Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
Page 33
Page 34
Page 35
Page 36
Page 37
Page 38
Page 39
Page 40
Page 41
Page 42
Page 43
Page 44
Page 45
Page 46
Page 47
Page 48
Page 49
Page 50
Page 51
Page 52
Page 53
Page 54
Page 55
Page 56
Page 57
Page 58
Page 59
Page 60
Page 61
Page 62
Page 63
Page 64
Page 65
Page 66
Page 67
Page 68
Page 69
Page 70
Page 71
Page 72
Page 73
Page 74
Page 75
Page 76
REMUNERATION REPORT FOR YEAR ENDED 30 JUNE 2015 b Remuneration positioning The Groups policy is to position fixed remuneration at the median and total target remuneration between the 25th percentile and the median of the relevant comparator group. The Board believes this current positioning is appropriate given the need to provide a remuneration reward framework which is market competitive and reasonable whilst being acceptable to shareholders. 5. KMP remuneration a Executive service agreements Remuneration and other terms of employment for the CEO and the other executives are formalised in service agreements. Each of these agreements provide for the provision of base salary performance-related cash bonuses and other non-monetary benefits with the key terms outlined below Name1 Type of agreement Base salary including superannuation STI on target 000 LTI value 000 Termination notice period Grant Blackley Permanent 1050 500 300 6 mths either party Nick McKechnie Permanent 519 150 150 6 mths either party Guy Dobson Permanent 652 100 100 6 mths either party Rick Lenarcic Permanent 399 100 100 12 weeks either party Vijay Solanki Permanent 377 80 100 6 mths either party Brian Gallagher2 Permanent 519 150 100 6 mths either party 1 Service contracts for only those KMP who have remained KMP to the date of this report have been detailed in this table. 2 Brian Gallagher commenced employment with the Group on 15 July 2015 as Chief Sales Officer and will be KMP for the 2016 financial year. b Details of executive remuneration The tables below outline statutory remuneration of executives who were KMP excluding NEDs which are disclosed at 7d in 2015 and 2014 in accordance with statutory rules and applicable Accounting Standards. 2015 Short-term employee benefits Post- employment benefits Long-term benefits Share-based payments Name Cash salary and fees1 Cash STI Non- monetary benefits Super contribution Other long-term benefits2 Termination Performance rights Total Executives Grant Blackley 8750 9581 Peter Bush 51136 51136 Rhys Holleran 975000 70000 33536 25000 1088498 1990034 116667 2121739 Nick McKechnie 407197 17500 2461 17146 2345 50000 496649 Guy Dobson 633530 14000 5872 18873 11632 98605 782512 Rick Lenarcic 210000 68003 12829 14088 25538 76801 407259 Andrea Ingham 401500 10000 5872 18873 3420 88884 528549 Vijay Solanki 50214 4696 3752 58662 Craig Bruce 130882 4696 11728 123850 Clive Dickens 202192 3652 16761 7113 229718 Peter Lewis 94573 4641 99214 Total Executive KMP 3164974 179503 64222 125605 1046426 1990034 430957 4908869 1 A number of Executive KMP did not hold their roles for the full financial year. Remuneration is only disclosed for the time they were KMP as specified on page 22. 2 Amounts represent movements in employee leave entitlements with a negative balance representing an overall reduction in the employee leave provision balance compared with prior year. 24 SOUTHERN CROSS AUSTEREO ANNUAL REPORT 2015