Verbrec Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mark Read

Chief executive officer

AU$179.5k

Total compensation

CEO salary percentage	75.3%
CEO tenure	1.2yrs
CEO ownership	0.03%
Management average tenure	no data
Board average tenure	4.6yrs

Recent management updates

Recent updates

There's Reason For Concern Over Verbrec Limited's (ASX:VBC) Massive 48% Price Jump

Feb 28

Declining Stock and Decent Financials: Is The Market Wrong About Verbrec Limited (ASX:VBC)?

Mar 03

Is There More To The Story Than Verbrec's (ASX:VBC) Earnings Growth?

Jan 25

Does Verbrec (ASX:VBC) Have A Healthy Balance Sheet?

Dec 21

Is LogiCamms (ASX:LCM) Likely To Turn Things Around?

Nov 29

CEO Compensation Analysis

How has Mark Read's remuneration changed compared to Verbrec's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$5m
Sep 30 2023	n/a	n/a	-AU$7m
Jun 30 2023	AU$180k	AU$135k	-AU$10m

Compensation vs Market: Mark's total compensation ($USD118.17K) is below average for companies of similar size in the Australian market ($USD294.64K).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.

CEO

Mark Read

1.2yrs

Tenure

AU$179,517

Compensation

Mr. Mark Read serves as Chief Executive Officer at Verbrec Limited since March 13, 2023 and also serves as its Chief Operating Officer. He has experience across publicly listed and privately held engineeri...

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Morgan	Independent Non-Executive Director	4.6yrs	AU$75.00k	0.30% A$ 86.6k
Phillip Campbell	Independent Non-Executive Chairman	4.6yrs	AU$120.00k	0.52% A$ 150.3k
Brian O'Sullivan	Development Advisor & Non-Executive Director	4.9yrs	AU$195.00k	25.09% A$ 7.2m

4.6yrs

Average Tenure

Experienced Board: VBC's board of directors are considered experienced (4.6 years average tenure).

Verbrec Management

Management criteria checks 2/4

Key information

Recent management updates

Verbrec Limited, Annual General Meeting, Nov 29, 2023

Insufficient new directors

Verbrec Limited Announces Resignation of Michael Casey as CFO

Verbrec Limited Announces the Resignation of Mr. Andrew Ritter as Company Secretary

Verbrec Limited Announces CEO Succession

Verbrec Limited, Annual General Meeting, Nov 22, 2022

Recent updates

There's Reason For Concern Over Verbrec Limited's (ASX:VBC) Massive 48% Price Jump

Verbrec Limited to Report First Half, 2024 Results on Feb 28, 2024

Verbrec Limited has completed a Follow-on Equity Offering in the amount of AUD 2.043094 million.

Verbrec Limited's (ASX:VBC) 29% Share Price Plunge Could Signal Some Risk

Verbrec Limited has filed a Follow-on Equity Offering in the amount of AUD 2.044395 million.

Verbrec Limited has filed a Follow-on Equity Offering in the amount of AUD 2.044395 million.

New minor risk - Shareholder dilution

An unknown buyer entered into a binding agreement to acquire Non-profitable training assets and contracts of Verbrec Limited.

Does Verbrec (ASX:VBC) Have A Healthy Balance Sheet?

Verbrec Limited, Annual General Meeting, Nov 29, 2023

Insufficient new directors

Full year 2023 earnings released: AU$0.043 loss per share (vs AU$0.014 loss in FY 2022)

New minor risk - Financial data availability

Verbrec Limited to Report Fiscal Year 2023 Results on Aug 30, 2023

Verbrec Limited Announces Resignation of Michael Casey as CFO

Is Verbrec (ASX:VBC) Using Too Much Debt?

First half 2023 earnings released: AU$0.012 loss per share (vs AU$0.005 loss in 1H 2022)

Verbrec Limited Announces the Resignation of Mr. Andrew Ritter as Company Secretary

Verbrec Limited Announces CEO Succession

Verbrec Limited, Annual General Meeting, Nov 22, 2022

Full year 2022 earnings released: AU$0.014 loss per share (vs AU$0.019 loss in FY 2021)

Verbrec Limited Provides Earnings Guidance for the Second Half 2023

Verbrec Limited to Report Fiscal Year 2022 Results on Aug 30, 2022

High number of new directors

Verbrec Limited Announces Changes to Key Management Personnel

High number of new and inexperienced directors

Verbrec Limited Provides Revenue Guidance for the Year 2022

Verbrec Limited Provides an Update on Previously Announced Poor Performing Legacy Projects

Does Verbrec (ASX:VBC) Have A Healthy Balance Sheet?

CEO, MD & Executive Director exercised options to buy AU$143k worth of stock.

Verbrec Limited (ASX:VBC) acquired Energy Investment Management Pty Ltd.

CEO, MD & Executive Director exercised options to buy AU$170k worth of stock.

I Ran A Stock Scan For Earnings Growth And Verbrec (ASX:VBC) Passed With Ease

Verbrec Limited announced that it expects to receive AUD 3 million in funding

Does Verbrec (ASX:VBC) Have A Healthy Balance Sheet?

Declining Stock and Decent Financials: Is The Market Wrong About Verbrec Limited (ASX:VBC)?

First half 2021 earnings released: EPS AU$0.006 (vs AU$0.01 in 1H 2020)

Is There More To The Story Than Verbrec's (ASX:VBC) Earnings Growth?

Verbrec Limited (ASX:VBC) completed the acquisition of Energy Infrastructure Management Pty Ltd from AGL Energy Limited and Arrow (Northern Generation) Pty Ltd.

Does Verbrec (ASX:VBC) Have A Healthy Balance Sheet?

New 90-day high: AU$0.21

Is LogiCamms (ASX:LCM) Likely To Turn Things Around?

New 90-day high: AU$0.20

LogiCamms Limited Announces Management Changes

LogiCamms Limited Provides Earnings Guidance for the Fiscal Year 2021

Full year earnings released - EPS AU$0.014

LogiCamms Limited to Report Fiscal Year 2020 Results on Aug 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure