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Magnet Forensics Management

Management criteria checks 2/4

Key information

Adam Belsher

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	39.2%
CEO tenure	11.6yrs
CEO ownership	27.3%
Management average tenure	2yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

Capital Allocation Trends At Magnet Forensics (TSE:MAGT) Aren't Ideal

Jan 03

Magnet Forensics Inc. (TSE:MAGT) Shares Could Be 46% Below Their Intrinsic Value Estimate

Oct 30

Returns On Capital Are Showing Encouraging Signs At Magnet Forensics (TSE:MAGT)

Sep 21

Is There An Opportunity With Magnet Forensics Inc.'s (TSE:MAGT) 28% Undervaluation?

May 09

More Unpleasant Surprises Could Be In Store For Magnet Forensics Inc.'s (TSE:MAGT) Shares After Tumbling 25%

Jan 28

A Look At The Intrinsic Value Of Magnet Forensics Inc. (TSE:MAGT)

Jan 11

CEO Compensation Analysis

How has Adam Belsher's remuneration changed compared to Magnet Forensics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	US$4m
Sep 30 2022	n/a	n/a	US$263k
Jun 30 2022	n/a	n/a	US$1m
Mar 31 2022	n/a	n/a	US$4m
Dec 31 2021	US$1m	US$446k	US$7m

Compensation vs Market: Adam's total compensation ($USD1.14M) is below average for companies of similar size in the Canadian market ($USD2.24M).

Compensation vs Earnings: Insufficient data to compare Adam's compensation with company performance.

CEO

Adam Belsher (47 yo)

11.6yrs

Tenure

US$1,139,828

Compensation

Mr. Adam Brent Belsher joined the Magnet Forensics Inc. in 2011. He is Chief Executive Officer of Magnet Forensics Inc. and has been its Director since September 01, 2011. He has experience in the global t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Adam Belsher	CEO & Director	no data	US$1.14m	27.33% $ 498.3m
Jad Saliba	Founder	13.3yrs	US$1.13m	28.66% $ 522.6m
Angelo Loberto	Chief Operating Officer	no data	US$686.15k	2.45% $ 44.7m
Scott Williams	Chief Strategy Officer	4.9yrs	US$616.34k	0.0022% $ 40.8k
Craig McLennan	Chief Revenue Officer	2yrs	US$3.68m	0.027% $ 493.4k
Peter Vreeswyk	Chief Financial Officer	1.2yrs	no data	0.24% $ 4.4m
Matthieu Suiche	Director of Memory	1.3yrs	no data	no data
Vivian Leung	General Counsel	less than a year	no data	no data
Rosalynn Medaglia	Vice President of Marketing	4.6yrs	no data	no data
Joshua Hurwitz	Vice President of Corporate Development	1.9yrs	no data	0.0021% $ 38.1k
Jody Stecho	Vice President of Human Resources	3.3yrs	no data	no data
Geoff Maggillivray	Senior Vice President of Product & Engineering	1.3yrs	no data	0.19% $ 3.4m

2.0yrs

Average Tenure

46yo

Average Age

Experienced Management: MAGT's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Adam Belsher	CEO & Director	11.6yrs	US$1.14m	27.33% $ 498.3m
Jad Saliba	Founder	12.5yrs	US$1.13m	28.66% $ 522.6m
James Balsillie	Independent Chairman of the Board	8.8yrs	US$100.00k	15.04% $ 274.3m
Carol Leaman	Independent Director	2.3yrs	US$100.00k	0.014% $ 260.2k
Jerome Pickett	Independent Director	2.3yrs	US$100.00k	0.0049% $ 88.4k

8.8yrs

Average Tenure

47yo

Average Age

Experienced Board: MAGT's board of directors are considered experienced (8.8 years average tenure).

This company has been acquired

Magnet Forensics Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold CA$208k worth of stock

Chief Revenue Officer exercised options to buy CA$285k worth of stock.

Magnet Forensics Inc., Annual General Meeting, Jun 15, 2022

Insider recently sold CA$280k worth of stock

Magnet Forensics Announces Appointment of Ben Schommer as Chief Information Security Officer

CEO & Director recently sold CA$27m worth of stock

Recent updates

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Nellore Continues to Acquire Shares of Magnet Forensics

Nellore Capital Opposes Thoma Bravo's Proposed Acquisition of Magnet Forensics

Capital Allocation Trends At Magnet Forensics (TSE:MAGT) Aren't Ideal

Insider recently sold CA$208k worth of stock

Consensus EPS estimates increase by 54%

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Magnet Forensics Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Magnet Forensics Inc. (TSE:MAGT) Shares Could Be 46% Below Their Intrinsic Value Estimate

Magnet Forensics Inc. to Report Q3, 2022 Results on Nov 09, 2022

Returns On Capital Are Showing Encouraging Signs At Magnet Forensics (TSE:MAGT)

Chief Revenue Officer exercised options to buy CA$285k worth of stock.

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Magnet Forensics Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Magnet Forensics Inc. to Report Q2, 2022 Results on Aug 10, 2022

Consensus forecasts updated

Is There An Opportunity With Magnet Forensics Inc.'s (TSE:MAGT) 28% Undervaluation?

First quarter 2022 earnings: EPS misses analyst expectations

Magnet Forensics Inc. Provides Revenue Guidance for the Year Ending December 31, 2022

Magnet Forensics Inc. to Report Q1, 2022 Results on May 05, 2022

Magnet Forensics Previews New and Upcoming Product Updates to Magnet Digital Investigation Suite at Magnet Summit 2022

Magnet Forensics Launches Magnet Ignite to Help Enterprises Better Identify and Assess Cyber Threats with Rapid, Remote Triage

Magnet Forensics Inc., Annual General Meeting, Jun 15, 2022

Insider recently sold CA$280k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued after recent price drop

Magnet Forensics Inc. to Report Q4, 2021 Results on Mar 10, 2022

Now 20% undervalued after recent price drop

Magnet Forensics Introduces Magnet Automate Enterprise

Magnet Forensics Announces Appointment of Ben Schommer as Chief Information Security Officer

More Unpleasant Surprises Could Be In Store For Magnet Forensics Inc.'s (TSE:MAGT) Shares After Tumbling 25%

Now 21% undervalued after recent price drop

A Look At The Intrinsic Value Of Magnet Forensics Inc. (TSE:MAGT)

Investor sentiment deteriorated over the past week

CEO & Director recently sold CA$27m worth of stock

CEO & Director recently sold CA$27m worth of stock

Magnet Forensics Inc. has completed a Follow-on Equity Offering in the amount of CAD 74.441464 million.

Vice President of Sales – Americas recently sold CA$585k worth of stock

Insider recently sold CA$102k worth of stock

Vice President of Sales – Americas exercised options and sold CA$1.8m worth of stock

Vice President of Sales – Asia Pacific recently sold CA$625k worth of stock

Magnet Forensics Inc. (TSX:MAGT) acquired DME Forensics Inc. $9 million.

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Magnet Forensics Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2021

Investor sentiment improved over the past week

Magnet Forensics Inc. Provides Earnings Guidance for the Year Ending December 31, 2021

Independent Director recently bought CA$100k worth of stock

Magnet Forensics Inc. has completed an IPO in the amount of CAD 100.13 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age