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Australian Agricultural Company ( (AU:AAC) ) has shared an update.
Australian Agricultural Company Limited has announced changes to the employment agreement of its Managing Director and CEO, Mr. David Harris. The board has introduced stretch targets for employees eligible for short-term incentives (STI), allowing Mr. Harris to potentially earn up to 62.5% of his total fixed annual remuneration as a cash bonus, an increase from the previous 50%. Additionally, Mr. Harris’ long-term incentives may now include a mix of cash and performance rights, rather than solely performance rights, enhancing the flexibility and potential rewards of his compensation package.
The most recent analyst rating on (AU:AAC) stock is a Buy with a A$1.95 price target. To see the full list of analyst forecasts on Australian Agricultural Company stock, see the AU:AAC Stock Forecast page.
More about Australian Agricultural Company
Australian Agricultural Company Limited (AACo) operates in the agriculture industry, focusing on cattle production and beef supply. The company is known for its extensive cattle stations across Australia and its commitment to high-quality beef products.
Average Trading Volume: 155,163
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$864.6M
For detailed information about AAC stock, go to TipRanks’ Stock Analysis page.