Empire Management

Management criteria checks 3/4

Empire's CEO is Mike Medline, appointed in Jan 2017, has a tenure of 7.83 years. total yearly compensation is CA$7.95M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth €4.48M. The average tenure of the management team and the board of directors is 2.5 years and 10.8 years respectively.

Key information

Mike Medline

Chief executive officer

CA$8.0m

Total compensation

CEO salary percentage	16.8%
CEO tenure	7.8yrs
CEO ownership	0.07%
Management average tenure	2.5yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Medline's remuneration changed compared to Empire's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 03 2024	n/a	n/a	CA$672m
May 04 2024	CA$8m	CA$1m	CA$725m
Feb 03 2024	n/a	n/a	CA$759m
Nov 04 2023	n/a	n/a	CA$751m
Aug 05 2023	n/a	n/a	CA$760m
May 06 2023	CA$7m	CA$1m	CA$686m
Feb 04 2023	n/a	n/a	CA$682m
Nov 05 2022	n/a	n/a	CA$759m
Aug 06 2022	n/a	n/a	CA$745m
May 07 2022	CA$9m	CA$1m	CA$746m
Jan 29 2022	n/a	n/a	CA$739m
Oct 30 2021	n/a	n/a	CA$712m
Jul 31 2021	n/a	n/a	CA$698m
May 01 2021	CA$7m	CA$1m	CA$702m
Jan 30 2021	n/a	n/a	CA$707m
Oct 31 2020	n/a	n/a	CA$652m
Aug 01 2020	n/a	n/a	CA$645m
May 02 2020	CA$13m	CA$1m	CA$584m
Feb 01 2020	n/a	n/a	CA$528m
Nov 02 2019	n/a	n/a	CA$473m
Aug 03 2019	n/a	n/a	CA$422m
May 04 2019	CA$5m	CA$1m	CA$387m
Feb 02 2019	n/a	n/a	CA$336m
Nov 03 2018	n/a	n/a	CA$329m
Aug 04 2018	n/a	n/a	CA$201m
May 05 2018	CA$6m	CA$900k	CA$160m

Compensation vs Market: Mike's total compensation ($USD5.69M) is above average for companies of similar size in the German market ($USD3.59M).

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

CEO

Mike Medline (61 yo)

7.8yrs

Tenure

CA$7,952,793

Compensation

Mr. Michael Bennett Medline, also known as Mike, serves as Independent Director at The Bank of Nova Scotia since September 01, 2023. He has been the Chief Executive Officer and President of Empire Company...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Medline	President	7.8yrs	CA$7.95m	0.067% € 4.5m
Matt Reindel	Executive VP & CFO	3.1yrs	CA$2.17m	0.0024% € 159.2k
Pierre St-Laurent	Chief Operating Officer	5.5yrs	CA$3.38m	0.0022% € 147.9k
Douglas Nathanson	Executive VP	1.9yrs	CA$1.82m	0.0088% € 588.3k
Simon Gagné	Executive VP & Chief Human Resources Officer	no data	CA$2.20m	no data
Clinton Keay	Senior Vice President of Corporate Finance	less than a year	CA$1.22m	no data
Julia Knox	Chief Technology and Analytics Officer & Chief Privacy Officer	1.2yrs	no data	no data
Katie Brine	Director of Investor Relations	no data	no data	no data
Sandra Sanderson	Chief Marketing Officer	1.2yrs	no data	0.0076% € 509.0k
John Morrow	VP & Comptroller	no data	no data	no data
Charles Mulvenna	President of Safeway Operations - Sobeys	no data	CA$3.44m	no data
Yves Laverdière	President of Sobeys Québec	8.8yrs	CA$1.77m	no data

2.5yrs

Average Tenure

Experienced Management: C15's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Medline	President	7.7yrs	CA$7.95m	0.067% € 4.5m
Gregory Josefowicz	Independent Director	8.4yrs	CA$255.00k	0% € 0
Martine Turcotte	Independent Director	12.8yrs	CA$230.00k	0.0048% € 320.5k
William Linton	Independent Director	9.8yrs	CA$235.00k	0.00037% € 24.7k
Robert G. Sobey	Independent Director	26.8yrs	CA$235.00k	0.0031% € 206.5k
Paul Sobey	Independent Director	31.8yrs	CA$230.00k	0.41% € 27.0m
Frank Sobey	Independent Director	17.8yrs	CA$230.00k	0.28% € 18.7m
Karl Sobey	Independent Director	23.8yrs	CA$230.00k	0.0029% € 193.2k
James Dickson	Independent Chairman	9.2yrs	CA$450.00k	0.0094% € 623.0k
Cynthia Devine	Independent Director	11.8yrs	CA$235.00k	0.0013% € 84.6k
Sharon Driscoll	Independent Director	6.8yrs	CA$265.00k	0% € 0
Martine Reardon	Independent Director	7.8yrs	CA$250.00k	0% € 0

10.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: C15's board of directors are seasoned and experienced ( 10.8 years average tenure).

Empire Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold €956k worth of stock

Independent Chairman recently sold €365k worth of stock

Empire Company Limited, Annual General Meeting, Mar 14, 2024

Empire Company Limited Appoints Clinton Keay as Senior Vice President, Corporate Finance

Chief Operating Officer recently sold €491k worth of stock

President recently bought €262k worth of stock

Recent updates

Empire Company Limited to Report Q1, 2026 Results on Sep 11, 2025

Upcoming dividend of CA$0.20 per share

President recently sold €956k worth of stock

First quarter dividend of CA$0.20 announced

First quarter 2025 earnings released: EPS: CA$0.86 (vs CA$1.04 in 1Q 2024)

Empire Company Limited Declares Quarterly Dividend on Class A and Class B Common Shares, Payable on October 31, 2024

Upcoming dividend of CA$0.20 per share

Independent Chairman recently sold €365k worth of stock

Fourth quarter dividend of CA$0.20 announced

Empire Company Limited Declares Quarterly Dividend on Non-Voting Class A Shares and the Class B Common Shares, Payable on July 31, 2024

Full year 2024 earnings released: EPS: CA$2.92 (vs CA$2.65 in FY 2023)

Empire Company Limited to Report Q4, 2025 Results on Jun 19, 2025

Empire Company Limited to Report Q2, 2025 Results on Dec 12, 2024

Upcoming dividend of CA$0.18 per share

Third quarter dividend of CA$0.18 announced

Third quarter 2024 earnings released: EPS: CA$0.55 (vs CA$0.49 in 3Q 2023)

Empire Company Limited Declares Quarterly Dividend on Both the Class A Shares and the Class B Common Shares, Payable on April 30, 2024

Empire Company Limited, Annual General Meeting, Mar 14, 2024

Empire Company Limited Appoints Clinton Keay as Senior Vice President, Corporate Finance

Upcoming dividend of CA$0.18 per share at 2.1% yield

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on January 15, 2024

Second quarter 2024 earnings released: EPS: CA$0.73 (vs CA$0.73 in 2Q 2023)

Chief Operating Officer recently sold €491k worth of stock

Upcoming dividend of CA$0.18 per share at 1.9% yield

First quarter 2024 earnings released: EPS: CA$1.04 (vs CA$0.71 in 1Q 2023)

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on October 31, 2023

Empire Company Limited to Report Q2, 2024 Results on Dec 14, 2023

Upcoming dividend of CA$0.18 per share at 2.0% yield

Empire Company Limited Declares Quarterly Dividend on Both the Non-Voting Class A Shares and the Class B Common Shares, Payable on July 31, 2023

Full year 2023 earnings released

Upcoming dividend of CA$0.17 per share at 1.8% yield

Third quarter 2023 earnings released: EPS: CA$0.49 (vs CA$0.77 in 3Q 2022)

Empire Company Limited to Report Q1, 2024 Results on Sep 14, 2023

Upcoming dividend of CA$0.17 per share

Empire Company Limited Declares Quarterly Dividend, Payable on January 31, 2023

Canadian Mobility Services Limited entered into definitive agreement to acquire 56 retail fuel sites in Western Canada from Empire Company Limited (TSX:EMP.A) for approximately CAD 100 million.

Second quarter 2023 earnings released

Upcoming dividend of CA$0.17 per share

President recently bought €262k worth of stock

First quarter 2023 earnings released

Empire Company Limited Declares Quarterly Dividend, Payable on October 31, 2022

Upcoming dividend of CA$0.17 per share

Full year 2022 earnings released: EPS: CA$2.84 (vs CA$2.61 in FY 2021)

Empire Company Limited to Report Fiscal Year 2022 Results on Jul 29, 2022

Upcoming dividend of CA$0.15 per share

Empire Company Limited to Report Q3, 2023 Results on Mar 16, 2023

Third quarter 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of CA$0.15 per share

President recently bought €207k worth of stock

Second quarter 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of CA$0.15 per share

First quarter 2022 earnings released

Upcoming dividend of CA$0.15 per share

Full year 2021 earnings released: EPS CA$2.63 (vs CA$2.16 in FY 2020)

Empire Company Limited Provides Revenue Guidance for the Fiscal Year 2022

Empire Company Limited (TSX:EMP.A) completed the acquisition of 51% stake in Longo Brothers Fruit Markets Inc. from a family for approximately CAD 350 million.

Insider recently sold €433k worth of stock

Upcoming dividend of CA$0.13 per share

Empire Company Limited (TSX:EMP.A) entered into an agreement to acquire 51% stake in Longo Brothers Fruit Markets Inc. from a family for approximately CAD 360 million.

New 90-day high: €25.60

Empire Company Limited Declares Quarterly Dividend, Payable on April 30, 2021

Third quarter 2021 earnings released

Revenue beats expectations

Crombie Real Estate Investment Trust (TSX:CRR.UN) acquired 54,000 sqft Cliffe Avenue in Courtenay, BC property from Empire Company Limited (TSX:EMP.A) for CAD 17.1 million.

Empire Company Limited to Report Q1, 2022 Results on Sep 09, 2021

New 90-day high: €24.00

Upcoming Dividend of CA$0.13 Per Share

New 90-day low: €21.80

Second quarter 2021 earnings released: EPS CA$0.60