Pason Systems Management

Management criteria checks 4/4

Pason Systems' CEO is Jon Faber, appointed in Oct 2020, has a tenure of 3.5 years. total yearly compensation is CA$2.00M, comprised of 24.2% salary and 75.8% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth €459.12K. The average tenure of the management team and the board of directors is 3.9 years and 6.9 years respectively.

Key information

Jon Faber

Chief executive officer

CA$2.0m

Total compensation

CEO salary percentage	24.2%
CEO tenure	3.5yrs
CEO ownership	0.05%
Management average tenure	3.9yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jon Faber's remuneration changed compared to Pason Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$2m	CA$485k	CA$98m
Sep 30 2023	n/a	n/a	CA$125m
Jun 30 2023	n/a	n/a	CA$132m
Mar 31 2023	n/a	n/a	CA$125m
Dec 31 2022	CA$2m	CA$465k	CA$108m
Sep 30 2022	n/a	n/a	CA$83m
Jun 30 2022	n/a	n/a	CA$61m
Mar 31 2022	n/a	n/a	CA$48m
Dec 31 2021	CA$2m	CA$450k	CA$34m
Sep 30 2021	n/a	n/a	CA$21m
Jun 30 2021	n/a	n/a	CA$4m
Mar 31 2021	n/a	n/a	-CA$6m
Dec 31 2020	CA$1m	CA$389k	CA$7m
Sep 30 2020	n/a	n/a	CA$19m
Jun 30 2020	n/a	n/a	CA$38m
Mar 31 2020	n/a	n/a	CA$52m
Dec 31 2019	CA$1m	CA$360k	CA$54m
Sep 30 2019	n/a	n/a	CA$64m
Jun 30 2019	n/a	n/a	CA$73m
Mar 31 2019	n/a	n/a	CA$70m
Dec 31 2018	CA$1m	CA$323k	CA$63m
Sep 30 2018	n/a	n/a	CA$47m
Jun 30 2018	n/a	n/a	CA$30m
Mar 31 2018	n/a	n/a	CA$31m
Dec 31 2017	CA$1m	CA$315k	CA$25m

Compensation vs Market: Jon's total compensation ($USD1.47M) is about average for companies of similar size in the German market ($USD1.29M).

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

CEO

Jon Faber (43 yo)

3.5yrs

Tenure

CA$2,003,887

Compensation

Mr. Jon Faber, CFA, CBV, has been Non-Independent Director, President and Chief Executive Officer at Pason Systems Inc. since October 01, 2020. Mr. Faber was the Chief Financial Officer of Pason Systems In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jon Faber	President	3.5yrs	CA$2.00m	0.053% CA$ 459.1k
Celine Boston	Chief Financial Officer	3.4yrs	CA$999.00k	0.0024% CA$ 20.7k
Bryce McLean	Vice President of Operations	no data	CA$985.51k	0.0091% CA$ 79.4k
Lars Olesen	Vice President of Product & Technology	4.3yrs	no data	0.013% CA$ 108.7k
Natalie Fenez	VP of Legal & Corporate Secretary	5.3yrs	no data	0.0020% CA$ 17.5k
Heather Hantos	Vice President of Human Resources	3.3yrs	no data	no data
Timur Kuru	President & GM of United States	4.3yrs	CA$1.32m	no data
Ben Thomas	Director of Support Services - United States Business Unit	no data	CA$145.00k	no data

3.9yrs

Average Tenure

Experienced Management: 3PS's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jon Faber	President	3.5yrs	CA$2.00m	0.053% CA$ 459.1k
T. Collins	Independent Director	11.7yrs	CA$178.43k	no data
Judith Hess	Independent Director	9.2yrs	CA$165.87k	no data
Kenneth Mullen	Independent Non-Executive Director	1.3yrs	CA$182.28k	0.0025% CA$ 21.8k
Marcel Kessler	Non-Executive Chairman	12.3yrs	CA$265.63k	0.075% CA$ 655.8k
Laura Schwinn	Independent Lead Director	4.7yrs	CA$178.13k	no data

6.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 3PS's board of directors are considered experienced (6.9 years average tenure).

Pason Systems Management

Management criteria checks 4/4

Key information

Recent management updates

Pason Systems Inc., Annual General Meeting, May 02, 2024

Pason Systems Inc., Annual General Meeting, May 04, 2023

Pason Systems Inc. Announces Appointment of Ken Mullen to Its Board of Directors

Vice President of Operations recently bought €212k worth of stock

Pason Systems Inc., Annual General Meeting, Apr 29, 2021

President recently bought €51k worth of stock

Recent updates

Pason Systems Inc. to Report Q3, 2024 Results on Nov 07, 2024

Pason Systems Inc. to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of CA$0.13 per share

Fourth quarter dividend of CA$0.13 announced

Pason Declares Increased Quarterly Dividend on the Company's Common Shares, Payable on March 29, 2024

Full year 2023 earnings released: EPS: CA$1.21 (vs CA$1.31 in FY 2022)

Pason Systems Inc., Annual General Meeting, May 02, 2024

Pason Systems Inc. to Report Q4, 2023 Results on Feb 28, 2024

Pason Systems Inc. (TSX:PSI) acquired remaining stake in Intelligent Wellhead Systems, Inc. for CAD 88.2 million.

Upcoming dividend of CA$0.12 per share at 3.2% yield

New major risk - Revenue and earnings growth

Pason Systems Inc. Declares Quarterly Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: CA$0.35 (vs CA$0.42 in 3Q 2022)

Upcoming dividend of CA$0.12 per share at 3.4% yield

Pason Systems Inc. Declares Quarterly Dividend, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: CA$0.32 (vs CA$0.23 in 2Q 2022)

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

Upcoming dividend of CA$0.12 per share at 4.1% yield

First quarter 2023 earnings released: EPS: CA$0.44 (vs CA$0.23 in 1Q 2022)

Pason Systems Inc. Declares Quarterly Dividend, Payable on June 30, 2023

Full year 2022 earnings released: EPS: CA$1.31 (vs CA$0.41 in FY 2021)

Now 21% undervalued after recent price drop

Pason Systems Inc. to Report Q1, 2023 Results on May 04, 2023

Now 20% undervalued

Pason Systems Inc., Annual General Meeting, May 04, 2023

Pason Systems Inc. Announces Appointment of Ken Mullen to Its Board of Directors

Pason Systems Inc. to Report Q4, 2022 Results on Mar 02, 2023

Pason Systems Inc. (TSX:PSI) acquired an unknown minority stake in Intelligent Wellhead Systems Inc.

Upcoming dividend of CA$0.12 per share

Vice President of Operations recently bought €212k worth of stock

Third quarter 2022 earnings released: EPS: CA$0.42 (vs CA$0.16 in 3Q 2021)

Pason Systems Inc. Declares Increased Quarterly Dividend, Payable on December 30, 2022

Upcoming dividend of CA$0.08 per share

Second quarter 2022 earnings released: EPS: CA$0.23 (vs CA$0.064 in 2Q 2021)

Pason Systems Inc. Declares Quarterly Dividend, Payable on September 29, 2022

Upcoming dividend of CA$0.08 per share

Pason Systems Inc. to Report Q3, 2022 Results on Nov 02, 2022

First quarter 2022 earnings released: EPS: CA$0.23 (vs CA$0.052 in 1Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of CA$0.08 per share

Pason Systems Inc. to Report Q2, 2022 Results on Aug 10, 2022

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

Pason Systems Inc. Declares Quarterly Dividend, Payable on March 31, 2022

Upcoming dividend of CA$0.05 per share

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CA$0.16 (vs CA$0.044 loss in 3Q 2020)

Upcoming dividend of CA$0.05 per share

Second quarter 2021 earnings released: EPS CA$0.064 (vs CA$0.053 loss in 2Q 2020)

Pason Systems Inc. (TSX:PSI) acquired an unknown additional stake in Intelligent Wellhead Systems Inc. for CAD 7.1 million.

Upcoming dividend of CA$0.05 per share

First quarter 2021 earnings released: EPS CA$0.05 (vs CA$0.20 in 1Q 2020)

Pason Systems Inc. Announces Quarterly Dividend, Payable on June 29, 2021

Upcoming Dividend of CA$0.05 Per Share

Full year 2020 earnings released: EPS CA$0.08 (vs CA$0.63 in FY 2019)

Revenue beats expectations

New 90-day high: €5.90

Pason Systems Inc., Annual General Meeting, Apr 29, 2021

Pason Systems Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: €5.40

President recently bought €51k worth of stock

New 90-day high: €4.82

Upcoming Dividend of CA$0.05 Per Share

Market bids up stock over the past week

New 90-day high: €4.26

Market bids up stock over the past week

Third quarter 2020 earnings released: CA$0.04 loss per share

Revenue beats expectations

New 90-day low: €3.18