Acrow Management

Management criteria checks 3/4

Acrow's CEO is Steven Boland, appointed in Mar 2018, has a tenure of 6.67 years. total yearly compensation is A$1.55M, comprised of 39% salary and 61% bonuses, including company stock and options. directly owns 2% of the company’s shares, worth A$6.64M. The average tenure of the management team and the board of directors is 3.3 years and 5.2 years respectively.

Key information

Steven Boland

Chief executive officer

AU$1.6m

Total compensation

CEO salary percentage	39.0%
CEO tenure	6.7yrs
CEO ownership	2.0%
Management average tenure	3.3yrs
Board average tenure	5.2yrs

Recent management updates

Increases to Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Might Cool off for now

Nov 08

Recent updates

Acrow (ASX:ACF) Has A Pretty Healthy Balance Sheet

Oct 01

Increases to Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Might Cool off for now

Nov 08

It Looks Like Shareholders Would Probably Approve Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Package

Nov 08

Here's Why Acrow Formwork and Construction Services (ASX:ACF) Has Caught The Eye Of Investors

Aug 26

CEO Compensation Analysis

How has Steven Boland's remuneration changed compared to Acrow's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$605k	AU$25m
Dec 31 2023	n/a	n/a	AU$25m
Sep 30 2023	n/a	n/a	AU$24m
Jun 30 2023	AU$2m	AU$530k	AU$23m
Mar 31 2023	n/a	n/a	AU$21m
Dec 31 2022	n/a	n/a	AU$19m
Sep 30 2022	n/a	n/a	AU$17m
Jun 30 2022	AU$987k	AU$530k	AU$16m
Mar 31 2022	n/a	n/a	AU$13m
Dec 31 2021	n/a	n/a	AU$9m
Sep 30 2021	n/a	n/a	AU$7m
Jun 30 2021	AU$2m	AU$530k	AU$4m
Mar 31 2021	n/a	n/a	AU$4m
Dec 31 2020	n/a	n/a	AU$4m
Sep 30 2020	n/a	n/a	AU$4m
Jun 30 2020	AU$907k	AU$505k	AU$3m
Mar 31 2020	n/a	n/a	AU$2m
Dec 31 2019	n/a	n/a	AU$2m
Sep 30 2019	n/a	n/a	AU$3m
Jun 30 2019	AU$887k	AU$480k	AU$5m
Mar 31 2019	n/a	n/a	AU$10m
Dec 31 2018	n/a	n/a	AU$14m
Sep 30 2018	n/a	n/a	AU$12m
Jun 30 2018	AU$667k	AU$120k	AU$11m

Compensation vs Market: Steven's total compensation ($USD1.01M) is above average for companies of similar size in the Australian market ($USD688.70K).

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

CEO

Steven Boland

6.7yrs

Tenure

AU$1,550,110

Compensation

Mr. Steven Boland has been the Chief Executive Officer and Executive Director of Acrow Formwork and Construction Services Limited (formerly NMG Corporation Limited) since March 27, 2018 and serves as its M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Boland	CEO, MD & Executive Director	6.7yrs	AU$1.55m	2% A$ 6.6m
Andrew Crowther	Group Chief Financial Officer	5.3yrs	AU$655.74k	0.33% A$ 1.1m
Matthew Caporella	Chief Operating Officer	no data	no data	0% A$ 0
Jeffery Stewart	General Manager of Sales & Marketing	no data	no data	no data
Robert Parovel	Head of People & Culture	no data	no data	no data
Carl Roetger	National Head of Procurement	no data	no data	no data
Lee Tamplin	Company Secretary	less than a year	no data	no data
Max Crowley	Joint Company Secretary	1.2yrs	no data	no data

3.3yrs

Average Tenure

Experienced Management: ACF's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Boland	CEO, MD & Executive Director	6.7yrs	AU$1.55m	2% A$ 6.6m
Melanie Allibon	Independent Non-Executive Director	3.2yrs	AU$100.00k	0.066% A$ 218.0k
Peter Lancken	Independent Non-Executive Chairman	6.7yrs	AU$147.67k	4.07% A$ 13.5m
Michael Pollak	Member of Advisory Committee	no data	no data	no data
Quentin Olde	Member of Advisory Committee	no data	no data	no data
David Moffat	Independent Non-Executive Director	5.2yrs	AU$88.33k	0.14% A$ 480.9k
Laurie Lefcourt	Independent Non-Executive Director	3.1yrs	AU$100.00k	0.0033% A$ 10.9k

5.2yrs

Average Tenure

Experienced Board: ACF's board of directors are considered experienced (5.2 years average tenure).

Acrow Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Acrow Limited, Annual General Meeting, Nov 12, 2024

Acrow Limited Announces Company Secretary Changes

CEO, MD & Executive Director recently bought AU$55k worth of stock

CEO, MD & Executive Director recently bought AU$91k worth of stock

Increases to Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Might Cool off for now

Recent updates

Insufficient new directors

Upcoming dividend of AU$0.03 per share

Acrow Limited, Annual General Meeting, Nov 12, 2024

Acrow (ASX:ACF) Has A Pretty Healthy Balance Sheet

Full year 2024 earnings: EPS and revenues miss analyst expectations

Acrow Limited Announces Company Secretary Changes

Consensus EPS estimates fall by 12%

New minor risk - Earnings quality

Final dividend increased to AU$0.03

Full year 2024 earnings: EPS and revenues miss analyst expectations

Acrow Limited Declares 100% Franked Dividend for the Period Ended 30 June 2024, Payable on 29 November 2024

Acrow Limited to Report Fiscal Year 2024 Results on Aug 22, 2024

CEO, MD & Executive Director recently bought AU$55k worth of stock

Now 21% overvalued

Now 23% overvalued after recent price rise

Upcoming dividend of AU$0.029 per share

CEO, MD & Executive Director recently bought AU$91k worth of stock

Now 21% overvalued after recent price rise

First half dividend of AU$0.029 announced

First half 2024 earnings released: EPS: AU$0.044 (vs AU$0.041 in 1H 2023)

Price target increased by 7.4% to AU$1.31

Now 22% overvalued after recent price rise

Acrow Limited to Report First Half, 2024 Results on Feb 21, 2024

Acrow Formwork and Construction Services Limited Declares Dividend for the Six Month Ending June 30, 2023, Payable on November 30, 2023

Consensus revenue estimates increase by 10%, EPS downgraded

Increases to Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Might Cool off for now

Acrow Formwork and Construction Services Limited (ASX:ACF) entered into a Share Purchase Agreement to acquire MI Scaffold Pty Ltd for AUD 36.3 million.

Acrow Formwork and Construction Services Limited has completed a Follow-on Equity Offering in the amount of AUD 15 million.

Acrow Formwork and Construction Services Limited has filed a Follow-on Equity Offering in the amount of AUD 15 million.

Upcoming dividend of AU$0.027 per share at 6.1% yield

Acrow Formwork and Construction Services Limited Announces Company Secretary Changes

Acrow Formwork and Construction Services Limited, Annual General Meeting, Nov 15, 2023

Consensus EPS estimates fall by 11%

New major risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Acrow Formwork and Construction Services Limited to Report Fiscal Year 2023 Results on Aug 15, 2023

CEO, MD & Executive Director recently bought AU$145k worth of stock

Price target increased by 8.3% to AU$1.11

Acrow Formwork and Construction Services Limited (ASX:ACF) agreed to acquire Ishebeck Formwork Panel System assets from HEINRICH Plant hire Pty Ltd for AUD 12 million

Acrow Formwork and Construction Services Limited Announces Distribution for the Period of Six Months Ended December 31, 2022, Payable on May 31, 2023

Independent Non-Executive Chairman recently bought AU$100k worth of stock

Upcoming dividend of AU$0.017 per share at 4.3% yield

Price target increased by 8.8% to AU$0.95

First half 2023 earnings released: EPS: AU$0.041 (vs AU$0.03 in 1H 2022)

Acrow Formwork and Construction Services Limited to Report First Half, 2023 Results on Feb 23, 2023

Acrow Formwork and Construction Services Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on November 30, 2022

Less than half of directors are independent

It Looks Like Shareholders Would Probably Approve Acrow Formwork and Construction Services Limited's (ASX:ACF) CEO Compensation Package

CEO, MD & Executive Director recently bought AU$109k worth of stock

Acrow Formwork and Construction Services Limited Revises Earnings Guidance for the Fiscal Year 2023

Upcoming dividend of AU$0.015 per share

CEO, MD & Executive Director recently bought AU$89k worth of stock

CEO, MD & Executive Director exercised options and sold AU$499k worth of stock

Acrow Formwork and Construction Services Limited, Annual General Meeting, Nov 15, 2022

Here's Why Acrow Formwork and Construction Services (ASX:ACF) Has Caught The Eye Of Investors

Acrow Formwork and Construction Services Limited Provides Enrings Guidance for the Fiscal Year 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Acrow Formwork and Construction Services Limited to Report Fiscal Year 2022 Results on Aug 24, 2022

CEO, MD & Executive Director recently bought AU$71k worth of stock

Acrow Formwork and Construction Services Limited Declares Dividend for the Period of Six Months Ended December 31, 2021, Payable on May 27, 2022

Less than half of directors are independent

Acrow Formwork and Construction Services Limited Revises Earnings Guidance for the Fiscal Year 2022

Upcoming dividend of AU$0.012 per share

CEO, MD & Executive Director recently sold AU$75k worth of stock

First half 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates increase by 21%

Price target increased to AU$0.61

Acrow Formwork and Construction Services Limited Declares Dividend for the Period of Six Months Ended December 31, 2021, Payable on May 27, 2022

Acrow Formwork and Construction Services Limited to Report First Half, 2022 Results on Feb 10, 2022