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$597.00K. The average tenure of the management team and the board of directors is 0.6 years and 0.9 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$3m |
Compensation vs Market: Mike's total compensation ($USD153.22K) is below average for companies of similar size in the Australian market ($USD280.85K).
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$249.31k | 3.51% A$ 597.0k | |
| Company Secretary & Non-Executive Director | 1.5yrs | AU$51.77k | 0.23% A$ 38.2k | |
| Chief Financial Officer | less than a year | no data | no data | |
| Chief Technical Officer | no data | AU$276.92k | no data | |
| Chief Marketing Officer | less than a year | no data | no data | |
| Head of Commercial | no data | AU$233.61k | no data |
0.6yrs
Average Tenure
Experienced Management: HIQ's management team is not considered experienced ( 0.6 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$51.77k | 0.23% A$ 38.2k | |
| Independent Director | less than a year | no data | 2.35% A$ 399.1k | |
| Non-Executive Director | no data | AU$42.00k | 1.81% A$ 307.5k | |
| Independent Non-Executive Director | 1.2yrs | AU$24.50k | no data |
0.9yrs
Average Tenure
Experienced Board: HIQ's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/11 20:40 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HITIQ Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|