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Annual General Meeting
NOTICE OF ANNUAL GENERAL MEETING HORIZON CREDIT UNION LTD
ABN 66 087 650 173
Notice is hereby given that the Annual General Meeting (AGM) of Horizon Credit Union Ltd ABN 66 087 650 173 trading as Horizon Bank, will be held on Thursday, 7th November 2024, 5.30pm at 27 Stewart St, Wollongong.
Agenda
By Order of the Board
Jon Stanfield, Secretary
REGISTRATION & VOTING: Resolutions 1 to 3 to be considered at the AGM are ordinary resolutions and accordingly require approval by a simple majority of Members present at the meeting and entitled to vote on the resolution by show of hands or on a poll.
PROXY: Each member is entitled to appoint a proxy. Your proxy does not have to be a Horizon member. If you would like a form to appoint a proxy, please contact Horizon. For the appointment to be valid, the Proxy Appointment Form must be received by Horizon Credit Union Ltd trading as Horizon Bank no later than 5.00pm on, 4 November 2024.
RSVP: by 4th November 2024 by any of the contact methods listed below. Please arrive at the meeting by 5.20pm for registration.
CONSTITUTION: A copy of the credit union’s current Constitution is available by request during business hours from the Registered Office at 27 Stewart St, Wollongong.
ANNUAL FINANCIAL REPORTS: Copies of the annual financial reports are available below and from any Horizon branch. If you are attending the AGM, you will receive a copy of the annual financial report.
QUESTIONS & COMMENTS BY MEMBERS: In accordance with the Corporations Act, a reasonable opportunity will be given to members to ask questions about, and to comment on, the management of Horizon at the meeting. Members will also be given a reasonable opportunity to ask the auditor or the auditor’s representative, when present, questions relevant to the conduct of the audit and the preparation and content of the Auditor’s Report.
CONTACT OPTIONS: Email: chat@horizonbank.com.au Phone: (02) 4224 7727
HORIZON CREDIT UNION ANNUAL GENERAL MEETING
EXPLANATORY MEMORANDUM
There are three resolutions for consideration by members:
Resolutions 1 & 2: Election & appointment of Directors
Rule 13.6 of the Constitution requires an Elected Director to periodically retire following which, eligible candidates are able to offer themselves for re-election. Mr Nick Scavarelli, being an Elected Director will retire in accordance with rule 13.6 of the Constitution and is eligible for re-election under rule 13.2 of the Constitution. Mr Matthew Swain was appointed to the Board on 30th August 2024 under Section 13.5 (Appointment by Board – Casual Vacancies) of Horizon’s Constitution. The term of this appointment is until the 2024 AGM.
Nominations of candidates for the Horizon Credit Union Board of Directors closed on 29th August 2024. Horizon received nominations from Mr Nick Scavarelli and Mr Matthew Swain, both of which have been assessed and determined as eligible to serve as directors under Horizon’s Constitution.
Resolution 1: “That Mr Nick Scavarelli be elected as a Director of Horizon Credit Union for a term commencing at the end of the 2024 AGM and concluding at the end of the 2027 AGM.”
Resolution 2: “That Mr Matthew Swain be elected as a Director of Horizon Credit Union for a term commencing at the end of the 2024 AGM and concluding at the end of the 2027 AGM.”
Resolution 3: Remuneration of Directors
The Horizon Credit Union Ltd Board has proposed an amount of $243,122 for the aggregated amount of remuneration payable to Directors for the 12 month period following the 2024 AGM.
Resolution 3: “That Directors’ remuneration be set at a maximum of $243,122 for the 12 month period commencing at the conclusion of the 2024 AGM, to be apportioned amongst the Directors at the discretion of the Board.”
If you are a Horizon member you may choose to receive notice of member meetings. Click here to complete the Option to Receive Notice of Future Member Meetings form.
Qualifications & Affiliations:
- Master of Business Administration with Distinction
- Bachelor of Commerce (Dean's Scholar) with Distinction - Majors in Accountancy and Finance
- Bachelor of Commerce (Honours) Class 1 with University Medallist
- Fellow Certified Practicing Accountant
- Graduate of Australia Institute of Company Directors
- Director since 2016
Qualifications & Affiliations:
- Graduate of Australian Institute of Company Directors
- Bachelor of Commerce (With Merit)
- Fellow Chartered Accountant (Retired)
- Registered Company Auditor (Retired)
- Director since 2013
Qualifications & Affiliations:
- Bachelor of Commerce
- Bachelor of Law
- Director since 2023
Qualifications & Affiliations:
- Bachelor of Science (UOW)
- Bachelor of Laws (UNE)
- Graduate Diploma in Legal Practice (College of Law)
- Director since 2022
Qualifications & Affiliations:
- Bachelor of Business (with Merit)
- Graduate of Australian Institute of Company Directors
- Diploma of Management
- ANZIIF (Fellow) CIP
- Certified Practicing Risk Manager
- Member Institute for Strategy, Innovation & Leadership
- Director since 2014
Qualifications & Affiliations
- Bachelor of Commerce (Economics/Management)
- Member World Steel Association Economics Committee
- Member South East Asian Iron & Steel Association Economics Committee
- Member of Australian Institute of Company Directors
- Director since 2020
Qualifications & Affiliations:
- CPA from CPA Australia
- Bachelor of Accounting
- Master of Business Administration
- Diploma of Applied Science
- Director since 2024
