Magnite Management

Management criteria checks 3/4

Magnite's CEO is Michael Barrett, appointed in Mar 2017, has a tenure of 7.67 years. total yearly compensation is $5.64M, comprised of 11.1% salary and 88.9% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth €9.95M. The average tenure of the management team and the board of directors is 4.4 years and 4.6 years respectively.

Key information

Michael Barrett

Chief executive officer

US$5.6m

Total compensation

CEO salary percentage	11.1%
CEO tenure	7.7yrs
CEO ownership	0.5%
Management average tenure	4.4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michael Barrett's remuneration changed compared to Magnite's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$17m
Jun 30 2024	n/a	n/a	-US$5m
Mar 31 2024	n/a	n/a	-US$78m
Dec 31 2023	US$6m	US$625k	-US$159m
Sep 30 2023	n/a	n/a	-US$226m
Jun 30 2023	n/a	n/a	-US$233m
Mar 31 2023	n/a	n/a	-US$184m
Dec 31 2022	US$6m	US$600k	-US$130m
Sep 30 2022	n/a	n/a	-US$93m
Jun 30 2022	n/a	n/a	-US$93m
Mar 31 2022	n/a	n/a	-US$32m
Dec 31 2021	US$18m	US$588k	US$65k
Sep 30 2021	n/a	n/a	US$5m
Jun 30 2021	n/a	n/a	US$19m
Mar 31 2021	n/a	n/a	-US$57m
Dec 31 2020	US$4m	US$459k	-US$53m
Sep 30 2020	n/a	n/a	-US$58m
Jun 30 2020	n/a	n/a	-US$53m
Mar 31 2020	n/a	n/a	-US$23m
Dec 31 2019	US$4m	US$515k	-US$25m
Sep 30 2019	n/a	n/a	-US$29m
Jun 30 2019	n/a	n/a	-US$37m
Mar 31 2019	n/a	n/a	-US$47m
Dec 31 2018	US$2m	US$515k	-US$62m

Compensation vs Market: Michael's total compensation ($USD5.64M) is above average for companies of similar size in the German market ($USD1.64M).

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

CEO

Michael Barrett (62 yo)

7.7yrs

Tenure

US$5,639,874

Compensation

Mr. Michael G. Barrett serves as Chief Executive Officer of Telaria Inc. He has been Chief Executive Officer of Magnite, Inc. (formerly known as The Rubicon Project, Inc.). since March 2017 and serves as i...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Barrett	President	7.7yrs	US$5.64m	0.46% € 9.9m
David Day	Chief Financial Officer	8.5yrs	US$3.37m	0.086% € 1.9m
Katie Evans	Chief Operating Officer	4.2yrs	US$2.53m	0.13% € 2.8m
Adam Soroca	Chief Product Officer	7.3yrs	US$2.53m	0.15% € 3.3m
Sean Buckley	Chief Revenue Officer	2.8yrs	US$3.24m	0.032% € 686.5k
Brian Gephart	Chief Accounting Officer	3.4yrs	no data	0.016% € 350.9k
David Buonasera	Chief Technology Officer	1.7yrs	no data	0.061% € 1.3m
Nick Kormeluk	VP of Investor Relations & Head of Global Real Estate	no data	no data	no data
Aaron Saltz	Chief Legal Officer	4.6yrs	no data	0.13% € 2.9m
Charlstie Veith	Global Head of Communications	no data	no data	no data
David Hertog	Chief Marketing Officer	6.4yrs	no data	no data
Shawna Hughes	Chief People Officer	3.8yrs	no data	no data

4.4yrs

Average Tenure

45yo

Average Age

Experienced Management: 15R's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Barrett	President	7.7yrs	US$5.64m	0.46% € 9.9m
Robert Spillane	Independent Director	10.6yrs	US$259.18k	0.049% € 1.1m
Rachel Lam	Independent Director	4.6yrs	US$254.18k	0.15% € 3.3m
Paul Caine	Non-Executive Chairman	4.6yrs	US$312.18k	0.12% € 2.7m
James Rossman	Independent Director	4.6yrs	US$256.68k	0.25% € 5.5m
David Pearson	Independent Director	2.7yrs	US$261.18k	0.037% € 800.3k
Douglas Knopper	Independent Director	4.6yrs	US$257.18k	0.096% € 2.1m
Diane Yu	Independent Director	2.7yrs	US$239.68k	0.037% € 800.3k
Sarah Harden	Independent Director	5.3yrs	US$244.68k	0.089% € 1.9m

4.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 15R's board of directors are considered experienced (4.6 years average tenure).

Magnite Management

Management criteria checks 3/4

Key information

Recent management updates

Magnite, Inc., Annual General Meeting, Jun 12, 2024

President recently sold €273k worth of stock

Magnite Appoints Yael Milbank as Managing Director, Australia and New Zealand

Chief Operating Officer recently sold €75k worth of stock

Chief Operating Officer recently sold €805k worth of stock

High number of new directors

Recent updates

Third quarter 2024 earnings released: EPS: US$0.037 (vs US$0.13 loss in 3Q 2023)

Magnite, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Second quarter 2024 earnings released: US$0.008 loss per share (vs US$0.54 loss in 2Q 2023)

Magnite Launches Full AI-Driven Automation Within Demand Manager to Earn Incremental Revenue for Publishers

Magnite, Inc. to Report Q2, 2024 Results on Aug 07, 2024

First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.73 loss in 1Q 2023)

Magnite, Inc., Annual General Meeting, Jun 12, 2024

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

New minor risk - Profitability

Full year 2023 earnings released: US$1.17 loss per share (vs US$0.98 loss in FY 2022)

Magnite, Inc. (NasdaqGS:MGNI) announces an Equity Buyback.

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

Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.18 loss in 3Q 2022)

Magnite, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Magnite Inks Deal with Mediaocean to Boost Access to Ctv for Local Linear Buyers

President recently sold €273k worth of stock

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: US$0.54 loss per share (vs US$0.19 loss in 2Q 2022)

Magnite Appoints Yael Milbank as Managing Director, Australia and New Zealand

Magnite, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Magnite Announces Introducing Magnite Access, an Omnichannel Audience, Data and Identity Suite

Chief Operating Officer recently sold €75k worth of stock

First quarter 2023 earnings released: US$0.73 loss per share (vs US$0.34 loss in 1Q 2022)

Magnite, Inc. Provides Financial Guidance for the Second Quarter and Full Year of 2023

Chief Operating Officer recently sold €805k worth of stock

Full year 2022 earnings released: US$0.98 loss per share (vs US$0.001 profit in FY 2021)

Magnite Announces Next Generation CTV and OTT Monetization Platform: Magnite Streaming

Magnite, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Now 21% undervalued

Now 23% undervalued

High number of new directors

Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.18 loss in 3Q 2021)

Edenbrook Capital, LLC Engages in Discussions with Magnite, Inc

Magnite, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year of 2022

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

Second quarter 2022 earnings released: US$0.19 loss per share (vs US$0.29 profit in 2Q 2021)

Magnite, Inc. Announces Executive Changes, Effective August 31, 2022

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

First quarter 2022 earnings released: US$0.34 loss per share (vs US$0.11 loss in 1Q 2021)

Magnite, Inc. Announces Impairment of Intangible Assets for the First Quarter Ended March 31, 2022

High number of new directors

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

Magnite, Inc. (NasdaqGS:MGNI) acquired assets of Carbon RMP.

Magnite, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Magnite, Inc. (NasdaqGS:MGNI) acquired Nth Party, Ltd.

Magnite, Inc. (NasdaqGS:MGNI) announces an Equity Buyback for $50 million worth of its shares.

Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.095 loss in 3Q 2020)

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Chief Technology Officer Thomas Kershaw has left the company

Magnite-Led Consortium Completes First Phase of Publisher First-Party Segments Initiative

Magnite, Inc.(NasdaqGS:MGNI) dropped from Russell Microcap Growth Index

First quarter 2021 earnings released: US$0.11 loss per share (vs US$0.18 loss in 1Q 2020)

Magnite, Inc. (NasdaqGS:MGNI) completed the acquisition of SpotX, Inc. from RTL Group S.A. (XTRA:RRTL) for approximately $1.14 billion.

Full year 2020 earnings released: US$0.55 loss per share (vs US$0.48 loss in FY 2019)

Revenue misses expectations

Chief Operating Officer recently sold €1.4m worth of stock