HITIQ Management
Management criteria checks 1/4
HITIQ's CEO is Mike Vegar, appointed in Feb 2024, has a tenure of less than a year. total yearly compensation is A$249.31K, comprised of 84.2% salary and 15.8% bonuses, including company stock and options. directly owns 3.51% of the company’s shares, worth A$472.63K. The average tenure of the management team and the board of directors is 0.4 years and 0.8 years respectively.
Key information
Mike Vegar
Chief executive officer
AU$249.3k
Total compensation
| CEO salary percentage | 84.2% |
| CEO tenure | less than a year |
| CEO ownership | 3.5% |
| Management average tenure | less than a year |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$249k | AU$210k | -AU$3m |
| Mar 31 2024 | n/a | n/a | -AU$4m |
| Dec 31 2023 | n/a | n/a | -AU$5m |
| Sep 30 2023 | n/a | n/a | -AU$5m |
| Jun 30 2023 | n/a | AU$210k | -AU$5m |
| Mar 31 2023 | n/a | n/a | -AU$5m |
| Dec 31 2022 | n/a | n/a | -AU$5m |
| Sep 30 2022 | n/a | n/a | -AU$6m |
| Jun 30 2022 | AU$231k | AU$210k | -AU$7m |
| Mar 31 2022 | n/a | n/a | -AU$7m |
| Dec 31 2021 | n/a | n/a | -AU$7m |
| Sep 30 2021 | n/a | n/a | -AU$6m |
| Jun 30 2021 | AU$764k | AU$150k | -AU$5m |
| Mar 31 2021 | n/a | n/a | -AU$3m |
| Dec 31 2020 | n/a | n/a | -AU$2m |
| Sep 30 2020 | n/a | n/a | -AU$2m |
| Jun 30 2020 | AU$171k | AU$156k | -AU$3m |
Compensation vs Market: Mike's total compensation ($USD162.17K) is below average for companies of similar size in the Australian market ($USD297.98K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
CEO
Mike Vegar
less than a year
Tenure
AU$249,306
Compensation
Mr. Michael Dean Vegar, also known as Mike, serves as Interim Chief Executive Officer of HITIQ LIMITED since February 23, 2024 and served as its Managing Director, Chief Executive Officer and Director unti...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | AU$249.31k | 3.51% A$ 472.6k | |
| Company Secretary & Non-Executive Director | 1.3yrs | AU$51.77k | 0.040% A$ 5.3k | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Technical Officer | no data | AU$276.92k | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Head of Commercial | no data | AU$233.61k | no data |
0.4yrs
Average Tenure
Experienced Management: HIQ's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Company Secretary & Non-Executive Director | less than a year | AU$51.77k | 0.040% A$ 5.3k | |
| Independent Director | less than a year | no data | 1.15% A$ 154.5k | |
| Non-Executive Director | no data | AU$42.00k | 1.62% A$ 218.5k | |
| Independent Non-Executive Director | less than a year | AU$24.50k | no data |
0.8yrs
Average Tenure
Experienced Board: HIQ's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.