Tennant Management

Management criteria checks 2/4

Tennant's CEO is Dave Huml, appointed in Mar 2021, has a tenure of 3.67 years. total yearly compensation is $5.52M, comprised of 15.8% salary and 84.2% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth €5.24M. The average tenure of the management team and the board of directors is 2.4 years and 5.7 years respectively.

Key information

Dave Huml

Chief executive officer

US$5.5m

Total compensation

CEO salary percentage	15.8%
CEO tenure	3.7yrs
CEO ownership	0.3%
Management average tenure	2.4yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Huml's remuneration changed compared to Tennant's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$108m
Jun 30 2024	n/a	n/a	US$110m
Mar 31 2024	n/a	n/a	US$114m
Dec 31 2023	US$6m	US$874k	US$110m
Sep 30 2023	n/a	n/a	US$102m
Jun 30 2023	n/a	n/a	US$95m
Mar 31 2023	n/a	n/a	US$80m
Dec 31 2022	US$4m	US$841k	US$66m
Sep 30 2022	n/a	n/a	US$50m
Jun 30 2022	n/a	n/a	US$56m
Mar 31 2022	n/a	n/a	US$50m
Dec 31 2021	US$4m	US$756k	US$65m
Sep 30 2021	n/a	n/a	US$60m
Jun 30 2021	n/a	n/a	US$50m
Mar 31 2021	n/a	n/a	US$54m
Dec 31 2020	US$1m	US$445k	US$34m
Sep 30 2020	n/a	n/a	US$42m
Jun 30 2020	n/a	n/a	US$45m
Mar 31 2020	n/a	n/a	US$46m
Dec 31 2019	US$1m	US$371k	US$46m
Sep 30 2019	n/a	n/a	US$43m
Jun 30 2019	n/a	n/a	US$38m
Mar 31 2019	n/a	n/a	US$36m
Dec 31 2018	US$1m	US$356k	US$33m
Sep 30 2018	n/a	n/a	US$22m
Jun 30 2018	n/a	n/a	US$16m
Mar 31 2018	n/a	n/a	US$1m
Dec 31 2017	US$877k	US$322k	-US$6m

Compensation vs Market: Dave's total compensation ($USD5.52M) is above average for companies of similar size in the German market ($USD1.64M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.

CEO

Dave Huml (55 yo)

3.7yrs

Tenure

US$5,520,144

Compensation

Mr. David W. Huml, also known as Dave, has been President, Chief Executive Officer and Director of Tennant Company since March 1, 2021. He had been Chief Operating Officer at Tennant Company since April 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Huml	President	3.7yrs	US$5.52m	0.32% € 5.2m
Fay West	Senior VP	3.6yrs	US$2.36m	0.13% € 2.1m
Kristin Erickson	Senior VP	4.3yrs	US$1.51m	0.057% € 931.2k
Richard Zay	Senior VP & Chief Commercial Officer	3.7yrs	US$2.04m	0.096% € 1.6m
Barbara Balinski	Senior VP & Chief Transformation Officer	less than a year	US$1.21m	0.045% € 739.0k
Patrick Schottler	Senior VP and Chief Marketing & Technology Officer	less than a year	no data	0.016% € 258.4k
Lorenzo Bassi	VP of Finance & Investor Relations	1.2yrs	no data	no data
Jason Peterson	Global Communications Director	no data	no data	no data
Brock Christianson	Senior VP & Chief Human Resources Officer	less than a year	no data	0.020% € 321.2k

2.4yrs

Average Tenure

54.5yo

Average Age

Experienced Management: TN1's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Huml	President	3.7yrs	US$5.52m	0.32% € 5.2m
Mark Sheahan	Director	less than a year	no data	0.0055% € 90.9k
Donal Mulligan	Chairman of Board	15.8yrs	US$266.21k	0.089% € 1.5m
Carol Eicher	Independent Director	16.3yrs	US$199.71k	0.14% € 2.2m
Timothy Morse	Independent Director	3.8yrs	US$215.96k	0.025% € 412.2k
David Windley	Independent Director	8.8yrs	US$208.46k	0.021% € 346.6k
Andrew Hider	Independent Director	2.3yrs	US$202.46k	0.014% € 227.0k
Maria Green	Independent Director	5.7yrs	US$211.21k	0.044% € 725.2k
Azita Arvani	Independent Director	12.1yrs	US$198.46k	0.075% € 1.2m

5.7yrs

Average Tenure

60yo

Average Age

Experienced Board: TN1's board of directors are considered experienced (5.7 years average tenure).

Tennant Management

Management criteria checks 2/4

Key information

Recent management updates

Tennant Company Appoints Mark W. Sheahan to its Board of Directors, Effective May 15, 2024

Tennant Company Announces Executive Appointments

Insufficient new directors

Tennant Company, Annual General Meeting, May 01, 2024

Independent Director recently sold €757k worth of stock

Tennant Company Appoints Brock Christianson as Senior Vice President, Chief Human Resources Officer, Effective November 27, 2023

Recent updates

Third quarter dividend of US$0.29 announced

Third quarter 2024 earnings released: EPS: US$1.11 (vs US$1.23 in 3Q 2023)

Tennant Company Increases Quarterly Cash Dividend, Payable December 16, 2024

Tennant Company to Report Q3, 2024 Results on Oct 31, 2024

Upcoming dividend of US$0.28 per share

Second quarter dividend of US$0.28 announced

Second quarter 2024 earnings released: EPS: US$1.48 (vs US$1.70 in 2Q 2023)

Tennant Company Updates Earnings Guidance for the Year for the Full Year 2024

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on September 16, 2024

Tennant Company to Report Q2, 2024 Results on Aug 08, 2024

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.28 per share

Tennant Company Appoints Mark W. Sheahan to its Board of Directors, Effective May 15, 2024

First quarter dividend of US$0.28 announced

Tennant Company Announces Executive Appointments

First quarter 2024 earnings released: EPS: US$1.52 (vs US$1.32 in 1Q 2023)

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on June 14, 2024

Insufficient new directors

New minor risk - Shareholder dilution

Tennant Company, Annual General Meeting, May 01, 2024

Independent Director recently sold €757k worth of stock

Tennant Company (NYSE:TNC) acquired M&F Management and Financing GmbH.

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$5.92 (vs US$3.59 in FY 2022)

Tennant Company Provides Earnings Guidance for the Full-Year of 2024

Upcoming dividend of US$0.28 per share

Third quarter dividend of US$0.28 announced

Tennant Company Declares Quarterly Cash Dividend, Payable on March 15, 2024

Tennant Company to Report Q4, 2023 Results on Feb 22, 2024

Tennant Company Unveils New T1581 Ride-On Scrubber Designed for Cleaning in Industrial Settings

Upcoming dividend of US$0.28 per share at 1.3% yield

Tennant Company Appoints Brock Christianson as Senior Vice President, Chief Human Resources Officer, Effective November 27, 2023

Tennant Company Increases its Earnings Guidance for Full-Year 2023

Third quarter 2023 earnings released: EPS: US$1.23 (vs US$0.84 in 3Q 2022)

Tennant Company Increases Quarterly Cash Dividend, Payable December 15, 2023

Tennant Company to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.27 per share at 1.3% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.70 (vs US$0.90 in 2Q 2022)

Tennant Company Revises Earnings Guidance for the Year 2023

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on September 15, 2023

Tennant Company to Report Q2, 2023 Results on Aug 04, 2023

Upcoming dividend of US$0.27 per share at 1.4% yield

Tennant Company Announces Termination of Carol E. McKnight as Senior Vice President, Chief Administrative Officer, Effective May 26, 2023

Senior VP & Chief Commercial Officer recently sold €267k worth of stock

Investor sentiment improves as stock rises 17%

First quarter 2023 earnings released: EPS: US$1.32 (vs US$0.56 in 1Q 2022)

Full year 2022 earnings released: EPS: US$3.59 (vs US$3.51 in FY 2021)

Upcoming dividend of US$0.27 per share at 1.5% yield

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on March 15, 2023

Tennant Company to Report Q4, 2022 Results on Feb 23, 2023

Now 20% undervalued

Upcoming dividend of US$0.27 per share

Third quarter 2022 earnings released: EPS: US$0.84 (vs US$1.16 in 3Q 2021)

Tennant Company Revises Earnings Guidance for the Year 2022

Tennant Company Announces Quarterly Cash Dividend, Payable on December 15, 2022

Tennant Company to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.25 per share

Senior VP & Chief Commercial Officer recently sold €174k worth of stock

Second quarter 2022 earnings released: EPS: US$0.90 (vs US$0.53 in 2Q 2021)

Tennant Company Updates Earnings Guidance for the Year 2022

Tennant Company Appoints Andrew P. Hider as Board Member

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on September 15, 2022

Tennant Company to Report Q2, 2022 Results on Aug 09, 2022

Upcoming dividend of US$0.25 per share

Tennant Company's Senior Vice President, Global Operations, Daniel E. Glusick, Gave Notice of His Intention to Resign Effective May 20, 2022

First quarter 2022 earnings released: EPS: US$0.56 (vs US$1.39 in 1Q 2021)

Tennant Company Declares Regular Quarterly Cash Dividend, Payable on June 15, 2022

Tennant Company to Report Q1, 2022 Results on Apr 28, 2022