Maritime Resources Management
Management criteria checks 2/4
Maritime Resources' CEO is Garett Macdonald, appointed in Feb 2019, has a tenure of 5.33 years. total yearly compensation is CA$350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth CA$198.01K. The average tenure of the management team and the board of directors is 5.3 years and 2.9 years respectively.
Key information
Garett Macdonald
Chief executive officer
CA$350.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 5.3yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Is Maritime Resources (CVE:MAE) Using Too Much Debt?
Jun 11
An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued
Mar 03Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?
Apr 12Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?
Nov 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -CA$4m |
| Dec 31 2023 | n/a | n/a | -CA$3m |
| Sep 30 2023 | n/a | n/a | -CA$2m |
| Jun 30 2023 | n/a | n/a | -CA$2m |
| Mar 31 2023 | n/a | n/a | -CA$2m |
| Dec 31 2022 | CA$350k | CA$350k | -CA$2m |
| Sep 30 2022 | n/a | n/a | -CA$2m |
| Jun 30 2022 | n/a | n/a | -CA$2m |
| Mar 31 2022 | n/a | n/a | -CA$2m |
| Dec 31 2021 | CA$375k | CA$325k | -CA$2m |
| Sep 30 2021 | n/a | n/a | -CA$1m |
| Jun 30 2021 | n/a | n/a | -CA$1m |
| Mar 31 2021 | n/a | n/a | -CA$1m |
| Dec 31 2020 | CA$300k | CA$300k | -CA$1m |
| Sep 30 2020 | n/a | n/a | -CA$2m |
| Jun 30 2020 | n/a | n/a | -CA$1m |
| Mar 31 2020 | n/a | n/a | -CA$1m |
| Dec 31 2019 | CA$275k | CA$275k | -CA$2m |
Compensation vs Market: Garett's total compensation ($USD254.86K) is above average for companies of similar size in the Canadian market ($USD177.04K).
Compensation vs Earnings: Garett's compensation has been consistent with company performance over the past year.
CEO
Garett Macdonald (52 yo)
5.3yrs
Tenure
CA$350,000
Compensation
Mr. Garett Macdonald, MBA, B.E., BASc., P.Eng., has been the President and Chief Executive Officer of Maritime Resources Corp., since February 1, 2019. He served as Director of Electra Battery Materials Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | CA$350.00k | 0.55% CA$ 198.0k | |
| VP of Finance | 5.3yrs | CA$200.00k | 0.085% CA$ 30.4k | |
| Vice President of Environment & Sustainability | 3.8yrs | CA$200.00k | 0.086% CA$ 30.7k | |
| Operations Manager | 1.4yrs | no data | no data | |
| Head of Investor Relations | 4yrs | no data | no data | |
| Advisor | no data | CA$65.00k | no data | |
| Advisor | no data | no data | no data |
5.3yrs
Average Tenure
66yo
Average Age
Experienced Management: MAE's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.7yrs | CA$350.00k | 0.55% CA$ 198.0k | |
| Director | less than a year | no data | no data | |
| Independent Director | 2.9yrs | CA$25.00k | 0.10% CA$ 36.0k | |
| Independent Director | 2.9yrs | CA$20.00k | no data | |
| Independent Chair of the Board | 5.7yrs | CA$25.00k | 0.21% CA$ 74.0k | |
| Director | less than a year | no data | 0.034% CA$ 12.0k |
2.9yrs
Average Tenure
61.5yo
Average Age
Experienced Board: MAE's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.