DNOW Management

Management criteria checks 3/4

DNOW's CEO is Dave Cherechinsky, appointed in Jun 2020, has a tenure of 4.42 years. total yearly compensation is $5.58M, comprised of 17% salary and 83% bonuses, including company stock and options. directly owns 0.73% of the company’s shares, worth €11.13M. The average tenure of the management team and the board of directors is 4.8 years and 8.7 years respectively.

Key information

Dave Cherechinsky

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	17.0%
CEO tenure	4.4yrs
CEO ownership	0.7%
Management average tenure	4.8yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Cherechinsky's remuneration changed compared to DNOW's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$202m
Jun 30 2024	n/a	n/a	US$223m
Mar 31 2024	n/a	n/a	US$233m
Dec 31 2023	US$6m	US$947k	US$243m
Sep 30 2023	n/a	n/a	US$129m
Jun 30 2023	n/a	n/a	US$135m
Mar 31 2023	n/a	n/a	US$127m
Dec 31 2022	US$5m	US$797k	US$126m
Sep 30 2022	n/a	n/a	US$107m
Jun 30 2022	n/a	n/a	US$72m
Mar 31 2022	n/a	n/a	US$45m
Dec 31 2021	US$6m	US$650k	US$5m
Sep 30 2021	n/a	n/a	-US$51m
Jun 30 2021	n/a	n/a	-US$78m
Mar 31 2021	n/a	n/a	-US$106m
Dec 31 2020	US$1m	US$555k	-US$427m
Sep 30 2020	n/a	n/a	-US$522m
Jun 30 2020	n/a	n/a	-US$490m
Mar 31 2020	n/a	n/a	-US$446m
Dec 31 2019	US$2m	US$425k	-US$97m
Sep 30 2019	n/a	n/a	US$58m
Jun 30 2019	n/a	n/a	US$67m
Mar 31 2019	n/a	n/a	US$67m
Dec 31 2018	US$2m	US$390k	US$51m
Sep 30 2018	n/a	n/a	US$32m
Jun 30 2018	n/a	n/a	US$4m
Mar 31 2018	n/a	n/a	-US$27m
Dec 31 2017	US$1m	US$300k	-US$52m

Compensation vs Market: Dave's total compensation ($USD5.58M) is above average for companies of similar size in the German market ($USD1.63M).

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

CEO

Dave Cherechinsky (60 yo)

4.4yrs

Tenure

US$5,580,418

Compensation

Mr. David A. Cherechinsky, also known as Dave, serves as Director at DNOW Inc. since June 1, 2020. He serves as Chief Executive Officer and President at DNOW Inc since June 01, 2020. He served as Chief Fin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Cherechinsky	CEO, President & Director	4.4yrs	US$5.58m	0.73% € 11.1m
Mark Johnson	Senior VP & CFO	4.4yrs	US$1.83m	0.17% € 2.6m
Kelly Munson	Chief Administrative & Information Officer	4.7yrs	US$1.36m	0.11% € 1.7m
Raymond Chang	VP, General Counsel & Secretary	10.8yrs	US$1.79m	0.27% € 4.1m
Rocio Surratt	VP of Finance & Corporate Controller	4.3yrs	US$805.14k	no data
Brad Wise	Vice President of Digital Strategy & Investor Relations	no data	no data	no data
Scott Hauck	Executive Vice President of Digital Strategy	4.8yrs	no data	no data
Dan Pratt	Senior Vice President of Energy Centers	4.8yrs	no data	no data
Toby Eoff	President of Process Solutions	8.1yrs	no data	no data

4.8yrs

Average Tenure

48yo

Average Age

Experienced Management: 11N's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Cherechinsky	CEO, President & Director	4.4yrs	US$5.58m	0.73% € 11.1m
Richard Alario	Chairman & Lead Independent Director	10.5yrs	US$351.63k	0.25% € 3.8m
Rodney Eads	Independent Director	10.5yrs	US$243.50k	0.10% € 1.5m
Paul Coppinger	Independent Director	6.9yrs	US$261.63k	0.078% € 1.2m
Karen David-Green	Independent Director	1.7yrs	US$170.00k	0.020% € 311.2k
Terry Bonno	Independent Director	10.5yrs	US$239.88k	0.097% € 1.5m
Galen Cobb	Independent Director	10.5yrs	US$231.00k	0.095% € 1.4m
Sonya Reed	Independent Director	3.3yrs	US$220.88k	0.045% € 690.3k

8.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 11N's board of directors are considered experienced (8.7 years average tenure).

DNOW Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

DNOW Inc., Annual General Meeting, May 22, 2024

NOW Inc., Annual General Meeting, May 25, 2022

CEO, President & Director recently bought €88k worth of stock

NOW Inc. Announces Richard Alario Stepped Down from His Short-Term Role as Executive Vice Chairman of the Company

Recent updates

Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.32 in 3Q 2023)

Investor sentiment improves as stock rises 19%

DNOW Inc. to Report Q3, 2024 Results on Nov 07, 2024

Insufficient new directors

Second quarter 2024 earnings released: EPS: US$0.22 (vs US$0.31 in 2Q 2023)

DNOW Inc. to Report Q2, 2024 Results on Aug 07, 2024

Dnow Inc. Provides Revenue Guidance for the Second Quarter and Full Year of 2024

First quarter 2024 earnings released: EPS: US$0.20 (vs US$0.28 in 1Q 2023)

DNOW Inc. to Report Q1, 2024 Results on May 10, 2024

DNOW Inc., Annual General Meeting, May 22, 2024

DNOW Inc. (NYSE:DNOW) completed the acquisition of Whitco Supply, LLC.

Investor sentiment improves as stock rises 33%

Full year 2023 earnings released: EPS: US$2.31 (vs US$1.14 in FY 2022)

DNOW Inc. (NYSE:DNOW) entered into an agreement to acquire Whitco Supply, LLC.

NOW Inc. to Report Second Half, 2023 Results on Feb 15, 2024

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.33 (vs US$0.35 in 3Q 2022)

NOW Inc. to Report Q3, 2023 Results on Nov 02, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.31 (vs US$0.23 in 2Q 2022)

NOW Inc. to Report Q2, 2023 Results on Aug 02, 2023

First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.27 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$1.15 (vs US$0.045 in FY 2021)

NOW Inc. to Report Q4, 2022 Results on Feb 16, 2023

Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.045 in 3Q 2021)

Investor sentiment improved over the past week

NOW Inc. to Report Q3, 2022 Results on Nov 02, 2022

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.018 loss in 2Q 2021)

NOW Inc. (NYSE:DNOW) announces an Equity Buyback for $80 million worth of its shares.

NOW Inc. to Report Q2, 2022 Results on Aug 03, 2022

NOW Files Form 15

First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.091 loss in 1Q 2021)

NOW Inc. Provides Earnings Guidance for the Full-Year 2022

NOW Inc. to Report Q1, 2022 Results on May 05, 2022

NOW Inc., Annual General Meeting, May 25, 2022

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

NOW Inc. Provides Earnings Guidance for the Year 2022

Third quarter 2021 earnings released: EPS US$0.045 (vs US$0.20 loss in 3Q 2020)

CEO, President & Director recently bought €88k worth of stock

Director J. Richards has left the company

Second quarter 2021 earnings released: US$0.018 loss per share (vs US$0.27 loss in 2Q 2020)

NOW Inc.(NYSE:DNOW) dropped from Russell 2000 Value-Defensive Index

First quarter 2021 earnings released: US$0.091 loss per share (vs US$3.03 loss in 1Q 2020)

NOW Inc. (NYSE:DNOW) entered into an agreement to acquire Flex Flow business from GR Energy Services, LLC.

New 90-day high: €9.05

NOW Inc. to Report Q1, 2021 Results on May 05, 2021

Full year 2020 earnings released: US$3.92 loss per share (vs US$0.89 loss in FY 2019)

Revenue beats expectations

New 90-day high: €7.95

New 90-day high: €7.70

New 90-day high: €5.75

NOW Inc. to Report Q4, 2020 Results on Feb 17, 2021

New 90-day high: €5.40

Revenue beats expectations

Third quarter 2020 earnings released: US$0.20 loss per share

NOW Inc. Announces Richard Alario Stepped Down from His Short-Term Role as Executive Vice Chairman of the Company

New 90-day low: €3.62

New 90-day low: €4.30

New 90-day low - €5.60

New 90-day low - €6.50

NOW Inc. to Report Q3, 2020 Results on Nov 04, 2020

First half earnings released

NOW Inc.(NYSE:DNOW) dropped from S&P 400 Industrials (Sector)

CEO Compensation Analysis

CEO

Tenure

Compensation