AUB Group Management

Management criteria checks 2/4

AUB Group's CEO is Mike Emmett, appointed in Mar 2019, has a tenure of 5.17 years. total yearly compensation is A$3.63M, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth A$4.78M. The average tenure of the management team and the board of directors is 4.1 years and 2.2 years respectively.

Key information

Mike Emmett

Chief executive officer

AU$3.6m

Total compensation

CEO salary percentage	26.8%
CEO tenure	5.2yrs
CEO ownership	0.2%
Management average tenure	4.1yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Emmett's remuneration changed compared to AUB Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$116m
Sep 30 2023	n/a	n/a	AU$91m
Jun 30 2023	AU$4m	AU$972k	AU$65m
Mar 31 2023	n/a	n/a	AU$60m
Dec 31 2022	n/a	n/a	AU$53m
Sep 30 2022	n/a	n/a	AU$67m
Jun 30 2022	AU$3m	AU$973k	AU$81m
Mar 31 2022	n/a	n/a	AU$79m
Dec 31 2021	n/a	n/a	AU$77m
Sep 30 2021	n/a	n/a	AU$74m
Jun 30 2021	AU$3m	AU$828k	AU$71m
Mar 31 2021	n/a	n/a	AU$62m
Dec 31 2020	n/a	n/a	AU$54m
Sep 30 2020	n/a	n/a	AU$50m
Jun 30 2020	AU$2m	AU$810k	AU$47m
Mar 31 2020	n/a	n/a	AU$46m
Dec 31 2019	n/a	n/a	AU$45m
Sep 30 2019	n/a	n/a	AU$47m
Jun 30 2019	AU$881k	AU$239k	AU$48m

Compensation vs Market: Mike's total compensation ($USD2.38M) is above average for companies of similar size in the Australian market ($USD1.54M).

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

CEO

Mike Emmett (56 yo)

5.2yrs

Tenure

AU$3,629,131

Compensation

Mr. Michael Patrick Cheere Emmett, also known as Mike, B Com, H.Dip. Acc CA (SA) has been a Director of Cover-More Group Limited since July 4, 2016 and served as its Group Chief Executive Officer since Jul...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Emmett	CEO, MD & Director	5.2yrs	AU$3.63m	0.16% A$ 4.8m
Mark Shanahan	Chief Financial Officer	6.1yrs	AU$1.62m	0.026% A$ 807.1k
Richard Bell	Chief Legal & Risk Officer and Company Secretary	2.9yrs	no data	no data
Keith McIvor	Managing Director of AUB Group New Zealand	no data	no data	no data
Angie Zissis	Chief Underwriting Officer & CEO of Austbrokers Member Services	3.8yrs	no data	no data
Ben Bessell	Chief Broking Officer of Austbrokers	4.3yrs	no data	no data
Elizabeth McGregor	Joint Company Secretary	2.6yrs	no data	no data
W. Patterson	Executive Director of Underwriting Agencies- Austagencies	no data	AU$273.76k	no data
Ron Broadbent	Regional Operations Manager of Queensland and New South Wales	no data	AU$227.32k	no data

4.1yrs

Average Tenure

63yo

Average Age

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

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Emmett	CEO, MD & Director	no data	AU$3.63m	0.16% A$ 4.8m
David Clarke	Independent Non-Executive Chairman	10.3yrs	AU$240.00k	0.028% A$ 869.7k
Andrew Kendrick	Independent Non-Executive Director	1.3yrs	AU$153.92k	no data
Peter Harmer	Independent Non-Executive Director	2.8yrs	AU$185.26k	0.0032% A$ 96.3k
Melanie Laing	Non-Executive Director	less than a year	no data	no data
Cath Rogers	Independent Non-Executive Director	6yrs	AU$120.00k	0.0077% A$ 236.9k
Richard Deutsch	Independent Non-Executive Director	1.5yrs	AU$79.09k	0.0030% A$ 91.7k

2.2yrs

Average Tenure

62yo

Average Age

Experienced Board: AUB's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

AUB Group Management

Management criteria checks 2/4

Key information

Recent management updates

AUB Group Limited Announces Changes to Its Board of Directors, Effective 2 November 2023

AUB Group Limited, Annual General Meeting, Nov 02, 2023

AUB Group Limited Appoints Andrew Kendrick as A Non-Executive Director

AUB Group Limited Appoints Richard Deutsch as Non-Executive Director

AUB Group Limited, Annual General Meeting, Nov 03, 2022

CEO, MD & Director recently bought AU$100k worth of stock

Recent updates

Now 21% undervalued

Now 20% undervalued

First half dividend increased to AU$0.20

New minor risk - Earnings quality

First half 2024 earnings released: EPS: AU$0.49 (vs AU$0.023 in 1H 2023)

AUB Group Limited to Report First Half, 2024 Results on Feb 20, 2024

Now 20% undervalued after recent price drop

AUB Group Limited Announces Changes to Its Board of Directors, Effective 2 November 2023

Now 21% undervalued after recent price drop

Upcoming dividend of AU$0.47 per share at 2.1% yield

AUB Group Limited Declares Dividend for the Six Months Ended on June 30, 2023, Payable on October 9, 2023

Full year 2023 earnings released: EPS: AU$0.65 (vs AU$1.06 in FY 2022)

AUB Group Limited, Annual General Meeting, Nov 02, 2023

Now 20% undervalued

AUB Group Limited to Report Fiscal Year 2023 Results on Aug 22, 2023

AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 150 million.

AUB Group Limited Revises Earnings Guidance for the Year 2023

First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.40 in 1H 2022)

AUB Group Limited Appoints Andrew Kendrick as A Non-Executive Director

AUB Group Limited to Report First Half, 2023 Results on Feb 22, 2023

AUB Group Limited Appoints Richard Deutsch as Non-Executive Director

AUB Group Limited (ASX:AUB) completed the acquisition of 100% stake in Tysers Insurance Brokers Limited from Odyssey Investment Partners, LLC.

AUB Group Limited (ASX:AUB) acquired Strata Unit Underwriting Agency Pty Ltd from Insurance Australia Group Limited (ASX:IAG).

Upcoming dividend of AU$0.38 per share

Full year 2022 earnings released: EPS: AU$1.06 (vs AU$0.93 in FY 2021)

AUB Group Limited, Annual General Meeting, Nov 03, 2022

AUB Group Limited to Report Fiscal Year 2022 Results on Aug 24, 2022

CEO, MD & Director recently bought AU$100k worth of stock

Austbrokers Holdings Ordinary Shares to Be Deleted from OTC Equity

AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 70.778526 million.

AUB Group Limited (ASX:AUB) agreed to acquire 100% of Tysers Insurance Brokers Limited from Odyssey Investment Partners, LLC for AUD 1,056 million.

Insufficient new directors

AUB in Discussions with Odyssey Investment Partners

Now 20% undervalued after recent price drop

First half 2022 earnings: EPS in line with expectations, revenues disappoint

AUB Group Limited Announces Fully Franked Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on April 4, 2022

AUB Group Provides Earnings Guidance First First Half and Full Year of Fiscal 2022

Independent Non-Executive Chairman recently bought AU$58k worth of stock

Insider recently bought AU$50k worth of stock

Independent Non-Executive Director Raymond Carless has left the company

Upcoming dividend of AU$0.39 per share

Full year 2021 earnings released: EPS AU$0.95 (vs AU$0.64 in FY 2020)

AUB Group Limited Provides Earning Guidance for the Year 2022

Joint Company Secretary David Franks has left the company

First half 2021 earnings released: EPS AU$0.32 (vs AU$0.23 in 1H 2020)

New 90-day high: AU$17.75

AUB Group Limited (ASX:AUB) acquired an additional 18.5% stake in Altius Group Pty Limited from minority shareholder.

AUB Group Limited to Report First Half, 2021 Results on Feb 23, 2021

New 90-day low: AU$16.24

AUB Group Limited Announces Partnership with Kelly+Partners Group

AUB Group Limited (ASX:AUB) acquired 360 Underwriting Solutions Pty Ltd. from Denis Morrissey and Chris Lynch.

Non-Executive Chairman recently bought AU$52k worth of stock

New 90-day high: AU$16.77

New 90-day high: AU$16.43

AUB Group Limited (ASX:AUB) acquired a 73.15% stake in Experien Insurance Services Pty Ltd.

New 90-day high - AU$15.51

Earnings released

An unknown buyer acquired Allied Health Australia Pty Ltd. from AUB Group Limited (ASX:AUB).

AUB Group Limited to Report Fiscal Year 2020 Results on Aug 25, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age