Cass Information Systems Management

Management criteria checks 3/4

Cass Information Systems' CEO is Martin Resch, appointed in Jan 2022, has a tenure of 2.83 years. total yearly compensation is $1.52M, comprised of 39.7% salary and 60.3% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth €1.30M. The average tenure of the management team and the board of directors is 2.8 years and 12.3 years respectively.

Key information

Martin Resch

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage	39.7%
CEO tenure	2.8yrs
CEO ownership	0.2%
Management average tenure	2.8yrs
Board average tenure	12.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Martin Resch's remuneration changed compared to Cass Information Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$23m
Jun 30 2024	n/a	n/a	US$27m
Mar 31 2024	n/a	n/a	US$30m
Dec 31 2023	US$2m	US$602k	US$30m
Sep 30 2023	n/a	n/a	US$31m
Jun 30 2023	n/a	n/a	US$32m
Mar 31 2023	n/a	n/a	US$34m
Dec 31 2022	US$1m	US$475k	US$35m
Sep 30 2022	n/a	n/a	US$33m
Jun 30 2022	n/a	n/a	US$31m
Mar 31 2022	n/a	n/a	US$30m
Dec 31 2021	US$912k	US$400k	US$29m
Sep 30 2021	n/a	n/a	US$27m
Jun 30 2021	n/a	n/a	US$26m
Mar 31 2021	n/a	n/a	US$25m
Dec 31 2020	US$595k	US$58k	US$25m

Compensation vs Market: Martin's total compensation ($USD1.52M) is about average for companies of similar size in the German market ($USD1.46M).

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

CEO

Martin Resch (58 yo)

2.8yrs

Tenure

US$1,517,412

Compensation

Mr. Martin H. Resch serves as Board of Advisor at Trading Players Inc. He serves as President at Cass Information Systems, Inc. since January 25, 2022 and served as its Chief Operating Officer since Novemb...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eric Brunngraber	Executive Chairman	21.6yrs	US$1.95m	0.99% € 5.8m
Martin Resch	President	2.8yrs	US$1.52m	0.22% € 1.3m
Michael Normile	Executive VP & CFO	3.7yrs	US$666.41k	0.090% € 529.8k
James Cavellier	Executive VP & Chief Information Officer	6.8yrs	US$623.39k	0.11% € 643.8k
Matthew Schuckman	Executive VP	4.3yrs	US$553.41k	0.054% € 315.2k
Dwight Erdbruegger	President & COO of Cass Commercial Bank	6.3yrs	US$649.09k	0.074% € 431.0k
Christi Reiter	Senior Vice President of Human Resources	2.8yrs	no data	no data
Mark Campbell	Senior VP & President of Government Payables	1.8yrs	US$779.26k	no data
Jeanne Scannell	Chief Credit Officer of Cass Commercial Bank	2.8yrs	no data	no data
Todd Wills	Senior VP & President of Utility Expense Management	2.6yrs	no data	no data
Anthony Urban	Executive Vice President of Transportation Information Services	1.9yrs	no data	no data
Carl Friedholm	Senior VP & President of Telecom Expense Management	1.8yrs	no data	no data

2.8yrs

Average Tenure

61yo

Average Age

Experienced Management: CC3's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric Brunngraber	Executive Chairman	21.6yrs	US$1.95m	0.99% € 5.8m
Martin Resch	President	1.6yrs	US$1.52m	0.22% € 1.3m
Benjamin Edwards	Independent Director	19.6yrs	US$118.81k	0.18% € 1.1m
Joseph Rupp	Independent Lead Director	8.1yrs	US$161.47k	0.13% € 784.8k
Franklin Wicks	Independent Director	18.6yrs	US$161.95k	0.21% € 1.2m
James Lindemann	Independent Director	17.6yrs	US$152.71k	0.22% € 1.3m
Robert Ebel	Independent Director	18.6yrs	US$149.00k	0.17% € 1.0m
Randall Schilling	Independent Director	15.6yrs	US$143.21k	0.21% € 1.2m
Ann Matt	Independent Director	2.3yrs	US$115.10k	0.035% € 204.2k
Ralph Clermont	Independent Director	9.1yrs	US$173.73k	0.16% € 919.7k
Sally Roth	Independent Director	5.6yrs	US$140.65k	0.069% € 405.8k
Wendy Henry	Independent Director	2.8yrs	US$122.60k	0.034% € 201.0k

12.3yrs

Average Tenure

69yo

Average Age

Experienced Board: CC3's board of directors are seasoned and experienced ( 12.3 years average tenure).

Cass Information Systems Management

Management criteria checks 3/4

Key information

Recent management updates

Cass Information Systems, Inc., Annual General Meeting, Apr 16, 2024

President recently bought €73k worth of stock

Cass Information Systems, Inc. Announces Executive Changes

Cass Information Systems, Inc. Promotes Tony Urban as its New Executive Vice President and President of its Transportation Information Services

Ann Marr Joins Board of Directors of Cass Information Systems, Inc

Insufficient new directors

Recent updates

Third quarter dividend of US$0.31 announced

Now 22% undervalued

Third quarter 2024 earnings released: EPS: US$0.22 (vs US$0.55 in 3Q 2023)

Cass Information Systems, Inc. Approves Dividend for the Fourth Quarter of 2024, Payable on December 13, 2024

Now 21% undervalued

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.30 per share

Second quarter dividend of US$0.30 announced

Now 22% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.53 in 2Q 2023)

Cass Information Systems, Inc. Declares Third Quarter Dividend, Payable on September 13, 2024

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.30 per share

First quarter dividend of US$0.30 announced

Cass Information Systems Launches Working Capital Solution for Shippers and Carriers

First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.52 in 1Q 2023)

First quarter 2024 earnings released: EPS: US$0.53 (vs US$0.52 in 1Q 2023)

Cass Information Systems, Inc., Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: US$2.22 (vs US$2.58 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$2.22 (vs US$2.58 in FY 2022)

Cass Information Systems, Inc. Declares First Quarter Dividend, Payable on March 15, 2024

Upcoming dividend of US$0.30 per share at 2.9% yield

Third quarter 2023 earnings released: EPS: US$0.55 (vs US$0.65 in 3Q 2022)

Cass Information Systems, Inc. Approves an Increase in the Quarterly Dividend, Payable on December 15, 2023

Upcoming dividend of US$0.29 per share at 3.0% yield

Cass Information Systems, Inc. Declares Third Quarter Dividend, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$0.53 (vs US$0.63 in 2Q 2022)

Upcoming dividend of US$0.29 per share at 3.0% yield

Investor sentiment deteriorates as stock falls 12%

President recently bought €73k worth of stock

First quarter 2023 earnings released: EPS: US$0.52 (vs US$0.61 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.58 (vs US$2.03 in FY 2021)

Upcoming dividend of US$0.29 per share at 2.4% yield

Cass Information Systems, Inc. Announces Executive Changes

Cass Information Systems, Inc. Declares First Quarter Dividend, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$2.58 (vs US$2.03 in FY 2021)

Cass Information Systems, Inc. Promotes Tony Urban as its New Executive Vice President and President of its Transportation Information Services

Now 21% undervalued

Upcoming dividend of US$0.29 per share

Cass Information Systems, Inc. Declares Fourth Quarter Dividend, Payable on December 15, 2022

Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.48 in 3Q 2021)

Upcoming dividend of US$0.28 per share

Ann Marr Joins Board of Directors of Cass Information Systems, Inc

Cass Information Systems, Inc. Declares Third Quarter Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.63 (vs US$0.49 in 2Q 2021)

Cass Information Systems, Inc. (NasdaqGS:CASS) completed the acquisition of the assets of TouchPoint Software, LLC.

Insufficient new directors

Cass Information Systems, Inc. (NasdaqGS:CASS) has entered into an agreement to acquire the Assets of TouchPoint Software, LLC.

Upcoming dividend of US$0.28 per share

First quarter 2022 earnings released: EPS: US$0.61 (vs US$0.49 in 1Q 2021)

Insufficient new directors

Cass Information Systems, Inc. Declares Second Quarter Dividend, Payable on June 15, 2022

Cass Information Systems, Inc. Names Todd Wills to Senior Vice President and Utilities General Manager

First quarter 2022 earnings released: EPS: US$0.61 (vs US$0.49 in 1Q 2021)

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

Upcoming dividend of US$0.28 per share

Cass Information Systems, Inc. Promotes Martin Resch to President and Chief Operating Officer

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

Cass Information Systems, Inc. Declares First Quarter Dividend, Payable on March 15, 2022

Insufficient new directors

Upcoming dividend of US$0.28 per share

Third quarter 2021 earnings released: EPS US$0.48 (vs US$0.40 in 3Q 2020)

Upcoming dividend of US$0.27 per share

Second quarter 2021 earnings released: EPS US$0.49 (vs US$0.38 in 2Q 2020)

Cass Information Systems Launches Cass FreightClaim360, A Freight Claims Application for Carriers

Upcoming dividend of US$0.27 per share

First quarter 2021 earnings released: EPS US$0.49 (vs US$0.52 in 1Q 2020)