Quad/Graphics Management

Management criteria checks 3/4

Quad/Graphics' CEO is J. Quadracci, appointed in Jan 2005, has a tenure of 19.25 years. total yearly compensation is $8.51M, comprised of 12.8% salary and 87.2% bonuses, including company stock and options. directly owns 4.91% of the company’s shares, worth €10.57M. The average tenure of the management team and the board of directors is 7.3 years and 9 years respectively.

Key information

J. Quadracci

Chief executive officer

US$8.5m

Total compensation

CEO salary percentage	12.8%
CEO tenure	19.3yrs
CEO ownership	4.9%
Management average tenure	7.3yrs
Board average tenure	9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has J. Quadracci's remuneration changed compared to Quad/Graphics's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$9m	US$1m	-US$55m
Sep 30 2023	n/a	n/a	-US$42m
Jun 30 2023	n/a	n/a	-US$26m
Mar 31 2023	n/a	n/a	-US$14m
Dec 31 2022	US$9m	US$1m	US$9m
Sep 30 2022	n/a	n/a	-US$3m
Jun 30 2022	n/a	n/a	-US$2m
Mar 31 2022	n/a	n/a	US$27m
Dec 31 2021	US$9m	US$1m	US$38m
Sep 30 2021	n/a	n/a	-US$27m
Jun 30 2021	n/a	n/a	-US$38m
Mar 31 2021	n/a	n/a	-US$88m
Dec 31 2020	US$3m	US$850k	-US$106m
Sep 30 2020	n/a	n/a	-US$14m
Jun 30 2020	n/a	n/a	-US$63m
Mar 31 2020	n/a	n/a	-US$52m
Dec 31 2019	US$6m	US$1m	-US$56m
Sep 30 2019	n/a	n/a	-US$74m
Jun 30 2019	n/a	n/a	US$1m
Mar 31 2019	n/a	n/a	US$22m
Dec 31 2018	US$6m	US$998k	US$31m
Sep 30 2018	n/a	n/a	US$97m
Jun 30 2018	n/a	n/a	US$89m
Mar 31 2018	n/a	n/a	US$78m
Dec 31 2017	US$6m	US$995k	US$118m

Compensation vs Market: J.'s total compensation ($USD8.51M) is above average for companies of similar size in the German market ($USD691.02K).

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

CEO

J. Quadracci (54 yo)

19.3yrs

Tenure

US$8,510,486

Compensation

Mr. J. Joel Quadracci serves as Independent Director at Plexus Corp. since April 02, 2020. He serves as President of Quad/Greenfield, LLC and Graphic Imaging Technology, LLC. Mr. Quadracci has been the Cha...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Quadracci	Chairman	19.3yrs	US$8.51m	4.91% $ 10.6m
Anthony Staniak	Chief Financial Officer	15.3yrs	US$1.38m	0.50% $ 1.1m
David Honan	Executive VP & COO	2.3yrs	US$3.00m	1.26% $ 2.7m
Eric Ashworth	Executive VP of Product & Market Strategy and President of Quad Agency Solutions	8yrs	US$1.95m	0.43% $ 936.7k
Kelly Vanderboom	Executive VP	17.3yrs	US$1.78m	0.52% $ 1.1m
Anne Bauer	VP & Chief Accounting Officer	7.1yrs	no data	0.093% $ 199.7k
Steven Jaeger	Chief Information Officer	10.1yrs	US$1.20m	0.26% $ 569.1k
Donald McKenna	Executive VP & Chief Administrative Officer	2.3yrs	no data	0.29% $ 617.7k
Dana Gruen	Chief Risk & Compliance Officer	7.3yrs	no data	0.24% $ 515.9k
Joshua Golden	Chief Marketing Officer	2.8yrs	no data	0.27% $ 572.1k
Robert Quadracci	Chief Human Resources Officer	1.1yrs	no data	no data
Kent Brooks	President of Publishing Solutions	no data	no data	no data

7.3yrs

Average Tenure

54yo

Average Age

Experienced Management: QGU's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Quadracci	Chairman	20.3yrs	US$8.51m	4.91% $ 10.6m
John Fowler	Director	7.8yrs	US$305.87k	0.15% $ 314.0k
John Shiely	Independent Director	28.3yrs	US$285.87k	0.12% $ 255.1k
Beth-Ann Eason	Independent Director	1.3yrs	US$277.78k	0% $ 0
Douglas Buth	Independent Director	19.3yrs	US$290.87k	0.16% $ 354.1k
Jay Rothman	Independent Director	6.9yrs	US$265.87k	0.0072% $ 15.6k
Christopher Harned	Director	19.3yrs	US$282.87k	1.41% $ 3.0m
Kathryn Flores	Director	10.3yrs	US$265.87k	0.16% $ 353.1k
Stephen Fuller	Independent Director	7.8yrs	US$265.87k	0.020% $ 43.6k
Melanie Huet	Independent Director	less than a year	US$87.94k	0% $ 0

9.0yrs

Average Tenure

61yo

Average Age

Experienced Board: QGU's board of directors are considered experienced (9 years average tenure).

Quad/Graphics Management

Management criteria checks 3/4

Key information

Recent management updates

Quad/Graphics, Inc., Annual General Meeting, May 22, 2024

Quad/Graphics, Inc. Names Joshua Lowcock as President of Quad Media

Quad Appoints Melanie Huet to Board of Directors

Quad/Graphics, Inc. Appoints Beth-Ann Eason to Quad’s Board of Directors

Quad/Graphics, Inc. Announces Executive Changes

Insufficient new directors

Recent updates

Quad/Graphics, Inc. Declares Quarterly Dividend, Payable on June 7, 2024

Quad/Graphics, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Quad/Graphics, Inc., Annual General Meeting, May 22, 2024

New major risk - Share price stability

Quad Announces New Predictive Model of Consumer Attitudes in Health Insurance

Quad/Graphics, Inc. Announces New Postal Optimization Program for Mailers Impacted by USPS Postage Rate Hikes

Full year 2023 earnings released: US$1.15 loss per share (vs US$0.18 profit in FY 2022)

Quad/Graphics, Inc. Provides Financial Guidance for Full-Year 2024

New minor risk - Share price stability

Quad/Graphics, Inc. Declares Quarterly Dividend on Common Stock, Payable on March 12, 2024

Quad/Graphics, Inc. to Report Q4, 2023 Results on Feb 20, 2024

Quad/Graphics, Inc. (NYSE:QUAD) acquired DART Innovation, LLC.

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.056 loss per share (vs US$0.27 profit in 3Q 2022)

Quad/Graphics, Inc. Revises Sales Guidance for 2023

Quad/Graphics, Inc. Revises Sales Guidance for 2023

Quad/Graphics, Inc. Names Joshua Lowcock as President of Quad Media

Quad Appoints Melanie Huet to Board of Directors

New major risk - Revenue and earnings growth

Quad/Graphics, Inc. Reaffirms Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: US$0.12 loss per share (vs US$0.10 profit in 2Q 2022)

Quad/Graphics, Inc. Debuts New Built on Quad Brand Campaign

First quarter 2023 earnings released: US$0.50 loss per share (vs US$0.019 loss in 1Q 2022)

Investor sentiment improves as stock rises 24%

Full year 2022 earnings released: EPS: US$0.18 (vs US$0.74 in FY 2021)

Quad/Graphics, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Quad/Graphics, Inc. Appoints Beth-Ann Eason to Quad’s Board of Directors

Quad/Graphics, Inc. Announces Executive Changes

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.27 (vs US$0.28 in 3Q 2021)

Quad/Graphics, Inc. Updates Earnings Guidance for the Full Year 2022

Second quarter 2022 earnings released: EPS: US$0.10 (vs US$0.67 in 2Q 2021)

Quad/Graphics, Inc. Reaffirms Earnings Guidance for the Full Year 2022

Quad/Graphics, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: US$0.019 loss per share (vs US$0.20 profit in 1Q 2021)

Quad/Graphics, Inc. Provides Unchanged Earnings Guidance for the Full Year 2022

Insufficient new directors

Quad/Graphics, Inc. to Report Q1, 2022 Results on May 04, 2022

Quad/Graphics, Inc., Annual General Meeting, May 23, 2022

Quad/Graphics, Inc., Annual General Meeting, May 23, 2022

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Quad/Graphics, Inc. Provides Earnings Guidance for the Year 2022

Industrial Realty Group, LLC acquired Former Oklahoma City and Fernley Manufacturing Facilities of Quad/Graphics, Inc. from Quad/Graphics, Inc. (NYSE:QUAD).

Third quarter 2021 earnings released: EPS US$0.26 (vs US$0.053 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.67 (vs US$0.29 loss in 2Q 2020)

Mullen Group Ltd. (TSX:MTL) acquired Quad Logistics Services, LLC from Quad/Graphics, Inc. (NYSE:QUAD) for $40 million.

Quad/Graphics, Inc.(NYSE:QUAD) dropped from Russell 3000E Value Index

Chairman recently bought €168k worth of stock

First quarter 2021 earnings released: EPS US$0.20 (vs US$0.17 loss in 1Q 2020)

Quad/Graphics, Inc. Announces Impairment Charges for the First Quarter Ended March 31, 2021

Full year 2020 earnings released: US$2.10 loss per share (vs US$1.11 loss in FY 2019)

New 90-day high: €3.82

New 90-day high: €3.38

New 90-day high: €3.06

Quad/Graphics, Inc. Names Julie Currie as Executive Vice President & Chief Revenue Officer

Independent Director recently bought €93k worth of stock

Third quarter 2020 earnings released: EPS US$0.05

New 90-day low: €1.85

Quad Launches Innovative Direct Marketing Platform to Disrupt Industry

Berryville Graphics, Inc. acquired Two Remaining Book Manufacturing Facilities of Quad/Graphics, Inc. (NYSE:QUAD).

Quad/Graphics, Inc. Withdraws Financial Guidance

First half earnings released

Quad/Graphics, Inc. to Report Q2, 2020 Results on Aug 05, 2020

CEO Compensation Analysis

CEO