Company: IXHL
Filing Date: 2025-10-27
Form Type: DEF 14A
Source: 0001213900-25-102654
Chunk: 24

Company: Incannex Healthcare Inc.
Filing Date: 2025-10-27
Form: DEF 14A
Chunk 24
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 annual base salary was US$230,000. Effective July 1, 2023, Mr. Latham’s annual base salary was increased to US$588,000. Effective July 1, 2024, Mr. Latham’s annual base salary was increased to US$666,790. Effective September 10, 2025, Mr. Latham’s annual base salary was increased to US$790,000. Mr. Latham is eligible to receive an annual target bonus at the discretion of our board of directors in an amount up to 50% of his base salary. For the fiscal year ended June 30, 2025, Mr. Latham received a cash bonus of US$297,689 in October 2024. In September 2025, Mr. Latham received a discretionary cash bonus of US$395,000. Mr. Latham’s employment agreement provides that the Company will pay superannuation payments under Australian law. The employment agreement also provides that Mr. Latham will receive US$30,000 per year as fees for his role as director. In June 2023, the board of directors increased Mr. Latham’s director fees to US$95,000 per year. Pursuant to the employment agreement, Mr. Latham was also entitled to a vehicle allowance of up to approximately US$20,000 per year. On September 10, 2025, the Board and Mr. Latham agreed the vehicle allowance would no longer apply. Joseph Swan We entered into an employment agreement with Mr. Swan on February 27, 2024. Under the terms of his employment contract, Mr. Swan was entitled to an annual base salary of approximately US$133,148. On September 28, 2025, the Board increased Mr. Swan’s annual base salary to approximately US$180,780. Mr. Swan will also be eligible to receive an annual target bonus of up to 20% of his fixed salary, payable in cash, if certain short-term targets are met and up to a total value of approximately US$129,900 of shares of the Company’s common stock if certain long-term targets are met. In July 2024, Mr. Swan received a cash bonus of US$26,873. In September 2025, Mr. Swan received a cash bonus of US$30,130. On May 6, 2024, Mr. Swan was granted RSUs representing the contingent right to receive up to 50,793