Mattr Corp.'s (TSE:MATR) CEO Will Probably Have Their Compensation Approved By Shareholders

Key Insights

• Mattr will host its Annual General Meeting on 15th of May
• Salary of CA$858.4k is part of CEO Mike Reeves's total remuneration
• Total compensation is similar to the industry average
• Over the past three years, Mattr's EPS grew by 60% and over the past three years, the total shareholder return was 183%

The performance at Mattr Corp. (TSE:MATR) has been quite strong recently and CEO Mike Reeves has played a role in it. The pleasing results would be something shareholders would keep in mind at the upcoming AGM on 15th of May. It is likely that the focus will be on company strategy going forward as shareholders hear from the board and cast their votes on resolutions such as executive remuneration and other matters. Here is our take on why we think CEO compensation is not extravagant.

View our latest analysis for Mattr

How Does Total Compensation For Mike Reeves Compare With Other Companies In The Industry?

At the time of writing, our data shows that Mattr Corp. has a market capitalization of CA$1.1b, and reported total annual CEO compensation of CA$4.7m for the year to December 2023. We note that's an increase of 17% above last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at CA$858k.

In comparison with other companies in the Canadian Energy Services industry with market capitalizations ranging from CA$549m to CA$2.2b, the reported median CEO total compensation was CA$4.5m. This suggests that Mattr remunerates its CEO largely in line with the industry average. Furthermore, Mike Reeves directly owns CA$1.7m worth of shares in the company.

Component	2023	2022	Proportion (2023)
Salary	CA$858k	CA$747k	18%
Other	CA$3.9m	CA$3.3m	82%
Total Compensation	CA$4.7m	CA$4.1m	100%

Talking in terms of the industry, salary represented approximately 23% of total compensation out of all the companies we analyzed, while other remuneration made up 77% of the pie. It's interesting to note that Mattr allocates a smaller portion of compensation to salary in comparison to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Mattr Corp.'s Growth Numbers

Over the past three years, Mattr Corp. has seen its earnings per share (EPS) grow by 60% per year. In the last year, its revenue is up 7.4%.

Shareholders would be glad to know that the company has improved itself over the last few years. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.

Has Mattr Corp. Been A Good Investment?

We think that the total shareholder return of 183%, over three years, would leave most Mattr Corp. shareholders smiling. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

In Summary...

Given the company's decent performance, the CEO remuneration policy might not be shareholders' central point of focus in the AGM. However, investors will get the chance to engage on key strategic initiatives and future growth opportunities for the company and set their longer-term expectations.

CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. That's why we did some digging and identified 2 warning signs for Mattr that you should be aware of before investing.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.