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XRF SCIENTIFIC LIMITED — Remuneration Information 2012
Aug 8, 2012
66104_rns_2012-08-08_3ae65e06-95c3-400b-ba87-776fd34298d4.pdf
Remuneration Information
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9 August 2012
CEO Remuneration
Further to the ASX Announcement on 6 August 2012, please see attached details of the key terms and conditions of the employment contract with the new CEO Vance Stazzonelli.
Please direct any inquiries to:
Ken Baxter Chairman
Tel: +61 2 9251 3025 [email protected]
About XRF Scientific:
XRF Scientific Limited is an Australian listed company (ASX: XRF) based in Perth, Western Australia. XRF manufactures equipment and chemicals, which are distributed to laboratories in Australia and overseas and used in the preparation of samples for analysis.
XRF has manufacturing, sales and support facilities located in Perth and Melbourne plus a global network of distributors. The Company has representation in the United States, South America, Canada, Europe, Africa, the Middle East and Asia and has a customer base that includes multinational blue‐chip customers such as:‐ BHP Billiton, Rio Tinto, Iluka, Xstrata, Nickel West, Robe River Iron Associates, Alcoa, CSIRO, Intertek, PT Inco, Pilbara Iron, Amdel/Ultratrace, SGS and Campbell Brothers.
XRF’s technology is used to measure the composition and purity of materials and is mainly applied in industrial quality control and in process control for manufacturing processes in industries such as metals and mining, construction materials, chemicals and petrochemicals.
XRF products help customers to improve product quality and performance, increase productivity and yield and reduce downtime and waste. Its businesses have established positions in their specialised markets.
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Summary of the Key Terms of the Employment Agreement between XRF Scientific Limited and Mr Vance Stazzonelli
| Base salary | $250,000 includingsuperannuation |
|---|---|
| Term | 5years,subject to annualperformance reviews |
| Short term incentives | Annual cash bonus dependent upon strict KPI’s and the Board’s assessment of performance against those KPI’s |
| Long term incentives | N/A |
| Termination | 6 months written notice by the employee or the Company |
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