Speciality Metals International Limited Annual Report 2020

Speciality Metals International Limited Annual Report 2020 27 Page | 27 DIRECTORS’ REPORT 1 R.H. Krause resigned as Executive Director and Chief Executive Officer on 24 April 2020. 2 O. Kleinhempel appointed as Non-Executive Director on 12 August 2019 and as Non-executive Chairman on 24 April 2020. 3 Z.P. Yeo appointed as Non-Executive Director on 12 August 2019. 4 K.B. MacNeill appointed as Interim CEO & Senior Technical Advisor on 7 May 2020. 5 C.P. Godfrey employed as Chief Operating Officer on 4 November 2019. Mr Godfrey was engaged as a consultant prior to this date and ceased employment with the Company on 31 July 2020. 6 A.M. Wing resigned as Company Secretary on 1 September 2020. 7 Performance rights and options do not represent cash payments to Directors or senior executives and performance rights/share options granted may or may not be exercised by the Directors or executives. 2019 Short-term employee benefits – cash salary and fees $ Post-employment benefits - Superannuation $ Termination benefits $ Share-based payments Total $ % Performance Based Shares $ Performance Rights and Options 7 $ Directors R.H. Krause 1 150,000 - - - 195,737 345,737 56.6% S. Layton 48,000 - - - 65,246 113,246 57.6% R.W. Nice 16,000 - - - 65,246 81,246 80.3% Executives A.M. Wing D.W. Clark 20,000 29,100 - - - - - - - - 20,000 29,100 0.0% 0.0% Total key management personnel compensation 263,100 - - - 326,229 589,329 2020 Short-term employee benefits – cash salary, fees and super $ Post-employment benefits - Superannuation $ Termination benefits $ Share-based payments Total $ % Performance Based Shares $ Performance Rights and Options 7 $ Directors O. Kleinhempel 2 42,581 - - - - 42,581 0.0% S. Layton 48,000 - - - - 48,000 0.0% Z.P. Yeo 3 42,581 - - - - 42,581 0.0% R.H. Krause 1 228,121 - 137,500 - - 365,621 0.0% Executives K.B. MacNeill 4 24,000 - - - - 24,000 0.0% C.P. Godfrey 5 218,056 13,875 - - - 231,931 0.0% A.M. Wing 6 54,000 - - - - 54,000 0.0% Total key management personnel compensation 657,339 13,875 137,500 - - 808,714