Polar Power Management

Management criteria checks 4/4

Polar Power's CEO is Arthur Sams, appointed in Aug 1991, has a tenure of 32.67 years. total yearly compensation is $275.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 31.85% of the company’s shares, worth €1.85M. The average tenure of the management team and the board of directors is 6 years and 7.9 years respectively.

Key information

Arthur Sams

Chief executive officer

US$275.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	32.7yrs
CEO ownership	31.9%
Management average tenure	6yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arthur Sams's remuneration changed compared to Polar Power's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$275k	US$275k	-US$7m
Sep 30 2023	n/a	n/a	-US$5m
Jun 30 2023	n/a	n/a	-US$5m
Mar 31 2023	n/a	n/a	-US$6m
Dec 31 2022	US$330k	US$275k	-US$6m
Sep 30 2022	n/a	n/a	-US$4m
Jun 30 2022	n/a	n/a	-US$504k
Mar 31 2022	n/a	n/a	-US$631k
Dec 31 2021	US$275k	US$275k	-US$1m
Sep 30 2021	n/a	n/a	-US$5m
Jun 30 2021	n/a	n/a	-US$11m
Mar 31 2021	n/a	n/a	-US$13m
Dec 31 2020	US$275k	US$275k	-US$11m
Sep 30 2020	n/a	n/a	-US$12m
Jun 30 2020	n/a	n/a	-US$7m
Mar 31 2020	n/a	n/a	-US$4m
Dec 31 2019	US$303k	US$275k	-US$4m
Sep 30 2019	n/a	n/a	US$690k
Jun 30 2019	n/a	n/a	-US$116k
Mar 31 2019	n/a	n/a	-US$458k
Dec 31 2018	US$801k	US$275k	-US$848k
Sep 30 2018	n/a	n/a	-US$1m
Jun 30 2018	n/a	n/a	-US$1m
Mar 31 2018	n/a	n/a	-US$2m
Dec 31 2017	US$290k	US$200k	-US$757k

Compensation vs Market: Arthur's total compensation ($USD275.00K) is below average for companies of similar size in the German market ($USD406.04K).

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

CEO

Arthur Sams (72 yo)

32.7yrs

Tenure

US$275,000

Compensation

Mr. Arthur D. Sams has been Chairman, Chief Executive Officer and President of Polar Power, Inc. since August 1991 and its Secretary since October 2016. Mr. Sams specializes in the design of thermodynamics...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arthur Sams	Chairman	32.7yrs	US$275.00k	31.85% $ 1.8m
Luis Zavala	Chief Financial Officer	6yrs	US$175.00k	0.33% $ 19.2k
Balwinder Samra	Executive Vice President	no data	no data	no data
Nilesh Singh	Regional Managing Director - Asia Pacific	1.4yrs	no data	no data

6.0yrs

Average Tenure

61yo

Average Age

Experienced Management: PPW's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arthur Sams	Chairman	32.7yrs	US$275.00k	31.85% $ 1.8m
Keith Albrecht	Independent Director	7.9yrs	US$30.00k	0% $ 0
Katherine Koster	Independent Director	4.3yrs	US$30.00k	no data

7.9yrs

Average Tenure

72yo

Average Age

Experienced Board: PPW's board of directors are considered experienced (7.9 years average tenure).

Polar Power Management

Management criteria checks 4/4

Key information

Recent management updates

Polar Power, Inc. Announces Resignation of Peter Gross from Board of Directors

Polar Power, Inc., Annual General Meeting, Dec 20, 2023

Insufficient new directors

Polar Power, Inc., Annual General Meeting, Dec 21, 2022

Polar Power, Inc., Annual General Meeting, Dec 21, 2022

Independent Director recently sold €67k worth of stock

Recent updates

Full year 2023 earnings released: US$0.49 loss per share (vs US$0.43 loss in FY 2022)

Polar Power Receives Non-Compliance Notice from Nasdaq

Polar Power, Inc. Announces Resignation of Peter Gross from Board of Directors

New minor risk - Shareholder dilution

Polar Power, Inc. has filed a Follow-on Equity Offering.

Polar Power, Inc. has filed a Follow-on Equity Offering.

Polar Power Receives Non-Compliance Notice from Nasdaq

Polar Power Receives Non-Compliance Notice from Nasdaq

Polar Power Receives Non-Compliance Notice from Nasdaq

Third quarter 2023 earnings released: US$0.14 loss per share (vs US$0.18 loss in 3Q 2022)

Polar Power, Inc., Annual General Meeting, Dec 20, 2023

New major risk - Market cap size

Second quarter 2023 earnings released: US$0.034 loss per share (vs US$0.058 loss in 2Q 2022)

First quarter 2023 earnings released: US$0.086 loss per share (vs US$0.088 loss in 1Q 2022)

Insufficient new directors

Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2021)

Polar Power, Inc., Annual General Meeting, Dec 21, 2022

Polar Power, Inc., Annual General Meeting, Dec 21, 2022

Second quarter 2022 earnings released: US$0.058 loss per share (vs US$0.068 loss in 2Q 2021)

First quarter 2022 earnings released: US$0.088 loss per share (vs US$0.15 loss in 1Q 2021)

Full year 2021 earnings released: US$0.11 loss per share (vs US$1.01 loss in FY 2020)

Independent Director recently sold €67k worth of stock

Third quarter 2021 earnings released: EPS US$0.074 (vs US$0.42 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.068 loss per share (vs US$0.23 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.15 loss per share (vs US$0.02 loss in 1Q 2020)

Full year 2020 earnings released: US$1.01 loss per share (vs US$0.40 loss in FY 2019)

Polar Power, Inc. has completed a Follow-on Equity Offering in the amount of $13.5 million.

New 90-day high: €5.50

New 90-day high: €4.12

Polar Power, Inc., Annual General Meeting, Dec 30, 2020

Revenue beats expectations

Third quarter 2020 earnings released: US$0.42 loss per share

New 90-day high: €3.36

Earnings released

New 90-day high - €3.08

Polar Power, Inc.(NasdaqCM:POLA) dropped from Russell Microcap Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age