as Group Chief Executive Officer at LESAKA TECHNOLOGIES INC.
  - Action: resigned
  - Role: Group Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041514/000106299323021822/0001062993-23-021822-index.htm

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