Civeo Management

Management criteria checks 3/4

Civeo's CEO is Bradley Dodson, appointed in May 2014, has a tenure of 10.08 years. total yearly compensation is $6.31M, comprised of 11.9% salary and 88.1% bonuses, including company stock and options. directly owns 1.55% of the company’s shares, worth €5.06M. The average tenure of the management team and the board of directors is 8.5 years and 10 years respectively.

Key information

Bradley Dodson

Chief executive officer

US$6.3m

Total compensation

CEO salary percentage	11.9%
CEO tenure	10.1yrs
CEO ownership	1.6%
Management average tenure	8.5yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bradley Dodson's remuneration changed compared to Civeo's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$31m
Dec 31 2023	US$6m	US$750k	US$30m
Sep 30 2023	n/a	n/a	-US$9m
Jun 30 2023	n/a	n/a	-US$13m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	US$5m	US$750k	-US$3m
Sep 30 2022	n/a	n/a	US$23m
Jun 30 2022	n/a	n/a	US$18m
Mar 31 2022	n/a	n/a	US$10m
Dec 31 2021	US$5m	US$745k	-US$575k
Sep 30 2021	n/a	n/a	-US$13m
Jun 30 2021	n/a	n/a	-US$6m
Mar 31 2021	n/a	n/a	US$439k
Dec 31 2020	US$3m	US$633k	-US$136m
Sep 30 2020	n/a	n/a	-US$166m
Jun 30 2020	n/a	n/a	-US$168m
Mar 31 2020	n/a	n/a	-US$189m
Dec 31 2019	US$4m	US$681k	-US$60m
Sep 30 2019	n/a	n/a	-US$42m
Jun 30 2019	n/a	n/a	-US$61m
Mar 31 2019	n/a	n/a	-US$94m
Dec 31 2018	US$3m	US$595k	-US$132m
Sep 30 2018	n/a	n/a	-US$166m
Jun 30 2018	n/a	n/a	-US$174m
Mar 31 2018	n/a	n/a	-US$140m
Dec 31 2017	US$4m	US$575k	-US$106m

Compensation vs Market: Bradley's total compensation ($USD6.31M) is above average for companies of similar size in the German market ($USD1.06M).

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

CEO

Bradley Dodson (50 yo)

10.1yrs

Tenure

US$6,311,862

Compensation

Mr. Bradley J. Dodson has been the Chief Executive Officer, President and Director of Civeo Corporation since May 2014. Mr. Dodson served as an Executive Vice President of Accommodations at Oil States Inte...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bradley Dodson	CEO, President & Director	10.1yrs	US$6.31m	1.55% $ 5.1m
Peter McCann	Senior Vice President of Australia	10yrs	US$1.29m	0.31% $ 1.0m
Allan Schoening	Senior Vice President of Canada	7yrs	US$1.85m	0.14% $ 470.6k
Barclay Brewer	Senior VP	less than a year	no data	0.057% $ 184.3k
Regan Nielsen	Director of Corporate Development & Investor Relations	no data	no data	no data
Collin Gerry	Vice President of Corporate Development	no data	no data	no data
LaTosha Fraley	Corporate Secretary	no data	no data	no data

8.5yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 44C1's management team is seasoned and experienced (8.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bradley Dodson	CEO, President & Director	10.1yrs	US$6.31m	1.55% $ 5.1m
C. Blankenship	Independent Director	9.9yrs	US$236.01k	0.31% $ 997.1k
Constance Moore	Independent Director	10yrs	US$240.51k	0.28% $ 897.7k
Richard Navarre	Independent Chairman of the Board	10yrs	US$313.42k	0.40% $ 1.3m
Martin Lambert	Independent Director	10.1yrs	US$236.01k	0.38% $ 1.2m
Charles Szalkowski	Independent Director	10yrs	US$241.01k	0.21% $ 689.4k
Jagdish Grewal	Independent Director	2.8yrs	US$231.01k	0.11% $ 365.8k
Michael Montelongo	Independent Director	2.8yrs	US$248.76k	0.11% $ 365.8k
Timothy Wall	Independent Director	7.3yrs	US$226.01k	0.25% $ 820.3k

10.0yrs

Average Tenure

68yo

Average Age

Experienced Board: 44C1's board of directors are seasoned and experienced ( 10 years average tenure).

Civeo Management

Management criteria checks 3/4

Key information

Recent management updates

Civeo Corporation Announces Executive Changes

Senior Vice President of Australia recently sold €116k worth of stock

Civeo Corporation, Annual General Meeting, May 15, 2024

Civeo Corporation Announces Retirement of Allan D. Schoening as Senior Vice President

Independent Director recently sold €116k worth of stock

Independent Director recently sold €333k worth of stock

Recent updates

Civeo Corporation Announces Executive Changes

Upcoming dividend of US$0.25 per share

Senior Vice President of Australia recently sold €116k worth of stock

First quarter 2024 earnings released: US$0.35 loss per share (vs US$0.42 loss in 1Q 2023)

Civeo Corporation Declares Quarterly Cash Dividend, Payable on June 17, 2024

Civeo Corporation to Report Q1, 2024 Results on Apr 26, 2024

Civeo Corporation, Annual General Meeting, May 15, 2024

New major risk - Revenue and earnings growth

Civeo Corporation Provides Revenue Guidance for the Full Year 2024

Civeo Corporation to Report Q4, 2023 Results on Feb 29, 2024

Upcoming dividend of US$0.25 per share at 4.4% yield

Civeo Corporation Declares Quarterly Cash Dividend, Payable on March 18, 2024

Civeo Corporation Announces Retirement of Allan D. Schoening as Senior Vice President

Upcoming dividend of US$0.25 per share at 2.2% yield

Civeo Corporation Declares Quarterly Cash Dividend, Payable on December 18, 2023

Civeo Corporation Revises Earnings Guidance for the Full Year of 2023

Third quarter 2023 earnings released: EPS: US$0.61 (vs US$0.32 in 3Q 2022)

Civeo Corporation to Report Q3, 2023 Results on Oct 27, 2023

An unknown buyer agreed to acquire McClelland Lake Lodge assets of Civeo Corporationfor CAD 49 million.

Civeo Corporation Initiates Regular Quarterly Dividend, Payable on September 29, 2023

Civeo Corporation Initiates Regular Quarterly Dividend, Payable on September 29, 2023

Civeo Corporation Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.30 (vs US$0.55 in 2Q 2022)

Civeo Corporation to Report Q2, 2023 Results on Jul 28, 2023

First quarter 2023 earnings released: US$0.42 loss per share (vs US$0.065 profit in 1Q 2022)

Independent Director recently sold €116k worth of stock

Full year 2022 earnings released: EPS: US$0.16 (vs US$0.04 loss in FY 2021)

Civeo Corporation to Report Q4, 2022 Results on Feb 28, 2023

Independent Director recently sold €333k worth of stock

Senior Vice President of Canada recently sold €155k worth of stock

Third quarter 2022 earnings released: EPS: US$0.38 (vs US$0.004 in 3Q 2021)

Civeo Corporation Provides Revenue Guidance for the Full Year 2022

Civeo Corporation to Report Q3, 2022 Results on Oct 28, 2022

Senior Vice President of Canada recently sold €120k worth of stock

Civeo Corporation (NYSE:CVEO) announces an Equity Buyback for 375,000 shares, representing 2.6% of its issued share capital.

Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.033 loss in 2Q 2021)

Civeo Corporation Revises Earnings Guidance for the Year 2022

Civeo Corporation to Report Q2, 2022 Results on Jul 29, 2022

Civeo Corporation, Annual General Meeting, May 18, 2022

Civeo Corporation Revises Earnings Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: US$0.065 (vs US$0.70 loss in 1Q 2021)

Civeo Corporation to Report Q1, 2022 Results on Apr 29, 2022

Conversant Opportunity Master Fund LP, managed by Conversant Capital LLC acquired a 6.8% stake in Civeo Corporation (NYSE:CVEO) from 989677 Alberta Ltd and Lance Torgerson for $21.8 million.

Senior Vice President of Canada recently sold €108k worth of stock

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

Civeo Corporation Provides Earnings Guidance for the Full Year of 2022

Civeo Corporation to Report Q4, 2021 Results on Feb 28, 2022

Forecast to breakeven in 2022

Senior Vice President of Canada recently sold €92k worth of stock

Forecast to breakeven in 2022

Second quarter 2021 earnings released: US$0.033 loss per share (vs US$0.37 profit in 2Q 2020)

First quarter 2021 earnings released: US$0.67 loss per share (vs US$10.44 loss in 1Q 2020)

Civeo Corporation Provides Earnings Guidance for the Year 2021

Full year 2020 earnings released: US$9.64 loss per share (vs US$4.34 loss in FY 2019)

Civeo Corporation to Report Q4, 2020 Results on Feb 26, 2021

New 90-day high: €15.50

New 90-day high: €14.10

New 90-day high: €13.40

Civeo Regains Compliance with NYSE Minimum Price Listing Standard

New 90-day high: €12.67

New 90-day high: €12.66

Senior Vice President of Canada recently sold €68k worth of stock

Senior Vice President of Canada recently sold €68k worth of stock

New 90-day high: €0.80

Third quarter 2020 earnings released: EPS US$0.033

Revenue beats expectations

Civeo Corporation to Report Q3, 2020 Results on Oct 28, 2020

New 90-day high - €0.70

Civeo Corporation to Report Q2, 2020 Results on Jul 29, 2020