Accelerate Resources Management
Management criteria checks 2/4
Accelerate Resources' CEO is Luke Meter, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is A$286.99K, comprised of 41.8% salary and 58.2% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth A$2.72K. The average tenure of the management team and the board of directors is 1.8 years and 6 years respectively.
Key information
Luke Meter
Chief executive officer
AU$287.0k
Total compensation
| CEO salary percentage | 41.8% |
| CEO tenure | less than a year |
| CEO ownership | 0.06% |
| Management average tenure | 1.8yrs |
| Board average tenure | 6yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$287k | AU$120k | -AU$3m |
Compensation vs Market: Luke's total compensation ($USD179.13K) is below average for companies of similar size in the Australian market ($USD290.06K).
Compensation vs Earnings: Insufficient data to compare Luke's compensation with company performance.
CEO
Luke Meter
less than a year
Tenure
AU$286,991
Compensation
Mr. Luke Meter was Exploration Manager of Artemis Resources Limited from July 17, 2022. Mr. Meter is a highly credentialed geologist and mining executive with handson, exploration, development and corporat...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | less than a year | AU$286.99k | 0.063% A$ 2.7k | |
| Company Secretary & Executive Director | 1.8yrs | AU$586.73k | 1.1% A$ 47.5k | |
| Chief Financial Officer | no data | no data | no data | |
| Exploration Manager | 4.1yrs | no data | no data |
1.8yrs
Average Tenure
Experienced Management: AX8's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Company Secretary & Executive Director | 7.8yrs | AU$586.73k | 1.1% A$ 47.5k | |
| Independent Non-Executive Director | 7.5yrs | AU$93.86k | 6.79% A$ 292.2k | |
| Independent Non-Executive Chairman of the Board | 4.4yrs | AU$394.06k | 1.83% A$ 78.9k | |
| Non-Executive Director | less than a year | AU$52.78k | 6.71% A$ 288.8k |
6.0yrs
Average Tenure
56yo
Average Age
Experienced Board: AX8's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 08:36 |
| End of Day Share Price | 2024/12/24 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 |
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| Key Developments | 10 years |
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* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Accelerate Resources 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 |
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