Insteel Industries Management

Management criteria checks 3/4

Insteel Industries' CEO is Howard Woltz, appointed in Jan 1989, has a tenure of 35.25 years. total yearly compensation is $2.15M, comprised of 32.6% salary and 67.4% bonuses, including company stock and options. directly owns 2.57% of the company’s shares, worth €15.18M. The average tenure of the management team and the board of directors is 3.5 years and 8 years respectively.

Key information

Howard Woltz

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	32.6%
CEO tenure	35.3yrs
CEO ownership	2.6%
Management average tenure	3.5yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Howard Woltz's remuneration changed compared to Insteel Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	US$24m
Dec 30 2023	n/a	n/a	US$22m
Sep 30 2023	US$2m	US$700k	US$32m
Jul 01 2023	n/a	n/a	US$51m
Apr 01 2023	n/a	n/a	US$79m
Dec 31 2022	n/a	n/a	US$113m
Oct 01 2022	US$3m	US$682k	US$125m
Jul 02 2022	n/a	n/a	US$126m
Apr 02 2022	n/a	n/a	US$106m
Jan 01 2022	n/a	n/a	US$82m
Oct 02 2021	US$2m	US$666k	US$67m
Jul 03 2021	n/a	n/a	US$49m
Apr 03 2021	n/a	n/a	US$37m
Jan 02 2021	n/a	n/a	US$27m
Oct 03 2020	n/a	n/a	US$19m
Jun 27 2020	n/a	n/a	US$10m
Mar 28 2020	n/a	n/a	US$5m
Dec 28 2019	n/a	n/a	US$2m
Sep 28 2019	US$2m	US$635k	US$6m
Jun 29 2019	n/a	n/a	US$17m
Mar 30 2019	n/a	n/a	US$27m
Dec 29 2018	n/a	n/a	US$32m
Sep 29 2018	US$2m	US$607k	US$36m
Jun 30 2018	n/a	n/a	US$31m
Mar 31 2018	n/a	n/a	US$25m
Dec 30 2017	n/a	n/a	US$26m
Sep 30 2017	US$2m	US$600k	US$23m

Compensation vs Market: Howard's total compensation ($USD2.15M) is above average for companies of similar size in the German market ($USD1.29M).

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

CEO

Howard Woltz (67 yo)

35.3yrs

Tenure

US$2,146,512

Compensation

Mr. Howard Osler Woltz, III, has been the Chief Executive Officer of Insteel Industries, Inc. since 1991 and serves as its President since 1989 and serves as its Chairman since February 10, 2009. Mr. Woltz...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Howard Woltz	President	35.3yrs	US$2.15m	2.57% $ 15.2m
Scot Jafroodi	VP, CFO & Treasurer	1.3yrs	US$745.73k	0.21% $ 1.2m
Richard Wagner	Senior VP & COO	3.5yrs	US$920.01k	0.22% $ 1.3m
James York	Senior Vice President of Sourcing & Logistics	3.5yrs	US$629.76k	0.027% $ 158.3k
Elizabeth Southern	VP of Administration	less than a year	no data	0.012% $ 73.4k

3.5yrs

Average Tenure

64yo

Average Age

Experienced Management: HZ8's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Howard Woltz	President	38.2yrs	US$2.15m	2.57% $ 15.2m
G. Thompson	Independent Director	6.6yrs	US$148.39k	0.15% $ 887.0k
Joseph Rutkowski	Independent Director	8.6yrs	US$143.39k	0.10% $ 597.1k
W. Rogers	Independent Lead Director	38.2yrs	US$148.39k	0.47% $ 2.8m
Abney Boxley	Independent Director	6yrs	US$133.39k	0.085% $ 502.5k
Jon Ruth	Independent Director	8yrs	US$143.39k	0.10% $ 609.4k
Anne Lloyd	Independent Director	5yrs	US$133.39k	0.045% $ 266.5k

8.0yrs

Average Tenure

67yo

Average Age

Experienced Board: HZ8's board of directors are considered experienced (8 years average tenure).

Insteel Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Senior VP & COO recently sold €76k worth of stock

VP of Administration recently sold €94k worth of stock

Insteel Industries, Inc., Annual General Meeting, Feb 14, 2023

Insteel Industries, Inc. Announces Executive Changes

Insufficient new directors

Insider recently sold €51k worth of stock

Recent updates

Second quarter 2024 earnings released: EPS: US$0.36 (vs US$0.26 in 2Q 2023)

Insteel Industries, Inc. to Report Q2, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.03 per share

First quarter dividend of US$0.03 announced

Insteel Industries, Inc. Declares Quarterly Cash Dividend, Payable on March 29, 2024

First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.57 in 1Q 2023)

Insteel Industries, Inc. to Report Q1, 2024 Results on Jan 18, 2024

Upcoming dividend of US$2.53 per share at 0.4% yield

Insteel Industries, Inc. Declares Special Cash Dividends, Payable on December 22, 2023

Now 21% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$1.66 (vs US$6.41 in FY 2022)

Insteel Industries, Inc. to Report Q4, 2023 Results on Oct 19, 2023

Upcoming dividend of US$0.03 per share at 0.4% yield

Insteel Industries, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023

Senior VP & COO recently sold €76k worth of stock

New minor risk - Profit margin trend

Third quarter 2023 earnings released: EPS: US$0.54 (vs US$1.97 in 3Q 2022)

Insteel Industries, Inc.(NYSE:IIIN) dropped from Russell Small Cap Comp Growth Index

Insteel Industries, Inc. to Report Q3, 2023 Results on Jul 20, 2023

Upcoming dividend of US$0.03 per share at 0.4% yield

Insteel Industries, Inc. Announces Quarterly Dividend, Payable on June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$2.00 in 2Q 2022)

Upcoming dividend of US$0.03 per share at 0.4% yield

Insteel Industries, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2023

VP of Administration recently sold €94k worth of stock

First quarter 2023 earnings released: EPS: US$0.57 (vs US$1.19 in 1Q 2022)

Insteel Industries, Inc., Annual General Meeting, Feb 14, 2023

Insteel Industries, Inc. to Report Q1, 2023 Results on Jan 19, 2023

Insteel Industries, Inc. Announces Executive Changes

Upcoming dividend of US$2.03 per share

Insufficient new directors

Insteel Industries, Inc. Declares Special Cash Dividends, payable on December 23, 2022

Full year 2022 earnings released: EPS: US$6.41 (vs US$3.44 in FY 2021)

Insteel Industries, Inc. to Report Q4, 2022 Results on Oct 20, 2022

Upcoming dividend of US$0.03 per share

Insteel Industries Inc. Declares Quarterly Cash Dividend, Payable on September 30, 2022

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$1.97 (vs US$0.95 in 3Q 2021)

Insteel Industries, Inc.(NYSE:IIIN) dropped from Russell 2000 Value-Defensive Index

Insteel Industries, Inc. to Report Q3, 2022 Results on Jul 21, 2022

Insider recently sold €51k worth of stock

Upcoming dividend of US$0.03 per share

Insteel Industries Inc. Declares Quarterly Cash Dividend, Payable on June 24, 2022

Insteel Industries Inc. Declares Quarterly Cash Dividend, Payable on June 24, 2022

VP of Administration recently sold €104k worth of stock

Insufficient new directors

Second quarter 2022 earnings released: EPS: US$2.00 (vs US$0.77 in 2Q 2021)

Insteel Industries, Inc. to Report Q2, 2022 Results on Apr 21, 2022

Upcoming dividend of US$0.03 per share

Insteel Industries Declares Quarterly Cash Dividend Payable on March 25, 2022

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Insufficient new directors

Upcoming dividend of US$2.03 per share

Insider recently sold €120k worth of stock

Full year 2021 earnings released: EPS US$3.44 (vs US$0.99 in FY 2020)

Investor sentiment improved over the past week

Upcoming dividend of US$0.03 per share

Insider recently sold €156k worth of stock

Insteel Industries, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021

Third quarter 2021 earnings released: EPS US$0.95 (vs US$0.35 in 3Q 2020)

Insteel Industries, Inc. Reports Asset Impairment Charges for the Third Quarter of 2021

Upcoming dividend of US$0.03 per share

Insteel Industries Declares Quarterly Cash Dividend, Payable on June 25, 2021

Insider recently sold €169k worth of stock

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.23 in 2Q 2020)

Investor sentiment deteriorated over the past week

Insteel Industries, Inc.(NYSE:IIIN) dropped from NASDAQ Composite Index

Investor sentiment improved over the past week