Mueller Industries Management

Management criteria checks 3/4

Mueller Industries' CEO is Greg Christopher, appointed in Oct 2008, has a tenure of 16.08 years. total yearly compensation is $19.46M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 1.29% of the company’s shares, worth €112.48M. The average tenure of the management team and the board of directors is 7.8 years and 12.8 years respectively.

Key information

Greg Christopher

Chief executive officer

US$19.5m

Total compensation

CEO salary percentage	7.4%
CEO tenure	16.1yrs
CEO ownership	1.3%
Management average tenure	7.8yrs
Board average tenure	12.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Greg Christopher's remuneration changed compared to Mueller Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	US$586m
Jun 29 2024	n/a	n/a	US$550m
Mar 30 2024	n/a	n/a	US$568m
Dec 30 2023	n/a	n/a	US$603m
Sep 30 2023	n/a	n/a	US$623m
Jul 01 2023	n/a	n/a	US$644m
Apr 01 2023	n/a	n/a	US$673m
Dec 31 2022	US$35m	US$1m	US$658m
Sep 24 2022	n/a	n/a	US$645m
Jun 25 2022	n/a	n/a	US$661m
Mar 26 2022	n/a	n/a	US$564m
Dec 25 2021	US$11m	US$1m	US$469m
Sep 25 2021	n/a	n/a	US$379m
Jun 26 2021	n/a	n/a	US$251m
Mar 27 2021	n/a	n/a	US$170m
Dec 26 2020	US$7m	US$1m	US$139m
Sep 26 2020	n/a	n/a	US$131m
Jun 27 2020	n/a	n/a	US$118m
Mar 28 2020	n/a	n/a	US$118m
Dec 28 2019	US$8m	US$1m	US$101m
Sep 28 2019	n/a	n/a	US$100m
Jun 29 2019	n/a	n/a	US$91m
Mar 30 2019	n/a	n/a	US$96m
Dec 29 2018	US$7m	US$1m	US$104m
Sep 29 2018	n/a	n/a	US$83m
Jun 30 2018	n/a	n/a	US$85m
Mar 31 2018	n/a	n/a	US$80m
Dec 30 2017	US$5m	US$1m	US$86m

Compensation vs Market: Greg's total compensation ($USD19.46M) is above average for companies of similar size in the German market ($USD3.61M).

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

CEO

Greg Christopher (62 yo)

16.1yrs

Tenure

US$19,464,383

Compensation

Mr. Gregory L. Christopher, also known as Greg, has been the Chairman and Chief Executive Officer of Mueller Industries Inc. since January 1, 2016 and October 30, 2008 respectively. Mr. Christopher served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Christopher	Chairman of the Board & CEO	16.1yrs	US$19.46m	1.29% € 112.5m
Jeffrey Martin	Executive VP	12.1yrs	US$4.84m	0.30% € 26.4m
Christopher Miritello	Executive VP	7.8yrs	US$2.60m	0.10% € 9.1m
Steffen Sigloch	Chief Manufacturing Officer	7.5yrs	US$3.94m	0.19% € 17.0m
Brian Barksdale	Vice President of Marketing	11yrs	no data	no data
Daniel Corbin	Senior Vice President of Manufacturing	7.5yrs	no data	no data
Gary Westermeyer	President & GM of Westermeyer Industries	7.5yrs	US$992.64k	no data
Nadiem Umar	President of International Division	8.8yrs	no data	no data
Christopher Mitchell	President of Brass & Aluminum	4.8yrs	no data	no data
Anthony Steinriede	VP & Corporate Controller	9.6yrs	no data	no data
Devin Malone	President of Mueller Streamline Co.	5.8yrs	no data	no data

7.8yrs

Average Tenure

55yo

Average Age

Experienced Management: MUD's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Christopher	Chairman of the Board & CEO	14.1yrs	US$19.46m	1.29% € 112.5m
Gary Gladstein	Independent Director	24.3yrs	US$301.93k	0.26% € 23.1m
Harvey Karp	Chairman Emeritus	12.8yrs	US$6.09m	no data
Terry Hermanson	Lead Independent Director	21.8yrs	US$311.93k	0.097% € 8.5m
Scott Goldman	Independent Director	16.8yrs	US$316.43k	0.051% € 4.5m
John Hansen	Independent Director	10.3yrs	US$346.43k	0.098% € 8.5m
William Drummond	Independent Director	2.8yrs	US$316.93k	0.013% € 1.2m
Charles Herzog	Independent Director	7.3yrs	US$319.43k	0.030% € 2.6m
Elizabeth Donovan	Independent Director	5.8yrs	US$313.43k	0.025% € 2.2m

12.8yrs

Average Tenure

72yo

Average Age

Experienced Board: MUD's board of directors are seasoned and experienced ( 12.8 years average tenure).

Mueller Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Chairman of the Board & CEO recently sold €6.3m worth of stock

Independent Director recently sold €615k worth of stock

Executive VP recently sold €2.8m worth of stock

Mueller Industries, Inc., Annual General Meeting, May 09, 2024

Executive VP recently sold €2.2m worth of stock

Independent Director recently sold €370k worth of stock

Recent updates

Mueller Industries, Inc. Declares Regular Cash Dividend for the Fourth Quarter, Payable on December 20, 2024

Investor sentiment improves as stock rises 19%

Third quarter 2024 earnings released: EPS: US$1,515 (vs US$1.19 in 3Q 2023)

New minor risk - Share price stability

Chairman of the Board & CEO recently sold €6.3m worth of stock

Independent Director recently sold €615k worth of stock

Mueller Industries, Inc. (NYSE:MLI) acquired Elkhart Products Corporation.

Second quarter dividend of US$0.20 announced

Mueller Industries, Inc. Declares Cash Dividend for Third Quarter of 2024, Payable on September 20, 2024

Second quarter 2024 earnings released: EPS: US$1.44 (vs US$1.60 in 2Q 2023)

Mueller Industries, Inc. (NYSE:MLI) completed the acquisition to acquire Nehring Electrical Works Company from group of sellers for approximately $600 million.

First quarter dividend of US$0.20 announced

Mueller Industries, Inc. Declares Cash Dividend for Second Quarter, Payable on June 21, 202

Executive VP recently sold €2.8m worth of stock

Mueller Industries, Inc. (NYSE:MLI) entered into a definitive agreement to acquire Nehring Electrical Works Company from group of sellers for approximately $600 million.

First quarter 2024 earnings released: EPS: US$1.24 (vs US$1.56 in 1Q 2023)

Mueller Industries, Inc. (NYSE:MLI) entered into a definitive agreement to acquire Nehring Electrical Works Company for approximately $600 million.

Mueller Industries, Inc., Annual General Meeting, May 09, 2024

Upcoming dividend of US$0.20 per share

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings released: EPS: US$5.41 (vs US$5.90 in FY 2022)

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

Executive VP recently sold €2.2m worth of stock

Full year 2023 earnings released: EPS: US$5.41 (vs US$5.90 in FY 2022)

Upcoming dividend of US$0.15 per share at 1.5% yield

Independent Director recently sold €370k worth of stock

An unknown buyer acquired an unknown majority stake in PEX plastic piping business of Mueller Industries, Inc. from Mueller Industries, Inc. (NYSE:MLI).

Third quarter 2023 earnings released: EPS: US$1.19 (vs US$1.39 in 3Q 2022)

Upcoming dividend of US$0.30 per share at 1.6% yield

Mueller Industries, Inc. Declares Cash Dividend for Third Quarter, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$3.19 (vs US$3.70 in 2Q 2022)

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.30 per share at 1.6% yield

Chairman of the Board & CEO recently sold €2.5m worth of stock

Mueller Industries, Inc. Declares Quarterly Dividend, Payable on June 16, 2023

Independent Director recently sold €198k worth of stock

First quarter 2023 earnings released: EPS: US$3.11 (vs US$2.82 in 1Q 2022)

Upcoming dividend of US$0.30 per share at 1.6% yield

Chairman of the Board & CEO recently sold €327k worth of stock

Independent Director recently sold €121k worth of stock

Full year 2022 earnings released: EPS: US$11.80 (vs US$8.37 in FY 2021)

Independent Director recently sold €67k worth of stock

Upcoming dividend of US$0.25 per share

Mueller Industries, Inc. Declares Quarterly Cash Dividend, Payable on December 16, 2022

Independent Director recently sold €96k worth of stock

Third quarter 2022 earnings released: EPS: US$2.78 (vs US$3.05 in 3Q 2021)

Insider recently sold €2.3m worth of stock

Upcoming dividend of US$0.25 per share

Mueller Industries, Inc. Declares Regular Quarterly Cash Dividend, Payable on September 16, 2022

Independent Director recently sold €63k worth of stock

Second quarter 2022 earnings released: EPS: US$3.70 (vs US$1.95 in 2Q 2021)

Upcoming dividend of US$0.25 per share

Mueller Industries, Inc. Declares Cash Dividend for Second Quarter, Payable on June 17, 2022

Independent Director recently sold €111k worth of stock

First quarter 2022 earnings released: EPS: US$2.82 (vs US$1.13 in 1Q 2021)

Mueller Industries, Inc., Annual General Meeting, May 05, 2022

Upcoming dividend of US$0.25 per share

Independent Director recently sold €128k worth of stock

Mueller Industries, Inc. Announces Increase in Quarterly Cash Dividend, Payable on April 1, 2022

Independent Director recently sold €97k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Mueller Industries, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 25, 2021

Insufficient new directors

Upcoming dividend of US$0.13 per share

Investor sentiment improved over the past week

Independent Director recently bought €467k worth of stock

Third quarter 2021 earnings released: EPS US$3.05 (vs US$0.77 in 3Q 2020)

Upcoming dividend of US$0.13 per share

Second quarter 2021 earnings released: EPS US$1.95 (vs US$0.50 in 2Q 2020)