Iren
IREN's November 19, 2025 meeting votes on constitution changes, an incentive plan and buybacks
Annual meeting Nov 19, 2025Filed Oct 6, 2025Original
A proxy statement (DEF 14A) is what a US listed company sends holders before its annual meeting: the proposals, the board's position on each, and the officers' pay.
What does Iren put to the vote?
Annual meeting agenda · 10 proposals
- 1Constitution amendment aligning quorum with Nasdaq rulesCharterBoard: for
- 2Constitution amendment for director elections at each annual general meetingCharterBoard: for
- 3Constitution amendment adding a forum selection provisionCharterBoard: for
- 4Constitution amendment updating advance notice provisions for universal proxiesCharterBoard: for
- 5Constitution amendments implementing miscellaneous changesCharterBoard: for
- 6Approval of the 2025 Omnibus Incentive PlanStock planBoard: for
- 7Approval of share repurchase under the Prepaid Forward TransactionsOtherBoard: for
- 8Approval of share repurchase under the Capped Call TransactionsOtherBoard: for
- 9Advisory vote on executive compensation (say-on-pay)Executive payBoard: for
- 10Advisory vote on the frequency of future pay votes; the board supports every yearPay vote frequencyBoard: see the original
Filed Oct 6, 2025Whalegun
What the statement says
- Constitution amendments are on the ballot and the board supports all of them.
- The second amendment would elect directors other than Founder Directors at each annual general meeting.
- The 2025 Omnibus Incentive Plan and the share repurchase approvals are also up for a vote, with board support.
- On pay vote frequency, the board backs every year.
Vote results
Results the company reported on Nov 24, 2025Pay and what holders earned
Total pay is the summary compensation table's total; compensation actually paid adds the change in value of the awards over the year, so it moves with the share price.
| Fiscal year | Chief executive | Total pay | Actually paid | Other officers' average | Value of $100 | Peer group | Net income |
|---|---|---|---|---|---|---|---|
| Jun 30, 2025 | Mr. Daniel RobertsMr. William Roberts | $72.6M$72.6M | $116.3M$116.3M | $2.3M | $435.00 | $270.00 | $87M |
| Jun 30, 2024 | Mr. Daniel RobertsMr. William Roberts | $6.7M$6.7M | $23.3M$23.3M | $921.6K | $337.00 | $297.00 | −$29M |
| Jun 30, 2023 | Mr. Daniel RobertsMr. William Roberts | $6.8M$6.8M | $8.2M$8.2M | $825.7K | $139.00 | $225.00 | −$172M |
The $100 is invested on Jul 1, 2022.
The company's own statement, put into Korean. The numbers are the statement's.