Mynaric Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mustafa Veziroglu

Chief executive officer

€853.0k

Total compensation

CEO salary percentage	52.3%
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	3.4yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mustafa Veziroglu's remuneration changed compared to Mynaric's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€853k	€446k	-€94m
Sep 30 2023	n/a	n/a	-€83m
Jun 30 2023	n/a	n/a	-€73m
Mar 31 2023	n/a	n/a	-€74m
Dec 31 2022	€261k	€129k	-€74m

Compensation vs Market: Mustafa's total compensation ($USD930.82K) is above average for companies of similar size in the German market ($USD488.36K).

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

CEO

Mustafa Veziroglu

2.3yrs

Tenure

€853,000

Compensation

Mr. Mustafa Veziroglu served as Member of Management Board at Mynaric AG since August 15, 2022 and served as its Second Chairman of the Management Board & Co-CEO since February 1, 2023 and since August 7,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mustafa Veziroglu	Chairman of the Management Board & CEO	2.3yrs	€853.00k	no data
Joachim Horwath	Founder	15.8yrs	€689.00k	3.49% € 1.1m
Thomas Dinges	Vice President of Investor Relations	no data	no data	no data
Sven Meyer-Brunswick	Chief Corporate Development & Communications Program Officer	4.6yrs	no data	no data
Stefan Bindl	Head of Engineering	no data	no data	no data
Luis Martin-Navajas	Chief Engineer	no data	no data	no data
Andreas Reif	Chief Restructuring Officer	less than a year	no data	no data

3.4yrs

Average Tenure

Experienced Management: M0YN's management team is considered experienced (3.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Manfred Krischke	Member of the Supervisory Board	7.5yrs	€127.00k	no data
Peter Muller-Bruhl	Vice-Chairman of the Supervisory Board	6.3yrs	€117.00k	0.070% € 22.8k
Emin Altan	Chairman of the Supervisory Board	1.3yrs	€782.43k	0.61% € 196.7k
Arndt Rautenberg	Member of Supervisory Board	no data	no data	0.016% € 5.1k
Margaret Abernathy	Supervisory Board Member	1.3yrs	€35.00k	no data

3.8yrs

Average Tenure

57yo

Average Age

Experienced Board: M0YN's board of directors are considered experienced (3.8 years average tenure).

Mynaric Management

Management criteria checks 2/4

Key information

Recent management updates

Mynaric AG Announces Management Changes

Mynaric Announces Departure of Stefan Berndt Von-Bülow as CFO

Mynaric AG, Annual General Meeting, Aug 29, 2024

Mynaric Announces Executive Changes

Mynaric AG, Annual General Meeting, Aug 07, 2023

Mynaric Ag Announces Resignation of Mr. Altan as A Member of the Management Board

Recent updates

Bronstein, Gewirtz & Grossman, LLC Announces Class Action Lawsuit Files Against Mynaric AG

Mynaric Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with the Minimum Market Value of Listed Securities

Mynaric Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with the Minimum Market Value of Listed Securities

Mynaric Advances Production of CONDOR Mk3

New major risk - Financial position

New minor risk - Profitability

Mynaric AG Announces Management Changes

Consensus EPS estimates fall by 36%

New major risk - Share price stability

Mynaric Announces Departure of Stefan Berndt Von-Bülow as CFO

Price target decreased by 29% to €31.50

Mynaric AG, Annual General Meeting, Aug 29, 2024

Mynaric Provides Earnings Guidance for the Full Year 2024

Mynaric AG to Report Fiscal Year 2023 Results on Jun 20, 2024

Mynaric AG announced delayed 20-F filing

New minor risk - Share price stability

Consensus revenue estimates fall by 61%

Mynaric Begins Volume Production for its Space Laser Terminal - CONDOR Mk3

Consensus revenue estimates fall by 41%

Consensus revenue estimates fall by 27%

Mynaric Provides Earnings Guidance for the Full Year 2023

Mynaric Provides Earnings Guidance for the Full Year 2023

New major risk - Share price stability

New minor risk - Market cap size

First half 2023 earnings released: €5.55 loss per share (vs €6.28 loss in 1H 2022)

New minor risk - Profitability

Mynaric AG to Report First Half, 2023 Results on Sep 14, 2023

Price target decreased by 21% to €36.67

Mynaric Announces Executive Changes

Mynaric AG, Annual General Meeting, Aug 07, 2023

Mynaric Ag Announces Resignation of Mr. Altan as A Member of the Management Board

Price target decreased by 13% to €51.17

Forecast breakeven date moved forward to 2023

Mynaric AG Appoints Mustafa Veziroglu as Co-CEO, Effective February 1, 2023

Consensus forecasts updated

Consensus revenue estimates fall by 56%

Price target decreased to €59.00

Forecast to breakeven in 2023

Consensus revenue estimates fall by 17%

Consensus forecasts updated

Mynaric Revises Earnings Guidance for the Full-Year 2022

Mynaric AG to Report Q2, 2022 Results on Oct 31, 2022

Mynaric AG Appoints Mustafa Veziroglu as President and Member of Its Management Board

Forecast breakeven date moved forward to 2023

Price target decreased to €71.00

Mynaric AG, Annual General Meeting, Jul 14, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Mynaric AG to Report Fiscal Year 2021 Results on Apr 28, 2022

First half 2021 earnings released: €3.94 loss per share (vs €2.33 loss in 1H 2020)

Mynaric AG Releases Next Generation Ultra-Fast, Scalable Optical Communications Terminal for Satellite Applications

Full year 2020 earnings released: €6.78 loss per share (vs €2.77 loss in FY 2019)

New 90-day low: €64.20

New 90-day high: €84.60

New 90-day high: €78.60

New 90-day low: €56.20

First half earnings released

Mynaric AG to Report First Half, 2020 Results on Sep 14, 2020

New 90-day high - €78.80

New 90-day high - €71.60

Price target raised to €87.50

Mynaric AG announced that it has received €5 million in funding

New 90-day high - €57.00

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members