Tyro Payments Management

Management criteria checks 3/4

Tyro Payments' CEO is Jon Davey, appointed in Oct 2022, has a tenure of 2.08 years. total yearly compensation is A$2.16M, comprised of 34.4% salary and 65.6% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth A$497.80K. The average tenure of the management team and the board of directors is 2.1 years and 3.2 years respectively.

Key information

Jon Davey

Chief executive officer

AU$2.2m

Total compensation

CEO salary percentage	34.4%
CEO tenure	2.1yrs
CEO ownership	0.1%
Management average tenure	2.1yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jon Davey's remuneration changed compared to Tyro Payments's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$744k	AU$26m
Mar 31 2024	n/a	n/a	AU$18m
Dec 31 2023	n/a	n/a	AU$10m
Sep 30 2023	n/a	n/a	AU$8m
Jun 30 2023	AU$2m	AU$544k	AU$6m

Compensation vs Market: Jon's total compensation ($USD1.41M) is above average for companies of similar size in the Australian market ($USD927.25K).

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

CEO

Jon Davey

2.1yrs

Tenure

AU$2,163,797

Compensation

Mr. Jonathan Davey, also known as Jon, serves as Managing Director at Tyro Payments Limited since September 01, 2023 and serves as its Executive Director since September 01, 2023. He served as Chief Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Davey	CEO, Managing Director & Executive Director	2.1yrs	AU$2.16m	0.10% A$ 497.8k
Steven Chapman	Chief Risk Officer	5.7yrs	AU$637.70k	0.0060% A$ 29.7k
Emma Burke	Chief Financial Officer	less than a year	no data	no data
Monica Appleby	Chief People & Communications Officer	no data	no data	no data
Robin George	Chief Marketing Officer	2.5yrs	no data	no data
Adrian Perillo	Chief Executive Officer of Tyro Health	2.1yrs	no data	no data
Deanne Bannatyne	Chief Growth Officer	1.6yrs	no data	no data
Jairan Amigh	Special Counsel & Company Secretary	4.8yrs	no data	no data

2.1yrs

Average Tenure

Experienced Management: TYR's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Davey	CEO, Managing Director & Executive Director	1.2yrs	AU$2.16m	0.10% A$ 497.8k
Fiona Pak-Poy	Independent Non-Executive Chair	5.2yrs	AU$280.59k	0.054% A$ 269.5k
Aliza Knox	Independent Non-Executive Director	3.6yrs	AU$147.41k	0.0067% A$ 33.0k
Claire Hatton	Independent Non-Executive Director	2.8yrs	AU$177.60k	0.011% A$ 52.1k
Paul Rickard	Independent Non-Executive Director	15.3yrs	AU$202.05k	0.47% A$ 2.4m
Shefali Roy	Independent Non-Executive Director	2.8yrs	AU$155.73k	0.0093% A$ 46.0k

3.2yrs

Average Tenure

Experienced Board: TYR's board of directors are considered experienced (3.2 years average tenure).

Tyro Payments Management

Management criteria checks 3/4

Key information

Recent management updates

Tyro Payments Limited Announces Chief Financial Officer Changes

Tyro Payments Limited Announces Appointment of Jon Davey as Managing Director and Board of Director, Effective on September 1, 2023

Tyro Payments Limited, Annual General Meeting, Oct 26, 2023

Tyro Payments Announces Resignation of Robbie Cooke from the Board, Effective 3 October 2022

Tyro Payments Limited Announces Appointment of Jonathan (Jon) Davey as Chief Executive Officer

Tyro Payments Limited Announces Resignation of Robbie Cooke as Managing Director

Recent updates

Now 21% overvalued

New major risk - Revenue and earnings growth

Full year 2024 earnings released: EPS: AU$0.049 (vs AU$0.012 in FY 2023)

Now 20% overvalued after recent price rise

Tyro Payments Limited Announces Chief Financial Officer Changes

First half 2024 earnings released: EPS: AU$0.01 (vs AU$0.002 in 1H 2023)

New minor risk - Earnings quality

Tyro Payments Limited to Report First Half, 2024 Results on Feb 27, 2024

Tyro Payments Limited to Report Fiscal Year 2024 Results on Aug 26, 2024

Tyro Payments Limited Announces Appointment of Jon Davey as Managing Director and Board of Director, Effective on September 1, 2023

Full year 2023 earnings released: EPS: AU$0.012 (vs AU$0.057 loss in FY 2022)

Forecast breakeven date pushed back to 2024

Tyro Payments Ends Buyout Discussions with Potentia After Rejecting AUD 875 Million Bid

Forecast breakeven date pushed back to 2024

Forecast breakeven date pushed back to 2025

Forecast breakeven date moved forward to 2023

Tyro Payments Limited Reaches Agreement to Settle Class Action

Tyro Payments Limited, Annual General Meeting, Oct 26, 2023

Tyro Payments Limited to Report First Half, 2023 Results on Feb 28, 2023

A consortium of HarbourVest Partners, LLC, MLC Investments Limited, Cbus Industry Superannuation Fund led by Potentia Capital Pty. Ltd. cancelled the bid to acquire Tyro Payments Limited (ASX:TYR) from Grok Ventures Pty. Ltd. and others.

A consortium of HarbourVest Partners, LLC, MLC Investments Limited, Cbus Industry Superannuation Fund led by Potentia Capital Pty. Ltd. cancelled the bid to acquire Tyro Payments Limited (ASX:TYR) from Grok Ventures Pty. Ltd. and others.

Westpac Reportedly Plays the Long Game in Tyro Payments Buy

Westpac Reportedly Closer to Tyro Deal as Second Suitor Turns Up

Tyro Payments in Takeover Talks with Selected Parties

Tyro Payments Announces Resignation of Robbie Cooke from the Board, Effective 3 October 2022

Tyro Payments Limited Announces Appointment of Jonathan (Jon) Davey as Chief Executive Officer

Full year 2022 earnings released: AU$0.057 loss per share (vs AU$0.059 loss in FY 2021)

Forecast to breakeven in 2024

Forecast breakeven date pushed back to 2025

Tyro Payments Limited Announces Resignation of Robbie Cooke as Managing Director

High number of new directors

Independent Non-Executive Chairman recently bought AU$101k worth of stock

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Forecast breakeven date pushed back to 2024

High number of new directors

Non-Executive Non-Independent Director recently sold AU$8.2m worth of stock

Non-Executive Non-Independent Director recently sold AU$8.2m worth of stock

Forecast to breakeven in 2023

Full year 2021 earnings released: AU$0.059 loss per share (vs AU$0.08 loss in FY 2020)

Independent Non-Executive Director Catherine Harris has left the company

Non-Executive Non-Independent Director recently sold AU$2.8m worth of stock

Non-Executive Non-Independent Director recently sold AU$5.3m worth of stock

Tyro Payments Limited (ASX:TYR) completed the acquisition of Medipass Solutions Pty Ltd from founder Peter Williams, Chief Executive Officer Jonathan Davey, NAB Ventures, fund managed by National Australia Bank, Investment Arm and other.

Non-Executive Non-Independent Director recently sold AU$1.5m worth of stock

Tyro Payments Limited (ASX:TYR) signed an agreement to acquire Medipass Solutions Pty Ltd from founder Peter Williams, Chief Executive Officer Jonathan Davey, NAB Ventures, fund managed by National Australia Bank, Investment Arm and other for AUD 22.5 million.

Revenue misses expectations

First half 2021 earnings released: AU$0.007 loss per share (vs AU$0.043 loss in 1H 2020)

Tyro Payments Limited (ASX:TYR) acquired 20% stake in Axis IP Pty Ltd. for AUD 1.9 million.

Tyro Payments Limited, Annual General Meeting, Nov 03, 2021

New 90-day low: AU$2.86

New 90-day low: AU$3.31

Non-Executive Non-Independent Director recently sold AU$454k worth of stock

Non-Executive Non-Independent Director recently sold AU$498k worth of stock

Independent Non-Executive Director recently sold AU$919k worth of stock

Tyro Partnering with Bendigo Bank

New 90-day high: AU$4.00

Insider recently sold AU$18.9m worth of stock

New 90-day low - AU$3.18

Full year earnings released - AU$0.08 loss per share

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure