Nordic American Tankers Management

Management criteria checks 2/4

Nordic American Tankers' CEO is Herbjorn Hansson, appointed in Jul 1995, has a tenure of 28.83 years. directly owns 2.01% of the company’s shares, worth €15.50M. The average tenure of the management team and the board of directors is 10.9 years and 9.2 years respectively.

Key information

Herbjorn Hansson

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	28.8yrs
CEO ownership	2.0%
Management average tenure	10.9yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO

Herbjorn Hansson (75 yo)

28.8yrs

Tenure

Mr. Herbjorn Hansson is a Director at The Shipowners Insurance and Guaranty Company Ltd. He is the Founder of Nordic American Tankers Limited (formerly Nordic American Tanker Shipping Ltd.) and has been it...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Herbjorn Hansson	Founder	28.8yrs	no data	2.01% $ 15.6m
Bjorn Giaever	Executive VP	6.6yrs	no data	no data
Jan Halvard Møller	Head of Investor Relations and Financial Manager	10.9yrs	no data	no data
Erik Tomstad	Executive Vice President of Chartering	no data	no data	no data

10.9yrs

Average Tenure

56yo

Average Age

Experienced Management: B3O's management team is seasoned and experienced (10.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Herbjorn Hansson	Founder	28.8yrs	no data	2.01% $ 15.6m
James Kelly	Non-Executive Director	13.9yrs	no data	no data
Alexander Hansson	Non-Executive Vice Chairman	4.5yrs	no data	1.01% $ 7.8m
Jenny Chu	Independent Non-Executive Director	2.1yrs	no data	no data

9.2yrs

Average Tenure

69.5yo

Average Age

Experienced Board: B3O's board of directors are considered experienced (9.2 years average tenure).

Nordic American Tankers Management

Management criteria checks 2/4

Key information

Recent management updates

Nordic American Tankers Limited, Annual General Meeting, Nov 16, 2023

Less than half of directors are independent

Less than half of directors are independent

Nordic American Tankers Limited, Annual General Meeting, Nov 17, 2022

Less than half of directors are independent

Nordic American Tankers Limited Announces Resignation of Doug Penick from Board

Recent updates

Full year 2023 earnings released: EPS: US$0.47 (vs US$0.075 in FY 2022)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.12 per share

Full year 2023 earnings released: EPS: US$0.47 (vs US$0.075 in FY 2022)

Nordic American Tankers Limited Announces Dividend for the Fourth Quarter of 2023, Payable April 10, 2024

Investor sentiment improves as stock rises 17%

Nordic American Tankers Limited to Report Q4, 2023 Results on Feb 29, 2024

Investor sentiment improves as stock rises 16%

Now 21% undervalued

Third quarter 2023 earnings released: EPS: US$0.036 (vs US$0.048 in 3Q 2022)

Nordic American Tankers Limited Announces Dividend for the Third Quarter of 2023, Payable on January 17, 2023

Investor sentiment improves as stock rises 17%

Nordic American Tankers Limited, Annual General Meeting, Nov 16, 2023

Second quarter 2023 earnings released: EPS: US$0.13 (vs US$0.02 loss in 2Q 2022)

Now 21% undervalued

Upcoming dividend of US$0.13 per share at 16% yield

Nordic American Tankers Limited Announces Dividend for the Second Quarter of 2023, Payable on October 5, 2023

Nordic American Tankers Limited Declares Dividend for the Second Quarter of 2023, Payable on October 5, 2023

Second quarter 2023 earnings released: EPS: US$0.13 (vs US$0.02 loss in 2Q 2022)

Nordic American Tankers Limited to Report First Half, 2023 Results on Aug 28, 2023

Investor sentiment improves as stock rises 19%

Upcoming dividend of US$0.15 per share at 16% yield

Now 20% undervalued after recent price drop

Nordic American Tankers Limited Declares Dividend for the First Quarter of 2023, Payable on July 6, 2023

Nordic American Tankers Limited to Report Q1, 2023 Results on May 22, 2023

Full year 2022 earnings released: EPS: US$0.075 (vs US$1.05 loss in FY 2021)

Now 22% undervalued

Investor sentiment improves as stock rises 18%

Full year 2022 earnings released: EPS: US$0.075 (vs US$1.05 loss in FY 2021)

Nordic American Tankers Limited to Report Q4, 2022 Results on Feb 10, 2023

Nordic American Tankers Limited Expects Increase Dividend for the Fourth Quarter of 2022

Third quarter 2022 earnings released: EPS: US$0.048 (vs US$0.27 loss in 3Q 2021)

Upcoming dividend of US$0.05 per share

Less than half of directors are independent

Nordic American Tankers Limited Declares Dividend Payment for the Third Quarter of 2022, Payable on October 12, 2022

Nordic American Tankers Limited to Report Q3, 2022 Results on Nov 30, 2022

Second quarter 2022 earnings released: US$0.02 loss per share (vs US$0.18 loss in 2Q 2021)

Upcoming dividend of US$0.03 per share

Second quarter 2022 earnings released: US$0.02 loss per share (vs US$0.18 loss in 2Q 2021)

Nordic American Tankers Limited Declares Dividend Payment for the Second Quarter of 2022, Payable on October 12, 2022

Less than half of directors are independent

Nordic American Tankers Limited to Report Q2, 2022 Results on Aug 30, 2022

Nordic American Tankers Limited, Annual General Meeting, Nov 17, 2022

Nordic American Tankers Limited Announces Cash Dividend for First Quarter of 2022, Payable on July 6, 2022

Nordic American Tankers Limited to Report Q1, 2022 Results on May 31, 2022

Nordic American Tankers Limited announced delayed 20-F filing

Less than half of directors are independent

Nordic American Tankers Limited Announces Resignation of Doug Penick from Board

Upcoming dividend of US$0.01 per share

Nordic American Tankers Limited Announces Cash Dividend for the Fourth Quarter of 2021, Payable on March 30, 2022

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

Now 22% undervalued after recent price drop

Now 24% undervalued after recent price drop

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2021 earnings released: US$0.18 loss per share (vs US$0.33 profit in 2Q 2020)

Upcoming dividend of US$0.01 per share

Second quarter 2021 earnings released: US$0.18 loss per share (vs US$0.33 profit in 2Q 2020)

Less than half of directors are independent

Nordic American Tankers Limited Announces Cash Dividend for the First Quarter of 2021, Payable on or About June 18, 2021

First quarter 2021 earnings released: US$0.17 loss per share (vs US$0.27 profit in 1Q 2020)

Full year 2020 earnings released: EPS US$0.34 (vs US$0.073 loss in FY 2019)

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$0.34 (vs US$0.073 loss in FY 2019)

Revenue misses expectations

Investor sentiment improved over the past week

New 90-day high: €3.19

New 90-day low: €2.27

Market pulls back on stock over the past week