Waitr Holdings Management

Management criteria checks 3/4

Waitr Holdings' CEO is Carl Grimstad, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is $6.23M, comprised of 16.1% salary and 83.9% bonuses, including company stock and options. directly owns 0.97% of the company’s shares, worth €10.33K. The average tenure of the management team and the board of directors is 3.8 years and 4.1 years respectively.

Key information

Carl Grimstad

Chief executive officer

US$6.2m

Total compensation

CEO salary percentage	16.1%
CEO tenure	4.3yrs
CEO ownership	1.0%
Management average tenure	3.8yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carl Grimstad's remuneration changed compared to Waitr Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$70m
Jun 30 2023	n/a	n/a	-US$138m
Mar 31 2023	n/a	n/a	-US$137m
Dec 31 2022	US$6m	US$1m	-US$207m
Sep 30 2022	n/a	n/a	-US$170m
Jun 30 2022	n/a	n/a	-US$85m
Mar 31 2022	n/a	n/a	-US$79m
Dec 31 2021	US$11m	US$1m	-US$5m
Sep 30 2021	n/a	n/a	US$6m
Jun 30 2021	n/a	n/a	-US$2m
Mar 31 2021	n/a	n/a	US$14m
Dec 31 2020	US$7m	US$965k	US$16m

Compensation vs Market: Carl's total compensation ($USD6.23M) is above average for companies of similar size in the German market ($USD394.52K).

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

CEO

Carl Grimstad (55 yo)

4.3yrs

Tenure

US$6,227,996

Compensation

Mr. Carl A. Grimstad has been Chief Executive Officer and Non-Independent Director of Waitr Holdings Inc since January 3, 2020 and also serves as its Non-Independent Chairman since March 3, 2020. Mr. Grims...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carl Grimstad	CEO & Non-Independent Chairman	4.3yrs	US$6.23m	0.97% $ 10.3k
Thomas Pritchard	General Counsel	3.8yrs	US$599.87k	0.20% $ 2.2k
Sonny Mayugba	Chief Marketing Officer & Co-Founder	no data	no data	no data
Armen Yeghyazarians	Chief Accounting Officer & CFO	2.6yrs	no data	0.032% $ 343.3
Timothy Newton	Chief Technology Officer	2.3yrs	no data	0.041% $ 437.9
Kyle Hale	Chief of Corporate Development	5.2yrs	no data	no data
David Cronin	Chief Engagement Officer	3.8yrs	US$475.00k	0.14% $ 1.5k

3.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 1OW0's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carl Grimstad	CEO & Non-Independent Chairman	4.3yrs	US$6.23m	0.97% $ 10.3k
Buford Ortale	Independent Director	4yrs	US$25.00k	0.12% $ 1.2k
Jonathan Green	Non-Independent Director	5.4yrs	no data	no data
J. Schmidt	Independent Director	2yrs	US$25.00k	no data

4.1yrs

Average Tenure

58yo

Average Age

Experienced Board: 1OW0's board of directors are considered experienced (4.1 years average tenure).

Waitr Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Waitr Holdings Inc. Announces Resignation of Steven L. Scheinthal as Director

Waitr Holdings Inc. Announces Resignation of D’Ambrosio as Chief Sales Officer, Effective February 10, 2023

Independent Director recently sold €67k worth of stock

High number of new directors

Waitr Holdings Inc. Announces Executive Changes, Effective June 17, 2022

Waitr Holdings Inc., Annual General Meeting, Jun 23, 2022

Recent updates

Motion for Joint Administration Filed by Waitr Holdings Inc.

Waitr Holdings Inc. announced delayed annual 10-K filing

Waitr Holdings Inc. Filed for Bankruptcy

Waitr Holdings Inc. Announces Resignation of Steven L. Scheinthal as Director

ASAP, Inc.(OTCPK:ASAP) dropped from NASDAQ Composite Index

Nasdaq Determines ASAP's Common Stock Will Be Delisted from the Nasdaq Capital Market

Waitr Holdings Inc. Announces Resignation of D’Ambrosio as Chief Sales Officer, Effective February 10, 2023

Third quarter 2022 earnings released: US$0.40 loss per share (vs US$0.10 profit in 3Q 2021)

ASAP, Inc. Announces Goodwill Impairment for the Third Quarter Ended September 30, 2022

Waitr Holdings Inc. Announces Dismissal of 2019 Class Action

Independent Director recently sold €67k worth of stock

Second quarter 2022 earnings released: US$0.073 loss per share (vs US$0.049 loss in 2Q 2021)

Waitr Holdings Inc. to Report Q2, 2022 Results on Aug 08, 2022

Waitr Holdings Inc. Begins Florist Deliveries

High number of new directors

Waitr Holdings Inc. Announces Executive Changes, Effective June 17, 2022

First quarter 2022 earnings released: US$0.50 loss per share (vs US$0.033 loss in 1Q 2021)

Waitr Holdings Inc., Annual General Meeting, Jun 23, 2022

Less than half of directors are independent

Less than half of directors are independent

Waitr Holdings Inc. Announces Board Changes

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Waitr Holdings Inc. Names Matthew Coy Chief Information Officer

High number of new directors

Waitr Holdings Inc. (NasdaqGS:WTRH) entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc. for CAD 90 million.

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS US$0.10 (vs US$0.043 in 3Q 2020)

Director recently sold €151k worth of stock

Waitr Holdings Inc. (NasdaqGS:WTRH) completed the acquisition of ProMerchant LLC.

Second quarter 2021 earnings released: US$0.049 loss per share (vs US$0.11 profit in 2Q 2020)

Waitr Holdings Inc. (NasdaqGS:WTRH) entered into definitive purchase agreement to acquire ProMerchant LLC.

Investor sentiment improved over the past week

Waitr Holdings Inc.(NasdaqGS:WTRH) dropped from Russell 3000E Index

Investor sentiment deteriorated over the past week

Waitr Holdings Inc.(NasdaqGS:WTRH) dropped from Russell 2000 Dynamic Index

Waitr Holdings Inc. Enters into A License, Release and Settlement Agreement

Independent Director Tilman Fertitta has left the company

Vice Chairman of the Board Christopher Meaux has left the company

Investor sentiment improved over the past week

Waitr Holdings Inc. Announces Launch of Corporate Rebrand Initiative

Investor sentiment deteriorated over the past week

First quarter 2021 earnings released: US$0.033 loss per share (vs US$0.027 loss in 1Q 2020)

Waitr Holdings Inc. (NasdaqGS:WTRH) entered into a definitive agreement to acquire All assets of Delivery Dudes for $23 million.

Full year 2020 earnings released: EPS US$0.16 (vs US$4.00 loss in FY 2019)

Revenue misses expectations

Waitr Holdings Inc. Expands into Cannabis Market

Waitr Holdings Inc. to Report Q4, 2020 Results on Mar 08, 2021

Waitr Partners With Nextbite on Its Delivery-Only Restaurant Concept

Waitr Holdings Inc. Announces Integration with Ordermark

New 90-day high: €3.36

Independent Director recently bought €618k worth of stock

New 90-day low: €2.12

Revenue misses expectations

Third quarter 2020 earnings released: EPS US$0.043

Waitr Holdings Inc. to Report Q3, 2020 Results on Nov 09, 2020

New 90-day low: €2.60

Waitr Adds Dine-In Capabilities to Platform

First half earnings released

Waitr Holdings Inc. has completed a Follow-on Equity Offering in the amount of $48.3 million.

Waitr Holdings Inc.(NasdaqGS:WTRH) dropped from Russell Microcap Value Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members