Intelligent Bio Solutions Inc.

07/24/2024 | Press release | Distributed by Public on 07/24/2024 15:01

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;

On July 23, 2024, subsequent to the recommendation and approval of the Compensation Committee of the Board of Directors (the "Board") of Intelligent Bio Solutions Inc. (the "Company"), the Board approved increasing the annual base salary for Harry Simeonidis, the Company's Chief Executive Officer, from USD$270,600 to USD$369,600, and increasing the annual base salary for Spiro Sakiris, the Company's Chief Financial Officer, from USD$237,600 to USD$270,600, effective April 1, 2024. The salaries of Messrs. Simeonidis and Sakiris are paid in Australian dollars and have been converted using an exchange rate of 1 Australian dollar to 0.66 United States dollars (USD).