Mattr Management
Management criteria checks 2/4
Mattr's CEO is Mike Reeves, appointed in Mar 2021, has a tenure of 3.08 years. total yearly compensation is CA$4.74M, comprised of 18.1% salary and 81.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth CA$1.73M. The average tenure of the management team and the board of directors is 3.8 years and 2.9 years respectively.
Key information
Mike Reeves
Chief executive officer
CA$4.7m
Total compensation
| CEO salary percentage | 18.1% |
| CEO tenure | 3.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.8yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Investors Can Find Comfort In Mattr's (TSE:MATR) Earnings Quality
Mar 22
Estimating The Intrinsic Value Of Shawcor Ltd. (TSE:MATR)
Sep 22We Think Shawcor (TSE:MATR) Can Stay On Top Of Its Debt
Jun 22Estimating The Intrinsic Value Of Shawcor Ltd. (TSE:SCL)
May 13Is Shawcor (TSE:SCL) Using Too Much Debt?
Feb 08Is Shawcor (TSE:SCL) Using Too Much Debt?
Jun 16Does Shawcor (TSE:SCL) Have A Healthy Balance Sheet?
Sep 28We Think That There Are Some Issues For Shawcor (TSE:SCL) Beyond Its Promising Earnings
Aug 17Shawcor (TSE:SCL) Is Making Moderate Use Of Debt
Jun 11We Discuss Why Shawcor Ltd.'s (TSE:SCL) CEO Compensation May Be Closely Reviewed
May 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$5m | CA$858k | CA$56m |
| Sep 30 2023 | n/a | n/a | -CA$57m |
| Jun 30 2023 | n/a | n/a | -CA$46m |
| Mar 31 2023 | n/a | n/a | CA$2m |
| Dec 31 2022 | CA$4m | CA$747k | CA$94m |
| Sep 30 2022 | n/a | n/a | CA$22m |
| Jun 30 2022 | n/a | n/a | -CA$15m |
| Mar 31 2022 | n/a | n/a | -CA$71m |
| Dec 31 2021 | CA$4m | CA$606k | -CA$79m |
Compensation vs Market: Mike's total compensation ($USD3.45M) is above average for companies of similar size in the Canadian market ($USD1.77M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Reeves (51 yo)
3.1yrs
Tenure
CA$4,739,856
Compensation
Mr. Michael E. Reeves, also known as Mike, has been President of Mattr Corp. (formerly known as Shawcor Ltd.) since March 3, 2021 and serves as its Chief Executive Officer and Director since June 01, 2021....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | CA$4.74m | 0.15% CA$ 1.7m | |
| Senior VP of Finance & CFO | 1.8yrs | CA$2.14m | 0.031% CA$ 346.6k | |
| Senior VP of Legal & General Counsel | 5.4yrs | CA$1.15m | 0.014% CA$ 160.7k | |
| Group President of Connection Technologies | 7.9yrs | CA$1.14m | 0.075% CA$ 845.0k | |
| Group President of Composite Technologies | 3.3yrs | CA$1.36m | 0.016% CA$ 173.9k | |
| VP of Legal & Chief Compliance Officer | no data | no data | no data | |
| Vice President of External Communication & ESG | no data | no data | 0.00095% CA$ 10.6k | |
| Senior VP | 4.3yrs | no data | 0.016% CA$ 178.1k | |
| VP of Legal & Corporate Secretary | no data | no data | no data |
3.8yrs
Average Tenure
Experienced Management: MATR's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | CA$4.74m | 0.15% CA$ 1.7m | |
| Independent Director | 3.8yrs | CA$214.00k | 0.13% CA$ 1.5m | |
| Independent Chair | 2.9yrs | CA$223.30k | 0.0060% CA$ 67.5k | |
| Independent Director | less than a year | CA$120.70k | 0.0030% CA$ 33.7k | |
| Independent Director | 4.3yrs | CA$203.50k | 0.023% CA$ 259.8k | |
| Independent Director | 12.9yrs | CA$325.21k | 0.068% CA$ 759.2k | |
| Independent Director | 1.9yrs | CA$197.00k | 0.0085% CA$ 95.5k |
2.9yrs
Average Tenure
64yo
Average Age
Experienced Board: MATR's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.