Summa Silver Management
Management criteria checks 3/4
Summa Silver's CEO is Galen McNamara, appointed in May 2020, has a tenure of 4.5 years. total yearly compensation is CA$400.00K, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 2.1% of the company’s shares, worth CA$702.56K. The average tenure of the management team and the board of directors is 4 years and 4.7 years respectively.
Key information
Galen McNamara
Chief executive officer
CA$400.0k
Total compensation
| CEO salary percentage | 75.0% |
| CEO tenure | 4.5yrs |
| CEO ownership | 2.1% |
| Management average tenure | 4yrs |
| Board average tenure | 4.7yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| May 31 2024 | n/a | n/a | -CA$3m |
| Feb 29 2024 | n/a | n/a | -CA$3m |
| Nov 30 2023 | n/a | n/a | -CA$3m |
| Aug 31 2023 | CA$400k | CA$300k | -CA$3m |
| May 31 2023 | n/a | n/a | -CA$3m |
| Feb 28 2023 | n/a | n/a | -CA$3m |
| Nov 30 2022 | n/a | n/a | -CA$4m |
| Aug 31 2022 | CA$450k | CA$300k | -CA$4m |
| May 31 2022 | n/a | n/a | -CA$4m |
| Feb 28 2022 | n/a | n/a | -CA$4m |
| Nov 30 2021 | n/a | n/a | -CA$4m |
| Aug 31 2021 | CA$312k | CA$240k | -CA$5m |
| May 31 2021 | n/a | n/a | -CA$6m |
| Feb 28 2021 | n/a | n/a | -CA$4m |
| Nov 30 2020 | n/a | n/a | -CA$3m |
| Aug 31 2020 | CA$73k | CA$73k | -CA$1m |
Compensation vs Market: Galen's total compensation ($USD286.17K) is above average for companies of similar size in the Canadian market ($USD169.25K).
Compensation vs Earnings: Galen's compensation has been consistent with company performance over the past year.
CEO
Galen McNamara (39 yo)
4.5yrs
Tenure
CA$400,000
Compensation
Mr. Galen Stuart McNamara, P.Geo. M.Sc. (Laurentian), B.Sc. (Laurentian), has been a Director at Sanu Gold Corp. since October 21, 2021. He served as Lead Technical Advisor at Kraken Energy Corp until 2023...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | CA$400.00k | 2.1% CA$ 702.6k | |
| CFO & Director | 4.7yrs | CA$92.50k | 1.11% CA$ 371.2k | |
| Investor Relations & Corporate Development Manager | 2.4yrs | no data | no data | |
| Vice President of Exploration | 3.5yrs | no data | no data | |
| Senior Geologist | no data | no data | no data |
4.0yrs
Average Tenure
Experienced Management: SSVR's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | CA$400.00k | 2.1% CA$ 702.6k | |
| CFO & Director | 4.7yrs | CA$92.50k | 1.11% CA$ 371.2k | |
| Independent Director | 5.2yrs | CA$18.00k | 0.21% CA$ 68.7k | |
| Independent Director | 6.7yrs | CA$18.00k | 1.41% CA$ 470.6k | |
| Independent Director | 4.3yrs | CA$18.00k | 0.10% CA$ 34.4k |
4.7yrs
Average Tenure
45yo
Average Age
Experienced Board: SSVR's board of directors are considered experienced (4.7 years average tenure).