Sonos Management

Management criteria checks 3/4

Sonos' CEO is Patrick Spence, appointed in Jul 2016, has a tenure of 7.75 years. total yearly compensation is $5.19M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.82% of the company’s shares, worth €16.01M. The average tenure of the management team and the board of directors is 3.4 years and 7 years respectively.

Key information

Patrick Spence

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage	10.6%
CEO tenure	7.8yrs
CEO ownership	0.8%
Management average tenure	3.4yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Spence's remuneration changed compared to Sonos's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 30 2023	n/a	n/a	-US$5m
Sep 30 2023	US$5m	US$550k	-US$10m
Jul 01 2023	n/a	n/a	-US$43m
Apr 01 2023	n/a	n/a	-US$20m
Dec 31 2022	n/a	n/a	US$19m
Oct 01 2022	US$8m	US$550k	US$67m
Jul 02 2022	n/a	n/a	US$123m
Apr 02 2022	n/a	n/a	US$141m
Jan 01 2022	n/a	n/a	US$150m
Oct 02 2021	US$5m	US$523k	US$159m
Jul 03 2021	n/a	n/a	US$186m
Apr 03 2021	n/a	n/a	US$111m
Jan 02 2021	n/a	n/a	US$41m
Oct 03 2020	US$3m	US$528k	-US$20m
Jun 27 2020	n/a	n/a	-US$68m
Mar 28 2020	n/a	n/a	-US$25m
Dec 28 2019	n/a	n/a	US$4m
Sep 28 2019	US$12m	US$550k	-US$5m
Jun 29 2019	n/a	n/a	US$23m
Mar 30 2019	n/a	n/a	US$10m
Dec 29 2018	n/a	n/a	US$10m
Sep 29 2018	US$2m	US$350k	-US$16m
Jun 30 2018	n/a	n/a	-US$28m
Mar 31 2018	n/a	n/a	-US$16m
Dec 30 2017	n/a	n/a	-US$3m
Sep 30 2017	US$418k	US$350k	-US$14m

Compensation vs Market: Patrick's total compensation ($USD5.19M) is above average for companies of similar size in the Austrian market ($USD2.54M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.

CEO

Patrick Spence (48 yo)

7.8yrs

Tenure

US$5,190,714

Compensation

Mr. Patrick Spence serves as an Independent Director at Snap Inc. since September 14, 2023. He has been Chief Executive Officer and Director at Sonos, Inc. since January 2017 and has been its President sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Spence	CEO, President & Director	7.8yrs	US$5.19m	0.82% $ 16.0m
Edward Lazarus	Chief Strategy Officer	5.3yrs	US$707.10k	0.21% $ 4.1m
Shamayne Braman	Chief People Officer	1.6yrs	US$1.20m	0.016% $ 318.9k
Nicholas Millington	Chief Innovation Officer	14.2yrs	US$1.62m	0.29% $ 5.7m
Deirdre Findlay	Chief Commercial Officer	less than a year	US$273.02k	0.015% $ 287.0k
Maxime Bouvat-Merlin	Chief Product Officer	less than a year	US$2.34m	0.040% $ 780.3k
Thomas Cullen	Co-Founder and VP of Sales & Marketing	no data	no data	no data
Saori Casey	Chief Financial Officer	less than a year	no data	no data
Christopher Mason	Senior VP	9.9yrs	no data	0.096% $ 1.9m
Michael Groeninger	Vice President of Corporate Finance	9.1yrs	no data	no data
Cammeron McLaughlin	VP of Investor Relations	no data	no data	no data
Dunja LaRosa	Chief Revenue Officer	less than a year	no data	no data

3.4yrs

Average Tenure

48.5yo

Average Age

Experienced Management: SONO's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Spence	CEO, President & Director	7.3yrs	US$5.19m	0.82% $ 16.0m
Julius Genachowski	Independent Chairperson	10.6yrs	US$314.05k	0.032% $ 630.4k
Michelangelo Volpi	Independent Director	14.1yrs	no data	0.043% $ 851.1k
Thomas Conrad	Independent Director	7.1yrs	US$273.02k	0.016% $ 313.8k
Bracken Darrell	Director	less than a year	no data	0.00077% $ 15.1k
Joanna Coles	Independent Director	4.2yrs	US$263.02k	0.011% $ 205.8k
Karen Boone	Independent Director	6.8yrs	US$283.02k	0.016% $ 313.8k
Jonathan Mildenhall	Independent Director	less than a year	no data	0.0012% $ 23.1k

7.0yrs

Average Tenure

56yo

Average Age

Experienced Board: SONO's board of directors are considered experienced (7 years average tenure).

Sonos Management

Management criteria checks 3/4

Key information

Recent management updates

Sonos, Inc. Appoints Bracken Darrell to the Board of Directors

Sonos, Inc., Annual General Meeting, Mar 11, 2024

Sonos, Inc. Appoints Jonathan Mildenhall to Board of Directors

Sonos, Inc. Appoints Eddie Lazarus as Chief Strategy Officer

Sonos, Inc. Announces Management Changes

Insufficient new directors

Recent updates

Sonos Unveils Completely Reimagined Sonos App, Bringing Services, Content and System Controls to One Customizable Home Screen

Sonos, Inc. to Report Q2, 2024 Results on May 07, 2024

Sonos, Inc. Appoints Bracken Darrell to the Board of Directors

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.59 in 1Q 2023)

Sonos, Inc. Provides Earnings Guidance for the Fiscal Year 2024

Sonos, Inc., Annual General Meeting, Mar 11, 2024

Sonos, Inc. Appoints Jonathan Mildenhall to Board of Directors

Sonos Unveils 8'' In-Ceiling Speaker with Bold New Sound and Stunning Performance

Sonos, Inc. to Report Q1, 2024 Results on Feb 06, 2024

Sonos, Inc. Appoints Eddie Lazarus as Chief Strategy Officer

Full year 2023 earnings released: US$0.08 loss per share (vs US$0.53 profit in FY 2022)

Sonos, Inc. Provides Earnings Guidance for the Year 2024

New minor risk - Share price stability

Sonos, Inc. to Report Q4, 2023 Results on Nov 15, 2023

Sonos, Inc. Announces Management Changes

Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound

Sonos, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: US$0.18 loss per share (vs US$0.005 loss in 3Q 2022)

Sonos, Inc. to Report Q3, 2023 Results on Aug 09, 2023

Sonos, Inc. Revises Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: US$0.24 loss per share (vs US$0.067 profit in 2Q 2022)

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.59 (vs US$0.97 in 1Q 2022)

Sonos, Inc. Provides Revenue Guidance for the Fiscal Year 2023

Sonos, Inc., Annual General Meeting, Mar 09, 2023

Sonos, Inc. to Report Q1, 2023 Results on Feb 08, 2023

Sonos Voice Control Is Now Available in France

Full year 2022 earnings released: EPS: US$0.53 (vs US$1.30 in FY 2021)

Sonos, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Sonos, Inc. to Report Q4, 2022 Results on Nov 16, 2022

Sonos Announces Sonos Sub Mini, the Wireless Subwoofer That Sets New Standard in Its Category for Powerful, Balanced Bass

Sonos, Inc. Appoints Chris Mason as Senior Vice President and Principal Accounting Officer

Third quarter 2022 earnings released: US$0.005 loss per share (vs US$0.14 profit in 3Q 2021)

Sonos, Inc. Revises Earnings Guidance for the Year 2022

Sonos, Inc. to Report Q3, 2022 Results on Aug 10, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.067 (vs US$0.14 in 2Q 2021)

Sonos Announces New Speakers That Expand Its Home Theater and Portable Line-Ups, Offering Listeners More Ways to Easily Connect with the Content They Love

Sonos, Inc. to Report Q2, 2022 Results on May 11, 2022

Sonos, Inc. (NasdaqGS:SONO) acquired Mayht Holding BV for $100 million.

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Sonos, Inc. Provides Earnings Guidance for the Year 2022

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Sonos Unveils Next Generation Beam with Support for Dolby Atmos and New Audio Formats

Third quarter 2021 earnings released: EPS US$0.14 (vs US$0.52 loss in 3Q 2020)

Sonos, Inc. Increases Earnings Guidance for the Fiscal Year 2021

Brian Eno Premieres Three Hundred Tracks on the Lighthouse

Second quarter 2021 earnings released: EPS US$0.14 (vs US$0.48 loss in 2Q 2020)

Sonos, Inc. Revises Earnings Guidance for the Full Year of 2021

Sonos Introduces Sonos Roam

Independent Chairperson recently bought €1.7m worth of stock

New 90-day high: €30.76

First quarter 2021 earnings released: EPS US$1.14 (vs US$0.65 in 1Q 2020)

Revenue beats expectations

Sonos, Inc. Raises Earnings Guidance for the 2021

New 90-day high: €24.24

Sonos, Inc., Annual General Meeting, Mar 11, 2021

Sonos, Inc. to Report Q1, 2021 Results on Feb 10, 2021

Sonos Unveils Exclusive New Artist Stations and Music Shows for Sonos Radio and Sonos Radio HD

New 90-day high: €21.76

Sonos and Legrand Sign Multi-Year Licensing Deal

Sonos Announces Retirement of Two Board Members

New 90-day high: €18.93

Full year 2020 earnings released: US$0.18 loss per share

Revenue beats expectations

Full year 2020 earnings released: US$0.18 loss per share