Magmatic Resources Management
Management criteria checks 4/4
Magmatic Resources' CEO is Adam McKinnon, appointed in Mar 2022, has a tenure of 2.67 years. total yearly compensation is A$568.68K, comprised of 60.4% salary and 39.6% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth A$54.51K. The average tenure of the management team and the board of directors is 5.1 years and 4.1 years respectively.
Key information
Adam McKinnon
Chief executive officer
AU$568.7k
Total compensation
| CEO salary percentage | 60.4% |
| CEO tenure | 2.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.1yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$569k | AU$344k | -AU$3m |
| Mar 31 2024 | n/a | n/a | -AU$5m |
| Dec 31 2023 | n/a | n/a | -AU$6m |
| Sep 30 2023 | n/a | n/a | -AU$7m |
| Jun 30 2023 | AU$573k | AU$350k | -AU$7m |
| Mar 31 2023 | n/a | n/a | -AU$7m |
| Dec 31 2022 | n/a | n/a | -AU$6m |
| Sep 30 2022 | n/a | n/a | -AU$4m |
| Jun 30 2022 | AU$422k | AU$104k | -AU$3m |
Compensation vs Market: Adam's total compensation ($USD372.78K) is about average for companies of similar size in the Australian market ($USD299.60K).
Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.
CEO
Adam McKinnon
2.7yrs
Tenure
AU$568,676
Compensation
Dr. Adam Robert McKinnon, B.Sc. (Hons), Ph D., MAusIMM, serves as Non-Executive Director at Australian Gold and Copper Limited since August 12, 2022. He serves as Managing Director at Magmatic Resources Li...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.1yrs | AU$378.53k | 11.38% A$ 2.3m | |
| Managing Director | 2.7yrs | AU$568.68k | 0.27% A$ 54.5k | |
| Chief Financial Officer | 5.4yrs | AU$137.85k | 0.22% A$ 44.0k | |
| Joint Company Secretary & Non-Executive Director | 5.4yrs | AU$167.06k | 3.36% A$ 673.4k | |
| Exploration Manager | 7.8yrs | no data | no data | |
| Joint Company Secretary | 4.1yrs | no data | no data |
5.1yrs
Average Tenure
Experienced Management: MAG's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.1yrs | AU$378.53k | 11.38% A$ 2.3m | |
| Joint Company Secretary & Non-Executive Director | 8.1yrs | AU$167.06k | 3.36% A$ 673.4k | |
| Independent Director | less than a year | AU$220.31k | 0.0021% A$ 410.4 | |
| Non-Executive Director | less than a year | no data | no data |
4.1yrs
Average Tenure
Experienced Board: MAG's board of directors are considered experienced (4.1 years average tenure).