Dean Sparrow left the role of Director at Lesaka Technologies Inc, effective September 25, 2026. As of November 6, 2026, Lesaka Technologies Inc has reported 4 leadership change filings to the SEC under Item 5.02 of Form 8-K, from May 18, 2026 to September 29, 2026, naming 1 departure (Form 8-K, September 29, 2026).
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Key facts
- · In / out: Out · Person: Dean Sparrow · Role: Director · Effective: 2026-09-25 · 8-K, 2026-09-29
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-08-03
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-07-30
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-05-18
Lesaka Technologies Inc reported changes in 4 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-05-18 to 2026-09-29. They name 1 person. Every row below is cited to the filing it comes from, and this page adds each new change as Lesaka Technologies Inc files it.
Also on the record for Lesaka Technologies Inc
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| September 29, 2026 | Stake report, Schedule 13D/A, by International Finance Corporation ("IFC") | 3.85% of the class | 5%+ stakes | Source |
| July 31, 2026 | Stake report, Schedule 13G/A, by APIS GROWTH 13 Ltd | 2.1% of the class | 5%+ stakes | Source |
| June 17, 2026 | Stake report, Schedule 13D/A, by International Finance Corporation ("IFC") | 3.85% of the class | 5%+ stakes | Source |
| March 17, 2026 | Stake report, Schedule 13D/A, by International Finance Corporation ("IFC") | 3.94% of the class | 5%+ stakes | Source |
| February 6, 2026 | Stake report, Schedule 13G/A, by APIS GROWTH 13 Ltd | 5.7% of the class | 5%+ stakes | Source |
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-09-29 | Out | Director | 2026-09-25 | 8-K, 2026-09-29 | |
| 2026-08-03 | Reported | not named in the filing | 8-K, 2026-08-03 | ||
| 2026-07-30 | Reported | not named in the filing | 8-K, 2026-07-30 | ||
| 2026-05-18 | Reported | not named in the filing | 8-K, 2026-05-18 |
Who leads Lesaka Technologies Inc, as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Director: Dean Sparrow, departure reported, effective 2026-09-25 (filed 2026-09-29). No successor is named in these filings.
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Find candidates like Director at Lesaka Technologies IncEvery change, in the filing's words
Departing: Dean Sparrow, Director, effective 2026-09-25
Resignation of Mr. Dean Sparrow On September 23, 2026, Mr. Dean Sparrow notified the Board of Directors (the "Board") of Lesaka Technologies, Inc. (the "Company") of his resignation as a director of the Company and from all committees of the Board on which he serves, effective September 25, 2026.
- Mr. Sparrow's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
- Appointment of Ms. Carolina Lacerda and Mr. James Oates On September 28, 2026, the Board approved the appointment of Ms. Carolina Lacerda and Mr. James Oates to serve as directors of the Company, effective September 28, 2026, with each to serve until the Company's next annual meeting of shareholders and until her or his successor is duly elected and qualified, or until her or his earlier resignation or removal.
- Ms. Lacerda is expected to be appointed to the Company's Audit and Risk Committee and the Company's Capital Allocation Committee.
- The Board determined that Ms. Lacerda is independent under the applicable rules of The Nasdaq Stock Market LLC ("Nasdaq") and the Securities and Exchange Commission (the "SEC") and qualifies as an "audit committee financial expert" as defined by applicable SEC rules.
- Ms. Lacerda, age 54, is an experienced independent non-executive director who serves on the boards of listed companies in the United States, Brazil and China.
- Since January 2023, she has served as an independent director of PagSeguro Digital Ltd. (NYSE: PAGS), where she is the designated financial expert on the audit committee.
Reported
Termination of Employment No acceleration of vesting upon termination of employment, death or disability.
- Option award to Ali Mazanderani On August 3, 2026, at a special meeting of shareholders (the "Special Meeting") of Lesaka Technologies, Inc. (the "Company"), the shareholders of the Company approved the grant of a stock option ("Option Award") to Mr. Ali Mazanderani, the Company's Executive Chairman, pursuant to a stock option agreement, as further described in the Company's definitive proxy statement for the Special Meeting filed with the Securities and Exchange Commission on July 2, 2026 (the "2026 Proxy Statement").
- Below is an overview of the Option Award.
- Award Terms Details O ption Award 1,000,000 share options.
- Exercise Price 1,000,000 share options at an exercise price of US$5.00 per share.
- Exercise Date Mr. Mazanderani may only exercise the vested Option Award after April 1, 2029.
- Employment Requirement The Option Award will vest on April 1, 2028, subject to Mr. Mazanderani's continuous employment through this date.
- Change in Control No automatic acceleration of vesting upon a change in control of our company.
- Exercise Methods Exercise Methods: Cash: exercise price is paid in cash upon exercise of options.
- Offset: if acceptable to us, through an offset against amounts owed by us to Mr. Mazanderani.
- Tender of Stock: by tender to us of shares held by Mr. Mazanderani, including shares deliverable upon exercise of the Option Award.
Reported
Either party must provide the other party three months advance notice prior to terminating the employment agreement prior to June 30, 2029 in the absence of cause or a material breach.
- (e) Amendment to Existing Employment Agreement and New South African Employment Agreement for Mr. Mazanderani Lesaka Technologies, Inc. amended and restated employment agreement On December 4, 2023, Mr. Mazanderani and Lesaka Technologies, Inc. (the "Company") entered into an employment agreement for his services as Executive Chairman, which became effective on February 1, 2024.
- On July 30, 2026, Mr. Mazanderani and the Company amended and restated his employment agreement to extend the expiration date to June 30, 2029, with all other terms remaining unchanged.
- The Company and Mr. Mazanderani acknowledged that Mr. Mazanderani's commitment shall only be for fifty percent (50%) of full-time equivalence, as reasonably determined by the Board and that he is subject to certain restrictive covenants and compliance with Company policies.
- Mr. Mazanderani receives an annual base salary of $600,000.
- Mr. Mazanderani will not be eligible for a short-term cash incentive award, or any other bonus program implemented by the Company, during the term of his employment agreement.
- The employment agreement does not provide for any severance benefits.
Reported
The Company has approved the principal terms of a formal employment agreement (the "SA Employment Contract"), which is expected to become effective on July 1, 2026 and terminate on June 30, 2029.
- (e) Amendment to Existing Employment Agreement, New South African Employment Arrangement and Option Grant for Mr. Mazanderani On May 12, 2026, the Board of Directors (the "Board") of Lesaka Technologies, Inc. (the "Company") approved an amendment to the existing employment agreement with Mr. Ali Mazanderani, the Company's Executive Chairman, to extend the expiration date of such agreement from January 31, 2028 to June 30, 2029.
- Mr. Mazanderani will continue to receive a base salary of $600,000 per annum under this agreement and will remain ineligible for a short-term cash incentive award, or any other bonus program implemented by the Company, during the term of his employment agreement.
- Except as described above, the terms of Mr. Mazanderani's existing employment agreement remain unchanged.
- The Board also approved new employment terms between the Company's wholly owned subsidiary, Lesaka Technologies Proprietary Limited ("Lesaka SA"), and Mr. Mazanderani.
- Under these terms, Mr. Mazanderani will receive an annual base salary of ZAR 5,000,000 per annum, and Lesaka SA will be responsible for the costs of travel undertaken by Mr. Mazanderani for business purposes, up to a maximum amount of ZAR 4,000,000 per financial year.
- The SA Employment Contract will also include other customary terms and conditions for arrangements of this nature.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.