Fox Factory Holding Management

Management criteria checks 3/4

Fox Factory Holding's CEO is Mike Dennison, appointed in Jun 2019, has a tenure of 4.92 years. total yearly compensation is $6.03M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 0.097% of the company’s shares, worth €1.48M. The average tenure of the management team and the board of directors is 3.5 years and 6.8 years respectively.

Key information

Mike Dennison

Chief executive officer

US$6.0m

Total compensation

CEO salary percentage	16.1%
CEO tenure	4.9yrs
CEO ownership	0.1%
Management average tenure	3.5yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Dennison's remuneration changed compared to Fox Factory Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 29 2024	n/a	n/a	US$76m
Dec 29 2023	US$6m	US$974k	US$121m
Sep 29 2023	n/a	n/a	US$170m
Jun 30 2023	n/a	n/a	US$185m
Mar 31 2023	n/a	n/a	US$199m
Dec 30 2022	US$8m	US$925k	US$205m
Sep 30 2022	n/a	n/a	US$190m
Jul 01 2022	n/a	n/a	US$183m
Apr 01 2022	n/a	n/a	US$174m
Dec 31 2021	US$8m	US$830k	US$164m
Oct 01 2021	n/a	n/a	US$158m
Jul 02 2021	n/a	n/a	US$152m
Apr 02 2021	n/a	n/a	US$120m
Jan 01 2021	US$4m	US$668k	US$91m
Oct 02 2020	n/a	n/a	US$81m
Jul 03 2020	n/a	n/a	US$73m
Apr 03 2020	n/a	n/a	US$83m
Jan 03 2020	US$2m	US$575k	US$93m
Sep 27 2019	n/a	n/a	US$91m
Jun 28 2019	n/a	n/a	US$85m
Mar 29 2019	n/a	n/a	US$81m
Dec 28 2018	US$2m	US$176k	US$84m

Compensation vs Market: Mike's total compensation ($USD6.03M) is above average for companies of similar size in the German market ($USD1.63M).

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

CEO

Mike Dennison (55 yo)

4.9yrs

Tenure

US$6,033,703

Compensation

Mr. Michael C. Dennison, also known as Mike, serves as Lead Independent Director at Solo Brands, Inc. and is its Independent Director from May 16, 2022. He is the Chief Executive Officer of Fox Factory Hol...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Dennison	CEO & Director	4.9yrs	US$6.03m	0.097% $ 1.5m
Dennis Schemm	CFO & Treasurer	less than a year	US$1.95m	0% $ 0
Toby Merchant	Chief Legal Officer	3.1yrs	US$1.18m	0.0093% $ 142.9k
Christopher Tutton	President of Specialty Sports Group	10.3yrs	US$1.34m	0.017% $ 261.6k
Thomas Fletcher	President of Aftermarket Applications Group	3.8yrs	US$1.08m	0.0069% $ 106.1k
Brendan Enick	Chief Accounting Officer	less than a year	no data	no data
Paul Stecher	President of Powered Vehicles Group & Chief Information Officer	6.5yrs	no data	0.057% $ 881.1k
Vivek Bhakuni	Director of Investor Relations & Business Development	no data	no data	no data
Janet Wong	Chief Human Resources Officer	less than a year	no data	no data
Jacqueline Martin	Chief Purpose & Inclusion Officer	3yrs	no data	no data
John Blocher	Senior VP of Finance & Corporate Controller	12.3yrs	US$747.39k	no data
Michael Swartz	Director of Equity Research at SunTrust Bank	no data	no data	no data

3.5yrs

Average Tenure

55yo

Average Age

Experienced Management: FF0's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Dennison	CEO & Director	6.3yrs	US$6.03m	0.097% $ 1.5m
Elizabeth Fetter	Independent Director	6.9yrs	US$251.25k	0.0049% $ 75.3k
Dudley Mendenhall	Independent Chairman of the Board	10.9yrs	US$350.00k	0.021% $ 322.5k
Ted Waitman	Independent Director	10.9yrs	US$230.00k	0.022% $ 342.8k
Sidney Johnson	Independent Director	3.3yrs	US$243.75k	0.0069% $ 106.4k
Jean Hlay	Independent Director	5.3yrs	US$260.00k	0.015% $ 224.5k
Thomas Duncan	Independent Director	6.8yrs	US$240.63k	0.017% $ 256.9k

6.8yrs

Average Tenure

63yo

Average Age

Experienced Board: FF0's board of directors are considered experienced (6.8 years average tenure).

Fox Factory Holding Management

Management criteria checks 3/4

Key information

Recent management updates

Fox Factory Holding Corp., Annual General Meeting, May 03, 2024

CEO & Director recently sold €945k worth of stock

Insider recently sold €55k worth of stock

Fox Factory Holding Corp. Announces Management Changes

CFO & Treasurer recently sold €211k worth of stock

Insufficient new directors

Recent updates

First quarter 2024 earnings released: US$0.084 loss per share (vs US$0.99 profit in 1Q 2023)

Fox Factory Holding Corp. Provides Earnings Guidance for the Second Quarter of 2024 and Full Year of 2024

Fox Factory Holding Corp., Annual General Meeting, May 03, 2024

Fox Factory Holding Corp. to Report Q1, 2024 Results on May 02, 2024

Investor sentiment deteriorates as stock falls 23%

Fox Factory Holding Corp. Provides Earnings Guidance for the First Quarter of Fiscal 2024 and for the Fiscal Year 2024

Full year 2023 earnings released: EPS: US$2.86 (vs US$4.86 in FY 2022)

New minor risk - Financial position

Fox Factory Holding Corp. to Report Q4, 2023 Results on Feb 22, 2024

Investor sentiment deteriorates as stock falls 35%

New minor risk - Share price stability

Fox Factory Holding Corp. (NasdaqGS:FOXF) entered into a definitive Agreement and Plan of Merger to acquire Wheelhouse Holdings Inc. from Compass Group Diversified Holdings LLC and others at an enterprise value of approximately $570 million.

Fox Factory Holding Corp. (NasdaqGS:FOXF) announces an Equity Buyback for 8% of its issued share capital, for $300 million.

Third quarter 2023 earnings released: EPS: US$0.83 (vs US$1.20 in 3Q 2022)

Fox Factory Holding Corp. to Report Q3, 2023 Results on Nov 02, 2023

CEO & Director recently sold €945k worth of stock

Fox Factory Holding Corp. Reaffirms Earnings Guidance for the Full Year Fiscal 2023

Second quarter 2023 earnings released: EPS: US$0.94 (vs US$1.27 in 2Q 2022)

Fox Factory Holding Corp. to Report Q2, 2023 Results on Aug 03, 2023

Insider recently sold €55k worth of stock

Fox Factory Holding Corp. Announces Management Changes

First quarter 2023 earnings released: EPS: US$0.99 (vs US$1.14 in 1Q 2022)

Fox Factory Holding Corp. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2023

Now 22% undervalued

CFO & Treasurer recently sold €211k worth of stock

Full year 2022 earnings released: EPS: US$4.86 (vs US$3.90 in FY 2021)

Fox Factory Holding Corp. to Report Q4, 2022 Results on Feb 23, 2023

Investor sentiment improved over the past week

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$1.20 (vs US$1.04 in 3Q 2021)

Fox Factory Holding Corp. Provides Sales Guidance for the Fourth Quarter and Fiscal 2022

Fox Factory Holding Corp. to Report Q3, 2022 Results on Nov 03, 2022

Independent Director recently sold €258k worth of stock

President of Specialty Sports Group recently sold €813k worth of stock

Second quarter 2022 earnings released: EPS: US$1.27 (vs US$1.05 in 2Q 2021)

Fox Factory Holding Corp. Provides Sales Guidance for the Third Quarter and Fiscal Year 2022

Fox Factory Holding Corp. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

President of Powered Vehicles Group recently sold €85k worth of stock

First quarter 2022 earnings released: EPS: US$1.14 (vs US$0.91 in 1Q 2021)

Now 21% undervalued after recent price drop

Fox Factory Holding Corp. Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal Year 2022

Insufficient new directors

Fox Factory Holding Corp. to Report Q1, 2022 Results on May 05, 2022

Insufficient new directors

Investor sentiment deteriorated over the past week

Insufficient new directors

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

Fox Factory Holding Corp. Provides Earnings Guidance for the First Quarter of 2022 and Fiscal Year 2022

Fox Factory Holding Corp. to Report Q4, 2021 Results on Feb 24, 2022

Third quarter 2021 earnings released: EPS US$1.04 (vs US$0.91 in 3Q 2020)

President of Specialty Sports Group recently sold €120k worth of stock

Fox Factory Holding Corp. (NasdaqGS:FOXF) completed the acquisition of Sola Sport Pty Ltd.

Second quarter 2021 earnings released: EPS US$1.05 (vs US$0.32 in 2Q 2020)

Independent Director recently sold €80k worth of stock

President of Powered Vehicles Group recently sold €419k worth of stock

President of Specialty Sports Group recently sold €670k worth of stock

First quarter 2021 earnings released: EPS US$0.91 (vs US$0.21 in 1Q 2020)

Fox Factory Holding Corp. Provides Revenue Guidance Second Quarter and Full Year of Fiscal 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$2.25 (vs US$2.43 in FY 2019)

Revenue beats expectations

Fox Factory Holding Corp. Announces Executive Changes

Fox Factory Holding Corp. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €109

Investor sentiment improved over the past week

New 90-day high: €92.00

Fox Factory Holding Corp. Announces Appointment of Sidney Johnson to Board of Directors, Effective January 2, 2021

New 90-day high: €82.00