RPM International Management

Management criteria checks 4/4

RPM International's CEO is Frank Sullivan, appointed in Oct 2002, has a tenure of 21.5 years. total yearly compensation is $6.41M, comprised of 15.5% salary and 84.5% bonuses, including company stock and options. directly owns 0.81% of the company’s shares, worth €105.51M. The average tenure of the management team and the board of directors is 12 years and 8.5 years respectively.

Key information

Frank Sullivan

Chief executive officer

US$6.4m

Total compensation

CEO salary percentage	15.5%
CEO tenure	21.5yrs
CEO ownership	0.8%
Management average tenure	12yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Sullivan's remuneration changed compared to RPM International's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$557m
Nov 30 2023	n/a	n/a	US$523m
Aug 31 2023	n/a	n/a	US$509m
May 31 2023	US$6m	US$995k	US$477m
Feb 28 2023	n/a	n/a	US$523m
Nov 30 2022	n/a	n/a	US$529m
Aug 31 2022	n/a	n/a	US$522m
May 31 2022	US$9m	US$995k	US$488m
Feb 28 2022	n/a	n/a	US$445m
Nov 30 2021	n/a	n/a	US$450m
Aug 31 2021	n/a	n/a	US$453m
May 31 2021	US$12m	US$920k	US$499m
Feb 28 2021	n/a	n/a	US$452m
Nov 30 2020	n/a	n/a	US$426m
Aug 31 2020	n/a	n/a	US$376m
May 31 2020	US$9m	US$970k	US$302m
Feb 29 2020	n/a	n/a	US$327m
Nov 30 2019	n/a	n/a	US$329m
Aug 31 2019	n/a	n/a	US$301m
May 31 2019	US$8m	US$975k	US$265m
Feb 28 2019	n/a	n/a	US$217m
Nov 30 2018	n/a	n/a	US$243m
Aug 31 2018	n/a	n/a	US$288m
May 31 2018	US$5m	US$970k	US$334m
Feb 28 2018	n/a	n/a	US$375m
Nov 30 2017	n/a	n/a	US$347m
Aug 31 2017	n/a	n/a	US$182m
May 31 2017	US$5m	US$970k	US$179m

Compensation vs Market: Frank's total compensation ($USD6.41M) is about average for companies of similar size in the German market ($USD5.57M).

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

CEO

Frank Sullivan (62 yo)

21.5yrs

Tenure

US$6,409,875

Compensation

Mr. Frank C. Sullivan has been the Chief Executive Officer of RPM International Inc. since October 11, 2002 and served as its President from August 1999 until 2008 and again serves as President since 2018....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Sullivan	Chairman	21.5yrs	US$6.41m	0.81% $ 105.5m
Russell Gordon	VP & CFO	12yrs	US$2.10m	0.095% $ 12.3m
Timothy Kinser	Vice President of Operations	2.5yrs	US$1.76m	0.016% $ 2.1m
Edward Moore	Senior VP	17.3yrs	US$1.86m	0.044% $ 5.7m
Michael Laroche	VP, Controller & Chief Accounting Officer	2.4yrs	no data	0.0095% $ 1.2m
Matthew Schlarb	Senior Director of Investor Relations	no data	no data	no data
Randell McShepard	VP of Public Affairs & Chief Talent Officer	16.5yrs	no data	no data
John Kramer	Vice President of Corporate Development	no data	no data	no data
Michael Matchinga	Director of Human Resource Information Systems	no data	no data	no data
Tracy Crandall	VP of Compliance & Sustainability and Associate General Counsel	8.8yrs	no data	no data
Bryan Gillette	VP of Internal Audit & Chief Audit Executive	1.8yrs	no data	no data
Matthew Ratajczak	VP of Global Tax & Treasurer	12.2yrs	no data	0.018% $ 2.4m

12.0yrs

Average Tenure

58.5yo

Average Age

Experienced Management: RP8's management team is seasoned and experienced (12 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Sullivan	Chairman	29.3yrs	US$6.41m	0.81% $ 105.5m
Bruce Carbonari	Independent Lead Director	21.5yrs	US$311.45k	0.022% $ 2.9m
Salvatore Fazzolari	Independent Director	11.3yrs	US$298.95k	0.015% $ 2.0m
William Summers	Independent Director	19.8yrs	US$276.45k	0.036% $ 4.6m
John Ballbach	Independent Director	5.8yrs	US$276.45k	0.015% $ 2.0m
Frederick Nance	Independent Director	17.3yrs	US$296.45k	0.0063% $ 822.7k
Robert Livingston	Independent Director	6.5yrs	US$286.45k	0.013% $ 1.6m
Elizabeth Whited	Independent Director	2.5yrs	US$276.45k	0.0033% $ 432.7k
Jenniffer Deckard	Independent Director	8.5yrs	US$276.45k	0.012% $ 1.5m
Ellen Pawlikowski	Independent Director	1.8yrs	US$278.95k	0.0029% $ 371.8k
Kirkland Andrews	Independent Director	5.8yrs	US$276.45k	0.0090% $ 1.2m

8.5yrs

Average Tenure

66yo

Average Age

Experienced Board: RP8's board of directors are considered experienced (8.5 years average tenure).

RPM International Management

Management criteria checks 4/4

Key information

Recent management updates

Chairman recently sold €1.9m worth of stock

RPM International Inc., Annual General Meeting, Oct 05, 2023

Senior VP recently sold €492k worth of stock

Insider recently sold €1.6m worth of stock

Chairman recently sold €6.2m worth of stock

RPM International Inc., Annual General Meeting, Oct 06, 2022

Recent updates

Third quarter 2024 earnings released: EPS: US$0.48 (vs US$0.21 in 3Q 2023)

RPM International Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Full-Year Fiscal 2024

Second quarter dividend of US$0.46 announced

RPM International Inc. Declares Quarterly Cash Dividend, Payable on April 30, 2024

RPM International Inc. to Report Q3, 2024 Results on Apr 04, 2024

Upcoming dividend of US$0.46 per share at 1.7% yield

Second quarter 2024 earnings released: EPS: US$1.14 (vs US$1.02 in 2Q 2023)

RPM International Inc. to Report Q2, 2024 Results on Jan 04, 2024

First quarter 2024 earnings released: EPS: US$1.58 (vs US$1.31 in 1Q 2023)

RPM International Inc. to Report Q1, 2024 Results on Oct 04, 2023

Chairman recently sold €1.9m worth of stock

RPM International Inc., Annual General Meeting, Oct 05, 2023

RPM International Inc. Provides Consolidated Earnings Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$3.75 (vs US$3.81 in FY 2022)

RPM International Inc. Declares Regular Quarterly Cash Dividend, Payable on July 31, 2023

RPM International Inc. to Report Q4, 2023 Results on Jul 26, 2023

Now 20% undervalued after recent price drop

Senior VP recently sold €492k worth of stock

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.26 in 3Q 2022)

Atalaya Capital Management LP, Waterfall Asset Management, LLC and OnPoint Warranty Solutions LLC acquired Guardian Protection Products, Inc.

Upcoming dividend of US$0.42 per share

RPM International Inc. Provides Consolidated Sales Guidance for the Third Quarter of Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$1.03 (vs US$0.97 in 2Q 2022)

RPM International Inc. Declares Quarterly Dividend, Payable on January 31, 2023

RPM International Inc. to Report Q2, 2023 Results on Jan 05, 2023

Insider recently sold €1.6m worth of stock

Chairman recently sold €6.2m worth of stock

RPM International Inc. Declares Regular Quarterly Cash Dividend, Payable on October 31, 2022

First quarter 2023 earnings released: EPS: US$1.32 (vs US$1.04 in 1Q 2022)

Rpm International Inc. Provides Sales Guidance for Fiscal Year 2023

RPM International Inc. to Report Q1, 2023 Results on Oct 05, 2022

RPM International Inc., Annual General Meeting, Oct 06, 2022

Independent Director recently sold €228k worth of stock

Insider recently sold €88k worth of stock

Full year 2022 earnings released: EPS: US$3.84 (vs US$3.89 in FY 2021)

RPM International Inc. Provides Financial Guidance for Fiscal 2023

RPM International Inc. Appoints Bryan R. Gillette as Chief Audit Executive

RPM International Inc. Appoints Ellen Pawlikowski to its Board of Directors

RPM International Inc. Declares Quarterly Dividend, Payable on July 29, 2022

RPM International Inc. to Report Q4, 2022 Results on Jul 25, 2022

Insider recently sold €117k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.26 (vs US$0.30 in 3Q 2021)

RPM International Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Upcoming dividend of US$0.40 per share

RPM International Inc. Declares Quarterly Dividend, Payable on April 29, 2022

Now 20% undervalued after recent price drop

Now 24% undervalued after recent price drop

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

RPM International Inc. Provides Earnings Guidance for the Third Quarter of Fiscal 2022

Insufficient new directors

Insider recently sold €60k worth of stock

First quarter 2022 earnings released: EPS US$1.04 (vs US$1.39 in 1Q 2021)

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

President of DAP Products Inc. Jeff Ackerberg has left the company

President of RPM Consumer Group Terrence Horan has left the company

Full year 2021 earnings released: EPS US$3.92 (vs US$2.35 in FY 2020)

Independent Director Thomas Gross has left the company

Independent Director recently sold €841k worth of stock

Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.092 in 3Q 2020)

RPM International Inc. Provides Earnings Guidance for the Fourth Quarter of 2021

Thomas S. Gross to Retire from RPM International Inc.'s Board of Directors, Effective May 31, 2021

New 90-day low: €67.00

Rpm International Inc. Lowers Sales Guidance for the Third Quarter of Fiscal Ended February 28, 2021

Independent Director recently sold €637k worth of stock

New 90-day low: €70.00

Revenue beats expectations

Senior VP recently sold €624k worth of stock

Second quarter 2021 earnings released: EPS US$0.98