VEEM Management

Management criteria checks 4/4

VEEM's CEO is Mark Miocevich, appointed in Jan 1995, has a tenure of 29.33 years. total yearly compensation is A$548.86K, comprised of 93.3% salary and 6.7% bonuses, including company stock and options. directly owns 50.18% of the company’s shares, worth A$122.64M. The average tenure of the management team and the board of directors is 2.8 years and 7 years respectively.

Key information

Mark Miocevich

Chief executive officer

AU$548.9k

Total compensation

CEO salary percentage	93.3%
CEO tenure	29.3yrs
CEO ownership	50.2%
Management average tenure	2.8yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Miocevich's remuneration changed compared to VEEM's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$6m
Sep 30 2023	n/a	n/a	AU$5m
Jun 30 2023	AU$549k	AU$512k	AU$4m
Mar 31 2023	n/a	n/a	AU$3m
Dec 31 2022	n/a	n/a	AU$3m
Sep 30 2022	n/a	n/a	AU$2m
Jun 30 2022	AU$533k	AU$493k	AU$1m
Mar 31 2022	n/a	n/a	AU$2m
Dec 31 2021	n/a	n/a	AU$2m
Sep 30 2021	n/a	n/a	AU$4m
Jun 30 2021	AU$456k	AU$428k	AU$5m
Mar 31 2021	n/a	n/a	AU$5m
Dec 31 2020	n/a	n/a	AU$5m
Sep 30 2020	n/a	n/a	AU$4m
Jun 30 2020	AU$415k	AU$385k	AU$2m
Mar 31 2020	n/a	n/a	AU$3m
Dec 31 2019	n/a	n/a	AU$3m
Sep 30 2019	n/a	n/a	AU$3m
Jun 30 2019	AU$422k	AU$391k	AU$3m
Mar 31 2019	n/a	n/a	AU$2m
Dec 31 2018	n/a	n/a	AU$2m
Sep 30 2018	n/a	n/a	AU$2m
Jun 30 2018	AU$413k	AU$382k	AU$3m
Mar 31 2018	n/a	n/a	AU$3m
Dec 31 2017	n/a	n/a	AU$4m
Sep 30 2017	n/a	n/a	AU$4m
Jun 30 2017	AU$349k	AU$314k	AU$4m

Compensation vs Market: Mark's total compensation ($USD362.64K) is below average for companies of similar size in the Australian market ($USD635.34K).

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

CEO

Mark Miocevich

29.3yrs

Tenure

AU$548,857

Compensation

Mr. Mark David Miocevich, B. App SC.(Mech Eng) FIE Aust serves as Managing Director at VEEM Ltd since 1995. Mr. Miocevich is responsible for the overall performance of VEEM and for the leadership of the ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Miocevich	MD & Director	29.3yrs	AU$548.86k	50.18% A$ 122.6m
David Rich	CFO & Company Secretary	4.5yrs	AU$426.36k	0.16% A$ 389.4k
Trevor Raman	Operations Manager	1.1yrs	AU$306.26k	no data
David Wood	Global Commercial Manager	1.2yrs	AU$259.02k	no data

2.8yrs

Average Tenure

Experienced Management: VEE's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Miocevich	MD & Director	no data	AU$548.86k	50.18% A$ 122.6m
Peter Torre	Independent Non-Executive Director	6.1yrs	AU$68.50k	0.054% A$ 130.9k
John Miocevich	Non-Executive Chairman	41.3yrs	AU$136.50k	no data
Ian Barsden	Non-Executive Director	7.8yrs	AU$68.50k	0.039% A$ 96.4k
Michael Bailey	Independent Non-Executive Director	5.8yrs	AU$68.50k	0.085% A$ 207.8k

7.0yrs

Average Tenure

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

VEEM Management

Management criteria checks 4/4

Key information

Recent management updates

VEEM Ltd, Annual General Meeting, Nov 22, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 18%

First half dividend increased to AU$0.0077

VEEM Ltd to Report First Half, 2024 Results on Feb 22, 2024

Investor sentiment improves as stock rises 17%

VEEM Ltd, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: EPS: AU$0.03 (vs AU$0.009 in FY 2022)

Veem Ltd Recommends A Final Unfranked Ordinary Dividend for the Six Months Ended 30 June 2023, Payable on 20 September 2023

VEEM Ltd to Report Fiscal Year 2023 Results on Aug 24, 2023

Less than half of directors are independent

First half 2023 earnings released: EPS: AU$0.014 (vs AU$0.002 in 1H 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

VEEM Ltd, Annual General Meeting, Nov 23, 2022

Full year 2022 earnings released: EPS: AU$0.009 (vs AU$0.038 in FY 2021)

VEEM Ltd Recommends Final Unfranked Ordinary Dividend for the Year Ended 30 June 2022., Payable on or Around 21 September 2022

Less than half of directors are independent

Less than half of directors are independent

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

VEEM Ltd. Declares Ordinary Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 19, 2022

VEEM Ltd to Report First Half, 2022 Results on Feb 22, 2022

Full year 2021 earnings released: EPS AU$0.038 (vs AU$0.019 in FY 2020)

VEEM Ltd announced that it has received funding from Repay Holdings Corporation

VEEM Ltd announced that it expects to receive AUD 6 million in funding

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.037 (vs AU$0.019 in FY 2020)

Investor sentiment improved over the past week

VEEM Ltd to Report First Half, 2021 Results on Feb 25, 2021

First half 2021 earnings released: EPS AU$0.023 (vs AU$0.007 in 1H 2020)

Full year earnings released - EPS AU$0.019

Full year earnings released - EPS AU$0.019

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure