2 questions lodged at 2026 Brainchip (BRN) hybrid AGM
May 8, 2026
Below is the text of the 2 written questions submitted at the Brainchip Holdings (BRN) 11am hybrid in Sydney and via the Lumi platform on May 6, 2026. See notice of meeting. Market cap $364m on AGM day. See text of 5 questions asked in 2025 and 6 questions asked at the 2024 AGM. There have been big protest votes every year. The proxies were not disclosed early in the formal addresses. There were big protest votes including a second strike and 21% support for the spill.
Q1. How much money have we saved by moving from Big Four firm Ernst & Young as our external auditor to the second tier firm Mann Judd? With a market cap of $364m, should we go back to having a Big Four audit firm and when are we next likely to run a competitive tender for the external audit? Also, given that we've reported $US218m in accumulated losses and only have net assets of $US30.7m, shouldn't we be capitalising more of our expenses?
Q2. We've had multiple big protest votes against various remuneration items in recent years. Has this been repeated today and which proxy advisers covered this AGM. Did any recommend a vote against any of the remuneration items and, if so, what concerns did they have? Finally, please disclose the proxies earlier next year along with the formal addresses to allow for a more fully informed AGM debate.
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