Magmatic Resources Management
Management criteria checks 3/4
Magmatic Resources' CEO is Adam McKinnon, appointed in Mar 2022, has a tenure of 2.33 years. total yearly compensation is A$573.35K, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth A$64.73K. The average tenure of the management team and the board of directors is 4.8 years and 7.8 years respectively.
Key information
Adam McKinnon
Chief executive officer
AU$573.4k
Total compensation
| CEO salary percentage | 61.0% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.8yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$3m |
Compensation vs Market: Adam's total compensation ($USD382.69K) is about average for companies of similar size in the Australian market ($USD298.21K).
Compensation vs Earnings: Adam's compensation has increased whilst the company is unprofitable.
CEO
Adam McKinnon
2.3yrs
Tenure
AU$573,352
Compensation
Dr. Adam R. 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 and Director at Magmatic Res...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.8yrs | AU$444.13k | 11.38% A$ 2.7m | |
| MD & Director | 2.3yrs | AU$573.35k | 0.27% A$ 64.7k | |
| Chief Financial Officer | 5.1yrs | AU$126.13k | 0.19% A$ 45.6k | |
| Joint Company Secretary & Non-Executive Director | 5.1yrs | AU$199.97k | 3.36% A$ 799.7k | |
| Exploration Manager | 7.5yrs | no data | no data | |
| Joint Company Secretary | 3.8yrs | no data | no data |
4.8yrs
Average Tenure
Experienced Management: MAG's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.8yrs | AU$444.13k | 11.38% A$ 2.7m | |
| MD & Director | 2.3yrs | AU$573.35k | 0.27% A$ 64.7k | |
| Joint Company Secretary & Non-Executive Director | 7.8yrs | AU$199.97k | 3.36% A$ 799.7k |
7.8yrs
Average Tenure
Experienced Board: MAG's board of directors are considered experienced (7.8 years average tenure).