Acushnet Holdings Management

Management criteria checks 2/4

Acushnet Holdings' CEO is David Maher, appointed in Jan 2018, has a tenure of 6.33 years. total yearly compensation is $8.84M, comprised of 12.2% salary and 87.8% bonuses, including company stock and options. directly owns 1.19% of the company’s shares, worth €44.38M. The average tenure of the management team and the board of directors is 4.8 years and 5.6 years respectively.

Key information

David Maher

Chief executive officer

US$8.8m

Total compensation

CEO salary percentage	12.2%
CEO tenure	6.3yrs
CEO ownership	1.2%
Management average tenure	4.8yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Maher's remuneration changed compared to Acushnet Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$193m
Dec 31 2023	US$9m	US$1m	US$198m
Sep 30 2023	n/a	n/a	US$225m
Jun 30 2023	n/a	n/a	US$220m
Mar 31 2023	n/a	n/a	US$212m
Dec 31 2022	US$6m	US$1m	US$199m
Sep 30 2022	n/a	n/a	US$173m
Jun 30 2022	n/a	n/a	US$160m
Mar 31 2022	n/a	n/a	US$175m
Dec 31 2021	US$8m	US$1m	US$179m
Sep 30 2021	n/a	n/a	US$227m
Jun 30 2021	n/a	n/a	US$251m
Mar 31 2021	n/a	n/a	US$172m
Dec 31 2020	US$7m	US$900k	US$96m
Sep 30 2020	n/a	n/a	US$92m
Jun 30 2020	n/a	n/a	US$59m
Mar 31 2020	n/a	n/a	US$95m
Dec 31 2019	US$6m	US$800k	US$121m
Sep 30 2019	n/a	n/a	US$115m
Jun 30 2019	n/a	n/a	US$92m
Mar 31 2019	n/a	n/a	US$93m
Dec 31 2018	US$5m	US$750k	US$100m
Sep 30 2018	n/a	n/a	US$107m
Jun 30 2018	n/a	n/a	US$109m
Mar 31 2018	n/a	n/a	US$102m
Dec 31 2017	US$1m	US$575k	US$99m

Compensation vs Market: David's total compensation ($USD8.84M) is above average for companies of similar size in the German market ($USD2.36M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

David Maher (55 yo)

6.3yrs

Tenure

US$8,838,717

Compensation

Mr. David E. Maher has been the Chief Executive Officer and President of Acushnet Holdings Corp. since January 1, 2018 and its Director since March 29, 2018. He was appointed President and Chief Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Maher	President	6.3yrs	US$8.84m	1.19% $ 44.4m
Sean Sullivan	Executive VP & CFO	less than a year	US$7.16m	0.094% $ 3.5m
Mary Bohn	President of Titleist Golf Balls	7.9yrs	US$2.72m	0.25% $ 9.5m
Steven Pelisek	President of Titleist Golf Clubs	8.2yrs	US$2.75m	0.14% $ 5.1m
Christopher Lindner	President of FootJoy	7.8yrs	US$2.20m	0.16% $ 6.0m
Nicholas Mohamed	VP, Controller & Principal Accounting Officer	1.1yrs	no data	0.0059% $ 218.1k
Roger Czuchra	Executive VP and Chief Technology & Digital Officer	1.5yrs	no data	0.0040% $ 148.2k
Roland Giroux	Executive VP	2.8yrs	no data	0.054% $ 2.0m
Brendan Reidy	Executive VP & Chief People Officer	5.3yrs	no data	0.093% $ 3.5m
John Duke	President of Titleist Golf Gear	10.3yrs	no data	0.23% $ 8.5m
Timo Regier	Managing Director of KJUS European Operations	4.3yrs	no data	no data
Brooke Mackenzie	President of Worldwide Operations of KJUS	4.3yrs	no data	no data

4.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 163's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Maher	President	6.2yrs	US$8.84m	1.19% $ 44.4m
Steven Tishman	Independent Director	7.6yrs	US$255.24k	0.013% $ 487.3k
Gregory Hewett	Independent Director	7.6yrs	US$252.39k	0.018% $ 664.5k
Yoon Yoon	Chairman of the Board	13.3yrs	US$337.73k	0.0072% $ 269.1k
Jan Singer	Independent Director	2.5yrs	US$240.61k	0% $ 0
Keun Yoon	Independent Director	5.1yrs	US$240.61k	0.026% $ 977.1k
Leanne Cunningham	Independent Director	less than a year	US$193.52k	0.0046% $ 170.9k
Ho Yeon Lee	Independent Director	1.8yrs	US$232.76k	0.0083% $ 307.8k

5.6yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 163's board of directors are considered experienced (5.6 years average tenure).

Acushnet Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Acushnet Holdings Corp., Annual General Meeting, Jun 03, 2024

President of Titleist Golf Balls recently sold €2.2m worth of stock

President of FootJoy recently sold €787k worth of stock

President of Titleist Golf Clubs recently sold €1.1m worth of stock

President recently sold €3.6m worth of stock

President of FootJoy recently sold €379k worth of stock

Recent updates

First quarter dividend of US$0.21 announced

First quarter 2024 earnings released: EPS: US$1.36 (vs US$1.37 in 1Q 2023)

Acushnet Holdings Corp. to Report Q1, 2024 Results on May 07, 2024

Acushnet Holdings Corp., Annual General Meeting, Jun 03, 2024

President of Titleist Golf Balls recently sold €2.2m worth of stock

Full year 2023 earnings released: EPS: US$2.96 (vs US$2.77 in FY 2022)

Acushnet Holdings Corp. Declares Increase of its Quarterly Cash Dividend on its Common Stock, Payable on March 22, 2024

Acushnet Holdings Corp. to Report Fiscal Year 2023 Results on Feb 29, 2024

President of FootJoy recently sold €787k worth of stock

President of Titleist Golf Clubs recently sold €1.1m worth of stock

Upcoming dividend of US$0.20 per share at 1.4% yield

Acushnet Holdings Corp. Re-Affirms Net Sales Guidance for the Full-Year 2023

Third quarter 2023 earnings released: EPS: US$0.86 (vs US$0.72 in 3Q 2022)

Acushnet Holdings Corp. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.20 per share at 1.3% yield

President recently sold €3.6m worth of stock

Acushnet Holdings Corp. Revises Earnings Guidance for the Full-Year 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.09 (vs US$0.91 in 2Q 2022)

Acushnet Holdings Corp. to Report Q2, 2023 Results on Aug 03, 2023

Acushnet Holdings Corp.(NYSE:GOLF) dropped from Russell 2000 Value-Defensive Index

President of FootJoy recently sold €379k worth of stock

Acushnet Holdings Corp. Announces Executive Changes

Upcoming dividend of US$0.20 per share at 1.8% yield

Acushnet Holdings Corp. Affirms Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$1.37 (vs US$1.10 in 1Q 2022)

Acushnet Holdings Corp. Declares Quarterly Cash Dividend, Payable on June 16, 2023

Executive VP recently sold €972k worth of stock

Full year 2022 earnings released: EPS: US$2.77 (vs US$2.40 in FY 2021)

Acushnet Holdings Corp. to Report Q4, 2022 Results on Mar 01, 2023

Acushnet Holdings Corp. (NYSE:GOLF) acquired Club Glove brand of West Coast Trends, Inc.

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.18 per share

President of Titleist Golf Clubs recently sold €1.4m worth of stock

President of Titleist Golf Clubs recently sold €1.4m worth of stock

Third quarter 2022 earnings released: EPS: US$0.72 (vs US$0.53 in 3Q 2021)

Acushnet Holdings Corp. Declares Quarterly Cash Dividend, Payable on December 16, 2022

Acushnet Holdings Corp. to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.18 per share

Second quarter 2022 earnings released: EPS: US$0.91 (vs US$1.09 in 2Q 2021)

Acushnet Holdings Corp. Declares Quarterly Cash Dividend, Payable on September 16, 2022

Acushnet Holdings Corp. Appoints Ho Yeon (Aaron) Lee to Board

Acushnet Holdings Corp. to Report Q2, 2022 Results on Aug 04, 2022

Acushnet Holdings Corp. Announces Executive Changes

Insufficient new directors

Upcoming dividend of US$0.18 per share

First quarter 2022 earnings released: EPS: US$1.10 (vs US$1.14 in 1Q 2021)

Insufficient new directors

Acushnet Holdings Corp. to Report Q1, 2022 Results on May 05, 2022

Acushnet Holdings Corp., Annual General Meeting, Jun 06, 2022

Acushnet Holdings Corp. Provides Consolidated Earnings Guidance for the Full Year 2022

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

Acushnet Holdings Corp. to Report Q4, 2021 Results on Mar 01, 2022

Upcoming dividend of US$0.17 per share

President of FootJoy recently sold €551k worth of stock

Third quarter 2021 earnings released: EPS US$0.53 (vs US$0.85 in 3Q 2020)

Upcoming dividend of US$0.17 per share

Second quarter 2021 earnings released: EPS US$1.09 (vs US$0.031 in 2Q 2020)

Upcoming dividend of US$0.17 per share

Acushnet Holdings Corp. Provides Consolidated Earnings Guidance for the Full-Year 2021

Acushnet Holdings Corp. Declares a Quarterly Cash Dividend, Payable on June 18, 2021

Full year 2020 earnings released: EPS US$1.29 (vs US$1.61 in FY 2019)

Revenue beats expectations

Acushnet Holdings Corp. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €37.80

Acushnet Holdings Corp.(NYSE:GOLF) dropped from Russell 2000 Dynamic Index

Acushnet Holdings Corp. Announces Not to Provide Guidance for the Fiscal 2020

Acushnet Holdings Corp. Withdraws Guidance for the Full Year of 2020

First half earnings released