Lesaka Technologies Enhances Executive Compensation and Incentives

Lesaka Technologies (LSAK) has issued an announcement.

Lesaka Technologies, Inc. shareholders have greenlit a significant stock option award for Executive Chairman Ali Mazanderani, totaling 4 million options with staggered exercise prices and a vesting period contingent on continued employment through January 31, 2026. The options are exercisable starting January 31, 2028, and come with multiple exercise methods including cash payment and stock tender. Additionally, the company’s Amended and Restated Stock Incentive Plan has been amended to authorize an additional 3 million shares for issuance, reflecting a strategic move to bolster executive incentives and align leadership interests with shareholder value growth. Both proposals received strong shareholder support during the Special Meeting held on June 3, 2024.

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