Razor Energy Management

Management criteria checks 2/4

Razor Energy's CEO is Doug Bailey, appointed in Jan 2017, has a tenure of 7.25 years. total yearly compensation is CA$440.87K, comprised of 62.4% salary and 37.6% bonuses, including company stock and options. directly owns 4.77% of the company’s shares, worth CA$235.43K. The average tenure of the management team and the board of directors is 7.2 years and 7.2 years respectively.

Key information

Doug Bailey

Chief executive officer

CA$440.9k

Total compensation

CEO salary percentage	62.4%
CEO tenure	7.3yrs
CEO ownership	4.8%
Management average tenure	7.2yrs
Board average tenure	7.2yrs

Recent management updates

We Think The Compensation For Razor Energy Corp.'s (CVE:RZE) CEO Looks About Right

Sep 16

Recent updates

Does Razor Energy (CVE:RZE) Have A Healthy Balance Sheet?

Sep 27

We Believe Razor Energy's (CVE:RZE) Earnings Are A Poor Guide For Its Profitability

Dec 01

We Think The Compensation For Razor Energy Corp.'s (CVE:RZE) CEO Looks About Right

Sep 16

CEO Compensation Analysis

How has Doug Bailey's remuneration changed compared to Razor Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	CA$34m
Jun 30 2023	n/a	n/a	CA$29m
Mar 31 2023	n/a	n/a	-CA$30m
Dec 31 2022	CA$441k	CA$275k	-CA$23m
Sep 30 2022	n/a	n/a	CA$7m
Jun 30 2022	n/a	n/a	CA$26m
Mar 31 2022	n/a	n/a	CA$23m
Dec 31 2021	CA$281k	CA$230k	CA$18m
Sep 30 2021	n/a	n/a	-CA$8m
Jun 30 2021	n/a	n/a	-CA$19m
Mar 31 2021	n/a	n/a	-CA$18m
Dec 31 2020	CA$285k	CA$230k	-CA$46m
Sep 30 2020	n/a	n/a	-CA$52m
Jun 30 2020	n/a	n/a	-CA$56m
Mar 31 2020	n/a	n/a	-CA$54m
Dec 31 2019	CA$294k	CA$230k	-CA$30m
Sep 30 2019	n/a	n/a	-CA$14m
Jun 30 2019	n/a	n/a	-CA$10m
Mar 31 2019	n/a	n/a	-CA$6m
Dec 31 2018	CA$428k	CA$230k	CA$4m
Sep 30 2018	n/a	n/a	CA$3m
Jun 30 2018	n/a	n/a	CA$3m
Mar 31 2018	n/a	n/a	-CA$2m
Dec 31 2017	CA$349k	CA$211k	-CA$4m

Compensation vs Market: Doug's total compensation ($USD322.58K) is above average for companies of similar size in the Canadian market ($USD175.10K).

Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.

CEO

Doug Bailey (50 yo)

7.3yrs

Tenure

CA$440,872

Compensation

Mr. Douglas Bailey, also known as Doug, serves as Executive Director of FutEra Power Corporation. He has been the Chief Executive Officer and President of Razor Energy Corp. since January 2017. Mr. Bailey...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Douglas Bailey	President	7.3yrs	CA$440.87k	4.77% CA$ 235.4k
Frank Muller	Founder & Director	no data	CA$148.15k	5.06% CA$ 249.8k
Kevin Braun	Chief Financial Officer	7.2yrs	CA$330.01k	1.06% CA$ 52.2k
Michael Blair	Chief Operating Officer	1.9yrs	no data	0.076% CA$ 3.7k

7.2yrs

Average Tenure

52yo

Average Age

Experienced Management: RZE.H's management team is seasoned and experienced (7.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Douglas Bailey	President	7.2yrs	CA$440.87k	4.77% CA$ 235.4k
Frank Muller	Founder & Director	7.2yrs	CA$148.15k	5.06% CA$ 249.8k
Shahin Mottahed	Independent Director	7.2yrs	CA$55.32k	no data
Sean Phelan	Independent Director	3.5yrs	CA$65.00k	0.12% CA$ 5.8k

7.2yrs

Average Tenure

Experienced Board: RZE.H's board of directors are considered experienced (7.2 years average tenure).

Razor Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Razor Energy Corp., Annual General Meeting, Dec 14, 2023

Founder & Director recently sold CA$225k worth of stock

Founder & Director recently sold CA$137k worth of stock

We Think The Compensation For Razor Energy Corp.'s (CVE:RZE) CEO Looks About Right

Razor Energy Corp., Annual General Meeting, Sep 22, 2022

Recent updates

Razor Energy Corp. Ceases Processing Razor’s Swan Hills Natural Gas Production

Third quarter 2023 earnings released: CA$0.12 loss per share (vs CA$0.35 loss in 3Q 2022)

New major risk - Market cap size

Insufficient new directors

Razor Energy Corp., Annual General Meeting, Dec 14, 2023

Does Razor Energy (CVE:RZE) Have A Healthy Balance Sheet?

New minor risk - Financial position

Razor Energy Corp. has completed a Composite Units Offering.

Razor Energy Corp. Provides Alberta Wildfire Update and Production Impact

Now 25% undervalued after recent price drop

Investor sentiment improves as stock rises 26%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

We Believe Razor Energy's (CVE:RZE) Earnings Are A Poor Guide For Its Profitability

Third quarter 2022 earnings released: CA$0.35 loss per share (vs CA$0.46 profit in 3Q 2021)

Founder & Director recently sold CA$225k worth of stock

Founder & Director recently sold CA$137k worth of stock

Investor sentiment improved over the past week

We Think The Compensation For Razor Energy Corp.'s (CVE:RZE) CEO Looks About Right

Second quarter 2022 earnings released: CA$0.09 loss per share (vs CA$0.26 loss in 2Q 2021)

Investor sentiment improved over the past week

Razor Energy Corp., Annual General Meeting, Sep 22, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings released: CA$0.03 loss per share (vs CA$0.27 loss in 1Q 2021)

Razor Energy Corp. Announces Executive Changes

President exercised options to buy CA$119k worth of stock.

Razor Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 4.999999 million.

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS: CA$0.82 (vs CA$2.19 loss in FY 2020)

Insider recently sold CA$68k worth of stock

Insider recently sold CA$68k worth of stock

Insider recently sold CA$67k worth of stock

Razor Energy Corp. Announces 2021 Year-End Reserves and Operational Outlook

Razor Energy Corp. Announces 2021 Year-End Reserves and Operational Outlook

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Razor Energy Corp. Provides Production Guidance for the Full Year 2021

Second quarter 2021 earnings released: CA$0.26 loss per share (vs CA$0.19 loss in 2Q 2020)

Razor Energy Corp. (TSXV:RZE) completed the acquisition of certain non-operated working interest assets in Swan Hills.

Razor Energy Corp. (TSXV:RZE) entered into a definitive agreement to acquire certain non-operated working interest assets in Swan Hills for CAD 5 million.

First quarter 2021 earnings released: CA$0.27 loss per share (vs CA$1.63 loss in 1Q 2020)

FutEra Power Corp., A Subsidiary of Razor Energy Corp. Announces It Is Entering the Project Execution Stage of Its Co-Produced Geothermal Power Project in Swan Hills, Alberta

Full year 2020 earnings released: CA$2.19 loss per share (vs CA$1.75 loss in FY 2019)

Third quarter 2020 earnings released: CA$0.087 loss per share

New 90-day high: CA$0.24

Razor Energy Corp. Announces Executive Changes

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure