Maritime Resources Corp.

TSXV:MAE Stock Report

Market Cap: CA$47.8m

Maritime Resources Management

Management criteria checks 3/4

Maritime Resources' CEO is Garett Macdonald, appointed in Feb 2019, has a tenure of 5.75 years. total yearly compensation is CA$350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth CA$259.60K. The average tenure of the management team and the board of directors is 5.8 years and 3.3 years respectively.

Key information

Garett Macdonald

Chief executive officer

CA$350.0k

Total compensation

CEO salary percentage100.0%
CEO tenure5.8yrs
CEO ownership0.5%
Management average tenure5.8yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

Is Maritime Resources (CVE:MAE) Using Too Much Debt?

Jun 11
Is Maritime Resources (CVE:MAE) Using Too Much Debt?

An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued

Mar 03
An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued

Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?

Apr 12
Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?

Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?

Nov 30
Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?

CEO Compensation Analysis

How has Garett Macdonald's remuneration changed compared to Maritime Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$6m

Jun 30 2024n/an/a

-CA$5m

Mar 31 2024n/an/a

-CA$4m

Dec 31 2023CA$350kCA$350k

-CA$3m

Sep 30 2023n/an/a

-CA$2m

Jun 30 2023n/an/a

-CA$2m

Mar 31 2023n/an/a

-CA$2m

Dec 31 2022CA$350kCA$350k

-CA$2m

Sep 30 2022n/an/a

-CA$2m

Jun 30 2022n/an/a

-CA$2m

Mar 31 2022n/an/a

-CA$2m

Dec 31 2021CA$375kCA$325k

-CA$2m

Sep 30 2021n/an/a

-CA$1m

Jun 30 2021n/an/a

-CA$1m

Mar 31 2021n/an/a

-CA$1m

Dec 31 2020CA$300kCA$300k

-CA$1m

Sep 30 2020n/an/a

-CA$2m

Jun 30 2020n/an/a

-CA$1m

Mar 31 2020n/an/a

-CA$1m

Dec 31 2019CA$275kCA$275k

-CA$2m

Compensation vs Market: Garett's total compensation ($USD250.40K) is above average for companies of similar size in the Canadian market ($USD169.13K).

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

CEO

Garett Macdonald (52 yo)

5.8yrs

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

NamePositionTenureCompensationOwnership
Garett Macdonald
President5.8yrsCA$350.00k0.54%
CA$ 259.6k
Germaine Coombs
VP of Finance5.8yrsCA$200.00k0.085%
CA$ 40.6k
Perry Blanchard
Vice President of Environment & Sustainability4.2yrsCA$200.00k0.061%
CA$ 29.4k
Tania Shaw
Head of Investor Relations4.4yrsno datano data
Allan Williams
Advisorno dataCA$65.00kno data
David McCue
Advisorno datano datano data

5.8yrs

Average Tenure

66yo

Average Age

Experienced Management: MAE's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Garett Macdonald
President6.1yrsCA$350.00k0.54%
CA$ 259.6k
Allen Palmiere
Independent Chairman of the Boardless than a yearCA$1.67kno data
Tom Yip
Independent Director3.3yrsCA$25.00k0.10%
CA$ 48.0k
Nicholas Nikolakakis
Independent Director3.3yrsCA$20.00kno data
John Hayes
Independent Director6.1yrsCA$25.00k0.21%
CA$ 99.0k
Matthew Goodman
Independent Directorless than a yearCA$1.67k0.034%
CA$ 16.0k

3.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: MAE's board of directors are considered experienced (3.3 years average tenure).