Seven West Media reports first strike on remuneration, director retires

Seven West Media Limited (ASX: SWM) held its annual general meeting on Thursday, November 6, 2025, where all resolutions were decided by a poll. Ms Teresa Dyson and Mr Michael Ziegelaar were re-elected as directors. The remuneration report was adopted, but with more than 25% of votes cast against it, this constitutes a first strike for the purposes of the Corporations Act 2001 (Cth).

Shareholders also approved the grant of 8,486,082 performance rights to managing director and chief executive officer, Mr Jeffrey Howard, under the company's FY26 Long Term Incentive Plan. These rights, with a FY26 LTI grant value of $1,250,000, are subject to performance hurdles over a three-year period (July 1, 2025, to June 30, 2028).

Colette Garnsey OAM retired as a director at the end of the meeting. Ms Garnsey held 75,222 restricted ordinary shares directly and 425,000 ordinary shares via Sandon Super Pty Limited ATF Sandon Superannuation Fund, an entity she controls.