Magnetite Mines Management
Management criteria checks 1/4
Magnetite Mines' CEO is Tim Dobson, appointed in Aug 2022, has a tenure of 2.25 years. total yearly compensation is A$807.81K, comprised of 61.9% salary and 38.1% bonuses, including company stock and options. directly owns 1.13% of the company’s shares, worth A$182.27K. The average tenure of the management team and the board of directors is 1.8 years and 2.6 years respectively.
Key information
Tim Dobson
Chief executive officer
AU$807.8k
Total compensation
| CEO salary percentage | 61.9% |
| CEO tenure | 2.3yrs |
| CEO ownership | 1.1% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$808k | AU$500k | -AU$5m |
| Mar 31 2024 | n/a | n/a | -AU$5m |
| Dec 31 2023 | n/a | n/a | -AU$5m |
| Sep 30 2023 | n/a | n/a | -AU$5m |
| Jun 30 2023 | AU$1m | AU$442k | -AU$5m |
Compensation vs Market: Tim's total compensation ($USD524.96K) is above average for companies of similar size in the Australian market ($USD297.81K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim Dobson
2.3yrs
Tenure
AU$807,807
Compensation
Mr. Timothy Leigh Dobson, also known as Tim, BAppSc, MAusIMM, GAICD, FAusIMM, has been Chief Executive Officer at Magnetite Mines Limited since August 23, 2022 and serves as its MD & Director since Septemb...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 2.3yrs | AU$807.81k | 1.13% A$ 182.3k | |
| CFO & Joint Company Secretary | 1.2yrs | AU$331.17k | 0.022% A$ 3.5k | |
| Director of Sustainability | 2yrs | no data | no data | |
| Joint Company Secretary & Financial Controller | 1.6yrs | no data | no data |
1.8yrs
Average Tenure
Experienced Management: MGT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | less than a year | AU$807.81k | 1.13% A$ 182.3k | |
| Non-Executive Director | 2.8yrs | AU$162.23k | 0.087% A$ 14.0k | |
| Non-Executive Director | 2.4yrs | AU$126.32k | 0.057% A$ 9.3k | |
| Independent Non-Executive Chairman | 2.8yrs | AU$111.00k | 1.01% A$ 162.7k | |
| Non-Executive Director | 1.8yrs | AU$109.02k | 0.13% A$ 21.7k | |
| Non-Executive Director | 8.9yrs | AU$106.63k | 2.37% A$ 382.3k |
2.6yrs
Average Tenure
65yo
Average Age
Experienced Board: MGT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.