UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors |
Resignation of Menaka Athukorala.
On May 1, 2025, Mr. Menaka Athukorala tendered his notice of retirement and resignation from the Board of Directors of Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”), effective as of May 1, 2025. Mr. Athukorala’s resignation included resignation from the Audit Committee and as Chair of the Nominating and Corporate Governance Committee. Mr. Athukorala’s resignation was not the result of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company.
Election of Phaneesh Murthy.
At the recent 2025 Annual Meeting of the shareholders of the Company, Mr. Phaneesh Murthy was elected to the Board of Directors of the Company. The Board of Directors anticipates naming Mr. Murthy to serve on the following committees of the Board of Directors: (i) the Audit Committee and (ii) as Chair of the Nominating and Corporate Governance Committee.
Phaneesh Murthy brings nearly four decades of experience to the Company as an industry leader over his business career. Having successfully structured and managed large outsourcing deals for Fortune 500 companies, Phaneesh remains a vital asset to any business venture he pursues. Today, Mr. Murthy has been an active consultant for a strategy consulting firm he founded called Primentor, Inc., a consulting firm providing expertise in the areas of IT spending, business strategies, and restructuring. Aside from Primentor, Inc., Mr. Murthy further offers his expertise on the Advisory Board to the private equity fund, Partners Group and is an operating partner with New State Capital Partners LLC. Mr. Murthy contributes and focuses on areas of technology, business services, and BPO-related opportunities.
Mr. Murthy joined iGATE as its CEO in 2003 and was its CEO until 2013 where he restructured a loss making company to a highly profitable company and took revenues up from close to nothing to about $1.2 billion, putting iGATE on the map of global outsourcers. From 1995 to 2002 Phaneesh served as Worldwide Head of Sales and Marketing, Communications, and the Product Solutions Group of Infosys Ltd. As the Global Sales Head of Infosys Ltd, Mr. Murthy is widely credited for taking the organization from just $2 million in revenues to $700 million in under 10 years. Mr. Murthy received his Bachelor of Science from the Indian Institute of Technology in Chennai and followed that up with an MBA from the Indian Institute of Management in Ahmedabad.
Mr. Murthy will be eligible to receive compensation for his service on the Board of Directors consistent with that provided to all non-employee directors, as adjusted by the Board of Directors from time to time. There was no arrangement or understanding between Mr. Murthy and any other person with respect to his appointment to the Board of Directors. There have been no transactions, nor are there any currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Murthy, or any member of his immediate family, had, or will have, a direct or indirect material interest.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
| (a) | The Annual Meeting was held on April 30, 2025. |
| (b) | The results of the matters submitted to a shareholder vote at the Annual Meeting were as follows: |
1. Election of Directors: Our shareholders elected the following two (2) Class I directors to each serve a three-year term expiring on the date of our 2028 annual meeting of shareholders or until his successor has been duly chosen and qualified.
1A. Kevin Chen
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE | |||||||||||||||||||||||||
| Number | % | Number | % | Number | % | Number | % | |||||||||||||||||||||
| 13,691,389 | 58.953 | % | 0 | 0 | % | 4,234 | 0.018 | % | N/A | N/A | ||||||||||||||||||
1B. Phaneesh Murthy
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE | |||||||||||||||||||||||||
| Number | % | Number | % | Number | % | Number | % | |||||||||||||||||||||
| 13,562,760 | 58.40 | % | 0 | 0 | % | 132,863 | 0.572 | % | N/A | N/A | ||||||||||||||||||
2. To ratify the appointment of BDO Audit Pty Ltd. (“BDO”) as our independent registered public accounting firm for 2024.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE | |||||||||||||||||||||||||
| Number | % | Number | % | Number | % | Number | % | |||||||||||||||||||||
| 13,695,623 | 58.972 | % | 0 | 0 | % | 0 | 0 | % | N/A | N/A | ||||||||||||||||||
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Exhibit Description | |
| 104 | Cover Page Interactive Data File (embedded within the XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Australian Oilseeds Holdings Limited | ||
| Date: May 5, 2025 | By: | /s/ Gary Seaton |
| Name: | Gary Seaton | |
| Title: | Chief Executive Officer | |