Savaria Management

Management criteria checks 4/4

Savaria's CEO is Sebastien Bourassa, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is CA$454.35K, comprised of 84.2% salary and 15.8% bonuses, including company stock and options. directly owns 0.47% of the company’s shares, worth €5.24M. The average tenure of the management team and the board of directors is 3.7 years and 13.7 years respectively.

Key information

Sebastien Bourassa

Chief executive officer

CA$454.4k

Total compensation

CEO salary percentage	84.2%
CEO tenure	less than a year
CEO ownership	0.5%
Management average tenure	3.7yrs
Board average tenure	13.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sebastien Bourassa's remuneration changed compared to Savaria's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$46m
Jun 30 2024	n/a	n/a	CA$45m
Mar 31 2024	n/a	n/a	CA$43m
Dec 31 2023	CA$454k	CA$383k	CA$38m
Sep 30 2023	n/a	n/a	CA$38m
Jun 30 2023	n/a	n/a	CA$37m
Mar 31 2023	n/a	n/a	CA$36m
Dec 31 2022	CA$794k	CA$270k	CA$35m
Sep 30 2022	n/a	n/a	CA$25m
Jun 30 2022	n/a	n/a	CA$19m
Mar 31 2022	n/a	n/a	CA$13m
Dec 31 2021	CA$241k	CA$216k	CA$12m
Sep 30 2021	n/a	n/a	CA$17m
Jun 30 2021	n/a	n/a	CA$21m
Mar 31 2021	n/a	n/a	CA$25m
Dec 31 2020	CA$283k	CA$212k	CA$26m
Sep 30 2020	n/a	n/a	CA$28m
Jun 30 2020	n/a	n/a	CA$28m
Mar 31 2020	n/a	n/a	CA$27m
Dec 31 2019	CA$256k	CA$206k	CA$26m
Sep 30 2019	n/a	n/a	CA$22m
Jun 30 2019	n/a	n/a	CA$17m
Mar 31 2019	n/a	n/a	CA$18m
Dec 31 2018	CA$206k	CA$206k	CA$18m
Sep 30 2018	n/a	n/a	CA$21m
Jun 30 2018	n/a	n/a	CA$23m
Mar 31 2018	n/a	n/a	CA$20m
Dec 31 2017	CA$256k	CA$206k	CA$19m

Compensation vs Market: Sebastien's total compensation ($USD324.97K) is below average for companies of similar size in the German market ($USD1.46M).

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

CEO

Sebastien Bourassa

less than a year

Tenure

CA$454,351

Compensation

Mr. Sebastien Bourassa is President and CEO of Savaria Corporation since January 1, 2024 and served as its Chief Operating Officer of since May 15, 2023 until 2024. He serves as Vice-President of Operation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marcel Bourassa	Executive Chairman	22.7yrs	CA$1.80m	15.74% € 175.3m
Sebastien Bourassa	President	less than a year	CA$454.35k	0.47% € 5.3m
Stephen Reitknecht	Chief Financial Officer	4.2yrs	CA$556.21k	0.0035% € 39.0k
Clare Brophy	President of EUROW Accessibility	3.7yrs	CA$398.82k	no data
Les Teague	Group President of Patient Care	3.8yrs	CA$581.46k	no data
Sylvain Aubry	Chief Legal Officer & Corporate Secretary	6.7yrs	no data	0.0065% € 72.1k
Charles Rimbert	Vice President of Corporate Development	8.3yrs	CA$276.54k	no data
Laureen Cushing	Global Vice President of Human Resources	1.1yrs	no data	no data
Alexandre Bourassa	President of North America Accessibility	1.8yrs	no data	0.088% € 977.0k
Jean-Philippe De Montigny	Chief Transformation Officer	less than a year	no data	0.095% € 1.1m
Steven Perreault	Corporate Controller	17.7yrs	no data	no data
Vince Sciamanna	President of Garaventa Lift Group N.A. & Garaventa Canada Ltd.	no data	CA$337.50k	0.013% € 148.3k

3.7yrs

Average Tenure

Experienced Management: S97's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Marcel Bourassa	Executive Chairman	22.7yrs	CA$1.80m	15.74% € 175.3m
Sebastien Bourassa	President	7.3yrs	CA$454.35k	0.47% € 5.3m
Jean-Marie Bourassa	Director	22.7yrs	CA$95.13k	0.25% € 2.8m
Peter Drutz	Lead Independent Director	22.8yrs	CA$122.68k	0.13% € 1.5m
Jean-Louis Chapdelaine	Independent Director	19.5yrs	CA$95.13k	0.14% € 1.6m
Sylvain Dumoulin	Independent Director	14.2yrs	CA$119.95k	0.14% € 1.6m
Alain Tremblay	Independent Director	13.2yrs	CA$122.68k	0.092% € 1.0m
Anne Le Breton	Independent Director	1.8yrs	CA$114.25k	no data
Caroline Berube	Independent Director	7.2yrs	CA$101.68k	no data
Pernilla Linden	Director	less than a year	no data	no data

13.7yrs

Average Tenure

62yo

Average Age

Experienced Board: S97's board of directors are seasoned and experienced ( 13.7 years average tenure).

Savaria Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Transformation Officer recently bought €303k worth of stock

Independent Director recently sold €345k worth of stock

Insider recently sold €276k worth of stock

Savaria Corporation Announces Appointment of Pernilla Lindén as New Board Member

Chief Transformation Officer recently bought €135k worth of stock

Executive Chairman recently bought €719k worth of stock

Recent updates

Savaria Corporation Declares Monthly Dividend, Payable on December 9, 2024

Chief Transformation Officer recently bought €303k worth of stock

Third quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.18 in 3Q 2023)

Savaria Corporation to Report Q3, 2024 Results on Nov 06, 2024

Dividend of CA$0.045 announced

Savaria Corporation Declares Monthly Dividend, Payable on November 12, 2024

Independent Director recently sold €345k worth of stock

Dividend of CA$0.045 announced

Insider recently sold €276k worth of stock

Savaria Corporation Approves Monthly Dividend, Payable on October 9, 2024

Savaria Corporation Declares Monthly Dividend, Payable on September 6, 2024

Second quarter 2024 earnings released: EPS: CA$0.15 (vs CA$0.14 in 2Q 2023)

Savaria Corporation to Report Q2, 2024 Results on Aug 07, 2024

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on August 9, 2024

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on July 5, 2024

Savaria Corporation Announces Appointment of Pernilla Lindén as New Board Member

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on June 7, 2024

Chief Transformation Officer recently bought €135k worth of stock

Savaria Corporation Provides Earnings Guidance for the Year 2025

First quarter 2024 earnings released: EPS: CA$0.16 (vs CA$0.094 in 1Q 2023)

Savaria Corporation Declares Monthly Dividend, Payable on May 10, 2024

Savaria Corporation to Report Q1, 2024 Results on May 08, 2024

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on April 10, 2024

New minor risk - Dividend sustainability

Executive Chairman recently bought €719k worth of stock

Full year 2023 earnings released: EPS: CA$0.57 (vs CA$0.55 in FY 2022)

Driverge Vehicle Innovations LLC completed the acquisition of Freedom Motors Inc. and Van-Action (2005) Inc.

Savaria Corporation, Annual General Meeting, May 09, 2024

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on March 8, 2024

Chief Transformation Officer recently bought €171k worth of stock

Now 21% undervalued

Dividend of CA$0.043 announced

Savaria Corporation Declares Monthly Dividend, Payable on February 9, 2024

Chief Transformation Officer recently bought €213k worth of stock

Savaria Corporation Declares Monthly Dividend, Payable on January 12, 2024

Savaria Appoints Jean-Philippe De Montigny as Chief Transformation Officer

Savaria Corporation Announces CEO Changes, Effective from January 1, 2024

Savaria Corporation Declares Monthly Dividend, Payable on December 8, 2023

President recently bought €711k worth of stock

Savaria Corporation to Report Q4, 2023 Results on Mar 06, 2024

Third quarter 2023 earnings released: EPS: CA$0.18 (vs CA$0.16 in 3Q 2022)

New minor risk - Shareholder dilution

President recently bought €1.4m worth of stock

Savaria Corporation announced that it has received CAD 28.764375 million in funding from Caisse de dépôt et placement du Québec

Savaria Corporation announced that it expects to receive $55.013 million in funding

Savaria Corporation Declares Monthly Dividend, Payable on September 8, 2023

Savaria Corporation to Report Q3, 2023 Results on Nov 01, 2023

Savaria Corporation Provides Revenue Guidance for 2023

Second quarter 2023 earnings released: EPS: CA$0.14 (vs CA$0.13 in 2Q 2022)

Savaria Corporation to Report Q2, 2023 Results on Aug 09, 2023

Savaria Corporation Declares Monthly Dividend, Payable on August 11, 2023

Now 23% undervalued

Savaria Declares Monthly Dividend, Payable on July 7, 2023

Savaria Corporation Declares Monthly Dividend, Payable on June 9, 2023

Savaria Appoints Sebastien Bourassa as Chief Operating Officer

First quarter 2023 earnings released: EPS: CA$0.094 (vs CA$0.083 in 1Q 2022)

Savaria Corporation Provides Earnings Guidance for the Year 2023

Full year 2022 earnings released: EPS: CA$0.55 (vs CA$0.19 in FY 2021)

Savaria Corporation Declares Monthly Dividend on Common Share, Payable on March 10, 2023

Savaria Corporation Provides Revenue Guidance for Fiscal 2023

Savaria Corporation Declares Monthly Dividend, Payable on February 10, 2023

Savaria Corporation Announces Appointment of Anne Le Breton as Board Member

Savaria Declares Monthly Dividend, Payable on January 13, 2023

President recently sold €16m worth of stock