Forum Energy Technologies Management
Management criteria checks 2/4
Forum Energy Technologies' CEO is Neal Lux, appointed in Feb 2022, has a tenure of 2.83 years. total yearly compensation is $4.46M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth €2.20M. The average tenure of the management team and the board of directors is 3.6 years and 13.2 years respectively.
Key information
Neal Lux
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 14.9% |
| CEO tenure | 2.8yrs |
| CEO ownership | 1.3% |
| Management average tenure | 3.6yrs |
| Board average tenure | 13.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$49m |
| Jun 30 2024 | n/a | n/a | -US$26m |
| Mar 31 2024 | n/a | n/a | -US$26m |
| Dec 31 2023 | US$4m | US$663k | -US$19m |
| Sep 30 2023 | n/a | n/a | -US$15m |
| Jun 30 2023 | n/a | n/a | -US$6m |
| Mar 31 2023 | n/a | n/a | US$9m |
| Dec 31 2022 | US$4m | US$564k | US$4m |
| Sep 30 2022 | n/a | n/a | -US$3m |
| Jun 30 2022 | n/a | n/a | -US$31m |
| Mar 31 2022 | n/a | n/a | -US$62m |
| Dec 31 2021 | US$1m | US$371k | -US$83m |
Compensation vs Market: Neal's total compensation ($USD4.46M) is above average for companies of similar size in the German market ($USD848.40K).
Compensation vs Earnings: Neal's compensation has increased whilst the company is unprofitable.
CEO
Neal Lux (49 yo)
2.8yrs
Tenure
US$4,455,101
Compensation
Mr. Neal A. Lux serves as Chief Executive Officer, President and Director at Forum Energy Technologies, Inc since February 18, 2022. Mr. Lux had been Executive Vice President and Chief Operating Officer of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$4.46m | 1.26% € 2.2m | |
| Executive VP & CFO | 4.4yrs | US$2.38m | 0.51% € 886.9k | |
| Executive VP | 6.8yrs | US$1.55m | 0.36% € 626.6k | |
| Senior VP & Chief Accounting Officer | 2.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 9.8yrs | US$1.07m | 0.27% € 477.7k | |
| Senior Vice President of Operations | less than a year | no data | 0.049% € 85.9k | |
| Senior Vice President of Operations | less than a year | no data | 0.018% € 30.9k | |
| VP of Finance & Treasurer | 5.3yrs | no data | no data |
3.6yrs
Average Tenure
50yo
Average Age
Experienced Management: 1FE1's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$4.46m | 1.26% € 2.2m | |
| Lead Independent Director | 14.3yrs | US$247.50k | 0.089% € 155.6k | |
| Independent Director | 12.9yrs | US$235.00k | 0.13% € 229.3k | |
| Chairman of the Board | 18yrs | no data | 2.28% € 4.0m | |
| Independent Director | 3.1yrs | US$237.50k | 0.053% € 93.0k | |
| Independent Director | 13.4yrs | US$240.00k | 0.46% € 807.9k | |
| Independent Director | 13.8yrs | US$245.00k | 0.087% € 152.0k | |
| Independent Director | less than a year | US$168.76k | no data |
13.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: 1FE1's board of directors are seasoned and experienced ( 13.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 03:23 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forum Energy Technologies, Inc. is covered by 34 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| J. David Anderson | Barclays |
| Chase Mulvehill | BofA Global Research |