Itafos Management

Management criteria checks 3/4

Itafos' CEO is George Delaney, appointed in Nov 2020, has a tenure of 7.75 years. total yearly compensation is $1.94M, comprised of 36.1% salary and 63.9% bonuses, including company stock and options. directly owns 0.37% of the company’s shares, worth €788.12K. The average tenure of the management team and the board of directors is 3.1 years and 5.8 years respectively.

Key information

George Delaney

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	36.1%
CEO tenure	4yrs
CEO ownership	0.4%
Management average tenure	3.1yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Delaney's remuneration changed compared to Itafos's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$5m
Mar 31 2024	n/a	n/a	-US$629k
Dec 31 2023	US$2m	US$700k	US$4m
Sep 30 2023	n/a	n/a	US$81m
Jun 30 2023	n/a	n/a	US$86m
Mar 31 2023	n/a	n/a	US$110m
Dec 31 2022	US$2m	US$650k	US$115m
Sep 30 2022	n/a	n/a	US$109m
Jun 30 2022	n/a	n/a	US$117m
Mar 31 2022	n/a	n/a	US$82m
Dec 31 2021	US$2m	US$604k	US$51m
Sep 30 2021	n/a	n/a	US$17m
Jun 30 2021	n/a	n/a	-US$12m
Mar 31 2021	n/a	n/a	-US$43m
Dec 31 2020	US$352k	US$50k	-US$63m
Sep 30 2020	n/a	n/a	-US$141m
Jun 30 2020	n/a	n/a	-US$148m
Mar 31 2020	n/a	n/a	-US$149m
Dec 31 2019	US$200k	n/a	-US$144m
Sep 30 2019	n/a	n/a	-US$211m
Jun 30 2019	n/a	n/a	-US$204m
Mar 31 2019	n/a	n/a	-US$178m
Dec 31 2018	US$111k	n/a	-US$113m
Sep 30 2018	n/a	n/a	US$34m
Jun 30 2018	n/a	n/a	US$39m
Mar 31 2018	n/a	n/a	US$27m
Dec 31 2017	US$204k	n/a	-US$30m

Compensation vs Market: George's total compensation ($USD1.94M) is above average for companies of similar size in the German market ($USD819.40K).

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

CEO

George Delaney (63 yo)

4yrs

Tenure

US$1,941,051

Compensation

Mr. George David Delaney serves as Chief Executive Officer at Itafos Inc. since November 30, 2020 and has been its Director since February 6, 2017. He has been Director at Farmer's Business Network, Inc. M...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Delaney	CEO & Director	4yrs	US$1.94m	0.37% € 788.1k
Matthew O'Neill	Chief Financial Officer	2.3yrs	US$1.21m	0.026% € 56.6k
Timothy Vedder	VP of Operations & GM of Conda	5.1yrs	US$780.06k	0.12% € 265.4k
Geoffrey Williams	VP, General Counsel & Secretary	less than a year	no data	no data

3.1yrs

Average Tenure

Experienced Management: 82E's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Delaney	CEO & Director	7.8yrs	US$1.94m	0.37% € 788.1k
Ronald Wilkinson	Independent Director	6.8yrs	US$376.92k	0.19% € 416.1k
Anthony Cina	Independent Chairman	9.6yrs	US$554.13k	0.36% € 780.0k
Ricardo De Armas	Director	4.7yrs	no data	0.21% € 454.8k
Isaiah Toback	Director	2.6yrs	no data	no data
Stephen Shapiro	Independent Director	2.6yrs	US$349.38k	0.018% € 38.3k

5.8yrs

Average Tenure

Experienced Board: 82E's board of directors are considered experienced (5.8 years average tenure).

Itafos Management

Management criteria checks 3/4

Key information

Recent management updates

Itafos Inc. Announces Elena Viyella De Paliza Did Not Stand for Re-Election as Director

Itafos Inc., Annual General Meeting, Jun 19, 2024

Itafos Inc., Annual General Meeting, Jul 13, 2023

Itafos Inc. Appoints Matthew O’Neill as Chief Financial Officer Succeeding George Burdette

Less than half of directors are independent

Itafos Inc., Annual General Meeting, Jun 24, 2022

Recent updates

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: US$0.08 (vs US$0.11 in 2Q 2023)

Itafos Inc. Maintains Operating Guidance for the Year 2024

Niobium Dragon Pty Ltd entered into a binding Share Sale Agreement to acquire Itafos Arraias Mineração e Fertilizantes S.A. from Itafos Inc. (TSXV:IFOS) ) for $14.9 million.

Itafos Inc. Announces Elena Viyella De Paliza Did Not Stand for Re-Election as Director

First quarter 2024 earnings released: EPS: US$0.12 (vs US$0.15 in 1Q 2023)

Itafos Inc. Announces Results of Updated Itafos Conda Technical Report

Itafos Inc., Annual General Meeting, Jun 19, 2024

Full year 2023 earnings released: EPS: US$0.02 (vs US$0.61 in FY 2022)

Itafos Inc. Narrows its Earnings Guidance for 2023

Third quarter 2023 earnings released

New major risk - Share price stability

Now 22% undervalued

Investor sentiment improves as stock rises 18%

Now 20% undervalued after recent price drop

Itafos Inc. Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.11 (vs US$0.23 in 2Q 2022)

New minor risk - Share price stability

Itafos Files Updated Feasibility Study for the Farim Phosphate Project

Itafos Inc. Completes Updated Feasibility Study for the Farim Phosphate Project

Itafos Inc., Annual General Meeting, Jul 13, 2023

First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.18 in 1Q 2022)

Itafos Announces Notice to Proceed for Husky 1/North Dry Ridge

Investor sentiment improves as stock rises 25%

Full year 2022 earnings released: EPS: US$0.61 (vs US$0.27 in FY 2021)

Third quarter 2022 earnings released: EPS: US$0.043 (vs US$0.084 in 3Q 2021)

Itafos Inc. Provides Earnings Guidance for Fiscal Year 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: US$0.23 (vs US$0.051 in 2Q 2021)

Itafos Inc. Appoints Matthew O’Neill as Chief Financial Officer Succeeding George Burdette

Investor sentiment deteriorated over the past week

Itafos Inc. Announces Production and Sales of Hydrofluorosilicic Acid at Conda

Investor sentiment deteriorated over the past week

Itafos Inc. Provides Earnings Guidance for the First Half and Second Half of 2022

First quarter 2022 earnings released: EPS: US$0.18 (vs US$0.01 in 1Q 2021)

Less than half of directors are independent

Itafos Inc., Annual General Meeting, Jun 24, 2022

Itafos Inc. Announces Board Changes

Itafos Inc. Announces Resumption of Sulfuric Acid Production at Arraias

Investor sentiment improved over the past week

Less than half of directors are independent

Forecast to breakeven in 2021

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Second quarter 2021 earnings released: EPS US$0.05 (vs US$0.11 loss in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.01 (vs US$0.10 loss in 1Q 2020)

Forecast breakeven moved forward to 2021

Full year 2020 earnings released: US$0.34 loss per share (vs US$1.02 loss in FY 2019)

Itafos Appoints David Brush as Chief Strategy Officer

Itafos(TSXV:IFOS) dropped from S&P/TSX Venture Composite Index

Itafos Announces Notice of Intent for Conda Mine Life Extension

Itafos Announces Executive Changes

Third quarter 2020 earnings released: US$0.07 loss per share

New 90-day high - €0.22

Earnings released

New 90-day high - €0.21

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure