Xero Limited · ASX:XRO
Xero — Shareholder Meeting (July 2014)
16 slides from Xero's shareholder meeting presentation, Jul 23, 2014
Slide 1: Annual Meeting
For personal use only Beautiful accounting software Annual Meeting World’s Most Innovative Growth Company 2014
Slide 2: Chairman's Welcome
XERO LIMITED - ANNUAL MEETING W EDNESDAY 23 JULY 2014 For personal use only Chairman’s Welcome Good afternoon and welcome to Xero’s Annual Meeting for 2014. For those of you who don’t know me, my name is Chris Liddell and I’m pleased to be speaking as Chairman of the Board for my first Xero Annual M
Slide 3: Chris Liddell, Board Chairman
For personal use only Chris Liddell BOARD CHAIRMAN
Slide 4: Resolutions
For personal use only 3 Resolutions
Slide 5: Auditor remuneration resolution
RESOLUTION 1 For personal use only That the Board is authorised to fix the remuneration of the auditor. Proxies: FOR AGAINST DISCRETIONARY 34,969,951 (99.565%) 37,784 (0.11%) 114,778 (0.325%)
Slide 6: Election of Chris Liddell
RESOLUTION 2 For personal use only That Chris Liddell, appointed by the Board as an additional Director on 12 February 2014, be elected as a Director of Xero Limited. Proxies: FOR AGAINST DISCRETIONARY 35,007,027 (99.63%) 14,185 (0.04%) 115,256 (0.33%)
Slide 7: Election of Bill Veghte
RESOLUTION 3 For personal use only That Bill Veghte, appointed by the Board as an additional Director on 12 February 2014, be elected as a Director of Xero Limited. Proxies: FOR AGAINST DISCRETIONARY 35,009,664 (99.64%) 11,248 (0.03%) 115,256 (0.33%)
Slide 8: Election of Lee Hatton
RESOLUTION 4 For personal use only That Lee Hatton, appointed by the Board as an additional Director on 10 April 2014, be elected as a Director of Xero Limited. Proxies: FOR AGAINST DISCRETIONARY 35,008,505 (99.63%) 12,407 (0.04%) 116,296 (0.33%)
Slide 9: Re-election of Graham Shaw
RESOLUTION 5 For personal use only That Graham Shaw, retiring from office as a Director of Xero Limited by rotation, be re-elected as a Director of Xero Limited. Proxies: FOR AGAINST DISCRETIONARY 34,888,535 (99.30%) 129,934 (0.37%) 115,698 (0.33%)
Slide 10: Re-election of Sam Morgan
RESOLUTION 6 For personal use only That Sam Morgan, retiring from office as a Director of Xero Limited by rotation, be re-elected as a Director of Xero Limited. Proxies: FOR AGAINST DISCRETIONARY 34,859,386 (99.21%) 160,211 (0.46%) 115,698 (0.33%)
Slide 11: 7(a) Non-Executive Director fee pool increase
RESOLUTION 7(a) For personal use only That the maximum aggregate annual remuneration able to be paid to the Non-Executive Directors be increased by NZ$350,000 from NZ$500,000 to NZ$850,000, with immediate effect. Proxies (Votes excluded – Directors and their associated persons): FOR AGAINST DISCRETI
Slide 12: 7(b) Director remuneration paid in equity securities
RESOLUTION 7(b) For personal use only That any remuneration payable to Non-Executive Directors may be payable either in part or in whole by way of an issue of Equity Securities (as defined in the NZX Listing Rules) as detailed in the Explanatory Notes to the Notice of Meeting. Proxies (Votes exclude
Slide 13: Options granted to Chris Liddell and Bill Veghte
RESOLUTION 8 For personal use only That the grant of 13,481 and 10,785 options to subscribe for ordinary shares in Xero Limited on 12 February 2014 to Chris Liddell and Bill Veghte, respectively, as remuneration for their roles as Directors of Xero Limited (equating to an annual value of NZ$220,000
Slide 14: Future options for Chris Liddell and Bill Veghte
RESOLUTION 9 For personal use only That the grant of options to subscribe for ordinary shares in Xero Limited to Chris Liddell and Bill Veghte, as remuneration for their roles as Directors of Xero Limited (equating to an annual value of NZ$220,000 and NZ$176,000 respectively), in or around February
Slide 15: Shares issued to Lee Hatton in lieu of cash
RESOLUTION 10 For personal use only That the issue of ordinary shares in Xero Limited to Lee Hatton in lieu of cash, as remuneration for her role as Director of Xero Limited to a value of NZ$70,000 per annum on the terms set out in the Explanatory Notes to the Notice of Meeting, be approved. Proxies
Slide 16: Annual Meeting
For personal use only Beautiful accounting software Annual Meeting World’s Most Innovative Growth Company 2014