Tesserent Management

Management criteria checks 1/4

Tesserent's CEO is Kurt Hansen, appointed in Jan 2021, has a tenure of 2.75 years. total yearly compensation is A$1.05M, comprised of 49.5% salary and 50.5% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth A$1.42M. The average tenure of the management team and the board of directors is 1.9 years and 3.8 years respectively.

Key information

Kurt Hansen

Chief executive officer

AU$1.1m

Total compensation

CEO salary percentage	49.5%
CEO tenure	2.8yrs
CEO ownership	0.8%
Management average tenure	1.9yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

Can You Imagine How Elated Tesserent's (ASX:TNT) Shareholders Feel About Its 415% Share Price Gain?

Feb 04

Is Tesserent Limited's (ASX:TNT) Shareholder Ownership Skewed Towards Insiders?

Dec 31

Don't Ignore The Fact That This Insider Just Sold Some Shares In Tesserent Limited (ASX:TNT)

Nov 26

CEO Compensation Analysis

How has Kurt Hansen's remuneration changed compared to Tesserent's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	AU$1m	AU$522k	-AU$5m
Mar 31 2023	n/a	n/a	-AU$6m
Dec 31 2022	n/a	n/a	-AU$7m
Sep 30 2022	n/a	n/a	-AU$8m
Jun 30 2022	AU$622k	AU$435k	-AU$9m
Mar 31 2022	n/a	n/a	-AU$5m
Dec 31 2021	n/a	n/a	-AU$2m
Sep 30 2021	n/a	n/a	-AU$3m
Jun 30 2021	AU$476k	AU$336k	-AU$5m
Mar 31 2021	n/a	n/a	-AU$7m
Dec 31 2020	n/a	n/a	-AU$10m
Sep 30 2020	n/a	n/a	-AU$8m
Jun 30 2020	AU$735k	AU$333k	-AU$7m
Mar 31 2020	n/a	n/a	-AU$7m
Dec 31 2019	n/a	n/a	-AU$6m
Sep 30 2019	n/a	n/a	-AU$5m
Jun 30 2019	n/a	n/a	-AU$4m
Mar 31 2019	n/a	n/a	-AU$4m
Dec 31 2018	n/a	n/a	-AU$4m
Sep 30 2018	n/a	n/a	-AU$3m
Jun 30 2018	n/a	n/a	-AU$3m
Mar 31 2018	n/a	n/a	-AU$3m
Dec 31 2017	n/a	n/a	-AU$3m
Sep 30 2017	n/a	n/a	-AU$3m
Jun 30 2017	AU$272k	AU$181k	-AU$3m

Compensation vs Market: Kurt's total compensation ($USD673.13K) is above average for companies of similar size in the Australian market ($USD295.83K).

Compensation vs Earnings: Kurt's compensation has increased whilst the company is unprofitable.

CEO

Kurt Hansen

2.8yrs

Tenure

AU$1,053,925

Compensation

Mr. Kurt Hansen, Grad. Dip. Engg, serves as Chief Executive Officer of Tesserent Limited since 2021 and also serves as its Executive Director since December 12, 2019 and served as its Co-Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geoffrey Lord	Executive Chairman	3.8yrs	AU$350.45k	7.99% A$ 14.1m
Kurt Hansen	CEO, MD & Executive Director	2.8yrs	AU$1.05m	0.80% A$ 1.4m
James Jones	Group Chief Financial Officer	2.5yrs	AU$667.02k	no data
George Katavic	Managing Partner of Tesserent Federal	3.6yrs	AU$826.38k	0.59% A$ 1.0m
Craig Humphreys	Managing Partner of Tesserent Cloud	2.1yrs	AU$599.44k	1.51% A$ 2.7m
Paul Taylor	General Counsel & Company Secretary	1.3yrs	no data	no data
Samantha Riddle	Director of People & Culture	1.8yrs	no data	no data
Julian Challingsworth	Chairman of Tesserent Innovation	1.9yrs	AU$228.83k	0% A$ 0
Patrick Butler	Managing Partner of SOC	1.8yrs	AU$334.21k	no data
Duyen Tran	Managing Partner of Defend & Protect	less than a year	no data	no data
Scott Ceely	Chief Executive Officer of Seer Security	3.3yrs	no data	3.6% A$ 6.3m

1.9yrs

Average Tenure

Experienced Management: TNT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Geoffrey Lord	Executive Chairman	3.8yrs	AU$350.45k	7.99% A$ 14.1m
Kurt Hansen	CEO, MD & Executive Director	3.8yrs	AU$1.05m	0.80% A$ 1.4m
Gregory Baxter	Independent Non-Executive Director	7.9yrs	AU$175.23k	0.42% A$ 730.6k
Megan Haas	Independent Non-Executive Director	2.8yrs	AU$64.85k	0.021% A$ 36.6k
Tony Sheehan	Independent Non-Executive Director	less than a year	AU$8.90k	no data

3.8yrs

Average Tenure

Experienced Board: TNT's board of directors are considered experienced (3.8 years average tenure).

Tesserent Management

Management criteria checks 1/4

Key information

Recent management updates

CEO & MD recently sold AU$304k worth of stock

Tesserent Limited Appoints Tony Sheehan as Independent, Non-Executive Director of the Company Effective 27 January 2023

Tesserent Limited, Annual General Meeting, Nov 18, 2022

Tesserent Limited Appoints Paul Taylor as General Counsel and Company Secretary

CEO & Executive Director recently bought AU$55k worth of stock

Independent Non-Executive Director exercised options to buy AU$255k worth of stock.

Recent updates

Thales Australia Holdings Pty Ltd completed the acquisition of Tesserent Limited (ASX:TNT).

Tesserent Limited (ASX:TNT) agreed to acquire Beyond Binary for AUD 7 million.

Full year 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Financial data availability

CEO & MD recently sold AU$304k worth of stock

Thales Australia Holdings Pty Ltd entered into a binding Scheme Implementation Deed (SID) to acquire Tesserent Limited (ASX:TNT) for approximately AUD 180 million.

New major risk - Share price stability

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in 1H 2022)

Tesserent Limited Appoints Tony Sheehan as Independent, Non-Executive Director of the Company Effective 27 January 2023

Does Tesserent (ASX:TNT) Have A Healthy Balance Sheet?

Price target decreased to AU$0.22

Tesserent Limited, Annual General Meeting, Nov 18, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Tesserent Limited Provides Financial Guidance for the Fiscal Year 2023

Tesserent Limited Appoints Paul Taylor as General Counsel and Company Secretary

CEO & Executive Director recently bought AU$55k worth of stock

We Think Tesserent (ASX:TNT) Can Stay On Top Of Its Debt

Price target decreased to AU$0.28

Tesserent Limited (ASX:TNT) completed the acquisition of The Pearson Corporation Pty Ltd.

Independent Non-Executive Director exercised options to buy AU$255k worth of stock.

Tesserent Limited (ASX:TNT) agreed to acquire Claricent Pty Ltd for AUD 4.13 million.

Tesserent Limited (ASX:TNT) signed a Share Purchase Agreements to acquire Pearson Corporation Pty Ltd for an enterprise value of AUD 28.8 million.

Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.02 loss in FY 2020)

Tesserent Limited announced that it expects to receive AUD 25 million in funding

Full year 2021 earnings released: AU$0.005 loss per share (vs AU$0.02 loss in FY 2020)

Tesserent Limited (ASX:TNT) agreed to acquire Loop Secure Pty Ltd for AUD 13.5 million.

Tesserent Limited Revises Turnover Guidance for the Year 2021

Tesserent (ASX:TNT) Is Making Moderate Use Of Debt

Tesserent Limited (ASX:TNT) acquired Managed Security Services business of Secure Logic Pty Ltd for AUD 22.3 million.

Tesserent (ASX:TNT) Is Making Moderate Use Of Debt

First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.015 loss in 1H 2020)

New 90-day low: AU$0.28

Can You Imagine How Elated Tesserent's (ASX:TNT) Shareholders Feel About Its 415% Share Price Gain?

Tesserent Limited Announces Executive Changes

New 90-day high: AU$0.41

Is Tesserent Limited's (ASX:TNT) Shareholder Ownership Skewed Towards Insiders?

Tesserent Limited (ASX:TNT) entered into an agreement to acquire Lateral Security IT Services Limited for NZD 4.4 million.

Non-Executive Chairman exercised options to buy AU$3.6m worth of stock.

Don't Ignore The Fact That This Insider Just Sold Some Shares In Tesserent Limited (ASX:TNT)

New 90-day high: AU$0.41

Co-CEO, Co-MD & Executive Director recently sold AU$607k worth of stock

Tesserent Limited (ASX:TNT) completed the acquisition of iQ3 Pty Ltd.

Full year earnings released - AU$0.02 loss per share

New 90-day high: AU$0.33

Tesserent Limited Appoints Nathan Knox as Head of Synergies

Full year earnings released - AU$0.02 loss per share

Tesserent Limited (ASX:TNT) signed a share purchase agreement to acquire iQ3 Pty Ltd for 16 million.

Tesserent Limited (ASX:TNT) completed the acquisition of Airloom Holdings Pty Ltd.

Full year earnings released - AU$0.022 loss per share

Tesserent Limited (ASX:TNT) acquired Airloom for AUD 15 million.

New 90-day high - AU$0.23

Tesserent Limited (ASX:TNT) completed the acquisition of Seer Security.

New 90-day high - AU$0.21

Tesserent Limited (ASX:TNT) entered into a binding share purchase agreement to acquire Seer Security for AUD 15 million.

Tesserent Limited announced that it expects to receive AUD 10 million in funding from Pure Asset Management Pty Ltd

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure