Gray Television Management

Management criteria checks 2/4

Gray Television's CEO is Hilton Howell, appointed in Aug 2008, has a tenure of 15.67 years. total yearly compensation is $10.63M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 5.49% of the company’s shares, worth €29.91M. The average tenure of the management team and the board of directors is 5.3 years and 7.6 years respectively.

Key information

Hilton Howell

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	13.7%
CEO tenure	15.7yrs
CEO ownership	5.5%
Management average tenure	5.3yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hilton Howell's remuneration changed compared to Gray Television's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$1m	-US$128m
Sep 30 2023	n/a	n/a	US$67m
Jun 30 2023	n/a	n/a	US$215m
Mar 31 2023	n/a	n/a	US$310m
Dec 31 2022	US$8m	US$1m	US$403m
Sep 30 2022	n/a	n/a	US$246m
Jun 30 2022	n/a	n/a	US$121m
Mar 31 2022	n/a	n/a	US$61m
Dec 31 2021	US$12m	US$1m	US$38m
Sep 30 2021	n/a	n/a	US$233m
Jun 30 2021	n/a	n/a	US$372m
Mar 31 2021	n/a	n/a	US$344m
Dec 31 2020	US$7m	US$1m	US$358m
Sep 30 2020	n/a	n/a	US$228m
Jun 30 2020	n/a	n/a	US$165m
Mar 31 2020	n/a	n/a	US$198m
Dec 31 2019	US$9m	US$1m	US$127m
Sep 30 2019	n/a	n/a	US$134m
Jun 30 2019	n/a	n/a	US$150m
Mar 31 2019	n/a	n/a	US$160m
Dec 31 2018	US$6m	US$1m	US$211m
Sep 30 2018	n/a	n/a	US$289m
Jun 30 2018	n/a	n/a	US$242m
Mar 31 2018	n/a	n/a	US$271m
Dec 31 2017	US$5m	US$1m	US$262m

Compensation vs Market: Hilton's total compensation ($USD10.63M) is above average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: Hilton's compensation has increased whilst the company is unprofitable.

CEO

Hilton Howell (61 yo)

15.7yrs

Tenure

US$10,630,526

Compensation

Mr. Hilton Hatchett Howell, Jr. has been the Chief Executive Officer of Gray Television, Inc. since August 20, 2008 and also served its President since June 2013 until January 03, 2019. Mr. Howell has been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hilton Howell	Executive Chairman & CEO	15.7yrs	US$10.63m	5.49% $ 29.9m
Donald LaPlatney	President	5.3yrs	US$5.69m	1.01% $ 5.5m
James Ryan	Executive VP & CFO	25.5yrs	US$4.04m	0.83% $ 4.5m
McNamara Breland	Executive VP & COO	less than a year	US$2.34m	0.36% $ 1.9m
Kevin Latek	Executive VP	12.1yrs	US$4.02m	0.75% $ 4.1m
Jackson Cowart	Senior VP & Chief Accounting Officer	no data	no data	0.040% $ 217.7k
David Burke	Senior VP & Chief Technology Officer	5.3yrs	no data	no data
Charlie Effinger	Vice President of Corporate Development	10.8yrs	no data	no data
Mike King	Senior Managing VP & Chief Marketing Officer	less than a year	no data	no data
Garrett Pope	Senior VP of Sales Operations	less than a year	no data	no data
Jan Goldstein	Senior Vice President of Human Resources	5.3yrs	no data	no data
Matt Jaquint	Senior Managing VP & Chief Revenue Officer	less than a year	no data	no data

5.3yrs

Average Tenure

61yo

Average Age

Experienced Management: GCZB's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hilton Howell	Executive Chairman & CEO	31.3yrs	US$10.63m	5.49% $ 29.9m
Donald LaPlatney	President	5.3yrs	US$5.69m	1.01% $ 5.5m
Harriett Robinson	Director Emeritus	6.9yrs	US$36.50k	3.58% $ 19.5m
Richard Boger	Independent Director	33.3yrs	US$272.50k	0.069% $ 377.7k
Howell Newton	Lead Independent Director	33.3yrs	US$296.25k	0.11% $ 583.9k
Paul McTear	Independent Director	5.3yrs	US$238.75k	0.090% $ 490.8k
Robin Howell	Director	12.3yrs	US$227.50k	0.16% $ 894.0k
Richard Hare	Independent Director	7.6yrs	US$257.50k	0.057% $ 309.5k
Luis Garcia	Independent Director	7.8yrs	US$238.75k	0.056% $ 307.2k
Sterling Spainhour	Independent Director	3.2yrs	US$235.00k	0.030% $ 160.8k
Lorraine McClain	Independent Director	2.1yrs	US$234.32k	0.029% $ 160.0k

7.6yrs

Average Tenure

61yo

Average Age

Experienced Board: GCZB's board of directors are considered experienced (7.6 years average tenure).

Gray Television Management

Management criteria checks 2/4

Key information

Recent management updates

Gray Television, Inc., Annual General Meeting, May 08, 2024

Gray Television, Inc. Announces CFO Changes

Gray Television, Inc. Appoints Bruce Austin to General Manager of WVLT and WBXX in Knoxville, Tennessee, Effective January 2, 2024

Gray Television, Inc. Promotes Garrett Pope to Senior Vice President, Effective from September 1, 2023

Gray Television, Inc. Promotes Matt Moran to Senior Managing Vice President

Gray Television, Inc. Promotes Sandy Breland to Executive Vice President and Chief Operating Officer

Recent updates

Gray Television, Inc. to Report Q1, 2024 Results on May 07, 2024

New minor risk - Shareholder dilution

Gray Television, Inc., Annual General Meeting, May 08, 2024

Upcoming dividend of US$0.08 per share

Fourth quarter dividend of US$0.08 announced

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on March 28, 2024

Full year 2023 earnings released: US$1.39 loss per share (vs US$4.38 profit in FY 2022)

Gray Television, Inc. Announces CFO Changes

Now 28% overvalued after recent price rise

Investor sentiment deteriorates as stock falls 22%

Gray Television, Inc. Updates Revenue Guidance for the Fourth Quarter of 2024

Gray Television, Inc. to Report Q4, 2023 Results on Feb 23, 2024

Gray Television, Inc. Appoints Bruce Austin to General Manager of WVLT and WBXX in Knoxville, Tennessee, Effective January 2, 2024

Upcoming dividend of US$0.08 per share at 4.1% yield

Gray Television, Inc. Provides Earnings Guidance for the Quarter Ending December 31, 2023

Third quarter 2023 earnings released: US$0.57 loss per share (vs US$1.04 profit in 3Q 2022)

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on December 29, 2023

Investor sentiment improves as stock rises 16%

Gray Television, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.08 per share at 4.5% yield

Gray Television, Inc. Promotes Garrett Pope to Senior Vice President, Effective from September 1, 2023

Investor sentiment deteriorates as stock falls 16%

New major risk - Share price stability

Second quarter 2023 earnings released: US$0.097 loss per share (vs US$0.93 profit in 2Q 2022)

Gray Television, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Gray Television, Inc. to Report Q2, 2023 Results on Aug 04, 2023

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.08 per share at 4.1% yield

Gray Television, Inc. Promotes Matt Moran to Senior Managing Vice President

Gray Television, Inc. Promotes Sandy Breland to Executive Vice President and Chief Operating Officer

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings released: US$0.48 loss per share (vs US$0.53 profit in 1Q 2022)

Gray Television, Inc. Provides Earnings Guidance for the Three-Months Ending June 30, 2023

Upcoming dividend of US$0.08 per share at 2.9% yield

Full year 2022 earnings released: EPS: US$4.38 (vs US$0.40 in FY 2021)

Gray Television, Inc. (NYSE:GTN) entered into an agreement to acquire WPGA-TV of Marquee Broadcasting, Inc.

Investor sentiment deteriorates as stock falls 16%

Gray Television, Inc. to Report Q4, 2022 Results on Feb 24, 2023

Upcoming dividend of US$0.08 per share

Gray Television, Inc. Promotes Collin Gaston to Senior Vice President

President recently bought €98k worth of stock

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$1.04 (vs US$0.32 loss in 3Q 2021)

Gray Television, Inc. Provides Earning Guidance for Year 2022

Gray Television, Inc. Announces Promotion of Marsha B. Fogarty to General Manager of Wtoc in Savannah

Gray Television, Inc. to Report Q3, 2022 Results on Nov 04, 2022

Upcoming dividend of US$0.08 per share

Second quarter 2022 earnings released: EPS: US$0.93 (vs US$0.27 in 2Q 2021)

Gray Television, Inc. Authorizes Quarterly Cash Dividend, Payable on September 30, 2022

Gray Announces Management Changes

Gray Television, Inc. to Report Q2, 2022 Results on Aug 05, 2022

Upcoming dividend of US$0.08 per share

Senior VP & Chief Accounting Officer recently sold €333k worth of stock

First quarter 2022 earnings released: EPS: US$0.53 (vs US$0.28 in 1Q 2021)

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on June 30, 2022

Gray Television, Inc. Appoints Coline Sim as Director of Telemundo Atlanta Operations

Gray Television, Inc. to Report Q1, 2022 Results on May 06, 2022

Upcoming dividend of US$0.08 per share

Investor sentiment improved over the past week

Gray Television, Inc. Elects Lorri McClain as an Independent Director

High number of new directors

Gray Television, Inc. Elects Lorri McClain to Its Board of Directors, effective March 1, 2022

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

Gray Television, Inc. Provides Revenue Guidance for the Quarter Ending March 31, 2022

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on March 31, 2022

Gray Television, Inc. (NYSE:GTN) agreed to acquire Capital Media Group, Llc and Surge Digital Media from Susan Sim Oh and Coline Sim.

Upcoming dividend of US$0.08 per share