Materion Management

Management criteria checks 2/4

Materion's CEO is Jugal Vijayvargiya, appointed in Mar 2017, has a tenure of 7.17 years. total yearly compensation is $5.97M, comprised of 14.8% salary and 85.2% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth €12.04M. The average tenure of the management team and the board of directors is 6.4 years and 11.3 years respectively.

Key information

Jugal Vijayvargiya

Chief executive officer

US$6.0m

Total compensation

CEO salary percentage	14.8%
CEO tenure	7.2yrs
CEO ownership	0.5%
Management average tenure	6.4yrs
Board average tenure	11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jugal Vijayvargiya's remuneration changed compared to Materion's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 29 2024	n/a	n/a	US$84m
Dec 31 2023	US$6m	US$882k	US$96m
Sep 29 2023	n/a	n/a	US$105m
Jun 30 2023	n/a	n/a	US$98m
Mar 31 2023	n/a	n/a	US$98m
Dec 31 2022	US$5m	US$821k	US$86m
Sep 30 2022	n/a	n/a	US$77m
Jul 01 2022	n/a	n/a	US$75m
Apr 01 2022	n/a	n/a	US$70m
Dec 31 2021	US$4m	US$771k	US$72m
Oct 01 2021	n/a	n/a	US$61m
Jul 02 2021	n/a	n/a	US$48m
Apr 02 2021	n/a	n/a	US$36m
Dec 31 2020	US$3m	US$779k	US$15m
Sep 25 2020	n/a	n/a	US$25m
Jun 26 2020	n/a	n/a	US$23m
Mar 27 2020	n/a	n/a	US$33m
Dec 31 2019	US$5m	US$735k	US$53m
Sep 27 2019	n/a	n/a	US$15m
Jun 28 2019	n/a	n/a	US$32m
Mar 29 2019	n/a	n/a	US$27m
Dec 31 2018	US$4m	US$718k	US$21m
Sep 28 2018	n/a	n/a	US$33m
Jun 29 2018	n/a	n/a	US$23m
Mar 30 2018	n/a	n/a	US$19m
Dec 31 2017	US$3m	US$545k	US$11m

Compensation vs Market: Jugal's total compensation ($USD5.97M) is above average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Jugal's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jugal Vijayvargiya (55 yo)

7.2yrs

Tenure

US$5,971,864

Compensation

Mr. Jugal K. Vijayvargiya serves as an Independent Director at Sensata Technologies Holding plc since June 22, 2023. He serves as Director of Sensata Technologies, Inc. He has been the Chief Executive Offi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jugal Vijayvargiya	CEO, President & Director	7.2yrs	US$5.97m	0.55% $ 12.0m
Shelly Chadwick	Chief Accounting Officer & CFO	3.5yrs	US$2.05m	0.069% $ 1.5m
Gregory Chemnitz	VP, General Counsel & Secretary	16.7yrs	US$1.41m	0.11% $ 2.5m
Ian Tribick	President of Precision Optics & Chief Technology Officer	6.8yrs	no data	no data
Steven Holt	Chief Information Officer	6.5yrs	no data	no data
Kyle Kelleher	Manager of Investor Relations	no data	no data	no data
Shannon Bennett	Vice President of Global Communications	no data	no data	no data
Sam Fulton	Vice President of Strategy & Corporate Development	no data	no data	no data
Allen Reid	Chief Human Resources Officer	3.9yrs	no data	no data
John Zaranec	Division Chief Financial Officer Performance Materials	less than a year	no data	0.0011% $ 24.3k
Alfonso Lubrano	President & CEO of Technical Materials Inc	no data	no data	no data
Clive Grannum	President of Performance Materials	6.3yrs	no data	no data

6.4yrs

Average Tenure

57yo

Average Age

Experienced Management: BEM's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jugal Vijayvargiya	CEO, President & Director	7.2yrs	US$5.97m	0.55% $ 12.0m
Craig Shular	Independent Director	16yrs	US$208.66k	0.029% $ 629.6k
Robert Phillippy	Independent Director	6.3yrs	US$203.66k	0.019% $ 426.6k
Vinod Khilnani	Independent Non-Executive Chairman	15.3yrs	US$261.16k	0.085% $ 1.9m
Robert Toth	Independent Director	11.3yrs	US$201.16k	0.12% $ 2.7m
N. Reddy	Independent Director	24.3yrs	US$196.16k	0.21% $ 4.6m
Emily Liggett	Independent Director	4.3yrs	US$196.16k	0.013% $ 279.2k
Patrick Prevost	Independent Director	4.9yrs	US$196.16k	0.057% $ 1.3m
Darlene J. Solomon	Independent Director	12.8yrs	US$196.16k	0.13% $ 2.9m

11.3yrs

Average Tenure

68yo

Average Age

Experienced Board: BEM's board of directors are seasoned and experienced ( 11.3 years average tenure).

Materion Management

Management criteria checks 2/4

Key information

Recent management updates

VP, General Counsel & Secretary recently sold €371k worth of stock

Materion Corporation, Annual General Meeting, May 09, 2024

VP, General Counsel & Secretary recently sold €224k worth of stock

Independent Director recently sold €95k worth of stock

VP, General Counsel & Secretary recently sold €311k worth of stock

Insufficient new directors

Recent updates

First quarter dividend of US$0.14 announced

Materion Corporation Declares Second-Quarter 2024 Dividend, Payable on June 7, 2024

New major risk - Financial position

First quarter 2024 earnings released: EPS: US$0.65 (vs US$1.24 in 1Q 2023)

Materion Corporation to Report Q1, 2024 Results on May 01, 2024

VP, General Counsel & Secretary recently sold €371k worth of stock

Materion Corporation, Annual General Meeting, May 09, 2024

Full year 2023 earnings released: EPS: US$4.64 (vs US$4.19 in FY 2022)

Upcoming dividend of US$0.13 per share at 0.4% yield

Third quarter dividend of US$0.13 announced

Materion Corporation to Report Q4, 2023 Results on Feb 15, 2024

Materion Corporation Declares Quarterly Cash Dividend, Payable on March 8, 2024

Upcoming dividend of US$0.13 per share at 0.5% yield

Materion Corporation Announces Earnings Guidance for Full Year Ended December 31, 2023

Third quarter 2023 earnings released: EPS: US$1.29 (vs US$0.97 in 3Q 2022)

Materion Corporation Declares Quarterly Cash Dividend for the Fourth Quarter 2023, Payable on December 8, 2023

Materion Corporation to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.13 per share at 0.5% yield

Materion Corporation Declares Dividend for Third-Quarter 2023, Payable on September 7, 2023

Now 22% undervalued after recent price drop

Second quarter 2023 earnings released: EPS: US$1.17 (vs US$1.13 in 2Q 2022)

Materion Corporation to Report Q2, 2023 Results on Aug 02, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.13 per share at 0.5% yield

VP, General Counsel & Secretary recently sold €224k worth of stock

Materion Corporation Increases Cash Dividend for the First Quarter 2023, Payable on June 15, 2023

Independent Director recently sold €95k worth of stock

Now 22% undervalued

First quarter 2023 earnings released: EPS: US$1.24 (vs US$0.69 in 1Q 2022)

Now 20% undervalued

VP, General Counsel & Secretary recently sold €311k worth of stock

Investor sentiment improves as stock rises 22%

Now 20% undervalued

Full year 2022 earnings released: EPS: US$4.19 (vs US$3.55 in FY 2021)

Upcoming dividend of US$0.13 per share at 0.6% yield

Materion Corporation to Report Q4, 2022 Results on Feb 16, 2023

Materion Corporation Announces Cash Dividend for the Fourth Quarter 2022, Payable on March 10, 2023

Insufficient new directors

Upcoming dividend of US$0.13 per share

Third quarter 2022 earnings released: EPS: US$0.97 (vs US$0.89 in 3Q 2021)

Materion Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2022

Materion Corporation to Report Q3, 2022 Results on Nov 02, 2022

Materion Corporation Declares Dividend for the Third Quarter 2022, Payable on September 8, 2022

Second quarter 2022 earnings released: EPS: US$1.13 (vs US$0.88 in 2Q 2021)

Insufficient new directors

Materion Corporation to Report Q2, 2022 Results on Aug 03, 2022

Insufficient new directors

Upcoming dividend of US$0.13 per share

VP, General Counsel & Secretary recently sold €361k worth of stock

Materion Corporation Appoints John Zaranec as Chief Accounting Officer

Materion Corporation Announces Second Quarter 2022 Dividend, Payable on June 16, 2022

First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.82 in 1Q 2021)

Materion Corporation to Report Q1, 2022 Results on Apr 28, 2022

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

Upcoming dividend of US$0.12 per share

Materion Corporation, Annual General Meeting, May 04, 2022

Materion Corporation to Report Q4, 2021 Results on Feb 17, 2022

Materion Corporation Announces Quarterly Cash Dividend for the First Quarter 2022, Payable on March 11, 2022

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.27 in 3Q 2020)

Upcoming dividend of US$0.12 per share

Materion Corporation (NYSE:MTRN) agreed to acquire H.C. Starck Inc. for $380 million.

Upcoming dividend of US$0.12 per share

Second quarter 2021 earnings released: EPS US$0.88 (vs US$0.33 in 2Q 2020)

Upcoming dividend of US$0.12 per share

Materion Corporation Declares Second Quarter Dividend, Payable on June 11, 2021

First quarter 2021 earnings released: EPS US$0.82 (vs US$0.19 loss in 1Q 2020)

Materion Corporation and Radian Audio Partner to Increase Production of High-End Truextent® Acoustic Beryllium Diaphragms

New 90-day high: €60.50