A further bit of information from IAS annual reports is the remuneration package that Managing Director of IAS, Mark Read has received since 2004. Prior to 2004 named individual director's remunerations, as such, do not appear to be disclosed. In the prospectus for the IPO in June 1999 ( on page 109 of 111 pages ) Mr Read , under a Contract of Employment, was to receive a base salary of $300,000 increasing to $400,000 in July 1999 plus super + a fully maintained company vehicle + reimbursement of all out of pocket expenses including telephone.
The total remunerations below were made up of salary, superannuation, incentives and non cash benefits. Any dividends received are not shown.
FYE 30.6.2004 = $ 749,000 ( rounded down to lowest $1000 )
FYE 30.6.2005 = $ 574,000 ( ditto )
FYE 30.6.2006 = $ 576,000 ( ditto )
FYE 30.6.2007 = $ 576,000 ( ditto )
FYE 30.6.2008 = $ 576,000 ( ditto )
Not too bad in view of company's performance over past few years.