Ingles Markets Management

Management criteria checks 2/4

Ingles Markets' CEO is James Lanning, appointed in Mar 2003, has a tenure of 21.67 years. total yearly compensation is $3.29M, comprised of 34% salary and 66% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth €718.78K. The average tenure of the management team and the board of directors is 12.2 years and 14.3 years respectively.

Key information

James Lanning

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage	34.0%
CEO tenure	21.7yrs
CEO ownership	0.05%
Management average tenure	12.2yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has James Lanning's remuneration changed compared to Ingles Markets's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 29 2024	n/a	n/a	US$160m
Mar 30 2024	n/a	n/a	US$176m
Dec 30 2023	n/a	n/a	US$185m
Sep 30 2023	US$3m	US$1m	US$211m
Jun 24 2023	n/a	n/a	US$228m
Mar 25 2023	n/a	n/a	US$248m
Dec 24 2022	n/a	n/a	US$276m
Sep 24 2022	US$2m	US$1m	US$273m
Jun 25 2022	n/a	n/a	US$274m
Mar 26 2022	n/a	n/a	US$279m
Dec 25 2021	n/a	n/a	US$262m
Sep 25 2021	US$2m	US$903k	US$250m
Jun 26 2021	n/a	n/a	US$236m
Mar 27 2021	n/a	n/a	US$227m
Dec 26 2020	n/a	n/a	US$215m
Sep 26 2020	US$1m	US$753k	US$179m
Jun 27 2020	n/a	n/a	US$142m
Mar 28 2020	n/a	n/a	US$102m
Dec 28 2019	n/a	n/a	US$77m
Sep 28 2019	US$1m	US$742k	US$82m
Jun 29 2019	n/a	n/a	US$79m
Mar 30 2019	n/a	n/a	US$80m
Dec 29 2018	n/a	n/a	US$74m
Sep 29 2018	US$1m	US$723k	US$97m

Compensation vs Market: James's total compensation ($USD3.29M) is above average for companies of similar size in the German market ($USD1.64M).

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

CEO

James Lanning (65 yo)

21.7yrs

Tenure

US$3,290,980

Compensation

Mr. James W. Lanning has been the Chief Executive Officer of Ingles Markets, Incorporated since March 25, 2016 and has been its President since March 2003. Mr. Lanning served as Chief Operating Officer of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Lanning	CEO, President & Director	21.7yrs	US$3.29m	0.053% € 718.8k
Patricia Jackson	CFO, VP of Finance & Director	2.8yrs	US$745.60k	no data
Michael Hogan	President of Milkco	2.1yrs	US$438.97k	no data
Cynthia Brooks	Vice President of Human Resources	26yrs	no data	no data

12.2yrs

Average Tenure

60yo

Average Age

Experienced Management: IN3A's management team is seasoned and experienced (12.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Lanning	CEO, President & Director	21.5yrs	US$3.29m	0.053% € 718.8k
Patricia Jackson	CFO, VP of Finance & Director	2.7yrs	US$745.60k	no data
John Lowden	Independent Director	6.6yrs	US$16.25k	0.0032% € 43.1k
Brenda Tudor	Independent Director	9.9yrs	US$37.51k	0.0016% € 21.6k
Robert Ingle	Chairman of the Board	27.8yrs	US$7.95m	22.13% € 302.1m
Laura Sharp	Director	27.8yrs	US$20.00k	0.031% € 424.2k
Fred Ayers	Independent Director	18.8yrs	US$42.50k	0.0024% € 33.3k
Ernest Ferguson	Independent Director	9.9yrs	US$37.51k	0.0013% € 18.0k

14.3yrs

Average Tenure

67yo

Average Age

Experienced Board: IN3A's board of directors are seasoned and experienced ( 14.3 years average tenure).

Ingles Markets Management

Management criteria checks 2/4

Key information

Recent management updates

Director recently sold €315k worth of stock

Director recently sold €392k worth of stock

Director recently sold €282k worth of stock

Director recently sold €355k worth of stock

Ingles Markets, Incorporated, Annual General Meeting, Feb 13, 2024

Director recently sold €287k worth of stock

Recent updates

Now 21% undervalued

Investor sentiment deteriorates as stock falls 17%

Third quarter dividend of US$0.17 announced

Now 21% undervalued after recent price drop

New minor risk - Profit margin trend

Now 20% undervalued

Second quarter dividend of US$0.17 announced

Now 20% undervalued after recent price drop

Ingles Markets, Incorporated Announces Quarterly Cash Dividend, Payable on July 18, 2024

Now 20% undervalued after recent price drop

Director recently sold €315k worth of stock

Now 20% undervalued after recent price drop

Director recently sold €392k worth of stock

Second quarter 2024 earnings released: EPS: US$1.68 (vs US$2.13 in 2Q 2023)

First quarter dividend of US$0.17 announced

Ingles Markets, Incorporated Declares Cash Dividend on All Its Class A Common Stock and Class B Common Stock, Payable on April 18, 2024

Director recently sold €282k worth of stock

Director recently sold €355k worth of stock

First quarter 2024 earnings released: EPS: US$2.29 (vs US$3.65 in 1Q 2023)

New minor risk - Profit margin trend

Ingles Markets, Incorporated, Annual General Meeting, Feb 13, 2024

Ingles Markets, Incorporated Declares Quarterly Cash Dividend on Class A Common Stock and Class B Common Stock, Payable on January 19, 2024

Full year 2023 earnings released: EPS: US$11.10 (vs US$14.36 in FY 2022)

Ingles Markets, Incorporated Declares Quarterly Cash Dividend, Payable on October 19, 2023

Director recently sold €287k worth of stock

Director recently sold €558k worth of stock

Third quarter 2023 earnings released: EPS: US$2.54 (vs US$3.57 in 3Q 2022)

Now 21% undervalued after recent price drop

Ingles Markets, Incorporated Declares Quarterly Cash Dividend on Class A and Class B Stock, Payable on July 13, 2023

Now 20% undervalued after recent price drop

Now 22% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: US$2.13 (vs US$3.61 in 2Q 2022)

Director recently sold €89k worth of stock

First quarter 2023 earnings released: EPS: US$3.65 (vs US$3.49 in 1Q 2022)

Ingles Markets, Incorporated, Annual General Meeting, Feb 14, 2023

Ingles Markets, Incorporated Declares Quarterly Cash Dividend, Payable on January 12, 2023

Director recently sold €191k worth of stock

Third quarter 2022 earnings released

Insufficient new directors

Ingles Markets, Incorporated Declares Quarterly Cash Dividend, Payable October 13, 2022

Third quarter 2022 earnings released: EPS: US$3.65 (vs US$3.79 in 3Q 2021)

Ingles Markets, Incorporated Declares Quarterly Cash Dividend, Payable on July 14, 2022

Second quarter 2022 earnings released: EPS: US$3.61 (vs US$2.58 in 2Q 2021)

Insufficient new directors

Ingles Markets, Incorporated Announces Board Changes

Ingles Markets, Incorporated Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on April 14, 2022

Investor sentiment improved over the past week

Ingles Markets, Incorporated Appoints (Pat) E. Jackson as Chief Financial Officer

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

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

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$3.79 (vs US$3.10 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$2.58 (vs US$1.99 in 2Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age