LSAK · Lesaka Technologies Inc · Executive Compensation

$4.19 -0.08 (-1.94%)

Market Cap

$366.47M

85.82M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Steven Heilbron	Head of Mergers & Acquisitions and Corporate Development	$391,667	—	—	$842,000	$240,000	—	$1,473,667
Dan Smith	Group Chief Financial Officer and Director	$246,886	—	$911,200	—	$251,397	—	$1,409,483
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	$410,709	—	$526,500	—	$230,447	—	$1,167,656
Naeem Kola	Group Chief Operating Officer and Director	$412,500	—	$526,500	—	$80,000	$12,000	$1,031,000
Ali Mazanderani	Executive Chairman and Director	$541,667	—	—	—	—	$67,682	$609,349

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Ali Mazanderani	Executive Chairman and Director	$208,333	—	—	$5,480,000	—	$20,892	$5,709,225
Steven Heilbron	Head of Mergers & Acquisitions and Corporate Development	$350,000	$72,366	$983,250	—	$327,634	—	$1,733,250
Naeem Kola	Group Chief Operating Officer and Director	$450,000	—	$259,031	—	$377,551	$10,886	$1,097,468
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	$385,120	—	$253,702	—	$427,027	—	$1,065,849

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Steven Heilbron	Head of Mergers & Acquisitions and Corporate Development	$296,682	—	$2,388,750	—	$318,185	—	$3,003,617
Chris Meyer	Former Group Chief Executive Officer and Director	$650,000	—	$257,985	—	$524,875	—	$1,432,860
Naeem Kola	Group Chief Operating Officer and Director	$450,000	—	$157,589	—	$286,380	$9,805	$903,774
Naeem E. Kola	Group Chief Financial Officer, Treasurer, Secretary and Director	$450,000	—	$157,589	—	$286,380	$9,805	$903,774
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	$394,609	—	$179,242	—	$289,867	—	$863,718
Alex M.R. Smith	Chief Accounting officer	$180,000	—	—	—	—	$183,785	$363,785

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Chris G.B. Meyer	Group Chief Executive Officer and Director	$650,000	—	$2,548,441	—	$780,000	—	$3,978,441
Chris Meyer	Former Group Chief Executive Officer and Director	$650,000	—	$2,548,441	—	$780,000	—	$3,978,441
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	$460,502	—	$572,337	—	$460,527	—	$1,493,366
Naeem E. Kola	Group Chief Financial Officer, Treasurer, Secretary and Director	$150,000	—	$1,000,000	—	$150,000	$1,839	$1,301,839
Alex M.R. Smith	Chief Accounting officer	$364,240	$179,139	$97,495	—	—	—	$640,874
Steven Heilbron	Executive and Director	$57,552	—	—	—	—	—	$57,552

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	$83,398	—	$663,785	—	—	—	$747,183
Alex M.R. Smith	Chief Accounting officer	$395,650	—	$265,200	—	—	—	$660,850
Chris G.B. Meyer	Group Chief Executive Officer and Director	—	—	—	—	—	—	$0
Steven Heilbron	Chief Executive Officer: Connect Group and Director	—	—	—	—	—	—	$0
Naeem E. Kola	Group Chief Financial Officer, Treasurer, Secretary and Director	—	—	—	—	—	—	$0
Chris Meyer	Group Chief Executive Officer and Director	—	—	—	—	—	—	$0

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Herman Kotzé	Chief Executive Officer and Director	$666,925	—	$1,352,700	—	$528,343	$37,286	$2,585,254
Nunthakumarin Pillay	Managing Director: Southern Africa Includes only those columns relating to compensation awarded to, earned by, or paid to the named executive officers in any of fiscal 2020, 2019 or 2018. All other columns have been omitted. Mr. Kotzé left us on September 30, 2020, and Mr. Oh left us on March 9, 2020. The applicable amount for Messrs. Kotzé and Smith is denominated in and paid in ZAR at the exchange rate in effect at the time of payment. Mr. Pillay's salary is denominated and paid in ZAR and has been converted into at the average exchange rate for the applicable fiscal year. Mr. Oh's salary is denominated and paid in KRW and has been converted into at the average exchange rate for the applicable period. The 2020 amounts presented for Messrs. Kotzé, Pillay and Smith are after the agreed COVID-19 salary reduction under which we donated 30% of their fourth quarter base salary to initiatives fighting against the COVID-19 pandemic in South Africa. The 2018 amount for Mr. Smith represents his salary from March 1, 2018, the date he joined our company. Bonus and non-equity incentive plan compensation represent amounts earned by Messrs. Kotzé, Smith, Meyer and Pillay for the fiscal years ended June 30, and were paid after close of the fiscal year, except for a signing bonus of ZAR 3.0 million paid to Mr. Smith in March 2018, which has been converted into at the exchange rate on March 1, 2018. The quantitative portion earned of Mr. Oh's 2018 non-equity incentive plan was paid in February 2018 and the qualitative portion was paid after close of the fiscal year. Mr. Smith's bonus also includes an annual discretionary bonus of 56,250 paid for fiscal 2018. The amounts for Messrs. Kotzé and Smith are denominated in , the amounts for Messrs. Oh and Pillay are denominated and paid in KRW and ZAR, respectively, and as applicable, converted into at the average exchange rate for the year in which the amount was earned. Represents FASB ASC Topic 718 grant date fair value of restricted stock and stock options granted under our stock incentive plan. See note 20 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2020, for the relevant assumptions used in calculating grant date fair value under FASB ASC Topic 718. Includes 37,286, 25,639, and 22,133 related to the encashment of leave for fiscal 2020, 2019 and 2018, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment. Represents payments made by us for Mr. Meyers's club memberships, use of motor vehicles and medical benefits. Fiscal 2020, 2019 and 2018 amounts each include a housing allowance of 102,000. Represents payments made by us for Mr. Oh's South Korea mandatory employee national health insurance, national pension, school fees and automobile expenses, which are paid in KRW converted into at the average exchange rate for the year. The fiscal 2020, 2019 and 2018 amounts include car rental of 31,956, 49,588 and 51,191, respectively. Includes reimbursement of mobile phone expenditure of 2,313, 2,541, and 2,810 for fiscal 2020, 2019 and 2018, respectively, and also includes the encashment of leave of 32,981 and 16,485 for fiscal 2020 and 2019, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment.	$300,591	—	$542,700	—	$186,809	$35,294	$1,065,394
Alex M.R. Smith	Chief Accounting officer	$357,050	—	$405,000	—	$211,296	—	$973,346
Phil-Hyun Oh	President - KSNET	$260,138	—	—	$0	$265,144	$50,726	$576,008
Philip S. Meyer	Managing Director - IPG	$200,720	—	—	—	—	$149,280	$350,000
Lincoln Mali	Chief Executive Officer: Southern Africa and Director	—	—	—	—	—	—	$0
Naeem E. Kola	Group Chief Financial Officer, Treasurer, Secretary and Director	—	—	—	—	—	—	$0
Chris G.B. Meyer	Group Chief Executive Officer and Director	—	—	—	—	—	—	$0
Steven Heilbron	Chief Executive Officer: Connect Group and Director	—	—	—	—	—	—	$0

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Herman Kotzé	Chief Executive Officer and Director	$721,000	—	$44,660	$117,160	$200,569	$25,639	$1,109,028
Phil-Hyun Oh	President - KSNET	$404,085	—	—	$54,540	$378,446	$76,716	$913,787
Alex M.R. Smith	Chief Financial Officer, Treasurer, Secretary and Director	$375,000	—	$23,100	$60,600	$120,000	—	$578,700
Nunthakumarin Pillay	Managing Director: Southern Africa Includes only those columns relating to compensation awarded to, earned by, or paid to the named executive officers in any of fiscal 2020, 2019 or 2018. All other columns have been omitted. Mr. Kotzé left us on September 30, 2020, and Mr. Oh left us on March 9, 2020. The applicable amount for Messrs. Kotzé and Smith is denominated in and paid in ZAR at the exchange rate in effect at the time of payment. Mr. Pillay's salary is denominated and paid in ZAR and has been converted into at the average exchange rate for the applicable fiscal year. Mr. Oh's salary is denominated and paid in KRW and has been converted into at the average exchange rate for the applicable period. The 2020 amounts presented for Messrs. Kotzé, Pillay and Smith are after the agreed COVID-19 salary reduction under which we donated 30% of their fourth quarter base salary to initiatives fighting against the COVID-19 pandemic in South Africa. The 2018 amount for Mr. Smith represents his salary from March 1, 2018, the date he joined our company. Bonus and non-equity incentive plan compensation represent amounts earned by Messrs. Kotzé, Smith, Meyer and Pillay for the fiscal years ended June 30, and were paid after close of the fiscal year, except for a signing bonus of ZAR 3.0 million paid to Mr. Smith in March 2018, which has been converted into at the exchange rate on March 1, 2018. The quantitative portion earned of Mr. Oh's 2018 non-equity incentive plan was paid in February 2018 and the qualitative portion was paid after close of the fiscal year. Mr. Smith's bonus also includes an annual discretionary bonus of 56,250 paid for fiscal 2018. The amounts for Messrs. Kotzé and Smith are denominated in , the amounts for Messrs. Oh and Pillay are denominated and paid in KRW and ZAR, respectively, and as applicable, converted into at the average exchange rate for the year in which the amount was earned. Represents FASB ASC Topic 718 grant date fair value of restricted stock and stock options granted under our stock incentive plan. See note 20 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2020, for the relevant assumptions used in calculating grant date fair value under FASB ASC Topic 718. Includes 37,286, 25,639, and 22,133 related to the encashment of leave for fiscal 2020, 2019 and 2018, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment. Represents payments made by us for Mr. Meyers's club memberships, use of motor vehicles and medical benefits. Fiscal 2020, 2019 and 2018 amounts each include a housing allowance of 102,000. Represents payments made by us for Mr. Oh's South Korea mandatory employee national health insurance, national pension, school fees and automobile expenses, which are paid in KRW converted into at the average exchange rate for the year. The fiscal 2020, 2019 and 2018 amounts include car rental of 31,956, 49,588 and 51,191, respectively. Includes reimbursement of mobile phone expenditure of 2,313, 2,541, and 2,810 for fiscal 2020, 2019 and 2018, respectively, and also includes the encashment of leave of 32,981 and 16,485 for fiscal 2020 and 2019, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment.	$336,339	—	$23,100	$60,600	$120,000	$19,023	$559,062
Philip S. Meyer	Managing Director - IPG	$197,266	—	—	$54,540	$92,536	$149,280	$493,622

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Herman Kotzé	Chief Executive Officer and Director	$700,000	—	$995,500	—	$235,200	$22,133	$1,952,833
Phil-Hyun Oh	President - KSNET	$420,488	—	$140,700	—	$172,674	$82,481	$816,303
Alex M.R. Smith	Chief Financial Officer, Treasurer, Secretary and Director	$125,000	$309,056	$233,646	—	—	—	$667,702
Nunthakumarin Pillay	Managing Director: Southern Africa Includes only those columns relating to compensation awarded to, earned by, or paid to the named executive officers in any of fiscal 2020, 2019 or 2018. All other columns have been omitted. Mr. Kotzé left us on September 30, 2020, and Mr. Oh left us on March 9, 2020. The applicable amount for Messrs. Kotzé and Smith is denominated in and paid in ZAR at the exchange rate in effect at the time of payment. Mr. Pillay's salary is denominated and paid in ZAR and has been converted into at the average exchange rate for the applicable fiscal year. Mr. Oh's salary is denominated and paid in KRW and has been converted into at the average exchange rate for the applicable period. The 2020 amounts presented for Messrs. Kotzé, Pillay and Smith are after the agreed COVID-19 salary reduction under which we donated 30% of their fourth quarter base salary to initiatives fighting against the COVID-19 pandemic in South Africa. The 2018 amount for Mr. Smith represents his salary from March 1, 2018, the date he joined our company. Bonus and non-equity incentive plan compensation represent amounts earned by Messrs. Kotzé, Smith, Meyer and Pillay for the fiscal years ended June 30, and were paid after close of the fiscal year, except for a signing bonus of ZAR 3.0 million paid to Mr. Smith in March 2018, which has been converted into at the exchange rate on March 1, 2018. The quantitative portion earned of Mr. Oh's 2018 non-equity incentive plan was paid in February 2018 and the qualitative portion was paid after close of the fiscal year. Mr. Smith's bonus also includes an annual discretionary bonus of 56,250 paid for fiscal 2018. The amounts for Messrs. Kotzé and Smith are denominated in , the amounts for Messrs. Oh and Pillay are denominated and paid in KRW and ZAR, respectively, and as applicable, converted into at the average exchange rate for the year in which the amount was earned. Represents FASB ASC Topic 718 grant date fair value of restricted stock and stock options granted under our stock incentive plan. See note 20 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2020, for the relevant assumptions used in calculating grant date fair value under FASB ASC Topic 718. Includes 37,286, 25,639, and 22,133 related to the encashment of leave for fiscal 2020, 2019 and 2018, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment. Represents payments made by us for Mr. Meyers's club memberships, use of motor vehicles and medical benefits. Fiscal 2020, 2019 and 2018 amounts each include a housing allowance of 102,000. Represents payments made by us for Mr. Oh's South Korea mandatory employee national health insurance, national pension, school fees and automobile expenses, which are paid in KRW converted into at the average exchange rate for the year. The fiscal 2020, 2019 and 2018 amounts include car rental of 31,956, 49,588 and 51,191, respectively. Includes reimbursement of mobile phone expenditure of 2,313, 2,541, and 2,810 for fiscal 2020, 2019 and 2018, respectively, and also includes the encashment of leave of 32,981 and 16,485 for fiscal 2020 and 2019, respectively, which was paid in ZAR and converted at the average exchange rate in the month of payment.	$314,237	—	$246,000	—	$70,866	$2,810	$633,913
Philip S. Meyer	Managing Director - IPG	$180,000	$70,000	$140,700	—	—	$149,280	$539,980

Executive changes

Person	Role	Change	Effective	Filed
Ali Mazanderani	Executive Chairman	Appointed	2026-07-01	2026-07-30
Dan L. Smith	director	Appointed	2024-10-01	2024-09-05
Naeem E. Kola	Group Chief Operating Officer	Appointed	2024-10-01	2024-09-05
Dean Sparrow	independent, non-executive director	Appointed	—	2024-09-05
Dan L. Smith	Group Chief Financial Officer	Appointed	2024-10-01	2024-09-05
Monde Nkosi	director	Resigned	—	2024-09-05
Chris Meyer	director	Resigned	2024-10-01	2024-09-05

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