Carrols Restaurant Group Management

Management criteria checks 3/4

Carrols Restaurant Group's CEO is Deb Derby, appointed in May 2023, has a tenure of less than a year. total yearly compensation is $5.63M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 1.29% of the company’s shares, worth €6.00M. The average tenure of the management team and the board of directors is 2.8 years and 5.4 years respectively.

Key information

Deb Derby

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	7.7%
CEO tenure	less than a year
CEO ownership	1.3%
Management average tenure	2.8yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Deb Derby's remuneration changed compared to Carrols Restaurant Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$433k	US$27m
Oct 01 2023	n/a	n/a	US$4m
Jul 02 2023	n/a	n/a	-US$15m
Apr 02 2023	n/a	n/a	-US$54m
Jan 01 2023	US$168k	n/a	-US$76m
Oct 02 2022	n/a	n/a	-US$73m
Jul 03 2022	n/a	n/a	-US$74m
Apr 03 2022	n/a	n/a	-US$57m
Jan 02 2022	US$165k	n/a	-US$43m
Oct 03 2021	n/a	n/a	-US$45m
Jul 04 2021	n/a	n/a	-US$32m
Apr 04 2021	n/a	n/a	-US$16m
Jan 03 2021	US$163k	n/a	-US$29m
Sep 27 2020	n/a	n/a	-US$21m
Jun 28 2020	n/a	n/a	-US$31m
Mar 29 2020	n/a	n/a	-US$41m
Dec 29 2019	US$215k	n/a	-US$32m
Sep 29 2019	n/a	n/a	-US$21m
Jun 30 2019	n/a	n/a	-US$11m
Mar 31 2019	n/a	n/a	-US$512k

Compensation vs Market: Deb's total compensation ($USD5.63M) is above average for companies of similar size in the German market ($USD1.04M).

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

CEO

Deb Derby (59 yo)

less than a year

Tenure

US$5,631,441

Compensation

Ms. Deborah M. Derby, also known as Deb, serves as an Independent Director at Henry Schein, Inc. since February 9, 2021. She served as Chief Administrative Officer, Global HR, Legal & Real Estate for The C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Deborah Derby	CEO, President & Director	less than a year	US$5.63m	1.29% $ 6.0m
Anthony Hull	EVP, CFO & Treasurer	4.3yrs	US$3.05m	1.11% $ 5.1m
Joseph Hoffman	EVP, Senior Vice President of Operations & Chief Restaurant Officer	1.9yrs	US$1.21m	0.39% $ 1.8m
Jared Landaw	SVP, General Counsel & Corporate Secretary	3.2yrs	US$1.24m	0.34% $ 1.6m
Richard Cross	Senior VP & Chief Development Officer	2.3yrs	US$1.05m	0.53% $ 2.5m
Nathan Mucher	Senior VP & Chief Information Officer	5.4yrs	US$399.21k	0.20% $ 910.6k
Gretta Miles	VP, Controller & Assistant Treasurer	no data	no data	0.18% $ 857.9k

2.8yrs

Average Tenure

59yo

Average Age

Experienced Management: XQC's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Deborah Derby	CEO, President & Director	5.8yrs	US$5.63m	1.29% $ 6.0m
Hannah Craven	Independent Director	9.1yrs	US$182.50k	0.33% $ 1.5m
Lawrence Hyatt	Independent Director	6.8yrs	US$186.00k	0.28% $ 1.3m
David Harris	Independent Non-Executive Chairman	11.9yrs	US$222.73k	0.51% $ 2.4m
John Smith	Independent Director	1.8yrs	US$32.50k	0.16% $ 760.9k
Alexander Sloane	Independent Director	5yrs	US$173.00k	0.32% $ 1.5m
Matthew Perelman	Independent Director	5yrs	US$173.00k	0.57% $ 2.6m
Thomas Curtis	Director	2.8yrs	US$60.00k	no data

5.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: XQC's board of directors are considered experienced (5.4 years average tenure).

Carrols Restaurant Group Management

Management criteria checks 3/4

Key information

Recent management updates

Carrols Restaurant Group, Inc. Announces Demise of Paulo A. Pena, President; Announces Executive Appointments

Carrols Restaurant Group, Inc. Announces Executive Changes

Carrols Restaurant Group, Inc Announces Executive Changes

Independent Director recently bought €417k worth of stock

Carrols Restaurant Group, Inc. Appoints Jared L. Landaw as Vice President and General Counsel

Carrols Restaurant Group, Inc. Appoints Carl Hauch as Chief Operating Officer, Effective February 15, 2021

Recent updates

Full year 2023 earnings released: EPS: US$0.53 (vs US$1.49 loss in FY 2022)

New minor risk - Shareholder dilution

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million.

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others.

Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire unknown remaining majority stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others

New minor risk - Insider selling

Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering.

Third quarter 2023 earnings released: EPS: US$0.24 (vs US$0.17 loss in 3Q 2022)

Carrols Restaurant Group, Inc. Declares Initial Regular Quarterly Dividend, Payable on December 15, 2023

Carrols Restaurant Group, Inc. to Report Q3, 2023 Results on Nov 09, 2023

New major risk - Revenue and earnings growth

Forecast to breakeven in 2023

Carrols Restaurant Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023

Forecast to breakeven in 2023

First quarter 2023 earnings released: EPS: US$0.017 (vs US$0.42 loss in 1Q 2022)

Full year 2022 earnings released: US$1.49 loss per share (vs US$0.86 loss in FY 2021)

Carrols Restaurant Group, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Carrols Restaurant Group, Inc. Announces Demise of Paulo A. Pena, President; Announces Executive Appointments

Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)

Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)

Carrols Restaurant Group, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Second quarter 2022 earnings released: US$0.52 loss per share (vs US$0.19 loss in 2Q 2021)

Carrols Restaurant Group, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value Index

First quarter 2022 earnings released: US$0.42 loss per share (vs US$0.14 loss in 1Q 2021)

Carrols Restaurant Group, Inc. Announces Executive Changes

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

Carrols Restaurant Group, Inc Announces Executive Changes

Carrols Restaurant Group, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.057 profit in 3Q 2020)

Second quarter 2021 earnings released: US$0.19 loss per share (vs US$0.13 profit in 2Q 2020)

Carrols Restaurant Group, Inc. Declares Special Cash Dividend

VP & COO Carl Hauch has left the company

Independent Director Christopher Finazzo has left the company

First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.41 loss in 1Q 2020)

Independent Director recently bought €417k worth of stock

New 90-day high: €5.95

Full year 2020 earnings released: US$0.58 loss per share (vs US$0.73 loss in FY 2019)

Revenue misses expectations

Carrols Restaurant Group, Inc. to Report Q4, 2020 Results on Mar 03, 2021

Carrols Restaurant Group, Inc. Appoints Jared L. Landaw as Vice President and General Counsel

Carrols Restaurant Group, Inc. Appoints Carl Hauch as Chief Operating Officer, Effective February 15, 2021

Independent Director recently bought €249k worth of stock

New 90-day low: €4.28

Third quarter 2020 earnings released: EPS US$0.069

Revenue beats expectations

New 90-day low: €5.05

New 90-day high: €6.25

First half earnings released

New 90-day high - €5.90

Carrols Restaurant Group, Inc. to Report Q2, 2020 Results on Aug 06, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age