Mattr Management

Management criteria checks 3/4

Mattr's CEO is Mike Reeves, appointed in Mar 2021, has a tenure of 3.17 years. total yearly compensation is CA$4.74M, comprised of 18.1% salary and 81.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth €1.16M. The average tenure of the management team and the board of directors is 3.9 years and 3 years respectively.

Key information

Mike Reeves

Chief executive officer

CA$4.7m

Total compensation

CEO salary percentage	18.1%
CEO tenure	3.2yrs
CEO ownership	0.2%
Management average tenure	3.9yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Reeves's remuneration changed compared to Mattr's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$5m	CA$858k	CA$56m
Sep 30 2023	n/a	n/a	-CA$57m
Jun 30 2023	n/a	n/a	-CA$46m
Mar 31 2023	n/a	n/a	CA$2m
Dec 31 2022	CA$4m	CA$747k	CA$94m
Sep 30 2022	n/a	n/a	CA$22m
Jun 30 2022	n/a	n/a	-CA$15m
Mar 31 2022	n/a	n/a	-CA$71m
Dec 31 2021	CA$4m	CA$606k	-CA$79m

Compensation vs Market: Mike's total compensation ($USD3.47M) is above average for companies of similar size in the German market ($USD1.29M).

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

CEO

Mike Reeves (51 yo)

3.2yrs

Tenure

CA$4,739,856

Compensation

Mr. Michael E. Reeves, also known as Mike, has been President of Mattr Corp. (formerly known as Shawcor Ltd.) since March 3, 2021 and serves as its Chief Executive Officer and Director since June 01, 2021....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Reeves	President	3.2yrs	CA$4.74m	0.15% CA$ 1.2m
Thomas Holloway	Senior VP of Finance & CFO	1.9yrs	CA$2.14m	0.031% CA$ 232.9k
Timothy Hutzul	Senior VP of Legal & General Counsel	5.5yrs	CA$1.15m	0.014% CA$ 108.0k
Frank Cistrone	Group President of Connection Technologies	8yrs	CA$1.14m	0.075% CA$ 567.8k
Martin Perez	Group President of Composite Technologies	3.3yrs	CA$1.36m	0.016% CA$ 116.9k
Nicol Vielliard	VP of Legal & Chief Compliance Officer	no data	no data	no data
Meghan MacEachern	Vice President of External Communication & ESG	no data	no data	0.00095% CA$ 7.1k
Geoff Smith	Senior VP	4.4yrs	no data	0.016% CA$ 119.6k
Shannon Glover	VP of Legal & Corporate Secretary	no data	no data	no data

3.9yrs

Average Tenure

Experienced Management: Y6R's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Reeves	President	2.9yrs	CA$4.74m	0.15% CA$ 1.2m
Alan Hibben	Independent Director	3.9yrs	CA$214.00k	0.13% CA$ 979.9k
Kevin Nugent	Independent Chair	3yrs	CA$223.30k	0.0060% CA$ 45.3k
Katherine Rethy	Independent Director	less than a year	CA$120.70k	0.0030% CA$ 22.6k
Laura Cillis	Independent Director	4.4yrs	CA$203.50k	0.023% CA$ 174.5k
Derek Blackwood	Independent Director	13yrs	CA$325.21k	0.068% CA$ 510.1k
Kathleen Hall	Independent Director	2yrs	CA$197.00k	0.0085% CA$ 64.1k

3.0yrs

Average Tenure

64yo

Average Age

Experienced Board: Y6R's board of directors are considered experienced (3 years average tenure).

Mattr Management

Management criteria checks 3/4

Key information

Recent management updates

Mattr Corp., Annual General Meeting, May 15, 2024

Shawcor Ltd. Announces Board Changes

Shawcor Ltd. Approves Election of Katherine Rethy as Director

Insider recently sold €94k worth of stock

High number of new directors

High number of new directors

Recent updates

Mattr Corp. to Report Q1, 2024 Results on May 14, 2024

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: CA$0.81 (vs CA$0.43 loss in FY 2022)

Mattr Corp., Annual General Meeting, May 15, 2024

Mattr Corp. to Report Q4, 2023 Results on Mar 13, 2024

Tenaris S.A. (BIT:TEN) entered into a definitive agreement to acquire Bredero Shaw International B.V. from Shawcor Ltd. (TSX:MATR) for $182.6 million.

Shawcor Ltd. Announces Board Changes

Shawcor Ltd. to Report Q4, 2023 Results on Feb 20, 2024

Third quarter 2023 earnings released: EPS: CA$0.26 (vs CA$0.33 in 3Q 2022)

New minor risk - Share price stability

Shawcor Ltd. to Report Q3, 2023 Results on Nov 13, 2023

enaris S.A. (BIT:TEN) entered into a definitive agreement to acquire Bredero Shaw International B.V. from Shawcor Ltd. (TSX:MATR) for $166 million .

Second quarter 2023 earnings released: EPS: CA$0.19 (vs CA$0.29 in 2Q 2022)

Shawcor Ltd. to Report Q2, 2023 Results on Aug 10, 2023

Shawcor Ltd. (TSX:MATR) announces an Equity Buyback for 3,442,233 shares, representing 4.94% for CAD 25 million.

Achieve Capital, LLC and management acquired Shaw Pipeline Services, Inc. from Shawcor Ltd.

Shawcor Ltd. Approves Election of Katherine Rethy as Director

First quarter 2023 earnings released: EPS: CA$0.36 (vs CA$0.098 loss in 1Q 2022)

Now 21% undervalued after recent price drop

Full year 2022 earnings released: CA$0.43 loss per share (vs CA$1.12 loss in FY 2021)

Insider recently sold €94k worth of stock

Shawcor Ltd. (TSX:SCL) acquired Kanata Electronic Services Limited.

Force Inspection Services Inc. acquired Oilfield Asset Management Business of Shawcor Ltd. for CAD 15 million.

High number of new directors

Shawcor Ltd. to Report Q3, 2022 Results on Nov 14, 2022

Shawcor Ltd. (TSX:SCL) announces an Equity Buyback for 5,685,630 shares, for CAD 25 million.

Shawcor Ltd. Board intends to launch an Equity Buyback.

A private investment group, including members of LSC management acquired Lake Superior Consulting, LLC from Shawcor Ltd. (TSX:SCL) on CAD 8 million.

Second quarter 2022 earnings released: EPS: CA$0.29 (vs CA$0.038 in 2Q 2021)

Shawcor Ltd. Reports Impairment Charges for the Second Quarter Ended June 30, 2022

Shawcor Ltd. to Report Q2, 2022 Results on Aug 11, 2022

High number of new directors

First quarter 2022 earnings released: CA$0.098 loss per share (vs CA$0.22 loss in 1Q 2021)

Ann unknown buyer acquired Pipe coating facility in Adria, Italy from Shawcor Ltd. (TSX:SCL).

Shawcor Ltd. to Report Q1, 2022 Results on May 12, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Shawcor Ltd. to Report Q4, 2021 Results on Mar 09, 2022

Superior Integrity Limited acquired Shawcor Inspection Services Business of Shawcor Ltd. (TSX:SCL) for CAD 11.5 million.

An unknown buyer acquired Guardian Inspection S.A. de C.V. from Shawcor Ltd. (TSX:SCL).

Third quarter 2021 earnings released: CA$0.12 loss per share (vs CA$0.26 loss in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CA$0.038 (vs CA$0.52 loss in 2Q 2020)

Shawcor Ltd. Provides Earnings Guidance for the Full Year of 2021

High number of new directors

Independent Director has left the company

Independent Director has left the company

Independent Director has left the company

First quarter 2021 earnings released: CA$0.22 loss per share (vs CA$3.35 loss in 1Q 2020)

Shawcor Ltd. Announces Conditional Award for North Sea Development Project

Full year 2020 earnings released: CA$3.33 loss per share (vs CA$0.47 loss in FY 2019)

Revenue beats expectations

Shawcor Ltd., Annual General Meeting, May 13, 2021

Shawcor Ltd. Appoints Michael E. Reeves as President

Shawcor Ltd. to Report Q4, 2020 Results on Mar 10, 2021

New 90-day high: €3.14

Shawcor Ltd.(TSX:SCL) dropped from S&P/TSX Composite Index

New 90-day high: €2.56

Seal for Life Industries, LLC acquired Pipeline Performance Products Business from Shawcor Ltd. (TSX:SCL) for $91.5 million.

New 90-day high: €2.38

New 90-day high: €2.10

Third quarter 2020 earnings released: CA$0.26 loss per share

Revenue misses expectations

Shawcor Ltd. Announces Contract Award for the Payara Development Project

Shawcor Ltd. Intends to Exit Certain North American and International Locations of Its Pipeline and Pipe Services Segment

First half earnings released

Shawcor Ltd. to Report Q2, 2020 Results on Aug 06, 2020

CEO Compensation Analysis

CEO