TrustBIX Management

Management criteria checks 2/4

TrustBIX's CEO is Hubert Lau, appointed in Apr 2019, has a tenure of 5.08 years. total yearly compensation is CA$200.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.98% of the company’s shares, worth CA$11.63K. The average tenure of the management team and the board of directors is 3.1 years and 2 years respectively.

Key information

Hubert Lau

Chief executive officer

CA$200.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	5.1yrs
CEO ownership	1.0%
Management average tenure	3.1yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hubert Lau's remuneration changed compared to TrustBIX's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$3m
Sep 30 2023	CA$200k	CA$200k	-CA$3m
Jun 30 2023	n/a	n/a	-CA$3m
Mar 31 2023	n/a	n/a	-CA$4m
Dec 31 2022	n/a	n/a	-CA$4m
Sep 30 2022	CA$169k	CA$169k	-CA$4m
Jun 30 2022	n/a	n/a	-CA$3m
Mar 31 2022	n/a	n/a	-CA$3m
Dec 31 2021	n/a	n/a	-CA$2m
Sep 30 2021	CA$144k	CA$144k	-CA$2m
Jun 30 2021	n/a	n/a	-CA$2m
Mar 31 2021	n/a	n/a	-CA$2m
Dec 31 2020	n/a	n/a	-CA$2m
Sep 30 2020	CA$202k	CA$202k	-CA$2m
Jun 30 2020	n/a	n/a	-CA$3m
Mar 31 2020	n/a	n/a	-CA$3m
Dec 31 2019	n/a	n/a	-CA$3m
Sep 30 2019	CA$200k	CA$200k	-CA$3m
Jun 30 2019	n/a	n/a	-CA$4m
Dec 31 2018	n/a	n/a	-CA$2m
Sep 30 2018	CA$101k	CA$101k	-CA$1m

Compensation vs Market: Hubert's total compensation ($USD146.23K) is about average for companies of similar size in the Canadian market ($USD174.43K).

Compensation vs Earnings: Hubert's compensation has increased whilst the company is unprofitable.

CEO

Hubert Lau (54 yo)

5.1yrs

Tenure

CA$200,000

Compensation

Mr. Hubert Lau serves as President, Chief Executive Officer and Director at TrustBIX Inc since April 15, 2019 and served as its Vice President of Technology since August 2012. He served as Member of Adviso...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Edward Power	Chairman of the Board & Corporate Secretary	5.1yrs	no data	1.26% CA$ 15.0k
Hubert Lau	President	5.1yrs	CA$200.00k	0.98% CA$ 11.6k
William Harper	Chief Financial Officer	1.1yrs	CA$21.81k	0.11% CA$ 1.3k
Adam Morand	CTO & Director	less than a year	no data	no data
Shelley Smith	Controller	no data	no data	no data

3.1yrs

Average Tenure

Experienced Management: TBIX's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Edward Power	Chairman of the Board & Corporate Secretary	5.1yrs	no data	1.26% CA$ 15.0k
Hubert Lau	President	5.1yrs	CA$200.00k	0.98% CA$ 11.6k
Adam Morand	CTO & Director	less than a year	no data	no data
Tony Barlott	Advisor	2yrs	no data	no data
David Schuster	Member of Advisory Board	1.1yrs	no data	no data
Gerben Bouma	Chairman of the Advisory Board	2yrs	no data	no data
William Jamieson	Advisor	2yrs	no data	no data
Thomas Ogaranko	Member of Advisory Board	1.3yrs	CA$165.61k	no data
Shing Lap	Independent Director	3.5yrs	no data	0.93% CA$ 11.1k
Nathaniel Mison	Independent Director	1.1yrs	no data	no data

2.0yrs

Average Tenure

54yo

Average Age

Experienced Board: TBIX's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

TrustBIX Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

TrustBIX Inc., Annual General Meeting, Apr 18, 2024

Less than half of directors are independent

TrustBIX Inc. Announces Management Changes

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Less than half of directors are independent

First quarter 2024 earnings released

TrustBIX Inc., Annual General Meeting, Apr 18, 2024

TrustBIX Inc. announced that it has received CAD 0.065 million in funding

Full year 2023 earnings released: CA$0.04 loss per share (vs CA$0.08 loss in FY 2022)

TrustBIX Inc. announced that it expects to receive CAD 0.1 million in funding

TrustBIX Inc. announced that it has received CAD 0.1 million in funding

Less than half of directors are independent

New major risk - Shareholder dilution

TrustBIX Inc. Announces Management Changes

Less than half of directors are independent

Third quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.022 loss in 3Q 2022)

TrustBIX Inc. (TSXV:TBIX) signed a Letter of Intent to acquire of Alberta Food Security Inc. from Agriplay Ventures Inc. for CAD 0.5 million.

Less than half of directors are independent

Second quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.023 loss in 2Q 2022)

TrustBIX Inc. Announces Changes to the Executive Team

Less than half of directors are independent

First quarter 2023 earnings released: CA$0.01 loss per share (vs CA$0.016 loss in 1Q 2022)

TrustBIX Inc., Annual General Meeting, Apr 14, 2023

TrustBIX Inc. announced that it expects to receive CAD 0.5 million in funding

TrustBIX Inc. announced that it has received CAD 0.5 million in funding

TrustBIX Inc. announced that it expects to receive CAD 0.5 million in funding

Full year 2022 earnings released: CA$0.08 loss per share (vs CA$0.058 loss in FY 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.015 loss in 3Q 2021)

TrustBIX Inc. Announces the Release of the Bix Origin Module

TrustBIX Inc. Announces Election of Ms. Emma Todd as Director

TrustBIX Inc. Announces Board Changes

Second quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.014 loss in 2Q 2021)

Less than half of directors are independent

TrustBIX Inc. announced that it has received CAD 1.13838 million in funding

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

TrustBIX Inc. announced that it expects to receive CAD 2 million in funding

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

TrustBIX Inc. announced that it expects to receive CAD 1 million in funding

Third quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.02 loss in 3Q 2020)

Independent Director Yu Zhen has left the company

Independent Director Fredrick Ruzicka has left the company

Chief Growth Officer James Freeman has left the company

Trustbix Inc. Receives National Research Council Funding for Joint Project with UK- Based Arden Biotechnology

Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.032 loss in 2Q 2020)

TrustBIX Inc. Announces FLS HUB for Feedlot Operations Management

First quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.035 loss in 1Q 2020)

TrustBIX Inc. Enters into A $300,000 Contract

New 90-day high: CA$0.90

TrustBIX Inc. announced that it has received CAD 2.1 million in funding

Chairman of the Board recently sold CA$97k worth of stock

TrustBIX Inc. announced that it expects to receive CAD 1.5 million in funding

Trustbix Inc. Renews Contract to Support Cargill's Certified Sustainable Beef Program

TrustBIX Inc. Signs MOU to Process Premium Canadian Beef for Export to China and Hong Kong

Trustbix Inc. Signs Mou with Gbi Global Inc. to Market Premium Canadian Beef in China and Hong Kong

TrustBIX Inc. Delivers Data Solution for West-Central Forage Association

TrustBIX Inc. Announces Trevor Gartner, Chief Operations Officer, Is Leaving the Company

Third quarter earnings released

TrustBIX Inc. announced that it has received CAD 0.074928 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age