KWESST Micro Systems Management

Management criteria checks 1/4

KWESST Micro Systems' CEO is Sean Homuth, appointed in Nov 2023, has a tenure of less than a year. total yearly compensation is CA$352.77K, comprised of 99.4% salary and 0.6% bonuses, including company stock and options. directly owns 0.063% of the company’s shares, worth CA$1.31K. The average tenure of the management team and the board of directors is 1 years and 2.5 years respectively.

Key information

Sean Homuth

Chief executive officer

CA$352.8k

Total compensation

CEO salary percentage	99.4%
CEO tenure	less than a year
CEO ownership	0.06%
Management average tenure	less than a year
Board average tenure	2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sean Homuth's remuneration changed compared to KWESST Micro Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CA$8m
Mar 31 2024	n/a	n/a	-CA$10m
Dec 31 2023	n/a	n/a	-CA$7m
Sep 30 2023	CA$447k	CA$92k	-CA$9m

Compensation vs Market: Sean's total compensation ($USD252.55K) is above average for companies of similar size in the Canadian market ($USD169.37K).

Compensation vs Earnings: Sean's compensation has been consistent with company performance over the past year.

CEO

Sean Homuth (46 yo)

less than a year

Tenure

CA$352,769

Compensation

Mr. Sean Homuth, B.Comm., CA, CPA, served as Chief Financial Officer & Chief Compliance Officer of KWESST Micro Systems Inc. since June 12, 2023 until November 27, 2023 & serves as its President & CEO sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Luxton	Executive Chairman	5.1yrs	CA$360.00k	0.64% CA$ 13.2k
Sean Homuth	President	less than a year	CA$352.77k	0.063% CA$ 1.3k
Kristopher Denis	Interim CFO & Chief Compliance Officer	less than a year	CA$170.31k	0.065% CA$ 1.3k
Harry Webster	Chief Operating Officer	less than a year	CA$278.96k	0.092% CA$ 1.9k

1.0yrs

Average Tenure

46.5yo

Average Age

Experienced Management: KWE's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Luxton	Executive Chairman	5.1yrs	CA$360.00k	0.64% CA$ 13.2k
Sean Homuth	President	less than a year	CA$352.77k	0.063% CA$ 1.3k
Paul Mangano	Independent Director	4.2yrs	CA$48.61k	0.029% CA$ 603.8
Rick Hillier	Director	less than a year	CA$98.39k	0% CA$ 0
Jennifer Welsh	Independent Director	less than a year	CA$4.92k	no data
Paul Fortin	Independent Director	4.2yrs	CA$40.00k	0.00063% CA$ 13.0

2.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: KWE's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

KWESST Micro Systems Management

Management criteria checks 1/4

Key information

Recent management updates

KWESST Micro Systems Inc., Annual General Meeting, Jun 28, 2024

KWESST Micro Systems Inc. Appoints General (Retired) Rick Hillier to Its Baord

KWESST Micro Systems Inc Announces Executive Changes

KWESST Micro Systems Inc. Announces the Retirement of Jeff Macleod as CEO, Effective October 31, 2023

Insufficient new directors

Kwesst Micro Systems Inc. Appoints Sean Homuth as Chief Financial Officer

Recent updates

KWESST Micro Systems Inc. announced that it has received CAD 3.415645 million in funding

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $3.496291 million.

KWESST Micro Systems Inc. Announces Completion of Volume Production Ramp-Up for Arwen Cartridges Through Outsourcing with Ammunition

Third quarter 2024 earnings released: CA$0.13 loss per share (vs CA$0.81 loss in 3Q 2023)

KWESST Micro Systems Inc. has withdrawn its Follow-on Equity Offering.

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering in the amount of $0.943 million.

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering in the amount of $1.682 million.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

KWESST Micro Systems Inc. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Second quarter 2024 earnings released: CA$0.61 loss per share (vs CA$0.29 loss in 2Q 2023)

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

KWESST Micro Systems Inc., Annual General Meeting, Jun 28, 2024

New major risk - Shareholder dilution

KWESST Micro Systems Inc. has completed a Follow-on Equity Offering.

KWESST Micro Systems Inc. has filed a Follow-on Equity Offering.

New major risk - Share price stability

Full year 2023 earnings: EPS and revenues exceed analyst expectations

KWESST Micro Systems Inc. Announces Non-Lethal PARA OPS and Arwen Products to Purchase On-Line

KWESST Micro Systems Inc. Appoints General (Retired) Rick Hillier to Its Baord

KWESST Micro Systems Inc Announces Executive Changes

KWESST Micro Systems Inc. Announces the Retirement of Jeff Macleod as CEO, Effective October 31, 2023

KWESST Micro Systems Inc. Develops Patent-Pending SaaS Product for Public Safety Agencies

Insufficient new directors

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

KWESST Micro Systems Inc. Files Patent for Next-Generation Laser Detection, Makes Core Module Available To OEMs

KWESST Micro Systems Inc. announced that it has received CAD 7.36784 million in funding

New major risk - Market cap size

Kwesst Micro Systems Inc. Appoints Sean Homuth as Chief Financial Officer

Second quarter 2023 earnings released: CA$0.29 loss per share (vs CA$3.22 loss in 2Q 2022)

Full year 2022 earnings: EPS and revenues miss analyst expectations

KWESST Micro Systems Inc., Annual General Meeting, Mar 31, 2023

KWESST Micro Systems Inc. has completed an IPO in the amount of $24.184845 million.

KWESST Micro Systems Inc. has completed a Composite Units Offering.

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

KWESST Micro Systems Inc. announced that it has received CAD 0.344 million in funding

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

KWESST Micro Systems Inc. Announces Executive Changes

Price target decreased to CA$3.66

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Executive Chairman exercised options to buy CA$67k worth of stock.

KWESST Micro Systems Inc. (TSXV:KWE) completed the acquisition of Police Ordnance Company Inc. from Carson Corporation, 2249817 Ontario Limited, Greg Sullivan, Glen Turpin, Mark Minicola, Justin Myers, John McNeil and Bryan Berkman.

KWESST Micro Systems Inc. (TSXV:KWE) agreed to acquire Police Ordnance Company Inc.

Full year 2021 earnings: Revenues miss analyst expectations

High number of new and inexperienced directors

KWESST Micro Systems Inc. announced that it has received CAD 4.420071 million in funding

KWESST Micro Systems Inc. announced that it expects to receive CAD 2.5 million in funding

Elisabeth Preston Joins KWESST MICRO SYSTEMS Inc.'s Board of Directors

New 90-day high: CA$1.94

New 90-day high: CA$1.35

New 90-day high: CA$1.02

KWESST Electronic Decoy Patent Receives Notice of Allowance from U.S. Patent Office

KWESST Micro Systems Inc. Completes First Phase of Contract Delivery For TASCS to U.S. Military Customer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age