HighCom Management

Management criteria checks 1/4

HighCom's CEO is Scott Basham, appointed in Jul 2021, has a tenure of 2.83 years. total yearly compensation is A$699.20K, comprised of 61.4% salary and 38.6% bonuses, including company stock and options. directly owns 0.81% of the company’s shares, worth A$132.70K. The average tenure of the management team and the board of directors is 1.5 years and 2.7 years respectively.

Key information

Scott Basham

Chief executive officer

AU$699.2k

Total compensation

CEO salary percentage	61.4%
CEO tenure	2.8yrs
CEO ownership	0.8%
Management average tenure	1.5yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Basham's remuneration changed compared to HighCom's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$13m
Sep 30 2023	n/a	n/a	-AU$4m
Jun 30 2023	AU$699k	AU$429k	AU$6m
Mar 31 2023	n/a	n/a	AU$12m
Dec 31 2022	n/a	n/a	AU$19m
Sep 30 2022	n/a	n/a	AU$12m
Jun 30 2022	AU$799k	AU$286k	AU$6m

Compensation vs Market: Scott's total compensation ($USD456.90K) is above average for companies of similar size in the Australian market ($USD292.20K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Basham

2.8yrs

Tenure

AU$699,201

Compensation

Mr. Scott Alexander Basham serves as Group Chief Executive Officer of HighCom Limited (formerly known as XTEK Limited) since 2021 and also served as its Senior Vice President of Tactical & Protection Syste...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Basham	Group Chief Executive Officer	2.8yrs	AU$699.20k	0.81% A$ 132.7k
Jacqui Myers	Group CFO & Company Secretary	1.5yrs	AU$321.81k	no data
David Thompson	Head of Engineering Development - Adelaide Office	no data	AU$103.86k	no data
Natalie Climo	Co-Company Secretary	less than a year	no data	no data

1.5yrs

Average Tenure

Experienced Management: HCL's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Fullerton	Independent Non-Executive Director	6.1yrs	AU$65.00k	0.25% A$ 40.6k
Benjamin Harrison	Independent Non-Executive Director	2.3yrs	AU$65.00k	no data
Mark Stevens	Independent Non-Executive Chairman	2.3yrs	AU$96.00k	no data
Adelaide McDonald	Independent Non-Executive Director	1.8yrs	AU$54.17k	no data
Christopher Pyne	Independent Non-Executive Director	3.5yrs	AU$65.00k	0.037% A$ 6.2k
Mark Smethurst	Independent Non-Executive Director	3.1yrs	AU$65.00k	0.071% A$ 11.6k

2.7yrs

Average Tenure

Experienced Board: HCL's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

HighCom Management

Management criteria checks 1/4

Key information

Recent management updates

HighCom Limited Announces Change of Company Secretary

XTEK Limited, Annual General Meeting, Nov 23, 2023

Less than half of directors are independent

XTEK Limited Announces Executive Changes

Insider recently sold AU$1.0m worth of stock

XTEK Limited, Annual General Meeting, Nov 25, 2022

Recent updates

HighCom Limited to Report First Half, 2024 Results on Feb 29, 2024

New major risk - Market cap size

Now 21% undervalued after recent price drop

HighCom Limited Provides Earnings Guidance for the First Half of Fiscal Year 2024

HighCom Limited Announces Change of Company Secretary

XTEK Limited, Annual General Meeting, Nov 23, 2023

Full year 2023 earnings released: EPS: AU$0.06 (vs AU$0.063 in FY 2022)

Now 23% undervalued after recent price drop

Full year 2023 earnings released: EPS: AU$0.06 (vs AU$0.063 in FY 2022)

New minor risk - Profit margin trend

New minor risk - Financial data availability

Xtek Limited Updates Earnings Forecast for the Year 2023

Now 24% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

First half 2023 earnings released: EPS: AU$0.06 (vs AU$0.075 loss in 1H 2022)

XTEK Limited Receives $0.8 Million in New Defence Funding Grant

XTEK Limited Provides Revenue Guidance for the Fiscal Year 2023

Less than half of directors are independent

XTEK Limited Announces Executive Changes

Insider recently sold AU$1.0m worth of stock

XTEK Limited, Annual General Meeting, Nov 25, 2022

Full year 2022 earnings released: EPS: AU$0.063 (vs AU$0.058 loss in FY 2021)

Full year 2022 earnings released: EPS: AU$0.063 (vs AU$0.058 loss in FY 2021)

XTEK Limited Appoints Adelaide McDonald to its Board of Directors

XTEK Limited Provides Earnings Guidance for the Fiscal Year 2022

Less than half of directors are independent

Less than half of directors are independent

XTEK Limited Announces Resignation of Uwe Boet Cher as Chairman and a Non-Executive Director

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings released: AU$0.058 loss per share (vs AU$0.006 profit in FY 2020)

Less than half of directors are independent

Full year 2021 earnings released: AU$0.058 loss per share (vs AU$0.006 profit in FY 2020)

Less than half of directors are independent

XTEK Limited Signs MOU with Milrem Robotics the Robotics and Autonomous Systems Developer in Europe

XTEK Limited Appoints Christopher Pyne as Non-Executive Director

XTEK Limited Announces the Appointment of Brigadier Mark Smethurst as a Strategic Advisor to the Board of Directors

Full year earnings released - EPS AU$0.0059

XTEK Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Full year earnings released - EPS AU$0.006

XTEK Limited has completed a Follow-on Equity Offering in the amount of AUD 9.171343 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure