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Aristocrat Leisure Limited (ASX: ALL) held its 2026 Annual General Meeting in Sydney on 19 February 2026, with shareholders voting in favour of all six resolutions presented. The meeting, conducted as a hybrid event at the Four Seasons Hotel’s Gallery rooms, covered board elections, executive remuneration, and governance matters in accordance with ASX Listing Rules and the Corporations Act 2001.
All Six Resolutions Carried by Wide Margins
Voting was conducted by poll across all resolutions. The re-election of director Philippe Etienne received 98.32% approval, while the re-election of director Bill Lance passed with 97.69% support. Shareholder approval for the grant of 86,246 Performance Share Rights to CEO and Managing Director Trevor Croker under the company’s Long-Term Incentive Plan (LTIP) was secured with 98.51% of votes cast in favour.
The adoption of the Remuneration Report for the financial year ended 30 September 2025 passed with 97.35% support. Two further resolutions—approval to increase the Non-Executive Directors’ fee pool and renewal of proportional takeover approval provisions—received the strongest backing of the day, at 99.70% and 99.94% respectively.
FY25 Performance and Board Renewal
In his Chairman’s message ahead of the meeting, Neil Chatfield noted that Aristocrat delivered a strong result for the 2025 financial year, with normalised Group NPATA of approximately $1.6 billion, representing a 12% increase in reported currency compared to the prior year’s continuing operations. The company completed its $1.85 billion on-market share buy-back program during the period and launched a new buy-back of up to $750 million. In total, $1.4 billion was returned to shareholders through buy-backs and dividends over the period.
Chatfield confirmed that long-serving Non-Executive Director Pat Ramsey retired at the conclusion of the meeting following more than nine years of service. Natasha Chand will succeed Ramsey as Chairman of the Regulatory and Compliance Committee, while Bill Lance assumes the role of Lead U.S. Director. Aristocrat confirmed it is actively recruiting a new U.S.-based Non-Executive Director.
CEO Remuneration Framework Refreshed
The Board approved a refreshed executive remuneration framework effective from FY26. CEO Trevor Croker’s total target remuneration for FY26 is set at USD$7,153,000, comprising fixed remuneration of USD$1,480,000, a short-term incentive of USD$1,726,700 at target, and a long-term incentive opportunity of USD$3,946,300. The 86,246 Performance Share Rights granted to Croker were calculated using a face value of $69.16 per share, based on the volume-weighted average price for the five trading days up to and including 30 September 2025.
The updated LTIP vesting conditions are split as follows: 40% tied to Relative Total Shareholder Return (TSR) measured against the S&P/ASX 100 Index, 40% to Relevant Earnings Per Share (EPS) growth, and 20% to a Sustainability Scorecard covering governance, ethics, and responsible gaming metrics, measured over a three-year performance period from 1 October 2025 to 30 September 2028.
Non-Executive Director Fee Pool Increase
Shareholders approved an increase to the Non-Executive Directors’ aggregate fee pool from $4,000,000 to $4,750,000 per financial year. The increase was sought to support the company’s ability to compete for board talent globally—particularly U.S.-based directors—and to accommodate currency fluctuations given that fees for U.S.-based directors are set in U.S. dollars.
About Aristocrat Leisure Limited
Aristocrat Leisure Limited (ASX: ALL) is a global entertainment and gaming content creation company powered by technology. Its reporting segments span regulated land-based gaming (Aristocrat Gaming), social casino (Product Madness), and regulated online real money gaming (Aristocrat Interactive). The company employs more than 7,400 people worldwide and offers products including electronic gaming machines, casino management systems, online real money games including iLottery, and free-to-play mobile games.
Source: Aristocrat Leisure Limited
