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Neometals Cuts Executive Pay by Up to 34% with Retention Rights Incentives

8:24am on Monday 3rd of August, 2026 AEST Materials
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Neometals Cuts Executive Pay by Up to 34% with Retention Rights Incentives

8:24am on Monday 3rd of August, 2026 AEST
Key Points
  • 25% reduction in cash personnel costs from FY2026
  • Managing Director Christopher Reed's salary cut from $650,000 to $431,500
  • Executive Director Darren Townsend's salary reduced to $355,000
  • Non-executive Chairman Steven Cole sacrifices 50% of fees for performance rights
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