Vicor Management

Management criteria checks 3/4

Vicor's CEO is Patrizio Vinciarelli, appointed in Jan 1981, has a tenure of 43.25 years. total yearly compensation is $657.10K, comprised of 64.7% salary and 35.3% bonuses, including company stock and options. directly owns 46.35% of the company’s shares, worth €663.13M. The average tenure of the management team and the board of directors is 8.8 years and 4.8 years respectively.

Key information

Patrizio Vinciarelli

Chief executive officer

US$657.1k

Total compensation

CEO salary percentage	64.7%
CEO tenure	43.3yrs
CEO ownership	46.4%
Management average tenure	8.8yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrizio Vinciarelli's remuneration changed compared to Vicor's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$45m
Dec 31 2023	n/a	n/a	US$54m
Sep 30 2023	n/a	n/a	US$53m
Jun 30 2023	n/a	n/a	US$38m
Mar 31 2023	n/a	n/a	US$32m
Dec 31 2022	US$657k	US$425k	US$25m
Sep 30 2022	n/a	n/a	US$26m
Jun 30 2022	n/a	n/a	US$38m
Mar 31 2022	n/a	n/a	US$47m
Dec 31 2021	US$464k	US$408k	US$57m
Sep 30 2021	n/a	n/a	US$59m
Jun 30 2021	n/a	n/a	US$51m
Mar 31 2021	n/a	n/a	US$35m
Dec 31 2020	US$143k	US$123k	US$18m
Sep 30 2020	n/a	n/a	US$8m
Jun 30 2020	n/a	n/a	US$8m
Mar 31 2020	n/a	n/a	US$8m
Dec 31 2019	US$451k	US$397k	US$14m
Sep 30 2019	n/a	n/a	US$20m
Jun 30 2019	n/a	n/a	US$27m
Mar 31 2019	n/a	n/a	US$32m
Dec 31 2018	US$444k	US$390k	US$32m
Sep 30 2018	n/a	n/a	US$26m
Jun 30 2018	n/a	n/a	US$13m
Mar 31 2018	n/a	n/a	US$5m
Dec 31 2017	US$2m	US$390k	US$167k

Compensation vs Market: Patrizio's total compensation ($USD657.10K) is below average for companies of similar size in the German market ($USD1.62M).

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

CEO

Patrizio Vinciarelli (76 yo)

43.3yrs

Tenure

US$657,101

Compensation

Dr. Patrizio Vinciarelli, Ph.D. founded Vicor Corporation in 1981 and has been its Chairman, Chief Executive Officer, President and Director since 1981. Prior thereto, Dr. Vinciarelli was a Fellow from 197...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrizio Vinciarelli	Founder	43.3yrs	US$657.10k	46.35% $ 663.1m
James Schmidt	Corporate VP	2.8yrs	US$756.01k	0.0020% $ 28.2k
Michael McNamara	Corporate VP	8.8yrs	US$550.52k	0.00032% $ 4.6k
Philip Davies	Corporate VP of Global Sales & Marketing and Director	13.2yrs	US$1.23m	0% $ 0
Claudio Tuozzolo	Corporate VP & Director	no data	US$682.07k	0.089% $ 1.3m
Quentin Fendelet	Corporate VP & Chief Accounting Officer	2.1yrs	no data	no data
Alvaro Doyle	Corporate VP & Chief Information Officer	3.6yrs	no data	0.000090% $ 1.3k
Stephen Germino	Director of Media Relations & PR	no data	no data	no data
Nancy Grava	Corporate Vice President of Human Resources	8.8yrs	no data	0.0067% $ 95.7k
Kemble Morrison	VP & Corporate Controller	16.7yrs	no data	no data

8.8yrs

Average Tenure

61yo

Average Age

Experienced Management: VCV's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrizio Vinciarelli	Founder	43.3yrs	US$657.10k	46.35% $ 663.1m
James Schmidt	Corporate VP	2.8yrs	US$756.01k	0.0020% $ 28.2k
Michael McNamara	Corporate VP	4.8yrs	US$550.52k	0.00032% $ 4.6k
Philip Davies	Corporate VP of Global Sales & Marketing and Director	4.8yrs	US$1.23m	0% $ 0
Claudio Tuozzolo	Corporate VP & Director	17.3yrs	US$682.07k	0.089% $ 1.3m
Samuel Anderson	Independent Director	23.3yrs	US$80.76k	0.0085% $ 121.9k
Jason Carlson	Independent Director	15.7yrs	US$80.76k	0% $ 0
M. Ansour	Independent Director	2.8yrs	US$80.76k	0% $ 0
Estia Eichten	Independent Director	43.3yrs	US$80.76k	2.09% $ 29.9m
Andrew D'Amico	Non-Independent Director	3.5yrs	US$50.76k	no data
Zmira Lavie	Independent Director	1.8yrs	US$65.76k	no data
John Shen	Independent Director	1.8yrs	US$65.76k	no data

4.8yrs

Average Tenure

62yo

Average Age

Experienced Board: VCV's board of directors are considered experienced (4.8 years average tenure).

Vicor Management

Management criteria checks 3/4

Key information

Recent management updates

Corporate VP & Director recently sold €472k worth of stock

High number of new directors

Independent Director recently sold €318k worth of stock

Vicor Corporation Announces Election of Directors

Vicor Corporation, Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

Recent updates

First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.26 in 1Q 2023)

Vicor Corporation to Report Q1, 2024 Results on Apr 23, 2024

Investor sentiment deteriorates as stock falls 19%

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$1.21 (vs US$0.58 in FY 2022)

Vicor Corporation to Report Q4, 2023 Results on Feb 22, 2024

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 22%

Third quarter 2023 earnings released: EPS: US$0.37 (vs US$0.041 in 3Q 2022)

Vicor Corporation(NasdaqGS:VICR) dropped from S&P 400 Industrials (Sector)

Vicor Corporation to Report Q3, 2023 Results on Oct 24, 2023

Now 22% undervalued

Corporate VP & Director recently sold €472k worth of stock

New major risk - Share price stability

Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.24 in 2Q 2022)

Vicor Corporation to Report Q2, 2023 Results on Jul 25, 2023

Now 22% undervalued

Investor sentiment improves as stock rises 24%

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.26 (vs US$0.11 in 1Q 2022)

Now 22% undervalued after recent price drop

Now 23% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$0.58 (vs US$1.30 in FY 2021)

Vicor Corporation to Report Q4, 2022 Results on Feb 23, 2023

Vicor Corporation Explores CCell Renewables Efforts to Fight Global Coastal Erosion

High number of new directors

Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.30 in 3Q 2021)

Investor sentiment deteriorated over the past week

Vicor Corporation to Report Q3, 2022 Results on Oct 25, 2022

Investor sentiment deteriorated over the past week

Independent Director recently sold €318k worth of stock

Second quarter 2022 earnings released: EPS: US$0.24 (vs US$0.45 in 2Q 2021)

Vicor Corporation to Report Q2, 2022 Results on Jul 21, 2022

Vicor Corporation Announces Election of Directors

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Vicor Corporation, Annual General Meeting, Jun 24, 2022

Less than half of directors are independent

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.35 in 1Q 2021)

Vicor Corporation to Report Q1, 2022 Results on Apr 21, 2022

Vicor Demonstrates Highest Power Density Automotive Solutions for xEVs At World Congress Experience 2022 in Detroit

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Vicor Corporation to Report Q4, 2021 Results on Feb 24, 2022

Vicor Corporation Announces Management Changes

Now 22% undervalued after recent price drop

Founder recently sold €122k worth of stock

Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.13 in 3Q 2020)

Corporate VP & Director recently sold €119k worth of stock

Insider recently sold €119k worth of stock

Independent Director recently sold €578k worth of stock

Corporate VP & Director recently sold €586k worth of stock

Second quarter 2021 earnings released: EPS US$0.45 (vs US$0.064 in 2Q 2020)

Less than half of directors are independent

Vicor Corporation Provides Earnings Guidance for the Third Quarter of 2021

Second quarter 2021 earnings released: EPS US$0.45 (vs US$0.064 in 2Q 2020)

Vicor Corporation(NasdaqGS:VICR) dropped from Russell 2000 Dynamic Index

First quarter 2021 earnings released: EPS US$0.35 (vs US$0.043 loss in 1Q 2020)

Corporate VP recently sold €54k worth of stock

Founder recently sold €302k worth of stock

Full year 2020 earnings released

Revenue beats expectations

James A. Simms to Resign as Vicor Corporation's Chief Financial Officer, Effective June 30, 2021

Vicor Corporation Announces Resignation of James A. Simms as Corporate Vice President, Treasurer, and Secretary, Effective June 30, 2021

New 90-day high: €84.92

Vicor Corporation to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €80.24

Vicor Announces Launch of its First Radiation-Fault-Tolerant DC-DC Converter Power Modules

New 90-day high: €75.26