U.S. Global Investors Management

Management criteria checks 3/4

U.S. Global Investors' CEO is Frank Holmes, appointed in Oct 1989, has a tenure of 35.08 years. total yearly compensation is $786.00K, comprised of 60.1% salary and 39.9% bonuses, including company stock and options. directly owns 19.24% of the company’s shares, worth €6.18M. The average tenure of the management team and the board of directors is 10.1 years and 32.5 years respectively.

Key information

Frank Holmes

Chief executive officer

US$786.0k

Total compensation

CEO salary percentage	60.1%
CEO tenure	35.1yrs
CEO ownership	19.2%
Management average tenure	10.1yrs
Board average tenure	32.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Holmes's remuneration changed compared to U.S. Global Investors's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2m
Jun 30 2024	US$786k	US$472k	US$1m
Mar 31 2024	n/a	n/a	US$2m
Dec 31 2023	n/a	n/a	US$3m
Sep 30 2023	n/a	n/a	US$3m
Jun 30 2023	US$1m	US$434k	US$3m
Mar 31 2023	n/a	n/a	US$826k
Dec 31 2022	n/a	n/a	-US$2m
Sep 30 2022	n/a	n/a	US$1m
Jun 30 2022	US$2m	US$424k	US$3m
Mar 31 2022	n/a	n/a	US$10m
Dec 31 2021	n/a	n/a	US$19m
Sep 30 2021	n/a	n/a	US$32m
Jun 30 2021	US$4m	US$422k	US$32m
Mar 31 2021	n/a	n/a	US$29m
Dec 31 2020	n/a	n/a	US$19m
Sep 30 2020	n/a	n/a	US$959k
Jun 30 2020	US$551k	US$422k	-US$4m
Mar 31 2020	n/a	n/a	-US$6m
Dec 31 2019	n/a	n/a	-US$3m
Sep 30 2019	n/a	n/a	-US$6m
Jun 30 2019	US$472k	US$422k	-US$3m
Mar 31 2019	n/a	n/a	-US$4m
Dec 31 2018	n/a	n/a	-US$6m
Sep 30 2018	n/a	n/a	-US$2m
Jun 30 2018	US$787k	US$422k	US$647k

Compensation vs Market: Frank's total compensation ($USD786.00K) is above average for companies of similar size in the German market ($USD472.15K).

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

CEO

Frank Holmes (69 yo)

35.1yrs

Tenure

US$786,000

Compensation

Mr. Frank Edward Holmes serves as Chief Executive Officer at U.S. Global Investors, Inc. since October 1989 and its Chief Investment Officer since June 1999. As Chief Investment Officer at US Global, he ov...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Holmes	CEO, Chief Investment Officer & Director	35.1yrs	US$786.00k	19.24% € 6.2m
Lisa Callicotte	Chief Financial Officer	11.3yrs	US$319.00k	0.23% € 74.0k
Holly Schoenfeldt	Public Relations Leader	no data	no data	no data
Monica Blanco	Chief Compliance Officer	no data	no data	no data
Michael Matousek	Head Trader	8.8yrs	no data	no data
Ralph Aldis	Senior Mining Analyst & Portfolio Manager	no data	no data	no data
Joanna Sawicka	Portfolio Manager	no data	no data	no data

10.1yrs

Average Tenure

Experienced Management: UGL's management team is seasoned and experienced (10.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Holmes	CEO, Chief Investment Officer & Director	35.1yrs	US$786.00k	19.24% € 6.2m
Thomas Lydon	Independent Director	27.4yrs	US$85.00k	0.13% € 41.6k
Jerold Rubinstein	Independent Chairman of the Board & Director	35.1yrs	US$196.00k	0.021% € 6.7k
Roy Terracina	Independent Vice Chairman of the Board & Director	29.9yrs	US$85.00k	0.47% € 151.6k

32.5yrs

Average Tenure

73.5yo

Average Age

Experienced Board: UGL's board of directors are seasoned and experienced ( 32.5 years average tenure).

U.S. Global Investors Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Recent updates

Now 21% undervalued after recent price drop

New minor risk - Earnings quality

U.S. Global Investors, Inc. to Report Q1, 2025 Results on Nov 08, 2024

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

New major risk - Dividend sustainability

New minor risk - Profit margin trend

Full year 2024 earnings released: EPS: US$0.094 (vs US$0.21 in FY 2023)

U.S. Global Investors, Inc. to Report Fiscal Year 2024 Results on Sep 11, 2024

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

U.S. Global Investors, Inc. Approves Payment of Monthly Dividend Beginning in July 2024 and Continuing Through September 2024, Payable on July 29, 2024, August 26, 2024 and September 30, 2024 Respectively

Third quarter 2024 earnings released: US$0.002 loss per share (vs US$0.11 profit in 3Q 2023)

Dividend of US$0.0075 announced

Dividend of US$0.0075 announced

Now 24% undervalued after recent price drop

Dividend of US$0.0075 announced

U.S. Global Investors, Inc. Approves Dividend for the Month Beginning in April 2024 and Continuing Through June 2024, Payable on April 22, May 20 and June 24, 2024

Insufficient new directors

U.S. Global Investors, Inc. Announces Monthly Dividend from January 2024 to March 2024, Payable on January 22, 2024, February 26, 2024 and March 25, 2024 Respectively

U.S. Global Investors Receives a Standard Notification Letter from the Nasdaq Listing Qualifications Department of Nasdaq

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-K

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-K

U.S. Global Investors, Inc. announced delayed annual 10-K filing

U.S. Global Investors, Inc. Announces Monthly Dividend Beginning in October 2023 and Continuing Through December 2023, Payable on October 23, 2023, November 27, 2023 and December 26, 2023

U.S. Global Investors, Inc. Approves Monthly Dividend for July 2023 Through September 2023, Payable on July 24, 2023, August 28, 2023 and September 25, 2023

U.S. Global Investors, Inc. Approves Monthly Dividend for July 2023 Through September 2023, Payable on July 24, 2023, August 28, 2023 and September 25, 2023

Second quarter 2023 earnings released: EPS: US$0.058 (vs US$0.24 in 2Q 2022)

Insufficient new directors

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors, Inc. Announces Monthly Dividend, Payable on February 27, 2023 and March 27, 2023

U.S. Global Investors, Inc. Announces Monthly Dividend for December 16, 2022, to Continue Through March 2023, Payment Dates Are January 23, February 27 and March 27

First quarter 2023 earnings released: EPS: US$0.008 (vs US$0.16 in 1Q 2022)

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.008 (vs US$0.16 in 1Q 2022)

U.S. Global Investors, Inc. Authorizes Monthly Dividend

U.S. Global Investors, Inc. Announces Dividend for the Month of October, November and December 2022, Payable on October 31, November 28 and December 27, 2022 Respectively

Full year 2022 earnings released: EPS: US$0.37 (vs US$2.12 in FY 2021)

U.S. Global Investors, Inc. Announces Dividend, Payment Dates Will Be July 25, 2022, August 22, 2022 and September 26, 2022

Echo Lake Capital and Deerhaven Capital Management, LLC made a proposal (expression of interest) to acquire U.S. Global Investors, Inc. (NasdaqCM:GROW).

U.S. Global Investors, Inc. Announces Monthly Dividend, Payable on June 27, July 25, August 22 and September 26

Insufficient new directors

U.S. Global Investors, Inc. Announces Monthly Dividend from January to March 2022

U.S. Global Investors, Inc. announced delayed 10-Q filing

U.S. Global Investors Launches Smart-Beta 2.0 SEA ETF on the New York Stock Exchange

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment improved over the past week

Insufficient new directors

U.S. Global Investors, Inc. Announces Launch of Europe’s First Airlines Industry ETF with Strategic Partner HaNetf

U.S. Global Investors Announces Dividends for the Month of July, August and September 2021, Payable on July 26, 2021, August 30 2021, and September 27, 2021

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.10 loss in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

U.S. Global Investors, Inc. Approves Payment Monthly Dividend, Payable on April 26, 2021, May 24, 2021 and June 28, 2021

Investor sentiment improved over the past week

Second quarter 2021 earnings released

New 90-day high: €5.65

U.S. Global Investors, Inc. to Report Q2, 2021 Results on Feb 05, 2021

New 90-day high: €4.46

Investor sentiment improved over the past week

New 90-day high: €3.58

New 90-day high: €3.08

Market bids up stock over the past week

Market bids up stock over the past week

First quarter 2021 earnings released: EPS US$0.13

U.S. Global Investors, Inc. to Report Q1, 2021 Results on Nov 06, 2020

Full year earnings released

U.S. Global Investors, Inc. to Report Fiscal Year 2020 Results on Sep 11, 2020