FlexShopper Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Russ Heiser

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage	41.9%
CEO tenure	8.9yrs
CEO ownership	4.4%
Management average tenure	no data
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Russ Heiser's remuneration changed compared to FlexShopper's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$4m
Jun 30 2024	n/a	n/a	-US$5m
Mar 31 2024	n/a	n/a	-US$8m
Dec 31 2023	US$1m	US$437k	-US$8m
Sep 30 2023	n/a	n/a	-US$2m
Jun 30 2023	n/a	n/a	-US$8m
Mar 31 2023	n/a	n/a	US$12m
Dec 31 2022	US$561k	US$359k	US$10m
Sep 30 2022	n/a	n/a	US$4m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	-US$2m
Dec 31 2021	US$649k	US$320k	US$825k
Sep 30 2021	n/a	n/a	-US$227k
Jun 30 2021	n/a	n/a	-US$2m
Mar 31 2021	n/a	n/a	-US$3m
Dec 31 2020	US$462k	US$305k	-US$3m
Sep 30 2020	n/a	n/a	-US$4m
Jun 30 2020	n/a	n/a	-US$3m
Mar 31 2020	n/a	n/a	-US$3m
Dec 31 2019	US$454k	US$261k	-US$2m
Sep 30 2019	n/a	n/a	-US$3m
Jun 30 2019	n/a	n/a	-US$7m
Mar 31 2019	n/a	n/a	-US$9m
Dec 31 2018	US$348k	US$261k	-US$12m
Sep 30 2018	n/a	n/a	-US$13m
Jun 30 2018	n/a	n/a	-US$12m
Mar 31 2018	n/a	n/a	-US$12m
Dec 31 2017	US$298k	US$237k	-US$11m

Compensation vs Market: Russ's total compensation ($USD1.04M) is above average for companies of similar size in the German market ($USD471.55K).

Compensation vs Earnings: Russ's compensation has increased whilst the company is unprofitable.

CEO

Russ Heiser (49 yo)

8.9yrs

Tenure

US$1,042,864

Compensation

Mr. Harold Russell Heiser, Jr., also known as Russ, CPA, CFA, serves as Chief Executive Officer of FlexShopper, Inc. since March 20, 2023. He serves as Chief Financial Officer at FlexShopper, Inc. since De...

Board Members

Name	Position	Tenure	Compensation	Ownership
T. King	Independent Director	10yrs	US$142.96k	1.45% € 499.4k
James Allen	Independent Director	8.8yrs	US$138.92k	0.70% € 240.1k
Howard Dvorkin	Chairman of the Board	5.9yrs	US$232.67k	31.15% € 10.7m
Sean Hinze	Independent Director	6yrs	no data	no data
Thomas Katz	Independent Director	4.3yrs	US$142.96k	0.37% € 128.1k

6.0yrs

Average Tenure

64yo

Average Age

Experienced Board: 9FL's board of directors are considered experienced (6 years average tenure).

FlexShopper Management

Management criteria checks 1/4

Key information

Recent management updates

FlexShopper, Inc., Annual General Meeting, Oct 07, 2024

Chairman of the Board recently bought €76k worth of stock

Chairman of the Board recently bought €98k worth of stock

FlexShopper, Inc., Annual General Meeting, Nov 01, 2023

Insufficient new directors

FlexShopper, Inc., Annual General Meeting, Dec 30, 2022

Recent updates

FlexShopper, Inc. announced delayed 10-Q filing

FlexShopper, Inc. announced delayed 10-Q filing

New major risk - Revenue and earnings growth

FlexShopper, Inc. to Report Q3, 2024 Results on Nov 13, 2024

FlexShopper, Inc., Annual General Meeting, Oct 07, 2024

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: US$0.075 loss per share (vs US$0.22 loss in 2Q 2023)

FlexShopper, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Chairman of the Board recently bought €76k worth of stock

Chairman of the Board recently bought €98k worth of stock

First quarter 2024 earnings released: US$0.059 loss per share (vs US$0.055 loss in 1Q 2023)

New minor risk - Profitability

Full year 2023 earnings released: US$0.51 loss per share (vs US$0.45 profit in FY 2022)

FlexShopper, Inc. to Report Q4, 2023 Results on Apr 01, 2024

New minor risk - Profitability

New major risk - Revenue and earnings growth

FlexShopper, Inc. to Report Q3, 2023 Results on Nov 14, 2023

FlexShopper, Inc., Annual General Meeting, Nov 01, 2023

New minor risk - Profitability

Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.63 profit in 2Q 2022)

Investor sentiment improves as stock rises 34%

Insufficient new directors

Investor sentiment deteriorates as stock falls 18%

Investor sentiment improves as stock rises 16%

FlexShopper Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Investor sentiment improves as stock rises 34%

FlexShopper, Inc. (NasdaqCM:FPAY) announces an Equity Buyback for $2 million worth of its shares.

Full year 2022 earnings released: EPS: US$0.45 (vs US$0.039 in FY 2021)

Investor sentiment improved over the past week

FlexShopper, Inc. (NasdaqCM:FPAY) acquired Consumer loan portfolio and associated assets of Revolution Financial, Inc.

FlexShopper, Inc., Annual General Meeting, Dec 30, 2022

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: US$0.32 loss per share (vs US$0.05 profit in 3Q 2021)

FlexShopper, Inc. to Report Q3, 2022 Results on Nov 10, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.015 in 2Q 2021)

FlexShopper, Inc. to Report Q2, 2022 Results on Aug 10, 2022

Chairman of the Board recently bought €292k worth of stock

First quarter 2022 earnings released: US$0.14 loss per share (vs US$0.028 loss in 1Q 2021)

FlexShopper, Inc. to Report Q1, 2022 Results on May 12, 2022

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS: US$0.039 (vs US$0.17 loss in FY 2020)

FlexShopper, Inc. to Report Q4, 2021 Results on Mar 30, 2022

Forecast breakeven date pushed back to 2022

Chairman of the Board recently bought €73k worth of stock

Chairman of the Board recently bought €99k worth of stock

Chairman of the Board recently bought €101k worth of stock

Chairman of the Board recently bought €221k worth of stock

Third quarter 2021 earnings released: EPS US$0.05 (vs US$0.015 loss in 3Q 2020)

Forecast to breakeven in 2021

Chairman of the Board recently bought €75k worth of stock

Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.041 loss in 2Q 2020)

Chairman of the Board recently bought €123k worth of stock

Chairman of the Board recently bought €92k worth of stock

Chairman of the Board recently bought €301k worth of stock

First quarter 2021 earnings released: US$0.028 loss per share (vs US$0.064 loss in 1Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age