Emeco Holdings Management

Management criteria checks 3/4

Emeco Holdings' CEO is Ian Testrow, appointed in Aug 2015, has a tenure of 8.75 years. total yearly compensation is A$2.90M, comprised of 46.9% salary and 53.1% bonuses, including company stock and options. directly owns 2.94% of the company’s shares, worth A$11.00M. The average tenure of the management team and the board of directors is 4.1 years and 3.4 years respectively.

Key information

Ian Testrow

Chief executive officer

AU$2.9m

Total compensation

CEO salary percentage	46.9%
CEO tenure	8.8yrs
CEO ownership	2.9%
Management average tenure	4.1yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ian Testrow's remuneration changed compared to Emeco Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$58m
Sep 30 2023	n/a	n/a	AU$50m
Jun 30 2023	AU$3m	AU$1m	AU$41m
Mar 31 2023	n/a	n/a	AU$39m
Dec 31 2022	n/a	n/a	AU$37m
Sep 30 2022	n/a	n/a	AU$51m
Jun 30 2022	AU$3m	AU$1m	AU$65m
Mar 31 2022	n/a	n/a	AU$56m
Dec 31 2021	n/a	n/a	AU$48m
Sep 30 2021	n/a	n/a	AU$34m
Jun 30 2021	AU$5m	AU$1m	AU$21m
Mar 31 2021	n/a	n/a	AU$32m
Dec 31 2020	n/a	n/a	AU$42m
Sep 30 2020	n/a	n/a	AU$54m
Jun 30 2020	AU$10m	AU$1m	AU$66m
Mar 31 2020	n/a	n/a	AU$57m
Dec 31 2019	n/a	n/a	AU$49m
Sep 30 2019	n/a	n/a	AU$41m
Jun 30 2019	AU$11m	AU$1m	AU$34m
Mar 31 2019	n/a	n/a	AU$26m
Dec 31 2018	n/a	n/a	AU$19m
Sep 30 2018	n/a	n/a	AU$12m
Jun 30 2018	AU$5m	AU$962k	AU$5m
Mar 31 2018	n/a	n/a	-AU$61m
Dec 31 2017	n/a	n/a	-AU$127m
Sep 30 2017	n/a	n/a	-AU$142m
Jun 30 2017	AU$5m	AU$801k	-AU$157m

Compensation vs Market: Ian's total compensation ($USD1.90M) is above average for companies of similar size in the Australian market ($USD630.81K).

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

CEO

Ian Testrow (53 yo)

8.8yrs

Tenure

AU$2,903,195

Compensation

Mr. Ian M. Testrow, BEng (Civil), MBA has been the Managing Director and Executive Director at Emeco Holdings Limited since August 20, 2015 and its Chief Executive Officer since July 2023 and served as its...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ian Testrow	MD, CEO & Executive Director	8.8yrs	AU$2.90m	2.94% A$ 11.0m
Theresa Mlikota	Chief Financial Officer	less than a year	AU$99.68k	no data
Sam Byford	Manager of Investor Relations & & Corporate Affairs	no data	no data	no data
Justine Lea	Chief Integration Officer	4.1yrs	AU$1.11m	no data
Steven Versteegen	Co-Founder & CEO of Pit N Portal	no data	no data	0.47% A$ 1.8m

4.1yrs

Average Tenure

Experienced Management: EHL's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ian Testrow	MD, CEO & Executive Director	no data	AU$2.90m	2.94% A$ 11.0m
Peter Frank	Non-Executive Director	7.1yrs	AU$110.90k	no data
James Walker	Non-Executive Director	less than a year	AU$6.47k	no data
Peter Richards	Independent Chairman of the Board	13.9yrs	AU$184.93k	0.0021% A$ 8.0k
Peter Kane	Independent Non-Executive Director	3.4yrs	AU$118.88k	0.0020% A$ 7.5k
Sarah Adam-Gedge	Independent Non-Executive Director	less than a year	no data	no data

3.4yrs

Average Tenure

59yo

Average Age

Experienced Board: EHL's board of directors are considered experienced (3.4 years average tenure).

Emeco Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Less than half of directors are independent

Emeco Holdings Limited Announces Retirement of Keith Skinner as Independent Non-Executive Director, Effect on 13 June 2023

Emeco Holdings Limited, Annual General Meeting, Nov 10, 2022

Emeco Holdings Limited Announces the Appointment of Thao Pham as Group Chief Financial Officer

Emeco Holdings Limited Announces Resignation of Mr. Darren Yeates as an Independent Non- Executive Director, Effective Close of Business on 11 November 2020

Recent updates

Emeco Holdings Limited Announces No Interim Dividend for the Six Months Ended December 31, 2023

Emeco Holdings Limited Announces No Interim Dividend for the Six Months Ended December 31, 2023

New minor risk - Financial position

Emeco Holdings Limited to Report First Half, 2024 Results on Feb 20, 2024

Emeco Holdings Limited(ASX:EHL) dropped from S&P Global BMI Index

Upcoming dividend of AU$0.013 per share at 3.8% yield

Emeco Holdings Limited to Report Q2, 2024 Results on Dec 31, 2023

Emeco Holdings Limited Announces Fully Franked Final Dividend for the Six Months Ended 30 June 2023, Payable on 29 September 2023

Full year 2023 earnings released: EPS: AU$0.08 (vs AU$0.12 in FY 2022)

Less than half of directors are independent

Emeco Holdings Limited Announces Retirement of Keith Skinner as Independent Non-Executive Director, Effect on 13 June 2023

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.013 per share at 3.4% yield

First half 2023 earnings released: EPS: AU$0.005 (vs AU$0.056 in 1H 2022)

Emeco Holdings Limited to Report First Half, 2023 Results on Feb 22, 2023

Upcoming dividend of AU$0.013 per share

Full year 2022 earnings released: EPS: AU$0.12 (vs AU$0.04 in FY 2021)

Emeco Holdings Limited Announces Estimated Ordinary Fully Paid Dividend for the Period of Six Months June 30, 2022, Payable on September 30, 2022

Emeco Holdings Limited, Annual General Meeting, Nov 10, 2022

Emeco Holdings Limited Declares Ordinary Fully Paid Dividend for the Period of Six Months December 31, 2021, Payable April 6, 2022

Upcoming dividend of AU$0.013 per share

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

Emeco Holdings Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on April 6, 2022

Emeco Holdings Limited Announces the Appointment of Thao Pham as Group Chief Financial Officer

Emeco Holdings Limited to Report First Half, 2022 Results on Feb 16, 2022

Chief Financial Officer Neil Siford has left the company

Full year 2021 earnings released: EPS AU$0.04 (vs AU$0.20 in FY 2020)

Emeco Holdings Limited (ASX:EHL) announces an Equity Buyback for AUD 3.8 million worth of its shares.

New 90-day low: AU$1.03

Revenue beats expectations

Emeco Holdings Limited to Report First Half, 2021 Results on Feb 09, 2021

New 90-day high: AU$1.19

New 90-day high: AU$1.15

New 90-day high: AU$1.14

New 90-day high: AU$1.01

Emeco Holdings Limited Announces Resignation of Mr. Darren Yeates as an Independent Non- Executive Director, Effective Close of Business on 11 November 2020

New 90-day low: AU$0.77

Emeco Secures Red 5s Great Western Open Cut Mining Contract

New 90-day low: AU$0.83

Emeco Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 149.175415 million.

New 90-day low - AU$0.88

Emeco Holdings Limited to Report Fiscal Year 2020 Results on Jul 27, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age