Monarch Casino & Resort Management

Management criteria checks 3/4

Monarch Casino & Resort's CEO is John Farahi, appointed in Jun 1993, has a tenure of 30.92 years. total yearly compensation is $3.21M, comprised of 23.4% salary and 76.6% bonuses, including company stock and options. directly owns 15.97% of the company’s shares, worth €192.38M. The average tenure of the management team and the board of directors is 16 years and 25.7 years respectively.

Key information

John Farahi

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	23.4%
CEO tenure	30.9yrs
CEO ownership	16.0%
Management average tenure	16yrs
Board average tenure	25.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Farahi's remuneration changed compared to Monarch Casino & Resort's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$83m
Dec 31 2023	US$3m	US$750k	US$82m
Sep 30 2023	n/a	n/a	US$87m
Jun 30 2023	n/a	n/a	US$90m
Mar 31 2023	n/a	n/a	US$87m
Dec 31 2022	US$3m	US$750k	US$87m
Sep 30 2022	n/a	n/a	US$85m
Jun 30 2022	n/a	n/a	US$80m
Mar 31 2022	n/a	n/a	US$78m
Dec 31 2021	US$5m	US$750k	US$68m
Sep 30 2021	n/a	n/a	US$64m
Jun 30 2021	n/a	n/a	US$52m
Mar 31 2021	n/a	n/a	US$30m
Dec 31 2020	US$2m	US$591k	US$24m
Sep 30 2020	n/a	n/a	US$15m
Jun 30 2020	n/a	n/a	US$13m
Mar 31 2020	n/a	n/a	US$27m
Dec 31 2019	US$2m	US$750k	US$32m
Sep 30 2019	n/a	n/a	US$33m
Jun 30 2019	n/a	n/a	US$34m
Mar 31 2019	n/a	n/a	US$34m
Dec 31 2018	US$2m	US$750k	US$34m
Sep 30 2018	n/a	n/a	US$31m
Jun 30 2018	n/a	n/a	US$29m
Mar 31 2018	n/a	n/a	US$27m
Dec 31 2017	US$2m	US$750k	US$26m

Compensation vs Market: John's total compensation ($USD3.21M) is above average for companies of similar size in the German market ($USD1.61M).

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

CEO

John Farahi (75 yo)

30.9yrs

Tenure

US$3,209,187

Compensation

Mr. John Farahi has been Co-Chairman of the Board and Chief Executive Officer of Monarch Casino & Resort, Inc. since its inception, and of Golden Road Motor Inn, Inc. (“Golden Road”) since June 1993. Mr. F...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Farahi	Co-Chairman	30.9yrs	US$3.21m	15.97% $ 192.4m
Bahram Farahi	Co-Chairman & President	31.3yrs	US$1.46m	6.13% $ 73.8m
Edwin Koenig	Chief Accounting Officer	8.2yrs	US$351.25k	0.018% $ 213.4k
Michelle Shriver	Corporate Vice President of Operations	2.7yrs	no data	no data
Darlyne Sullivan	Chief Product & Service Officer	20.3yrs	US$413.48k	no data
Richard Cooley	Vice President of Finance and Treasurer	11.6yrs	US$354.52k	no data

16.0yrs

Average Tenure

70yo

Average Age

Experienced Management: MOI's management team is seasoned and experienced (16 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Farahi	Co-Chairman	30.9yrs	US$3.21m	15.97% $ 192.4m
Bahram Farahi	Co-Chairman & President	31.3yrs	US$1.46m	6.13% $ 73.8m
Yvette Landau	Independent Director	13.9yrs	US$249.07k	0.13% $ 1.6m
Craig Sullivan	Independent Director	25.7yrs	US$264.07k	0.065% $ 780.5k
Paul Andrews	Independent Director	10yrs	US$249.07k	0.027% $ 319.9k

25.7yrs

Average Tenure

72yo

Average Age

Experienced Board: MOI's board of directors are seasoned and experienced ( 25.7 years average tenure).

Monarch Casino & Resort Management

Management criteria checks 3/4

Key information

Recent management updates

Monarch Casino & Resort, Inc., Annual General Meeting, May 21, 2024

Co-Chairman & President recently sold €1.5m worth of stock

Co-Chairman & President recently sold €763k worth of stock

Co-Chairman & President recently sold €1.0m worth of stock

Co-Chairman & President recently sold €941k worth of stock

Insufficient new directors

Recent updates

First quarter dividend of US$0.30 announced

First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.92 in 1Q 2023)

Monarch Casino & Resort, Inc., Annual General Meeting, May 21, 2024

Full year 2023 earnings released: EPS: US$4.28 (vs US$4.61 in FY 2022)

Upcoming dividend of US$0.30 per share

Fourth quarter dividend of US$0.30 announced

Full year 2023 earnings released: EPS: US$4.28 (vs US$4.61 in FY 2022)

Monarch Casino & Resort, Inc. Announces Cash Dividend, Payable on March 15, 2024

Monarch Casino & Resort, Inc. to Report Q4, 2023 Results on Feb 14, 2024

Upcoming dividend of US$0.30 per share at 1.9% yield

Third quarter 2023 earnings released: EPS: US$1.26 (vs US$1.45 in 3Q 2022)

Monarch Casino & Resort, Inc. Announces Cash Dividend, Payable on December 15, 2023

Monarch Casino & Resort, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Co-Chairman & President recently sold €1.5m worth of stock

Co-Chairman & President recently sold €763k worth of stock

Upcoming dividend of US$0.30 per share at 1.8% yield

Now 21% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: US$1.17 (vs US$1.02 in 2Q 2022)

Monarch Casino & Resort, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Co-Chairman & President recently sold €1.0m worth of stock

Upcoming dividend of US$0.30 per share at 1.8% yield

Co-Chairman & President recently sold €941k worth of stock

Now 22% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.92 (vs US$0.96 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.61 (vs US$3.68 in FY 2021)

Now 21% undervalued after recent price drop

Monarch Casino & Resort, Inc. to Report Q4, 2022 Results on Feb 14, 2023

Monarch Casino & Resort Provides Dividend Guidance for the Full Year of 2023

Insufficient new directors

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$1.45 (vs US$1.20 in 3Q 2021)

Monarch Casino & Resort, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Now 21% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$1.02 (vs US$0.98 in 2Q 2021)

Monarch Casino & Resort, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Monarch Casino & Resort, Inc.(NasdaqGS:MCRI) dropped from Russell 2000 Dynamic Index

First quarter 2022 earnings released: EPS: US$0.96 (vs US$0.44 in 1Q 2021)

Insufficient new directors

First quarter 2022 earnings released: EPS: US$0.96 (vs US$0.44 in 1Q 2021)

Monarch Casino & Resort, Inc. to Report Q1, 2022 Results on Apr 20, 2022

Monarch Casino & Resort, Inc., Annual General Meeting, May 25, 2022

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

Monarch Casino & Resort, Inc. to Report Q4, 2021 Results on Feb 09, 2022

Insider recently sold €1.2m worth of stock

Third quarter 2021 earnings released: EPS US$1.20 (vs US$0.59 in 3Q 2020)

Chief Operating Officer David-Jacques Farahi has left the company

Second quarter 2021 earnings released: EPS US$0.98 (vs US$0.24 loss in 2Q 2020)

Chief Operating Officer recently sold €2.6m worth of stock

Chief Operating Officer recently sold €1.1m worth of stock

First quarter 2021 earnings released: EPS US$0.44 (vs US$0.11 in 1Q 2020)

Full year 2020 earnings released: EPS US$1.30 (vs US$1.77 in FY 2019)

Revenue misses expectations

Revenue misses expectations

Full year 2020 earnings released: EPS US$1.30 (vs US$1.77 in FY 2019)

New 90-day high: €53.50

Monarch Casino & Resort, Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €50.50

New 90-day high: €46.60

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.59

New 90-day high: €41.60

Market bids up stock over the past week

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day high - €38.60

First half earnings released

Monarch Casino & Resort, Inc. to Report Q2, 2020 Results on Jul 22, 2020

CEO Compensation Analysis

CEO