Lesaka Technologies sets fiscal 2027 cash incentive awards and raises CFO Dan Smith's salary
Lesaka's compensation committee approved fiscal 2027 cash incentive awards for four executives, including CFO Dan Smith, whose base salary rose to ZAR 7,222,500 ($447,053) effective September 1, 2026. Awards range from 20% to 120% of base salary and depend on quantitative targets such as revenue, adjusted EBITDA and free cash flow conversion, plus qualitative goals, with the committee holding discretion to reduce payouts to zero.
Key points
- CFO Dan Smith's annual base salary increased to ZAR 7,222,500 ($447,053), effective September 1, 2026
- Mr. Smith's maximum fiscal 2027 award is 120% of base salary, or ZAR 8,667,000 ($536,464)
- Mr. Heilbron and Mr. Kola each have a maximum award of $480,000, equal to 120% of a $400,000 base salary
- The committee may reduce or eliminate any award, including reducing payouts to zero, regardless of whether targets are achieved
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.