Summary of debate at 2025 Myer hybrid AGM
December 15, 2025
Below is a summary of the key exchanges at the Myer hybrid AGM held in Sydney on December 11, 2025 and via the MUFG platform. See notice of meeting and voting results. Market cap was $735m on AGM day. The proxies were disclosed early in the formal addresses with the biggest protest 17.2% against lead independent director Gary Weiss.
Q1. Asked if Lew family related party transactions with the expanded Myer Group were running at $25-$50m on an annualised basis, exec chair Olivia Wirth had nothing useful to say. How can a 29% shareholder who has hand picked this 4 person board not have his material RPTs disclosed?
Answer: The chair... Watch video of exchange via Twitter.
Q2. Reckon Olivia Wirth might put herself up for election next year after this exchange at the Myer AGM today. She shouldn't be using the MD exemption from election when presiding as executive chair, especially given the poor performance thus far.
Answer: The chair... Watch video of exchange via Twitter.
Q3.
Answer: The chair... Watch video of exchange via Twitter.
Q4. Was given 2 minutes for a campaign speech at today's Myer AGM so just read out the platform which they censored and refused to publish in the notice of meeting and send to the 40,000 shareholders.
Answer: The chair... Watch video of exchange via Twitter.
After ticking off David Kingston for going beyond 2 minutes with his opening contribution at the Myer AGM, Olivia Wirth went for about 3 minutes responding to his question defending the $800m+ Premier Retail acquisition. Here's part of it. Interesting stuff.
Answer: The chair... Watch video of exchange via Twitter.
Watch Myer executive chair Olivia Wirth attempt to shut down gun shareholder activist David Kingston just two minutes into his opening contribution at Thursday's AGM. It didn't work as he pushed back firmly, citing the Corporations Act.
Answer: The chair... Watch video of exchange via Twitter.
Asked PwC partner Brad Peak if he could make related party transactions (mainly with Sol Lew) a key audit matter in next year's Myer annual report. Exec chair Olivia Wirth commendably passed this 1 straight through to Brad, who was deputising for the PwC audit signing partner.
Answer: The chair... Watch video of exchange via Twitter.
It was Clayton Utz which gave Myer the legal advice saying $20m+ in annualised related party transactions with largest shareholder Solomon Lew did not need to be disclosed in 2024-25. It will be public next year once Solly joins the Myer board in April 2026.
Answer: The chair... Watch video of exchange via Twitter.
Opening question at the Myer AGM: “are we currently renting any properties off the Lew family?” Just the old Premier Retail head office, according to executive chair Olivia Wirth.
Answer: The chair... Watch video of exchange via Twitter.
Answer: The chair... Watch video of exchange via Twitter.
Answer: The chair... Watch video of exchange via Twitter.
Answer: The chair... Watch video of exchange via Twitter.
Answer: The chair... Watch video of exchange via Twitter.
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