3 questions lodged at 2025 Lindsay Australia hybrid AGM
November 8, 2025
Below is the text of the 3 written questions submitted at the 35 minute Lindsay Australia (LAU) 11am Brisbane time hybrid AGM via the Computershare platform on November 7, 2025. Market cap $230m after a poor year. See notice of meeting and voting results with biggest protest 11% against director Robert Green. The proxies were not disclosed early in the formal addresses. There were no floor questions and 1 other shareholder lobbed an online question at the end. Attended last year - see 7 questions lodged, most of which were butchered. It was better this year after a stern "read them in full" message was sent through the Computershare meeting platform at the start.
Q1. How many full time equivalent staff do we currently have and is this likely to fall over the coming 12 months with the rapid roll out of AI? Which parts of our business and operations are the most prospective for AI productivity gains and how energetically are we embracing those opportunities?
Answer: It doesn't sound like they are very advanced in pursuing AI productivity gains. Watch video of exchange via Twitter.
Q2. Could new directors Rodney Boys and Robert Miller, along with the chair, comment on the recruitment process that led to these two new appointments to the board. Was a head hunter involved, did the full board interview any other candidates and did Rod or Rob know any of our directors or executives before engaging with the recruitment process?
Answer: The chair Ian Williams admitted to being directly introduced to Rodney Boys, a former CFO at Australia Post, and hiring him without the assistance of a recruitment firm. Robert Miller joined the board when his company, SRT, merged with Lindsay Australia after last year's AGM and undoubtedly delivers lots of operational transport experience. Watch video of exchange via Twitter.
Q3. At last year's AGM there were only 253 proxy votes lodged representing just 12.93% of issued capital. This year it has increased to 351 proxy votes representing 28.44% of issued capital which is still lower than most companies. Did you change the communication strategy to encourage more shareholders to vote and have there been any material protest votes today? Are we covered by any of the proxy advisers?
Answer: The slightly grumpy question wrangler said there had been no protest votes and they aren't covered by proxy advisers although the chair said they'd like to be big enough to attract their attention down the track. Strangely, chair Ian Williams claimed that the share register had turned over by 50% since the new CEO Clay McDonald was appointed two years earlier. How would he know that and why would that be linked to a CEO change? Watch video of exchange via Twitter.
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