ChampionX Management

Management criteria checks 3/4

ChampionX's CEO is Soma Somasundaram, appointed in May 2018, has a tenure of 6.5 years. total yearly compensation is $7.62M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth €15.32M. The average tenure of the management team and the board of directors is 4.8 years and 5.5 years respectively.

Key information

Soma Somasundaram

Chief executive officer

US$7.6m

Total compensation

CEO salary percentage	12.0%
CEO tenure	6.5yrs
CEO ownership	0.3%
Management average tenure	4.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Soma Somasundaram's remuneration changed compared to ChampionX's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$315m
Jun 30 2024	n/a	n/a	US$320m
Mar 31 2024	n/a	n/a	US$364m
Dec 31 2023	US$8m	US$913k	US$314m
Sep 30 2023	n/a	n/a	US$305m
Jun 30 2023	n/a	n/a	US$250m
Mar 31 2023	n/a	n/a	US$182m
Dec 31 2022	US$7m	US$874k	US$155m
Sep 30 2022	n/a	n/a	US$131m
Jun 30 2022	n/a	n/a	US$164m
Mar 31 2022	n/a	n/a	US$144m
Dec 31 2021	US$6m	US$841k	US$113m
Sep 30 2021	n/a	n/a	US$77m
Jun 30 2021	n/a	n/a	US$12m
Mar 31 2021	n/a	n/a	-US$104m
Dec 31 2020	US$3m	US$620k	-US$744m
Sep 30 2020	n/a	n/a	-US$753m
Jun 30 2020	n/a	n/a	-US$734m
Mar 31 2020	n/a	n/a	-US$601m
Dec 31 2019	US$5m	US$737k	US$52m
Sep 30 2019	n/a	n/a	US$75m
Jun 30 2019	n/a	n/a	US$89m
Mar 31 2019	n/a	n/a	US$88m
Dec 31 2018	US$9m	US$644k	US$93m
Sep 30 2018	n/a	n/a	US$133m
Jun 30 2018	n/a	n/a	US$126m
Mar 31 2018	n/a	n/a	US$123m
Dec 31 2017	US$2m	US$535k	US$110m

Compensation vs Market: Soma's total compensation ($USD7.62M) is above average for companies of similar size in the German market ($USD3.59M).

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

CEO

Soma Somasundaram (58 yo)

6.5yrs

Tenure

US$7,622,277

Compensation

Mr. Sivasankaran Somasundaram, also known as Soma, is Director of Lennox International Inc. from March 15, 2024. He was Independent Director of Magellan GP, LLC at Magellan Midstream Partners, L. P. since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sivasankaran Somasundaram	President	6.5yrs	US$7.62m	0.27% € 15.3m
Kenneth Fisher	Executive VP & CFO	3.8yrs	US$3.31m	0.048% € 2.7m
Deric Bryant	COO & President of Chemical Technologies	4.4yrs	US$2.74m	0.18% € 10.1m
Julia Wright	Senior VP	6.5yrs	US$1.84m	0.040% € 2.3m
Paul Mahoney	President of Production & Automation Technologies	6.5yrs	US$1.88m	0.065% € 3.7m
Antoine Marcos	VP, Corporate Controller & Chief Accounting Officer	4.4yrs	no data	0.029% € 1.7m
Mark Eley	Senior VP of Marketing & Technology	4.8yrs	no data	no data
Alina Parast	Senior VP & Chief Information Officer	4.8yrs	no data	no data
Byron Pope	Vice President of ESG & Investor Relations	4.3yrs	no data	no data
Jordan Zweig	Senior VP & Chief Human Resources Officer	4.8yrs	no data	0.039% € 2.2m
Robert Galloway	President of Drilling Technologies	6.5yrs	US$1.43m	0.037% € 2.1m
Syed Raza	Senior VP & Chief Digital Officer	6.5yrs	US$678.68k	0.038% € 2.2m

4.8yrs

Average Tenure

57yo

Average Age

Experienced Management: X9P's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sivasankaran Somasundaram	President	6.6yrs	US$7.62m	0.27% € 15.3m
Daniel Rabun	Independent Chairman	6.5yrs	US$360.25k	0.019% € 1.1m
Carlos Fierro	Independent Director	1.8yrs	US$218.12k	0.0016% € 89.7k
Gary Luquette	Independent Director	6.5yrs	US$248.79k	0.018% € 1.0m
Stuart Porter	Independent Director	4.4yrs	US$242.32k	0.0031% € 174.3k
Mamatha Chamarthi	Independent Director	6.5yrs	US$247.50k	0.018% € 1.0m
Heidi Alderman	Independent Director	4.4yrs	US$238.79k	0.0036% € 204.0k
Elaine Pickle	Independent Director	1.8yrs	US$218.12k	0.0041% € 234.3k

5.5yrs

Average Tenure

61yo

Average Age

Experienced Board: X9P's board of directors are considered experienced (5.5 years average tenure).

ChampionX Management

Management criteria checks 3/4

Key information

Recent management updates

ChampionX Corporation Announces Management Changes

ChampionX Corporation Announces Board Changes

Independent Director recently sold €92k worth of stock

Senior VP recently sold €379k worth of stock

ChampionX Corporation, Annual General Meeting, May 11, 2022

Insider recently sold €234k worth of stock

Recent updates

ChampionX Declares Quarterly Dividend, Payable on January 31, 2025

Third quarter 2024 earnings released: EPS: US$0.38 (vs US$0.40 in 3Q 2023)

Upcoming dividend of US$0.095 per share

Second quarter dividend of US$0.095 announced

ChampionX Corporation Declares a Regular Quarterly Dividend, Payable on October 25, 2024

Second quarter 2024 earnings released: EPS: US$0.28 (vs US$0.49 in 2Q 2023)

First quarter dividend of US$0.095 announced

ChampionX Corporation Declares Quarterly Dividend, Payable on July 26, 2024

First quarter 2024 earnings released: EPS: US$0.59 (vs US$0.32 in 1Q 2023)

ChampionX Corporation to Report Q1, 2024 Results on Apr 24, 2024

Schlumberger Limited (NYSE:SLB) entered into a definitive agreement to acquire ChampionX Corporation (NasdaqGS:CHX) for $7.9 billion.

Upcoming dividend of US$0.095 per share

ChampionX Corporation (NasdaqGS:CHX) acquired Artificial Lift Performance Limited.

Fourth quarter dividend of US$0.095 announced

Full year 2023 earnings released: EPS: US$1.60 (vs US$0.77 in FY 2022)

ChampionX Corporation Provides Consolidated Earnings Guidance for the First Quarter of 2024

Upcoming dividend of US$0.085 per share at 1.1% yield

ChampionX Corporation Declares a Regular Quarterly Dividend, Payable on January 26, 2024

Third quarter 2023 earnings released: EPS: US$0.40 (vs US$0.12 in 3Q 2022)

ChampionX Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.085 per share at 0.9% yield

Now 21% undervalued

Second quarter 2023 earnings released: EPS: US$0.49 (vs US$0.13 in 2Q 2022)

Championx Corporation Provides Consolidated Earnings Guidance for the Third Quarter of 2023

ChampionX Corporation to Report Q2, 2023 Results on Jul 24, 2023

Upcoming dividend of US$0.085 per share at 1.2% yield

ChampionX Corporation Declares Quarterly Dividend, Payable on July 28, 2023

First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.18 in 1Q 2022)

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.085 per share at 1.3% yield

Now 22% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 17%

ChampionX Corporation Announces Management Changes

ChampionX Corporation Increases Quarterly Dividend, Payable on April 28, 2023

ChampionX Corporation Announces Board Changes

Full year 2022 earnings released: EPS: US$0.77 (vs US$0.56 in FY 2021)

ChampionX Corporation Announces Goodwill Impairment Charges for the Fourth Quarter Ended December 31, 2022

ChampionX Corporation to Report Q4, 2022 Results on Feb 01, 2023

Upcoming dividend of US$0.075 per share

Independent Director recently sold €92k worth of stock

ChampionX Corporation Declares Regular Quarterly Dividend, Payable on January 27, 2023

Senior VP recently sold €379k worth of stock

Third quarter 2022 earnings released: EPS: US$0.12 (vs US$0.28 in 3Q 2021)

Investor sentiment improved over the past week

ChampionX Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.075 per share

ChampionX Corporation Declares Quarterly Dividend, to Be Paid on October 28, 2022

Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.036 in 2Q 2021)

ChampionX Corporation to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.075 per share

ChampionX Corporation Declares Regular Quarterly Dividend, Payable on July 29, 2022

First quarter 2022 earnings released: EPS: US$0.18 (vs US$0.029 in 1Q 2021)

ChampionX Corporation to Report Q1, 2022 Results on Apr 26, 2022

ChampionX Corporation, Annual General Meeting, May 11, 2022

Investor sentiment improved over the past week

ChampionX Corporation (NasdaqGS:CHX) announces an Equity Buyback for $250 million worth of its shares.

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

ChampionX Corporation Initiates Regular Quarterly Cash Dividend on Common Stock, Payable on April 29, 2022

ChampionX Corporation Introduces Next Generation ESP Pump Line Offers Greater Efficiency and Lower Carbon Footprint in Unconventional Wells

Investor sentiment improved over the past week

ChampionX Corporation (NasdaqGS:CHX) acquired Tomson Technologies LLC/Group 2 Technologies LLC.

Third quarter 2021 earnings released: EPS US$0.28 (vs US$0.04 loss in 3Q 2020)

RPM International Inc. (NYSE:RPM) acquired 178,000-square-foot chemical manufacturing facility in Corsicana of ChampionX Corporation (NasdaqGS:CHX).

Second quarter 2021 earnings released: EPS US$0.036 (vs US$0.95 loss in 2Q 2020)

ChampionX Corporation (NasdaqGS:CHX) acquired Scientific Aviation, Inc.

Insider recently sold €234k worth of stock

First quarter 2021 earnings released: EPS US$0.029 (vs US$8.18 loss in 1Q 2020)

New 90-day high: €16.90

Full year 2020 earnings released: US$5.01 loss per share (vs US$0.67 profit in FY 2019)