PetIQ Management

Management criteria checks 3/4

PetIQ's CEO is Cord Christensen, appointed in Jan 2010, has a tenure of 14.33 years. total yearly compensation is $4.75M, comprised of 22% salary and 78% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth €2.30M. The average tenure of the management team and the board of directors is 2 years and 3.2 years respectively.

Key information

Cord Christensen

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	22.0%
CEO tenure	14.3yrs
CEO ownership	0.5%
Management average tenure	2yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Cord Christensen's remuneration changed compared to PetIQ's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$1m	US$2m
Sep 30 2023	n/a	n/a	US$13m
Jun 30 2023	n/a	n/a	-US$37m
Mar 31 2023	n/a	n/a	-US$42m
Dec 31 2022	US$4m	US$998k	-US$48m
Sep 30 2022	n/a	n/a	-US$55m
Jun 30 2022	n/a	n/a	-US$14m
Mar 31 2022	n/a	n/a	-US$15m
Dec 31 2021	US$4m	US$950k	-US$16m
Sep 30 2021	n/a	n/a	-US$11m
Jun 30 2021	n/a	n/a	-US$73m
Mar 31 2021	n/a	n/a	-US$79m
Dec 31 2020	US$2m	US$818k	-US$83m
Sep 30 2020	n/a	n/a	-US$85m
Jun 30 2020	n/a	n/a	-US$20m
Mar 31 2020	n/a	n/a	-US$15m
Dec 31 2019	US$2m	US$516k	-US$11m
Sep 30 2019	n/a	n/a	-US$4m
Jun 30 2019	n/a	n/a	US$4m
Mar 31 2019	n/a	n/a	US$3m
Dec 31 2018	US$2m	US$491k	-US$782k
Sep 30 2018	n/a	n/a	-US$575k
Jun 30 2018	n/a	n/a	-US$3m
Mar 31 2018	n/a	n/a	-US$6m
Dec 31 2017	US$2m	US$295k	-US$3m

Compensation vs Market: Cord's total compensation ($USD4.75M) is above average for companies of similar size in the German market ($USD993.35K).

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

CEO

Cord Christensen (51 yo)

14.3yrs

Tenure

US$4,746,641

Compensation

Mr. McCord Christensen, also known as Cord, serves as Chief Executive Officer of PetIQ, Inc. Mr. Christensen is the Co-Founder of PetIQ, Inc. in 2010. He gained extensive retail and management experience w...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
McCord Christensen	Chairman of the Board & CEO	14.3yrs	US$4.75m	0.49% $ 2.3m
Michael Smith	President & COO	1.9yrs	US$5.94m	0.23% $ 1.1m
Zvi Glasman	Chief Financial Officer	2.3yrs	US$1.95m	0.087% $ 406.7k
William Carter	Executive VP & General Counsel	less than a year	US$783.89k	no data
John Pearson	Executive Vice President of Services & Manufactured Products	2yrs	US$1.74m	0.044% $ 204.6k
Jeff Caywood	Senior VP	no data	no data	no data

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: 39L's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
McCord Christensen	Chairman of the Board & CEO	6.8yrs	US$4.75m	0.49% $ 2.3m
Mark First	Lead Independent Director	6.8yrs	US$162.50k	0.042% $ 196.6k
Sheryl O'Loughlin	Independent Director	3.2yrs	US$150.00k	0.030% $ 137.9k
Scott Huff	Independent Director	4.8yrs	US$155.00k	0.041% $ 191.0k
Kimberly Lefko	Independent Director	3.2yrs	US$150.00k	0.030% $ 137.9k
Kenneth Walker	Independent Director	2.3yrs	US$150.00k	0.025% $ 114.9k
Allan Hall	Independent Director	2.1yrs	US$170.00k	0.023% $ 106.1k

3.2yrs

Average Tenure

51yo

Average Age

Experienced Board: 39L's board of directors are considered experienced (3.2 years average tenure).

PetIQ Management

Management criteria checks 3/4

Key information

Recent management updates

PetIQ, Inc., Annual General Meeting, Jun 07, 2024

Petiq, Inc. Announces Termination of R. Michael Herrman, as Executive Vice President and Corporate Secretary

President & COO recently bought €98k worth of stock

High number of new directors

PetIQ, Inc. Appoints John Pearson as Senior Vice President, Head of Services Division

PetIQ, Inc. Announces Demise of Larry Bird

Recent updates

PetIQ, Inc. to Report Q1, 2024 Results on May 08, 2024

PetIQ, Inc., Annual General Meeting, Jun 07, 2024

PetIQ, Inc. Announces Expansion of Minties Dental Treats Brand with Launch of New Dental Chew for Large-Sized Dogs

Petiq, Inc. Provides Sales Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$0.073 (vs US$1.65 loss in FY 2022)

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

PetIQ, Inc.'s New Sentry™? Portable Calming Diffuser Helps Calm Dogs and Cats During the Busy Holiday Season and Beyond

Investor sentiment deteriorates as stock falls 17%

Third quarter 2023 earnings released: EPS: US$0.015 (vs US$1.68 loss in 3Q 2022)

Petiq, Inc. Provides Earnings Guidance for the Full Year of 2023

PetIQ, Inc. to Report Q3, 2023 Results on Nov 07, 2023

New minor risk - Share price stability

PetIQ, Inc. Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.16 in 2Q 2022)

Petiq, Inc. Announces Termination of R. Michael Herrman, as Executive Vice President and Corporate Secretary

PetIQ, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Petiq, Inc. Provides Earnings Guidance for the Second Quarter of 2023 and Reiterates Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.11 in 1Q 2022)

Full year 2022 earnings released: US$1.65 loss per share (vs US$0.56 loss in FY 2021)

PetIQ, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Third quarter 2022 earnings released: US$1.68 loss per share (vs US$0.27 loss in 3Q 2021)

PetIQ, Inc. to Report Q3, 2022 Results on Nov 09, 2022

President & COO recently bought €98k worth of stock

PetIQ, Inc. (NasdaqGS:PETQ) announces an Equity Buyback for $30 million worth of its shares.

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.14 in 2Q 2021)

PetIQ, Inc. Provides Sales Guidance for the Third Quarter and Full Year 2022

PetIQ, Inc. to Report Q2, 2022 Results on Aug 09, 2022

High number of new directors

PetIQ, Inc. Appoints John Pearson as Senior Vice President, Head of Services Division

PetIQ, Inc. Announces Demise of Larry Bird

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.077 in 1Q 2021)

High number of new directors

PetIQ, Inc. Provides Revenue Guidance for the Second Quarter, First Half and Full Year 2022

PetIQ, Inc., Annual General Meeting, Jun 22, 2022

PetIQ, Inc. to Report Q1, 2022 Results on May 04, 2022

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

PetIQ, Inc. Reintroduces Sales Guidance for the First Quarter and Full Year of 2022

PetIQ, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Forecast breakeven date pushed back to 2022

Insider recently bought €190k worth of stock

Chairman of the Board & CEO recently bought €887k worth of stock

Chairman of the Board & CEO recently bought €887k worth of stock

Forecast breakeven date pushed back to 2022

Insider recently bought €79k worth of stock

Third quarter 2021 earnings released: US$0.27 loss per share (vs US$2.53 loss in 3Q 2020)

Forecast to breakeven in 2021

Petiq, Inc. Not Providing Earnings Guidance, Due to Uncertainty from Potential COVID-19

Independent Director recently sold €318k worth of stock

Chairman of the Board & CEO recently sold €3.3m worth of stock

Independent Director recently sold €710k worth of stock

Full year 2020 earnings released: US$3.15 loss per share (vs US$0.51 loss in FY 2019)

Revenue beats expectations

PetIQ, Inc. Announces Board Changes, Effective march 2, 2021

PetIQ, Inc. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: €30.80

New 90-day high: €29.80

PetIQ, Inc. Announces Resignation of James Clarke as Member of the Board of Directors, Effective December 31, 2020

PetIQ, Inc. Provides Update on Wellness Center Reopening Plan

Insider recently sold €70.8k worth of stock

First half earnings released

PetIQ, Inc. to Report Q2, 2020 Results on Aug 06, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members