In the lead up to Xtract One Technologies' Annual General Meeting (AGM) scheduled for November 14, 2023, the company's CEO Peter Evans' pay package and the firm's earnings per share (EPS) performance are set to be key discussion points.
Despite a 14% revenue growth over the previous year, Xtract One Technologies has seen a consistent decline in its EPS by 21% per year over the last three years. This performance discrepancy is expected to be a focal point at the AGM, where shareholders can vote on CEO and executive remuneration packages.
Evans' total compensation for the year stands at CA$763K, which matches the industry median. This includes a CA$511.7K salary, making up 67% of his total pay, and other remuneration comprising the remaining 33%. Notably, Evans' compensation saw a 7.5% increase from CA$709K in 2022. He also holds shares in the company worth CA$286K.
The technology firm, with a market capitalization of CA$143M (USD1 = CAS1.3781) and a total shareholder return of 15% over three years, may face questions from shareholders regarding the high CEO compensation in light of the declining EPS. The outcome of these discussions will be determined at the forthcoming AGM.
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