Churchill Downs Management
Management criteria checks 3/4
Churchill Downs' CEO is Bill Carstanjen, appointed in Aug 2014, has a tenure of 9.67 years. total yearly compensation is $12.21M, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 2.03% of the company’s shares, worth R$988.18M. The average tenure of the management team and the board of directors is 2.8 years and 10.5 years respectively.
Key information
Bill Carstanjen
Chief executive officer
US$12.2m
Total compensation
| CEO salary percentage | 13.3% |
| CEO tenure | 9.7yrs |
| CEO ownership | 2.0% |
| Management average tenure | 2.8yrs |
| Board average tenure | 10.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$342m |
| Dec 31 2023 | US$12m | US$2m | US$417m |
| Sep 30 2023 | n/a | n/a | US$361m |
| Jun 30 2023 | n/a | n/a | US$357m |
| Mar 31 2023 | n/a | n/a | US$553m |
| Dec 31 2022 | US$12m | US$2m | US$439m |
| Sep 30 2022 | n/a | n/a | US$482m |
| Jun 30 2022 | n/a | n/a | US$486m |
| Mar 31 2022 | n/a | n/a | US$255m |
| Dec 31 2021 | US$14m | US$2m | US$249m |
| Sep 30 2021 | n/a | n/a | US$222m |
| Jun 30 2021 | n/a | n/a | US$204m |
| Mar 31 2021 | n/a | n/a | US$72m |
| Dec 31 2020 | US$10m | US$1m | US$14m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | -US$26m |
| Mar 31 2020 | n/a | n/a | US$106m |
| Dec 31 2019 | US$11m | US$1m | US$140m |
| Sep 30 2019 | n/a | n/a | US$143m |
| Jun 30 2019 | n/a | n/a | US$186m |
| Mar 31 2019 | n/a | n/a | US$180m |
| Dec 31 2018 | US$21m | US$1m | US$183m |
| Sep 30 2018 | n/a | n/a | US$210m |
| Jun 30 2018 | n/a | n/a | US$165m |
| Mar 31 2018 | n/a | n/a | US$134m |
| Dec 31 2017 | US$7m | US$1m | US$122m |
Compensation vs Market: Bill's total compensation ($USD12.21M) is above average for companies of similar size in the BR market ($USD2.66M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Carstanjen (55 yo)
9.7yrs
Tenure
US$12,211,634
Compensation
Mr. William C. Carstanjen, also known as Bill, is Chief Executive Officer and Director of Churchill Downs Incorporated from August 2014 and July 2015 respectively. He joined the Churchill Downs Incorporate...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.7yrs | US$12.21m | 2.03% $ 988.2m | |
| President & COO | 9.7yrs | US$6.14m | 0.85% $ 414.2m | |
| Executive VP & CFO | 8.5yrs | US$4.38m | 0.19% $ 91.6m | |
| Executive VP | 7.1yrs | US$2.70m | 0.030% $ 14.7m | |
| Executive Vice President of Gaming Operations | 2.2yrs | US$2.46m | 0.015% $ 7.4m | |
| VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP & CTO | 2.2yrs | no data | no data | |
| Director of Investor Relations | less than a year | no data | no data | |
| Senior Vice President of Corporate Development | 2.8yrs | no data | no data | |
| Senior VP of Human Resources | 1.8yrs | no data | no data | |
| Senior VP & President of Churchill Downs Racetrack | 3.3yrs | US$247.56k | no data | |
| Senior VP and President of TwinSpires & Online Gaming | 2.3yrs | no data | no data |
2.8yrs
Average Tenure
53.5yo
Average Age
Experienced Management: C2HD34's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.8yrs | US$12.21m | 2.03% $ 988.2m | |
| Independent Director | 6.8yrs | US$284.50k | 0% $ 0 | |
| Director Emeritus | no data | US$940.04k | no data | |
| Director Emeritus | 18.8yrs | no data | no data | |
| Director Emeritus | no data | US$41.59k | no data | |
| Independent Director | 24.3yrs | US$294.50k | 0% $ 0 | |
| Independent Director | 12.3yrs | US$263.75k | 0% $ 0 | |
| Independent Director | 26.3yrs | US$306.00k | 0.00049% $ 238.5k | |
| Independent Director | 4.2yrs | US$293.50k | 0.022% $ 10.6m | |
| Independent Chairman of the Board | 16.3yrs | US$394.00k | 0.062% $ 30.1m | |
| Independent Director | 1.3yrs | US$266.73k | 0.0017% $ 832.3k | |
| Independent Director | 6yrs | US$301.00k | 0.027% $ 13.2m |
10.5yrs
Average Tenure
67.5yo
Average Age
Experienced Board: C2HD34's board of directors are seasoned and experienced ( 10.5 years average tenure).