3 questions lodged at 2026 Gentrack (GTK) hybrid AGM
February 25, 2026
Below is the text of the 3 written questions submitted at the Gentrack (GTK) 10am virtual NZ time held via the Link platform on February 25, 2026. See notice of meeting. Market cap $711m on AGM day after a poor year due to AI fears. See package on 4 questions asked at 39 minute meeting in 2025 when the market cap was $1.12 billion. The proxies were disclosed early with the formal addresses with 8% against the re-election of one director and nearly 40% against the CEO's incentive grant.
Q1. At last year's AGM I asked you to rise above the backward governance rules in New Zealand and voluntarily put up a remuneration report for the vote at today's AGM. London-based chair Andy Green promised to look into it but you've obviously decided against such a move, even though fellow NZ companies Xero and Fletcher Building both do this. Will you see the light if the alternative is an external candidate nominating for the board at next year's AGM on a platform of introducing a non-binding remuneration report vote, something UK, US and Australian investors now regard as bog standard governance?
Answer: The chair Andy Green... Watch video of exchange via Twitter.
Q2. John Scott's profile picture on Linkedin has him surfing an enormous wave. Given that fears about software companies like ours getting dumped by the enormous global AI wave, after a few weeks on the board, what is his view about how serious the AI threat is to our business? Are we about to get wiped out and how does our newest director think we should navigate these current treacherous conditions?
Answer: The chair Andy Green... Watch video of exchange via Twitter.
Q3. It is unusual to get a vote on the CEO's incentive grant at a NZ AGM whereas this is common-place in Australia. Why did this have to come to the vote and could the CEO summarise his past LTI grants as to whether they have vested or lapsed. Also, has he ever sold any ordinary shares in the company or bought any on market without relying on an incentive scheme to build his equity position in the company? Please don't say look it up in the annual report and through ASX announcements. It's complicated and the CEO could factually summarise the situation in 60 seconds.
Answer: The chair Andy Green... Watch video of exchange via Twitter.
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